SMBC Aviation Capital, a Japanese aircraft lessor company, has become the latest such entity to share its opinion on the trajectory of the sector. Several of its remarks are worth noting, especially the ones relating to the strategy that big OEMs (original equipment manufacturers) are employing when it comes to emission reductions. SMBC’s projection that the next generation of commercial airliners will not enter service until at least a decade from now highlights the complex nature of aircraft development. Despite the urgency of addressing climate change, the lengthy development cycles for new aircraft, coupled with the long economic life of existing fleets, create substantial inertia in the aviation industry. SMBC’s analysis suggests that both Boeing and Airbus are unlikely to…