It is now more than two years since oil prices began their decline from the $100 plus per barrel endured between 2011 and mid-2014. During that period, close to 10,000 commercial aircraft orders were placed, with more than 60% being next generation types offering significant fuel efficiencies over current generation types. Clearly high fuel prices were a major factor in airlines’ fleet planning process and they were planning for a future with sustained high prices. Then the decline started, and the market has enjoyed a very different environment than expected. How has this impacted fleet dynamics?
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