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?
Registration gives you instant free access to FlightGlobal’s news, in-depth analysis, insight and opinion from our global team of experts, and access to our Flight International and Airline Business online libraries.
You’ll only need to log in once to access FlightGlobal’s premium free content.