As the world prepares to tackle the Omicron variant of the coronavirus, some investors may expect the global jet market to wither.
However, these estimates seem to be far from the truth.
Business has returned to the industry, with airlines seeking to acquire faster greener passenger aircraft as well as freighter aircraft, which they believe will give them a clear advantage in the post-pandemic recovery period.
Airlines anticipate a return to travel demand, but also a continuing increase in online shopping.
From Arizona via Amsterdam, some of the industry’s most aggressive customers are looking for more operational aircraft to enter service in the second half of the decade. These airlines seek to be at the top of the relevant waiting lists, which they fear may delay their economic growth, but also the implementation of the goals they have set for environmental protection.
On Wednesday, Singapore Airlines made three crucial decisions in its interim order regarding the replacement of its fleet of cargo aircraft with new lighter A350 aircraft manufactured by the European corporation Airbus.
Qantas Airways in Australia today selected Airbus to replace its fleet of old narrow-body aircraft.
Alan Joyce, the airline’s chief executive, described the decision as “a decision made by a generation” and involved a shift from US-based Boeing to Airbus.
The European aircraft manufacturer is also seeking to secure a wide-body aircraft order from Dutch airline KLM today.
Airbus and Boeing have sold out in the competitive mid-range aircraft category by the middle of the decade, following a period of large aircraft orders that preceded but lost momentum due to the difficult financial situation caused by COVID-19.
However, with the long time required for the delivery of aircraft, but also with the volume of orders that have already accumulated, the focus is now on the second half of the decade, but also on movements by airlines, which will bring them to the forefront of picking up their aircraft and shaping their future passenger and freight capacity.
Source: ΑΠΕ-ΜΠΕ
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Source From: Capital
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