Airlines’ Unwanted Fleet Grows in the Desert

In the midst of a slowing US economy, companies such as Avtel that provide storage and maintenance facilities for airlines, are doing lucrative business. In fact, the amount of business airlines do with a company like Avtel is a good way to gauge both the failing airline industry's health and the remaining strength of individual airlines. Indeed, post September 11 declines in air travel and the slowing economy have resulted in financial troubles for major airlines, forcing them to put many of their jets into temporary retirement. Poor business for airlines does not only benefit storage and maintenance companies. It also indirectly benefits developing countries that are able to buy these idle aircrafts for a fraction of their previous market value. – YaleGlobal

Airlines' Unwanted Fleet Grows in the Desert

Edward Wong
Saturday, June 7, 2003

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