High fuel prices could make faster product turnover more likely
Are higher fuel prices a blessing for aircraft manufacturers and, maybe, for airlines? They are if they prompt technology improvements that bring long-term savings. At Eaton, the big bet is that there will be even faster turnover of airline fleets than historic averages. The fundamentals behind aircraft orders are rising GDP levels in emerging economies and new freedom—even encouragement—in those areas for people to travel. But the imperative that fuel prices will remain high is what ...
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