Oil prices have risen so high they threaten to choke off demand for new aircraft as financially battered airlines hunker down in survival mode. Conventional wisdom has held that more expensive oil bolsters demand for new aircraft by encouraging carriers to replace their older gas guzzlers with new jets that are less costly to operate. But with crude hitting a record $133 a barrel on Wednesday, a London-based team of Credit Suisse analysts concludes that prices have passed the tipping ...
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