Bruce Andrews, partner, and Joseph Lakaj, analyst, at Alderman and Company say the need to keep older aircraft flying means value isn’t just found ‘under the hood’
Global demand for air travel has been increasing significantly for the past few years, with record highs being hit in 2024.
However, all this growth is not worth celebrating just yet, as airlines are trying to manage this growth alongside their aging fleet.
Delays in deliveries from major manufacturers Boeing and Airbus have led to airlines seeking different avenues to maximise the value of their existing fleets, as the average age of the flying commercial aircraft fleet has reached an all-time high of 14.4 years.
Instead of relying solely on new aircraft, airlines are investing heavily in cabin upgrades and component replacement to enhance the passenger experience, improve operational efficiency, and extend the…
