High flight prices are set to continue due to a lack of new aircraft and more stringent environmental demands, a leading aviation lawyer has predicted.
Manufacturers are struggling to keep up with demand for new, fuel-efficient airliners (Credit: iStock / The Palmer)
Clyde & Co partner Richard Mumford said airlines were struggling to secure newer, cleaner aircraft with which to expand. “The problem is there are not enough of them,” he told the Abta Aviation Forum in London on Thursday (3 April).
This, he said, also meant older, less fuel-efficient aircraft were being kept in service longer, and that with high demand and low leasing costs, airlines were currently very profitable.
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