3. Aircraft Markets May Be Oversupplied for Sometime
Before Covid 19 aircraft manufacturers increased production of aircraft increased growth. This has led to a glut in the aircraft market. Some airlines have returned new aircraft to lessors such as the Norwegian Air shuttle when it exited the long-haul market. Prices of used aircraft leases have plummeted. And are likely to remain low.
Air Carriers can think of looking for aircraft deals now while demand for aircraft is low. This can make carriers enjoy cost advantages for many years. This has arisen from aviation changes due to COVID-19.
