19 June 2014
“The aviation industry is facing an aircraft retirement tsunami,” Richard Brown ICF International Principal told delegates attending the Aircraft Fleet Recycling Association´s annual meeting.
According to the consultant the level of aircraft retirements will reach 1,000 aircraft a year within a decade.
A rapid increase in the number of aircraft reaching the end of their service life is due primarily to cyclical rather than structural reasons, claimed Brown.
“The combination of demographics as aircraft reach the end of their economic life, low interest rates, relatively high fuel prices and the introduction of new models is causing the retirement of unprecedented numbers of aircraft, while new technology and OEM production rates are also exacerbating aircraft retirements,” said Brown.
AFRA has recently worked with the UK Environment Agency in helping them reach a position regarding the treatment of retired aircraft and is fast becoming a preferred reference source on the best environmental practices for end-of-service aircraft disassembly. Established in 2006, AFRA is a not-for-profit industry association with 76 members, from 18 countries whose businesses focus on environmentally responsible management of end-of-service aircraft.
Consultant predicts aircraft retirement 'tsunami'
19 June 2014