Analyst Estimates 1000 Aircraft A Year To Leave Service By 2023 | Aero-News Network
Aero-News Network
RSS icon RSS feed
podcast icon MP3 podcast
Subscribe Aero-News e-mail Newsletter Subscribe

Airborne Unlimited -- Most Recent Daily Episodes

Episode Date

Airborne-Monday

Airborne-Tuesday

Airborne-Wednesday Airborne-Thursday

Airborne-Friday

Airborne On YouTube

Airborne-Unlimited-05.13.24

Airborne-NextGen-05.07.24

Airborne-Unlimited-05.08.24 Airborne-FlightTraining-05.09.24

Airborne-Unlimited-05.10.24

Fri, Jun 20, 2014

Analyst Estimates 1000 Aircraft A Year To Leave Service By 2023

ICF Says An 'Aircraft Retirement Tsunami' Is On The Horizon

"The aviation industry is facing an aircraft retirement Tsunami," Richard Brown ICF International Principal told delegates attending the Aircraft Fleet Recycling Association's (AFRA's) Annual Meeting, taking place in Washington. According to the consultant the level of aircraft retirements will reach a stunning 1000 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.

Julie Felgar, Boeing Commercial Airplanes, Managing Director of Environment Strategy, told AFRA delegates that a "wave of aircraft retirements is coming," with 41 percent of today's fleet leaving service in the next 20 years as airlines procure more fuel-efficient airplanes.

"There is a significant opportunity for companies to dismantle and recycle these retired airplanes to the highest standard rather than parking them in the desert," Felgar said. "This is one of the reasons that AFRA's Accreditation process is becoming the industry standard of choice, as it is a recognised guarantor of quality service and sustainable environmental best practices for aircraft dismantling and recycling."

"We have had some success in strengthening industry recognition of AFRA's Accreditation," said Martin Fraissignes, AFRA's Executive Director. "The broader aviation community, OEMs, airlines and lessors have indicated in aircraft disassembly tender documents that they look favourably on applicants conducting teardowns to AFRA standards. But we still have work to do, to ensure that AFRA Accreditation becomes the industry standard."

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.

FMI: www.afraassociation.org

Advertisement

More News

Bolen Gives Congress a Rare Thumbs-Up

Aviation Governance Secured...At Least For a While The National Business Aviation Association similarly applauded the passage of the FAA's recent reauthorization, contentedly recou>[...]

The SportPlane Resource Guide RETURNS!!!!

Emphasis On Growing The Future of Aviation Through Concentration on 'AFFORDABLE FLYERS' It's been a number of years since the Latest Edition of Jim Campbell's HUGE SportPlane Resou>[...]

Buying Sprees Continue: Textron eAviation Takes On Amazilia Aerospace

Amazilia Aerospace GmbH, Develops Digital Flight Control, Flight Guidance And Vehicle Management Systems Textron eAviation has acquired substantially all the assets of Amazilia Aer>[...]

Hawker 4000 Bizjets Gain Nav System, Data Link STC

Honeywell's Primus Brings New Tools and Niceties for Hawker Operators Hawker 4000 business jet operators have a new installation on the table, now that the FAA has granted an STC f>[...]

Echodyne Gets BVLOS Waiver for AiRanger Aircraft

Company Celebrates Niche-but-Important Advancement in Industry Standards Echodyne has announced full integration of its proprietary 'EchoFlight' radar into the e American Aerospace>[...]

blog comments powered by Disqus



Advertisement

Advertisement

Podcasts

Advertisement

© 2007 - 2024 Web Development & Design by Pauli Systems, LC