Firstly, as many of you would have noticed already, the recent weakness of oil futures is giving way to rising prices. WTI spot prices are at $96.93 while Brent Crude continues solid gains of the past week or so currently at $116.29. It is going to be a hard September. But the real story here for aviation is simply one of refining capacity. As manufacturers push out aircraft at ever increasing speeds someone somewhere has got to start increasing jet fuel refining capacity to match this expansion of fleets, especially in the APAC region. The Indian law ministry is still
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