INGLOBAL AEROSPACE STUDY FINDS FUEL COSTS DRIVING AIRLINE EXECUTIVE DECISIONS

A report from CIT group has shown that although airline executives continue to express concern about rising fuel costs, many continue to take a wait-and-see approach towards new aircraft technology. The “2011 Global Aerospace Outlook — Challenges of an Ever-Changing Industry” research report, gathered the views of more than 130 senior airline executives from around the world with fleets of 25 or more jet aircraft. The survey took place during November and December 2010. “Faced with fierce competition and steep fuel prices, airline executives are taking a close look at how they operate,” said C. Jeffrey Knittel, President of Transportation