Oil prices highlight aftermarket pressures
from Aviation Week
New instabilities in the Middle East triggered events that reveal immediate pressures on the aviation aftermarket. On Jan. 31, oil prices hit $100 per barrel for the first time since 2008, soaring on word of protests in Cairo's Tahrir Square. This sharp increase sent international jet fuel prices up to more than $115 per barrel, with those in the Northwest Europe market peaking at just over $120 per barrel. When fuel prices belled two years ago, airline cost-cutting behaviors put new stresses on aircraft maintenance providers.
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