Airplanes and oil prices
While those of us in the cheap seats uniformly cheer for low oil prices because, well, we can buy more gas and fly more, what if the reverse were true? What if anemic oil prices are the cause of declining aircraft sales? Writing this week in Aviation Week, the Teal Group's Richard Aboulafia made this very argument, albeit one that applies to high-end business aircraft. Transposing the curves of global oil prices over those of business aircraft sales, Teal finds a fit.
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