Planemakers can't build them but airlines can't stop buying them.
are totting up billions of dollars of new orders stretching beyond 2030 amid a rebound in air travel.and a new national airline in Saudi Arabia, a handful of carriers have placed firm or provisional orders for 700 jets.on Thursday that it plans to order 600 jets in June spells what would be the fourth mega-deal in a few months - upstaging Air India's record order for 470 Airbus and Boeing jetliners.
That would intensify a battle for connecting traffic between Istanbul's hub and rival centres in Europe and the Middle East.U.S. industry analyst Richard Aboulafia highlighted its timing - days before Turkey's May 14- and noted the weight simultaneously being given to strategic aerospace projects including a fighter, attack helicopter and drones.
Regardless of the scope or timing, however, analysts said Turkish Airlines' announcement marked a strong statement of intent as carriers that survived the pandemic fight for market share without waiting for global supply chains to stabilise.Istanbul, where President Tayyip Erdogan opened a new $12 billion airport in 2018, is seen by many as a geographically efficient location to challenge major hubs in Dubai and Doha.
The risk, a senior industry source warned, is that multiple airlines are buying planes to try to serve the same travel demand. The resulting overhang could trim profits more broadly. Only airlines with strict control of costs or strong political support can afford such exposure, experts said.Critics say ordering planes so far ahead risks diverting attention from a new generation of single-aisle jets, which are expected to become available from the mid- to late 2030s.
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