MARANA, Arizona – "Old jets come here, empty engine pods shrink-wrapped in white, tall red tails fading to pink in the desert sun. More will come soon. Some will never fly again."
"Eventually, some will be sold, some scrapped, some will sit at desert facilities in southern California, Arizona, and New Mexico. But at the moment, their number is growing faster than expected. The banking crisis has made it very difficult to get loans to buy aircraft, and the drop in commodity prices has gutted their scrap value."
(Continued here).
Sunday, April 5, 2009
Peak Oil Financial Crisis: "Shrinking airlines park more planes in the desert," By Joshua Freed, Associated Press, April 4, 2009
Posted by
Clifford J. Wirth, Ph.D., Professor Emeritus, University of New Hampshire
at
Sunday, April 05, 2009
Labels:
airlines,
financial crisis
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment