Feature: Replacement options for narrowbody aircraft

AIRFINANCE JOURNAL ARTICLE – PAID SUBSCRIPTION REQUIRED FOR FULL ACCESS
Frank Pray, Awas's chief executive officer, considers what customers really want from airframe and engine manufacturers for next generation aircraft.
When oil prices reached a record high of more than $147 per barrel in July 2008, our passenger and cargo airline customers were suffering under the tremendous economic strain because of their inability to pass on increased fuel costs to the travelling public or to freight forwarders. Since then, the airline and aircraft leasing industry has put significant pressure on the engine and airframe manufacturers to develop new technology aircraft-engine combinations that burn less fuel, or use alternative fuels, to mitigate the effect of future oil price increases.
Even though air travel contributes a modest amount to overall global emissions, the environmental lobby continues to exert pressure for greater reduction in these emissions in conjunction with fuel reduction.
At first these technological and environmental requirements led Airbus and Boeing to commit to about 2017/18 as their entry into service date for a narrowbody replacement. However, this was subsequently revised to......

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