RE: Vel5 May 2021 17:38
That's the most interesting part ( for us):
Flying aeroplanes, or even building them, isn’t the only way to make money from air travel. Even those airlines that decide to upgrade their fleet still need to make sure that their aeroplanes are regularly maintained to a very high standard. Indeed, Aviva’s Giles Parkinson notes that since cutting corners in this area can lead to disaster, airlines are willing to pay large sums of money to ensure that any problems are spotted immediately and that spare parts have a high degree of reliability. As a result, the handful of companies permitted by regulators to carry out checks can make a lot of money from their captive customer base.
Another niche area likely to receive more attention from all part of the industry in the future is hygiene. In the past, price-conscious consumers were willing to accept that they would be exposed to other people’s germs, with catching the occasional cold or flu considered as much a fact of travel as jet lag.
However, Covid-19 has changed all that, with airlines forced radically to increase their level of cleanliness, says Frank Holmes. The last time he flew on a plane he was pleasantly surprised by the fact that it was “cleaner than any supermarket”. Already the big manufacturers, such as Boeing and Airbus, are working on systems to improve the quality of recycled air. I look at the best ways to invest in the airline industry’s future in the box below.