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Tuesday, October 7, 2008
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Where: Aspen, Colorado - St. Regis Resort
Tuesday, October 7, 2008
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Just a brief outline of some of the concepts covered at the Summit:
- Fleets Not Designed For The Mission. At $3 a gallon jet-A, every airliner flying today is functionally obsolete within the current airline operating structure. And fuel is now hovering at 30% above that figure
- Need To Shed Smaller Jets.
Whole fleets of <51 seat airliners will need to get severely reduced. The Boyd Group was the first to forecast this for "regional jets." Agreements with some small jet providers will need to be changed - and soon. That means major shifts in air service patterns. It also indicates much stronger potential demand for 75 - 100 seat jets than previously estimated.
- Outdated Airline Product Execution.
How airlines do business has got to change, and fast. Carriers that can move, quickly and decisively - and in the right direction - will survive
- Near Irrelevance From Capitol Hill.
Politicians are in complete confusion regarding aviation policy. That means the industry must take matters into its own hands. Waiting for the FAA to fix things is as useless as waiting for Elvis to arrive
- Not Necessarily No Air Service. Different Air Service.
Air traffic patterns will dramatically change. That means change, not necessarily disappear. The Chicken Littles predicting dozens of airports losing all service are flat wrong. In fact, they're not chickens. They're parrots, just repeating what they hear. The lack of economically-viable airliners means that hub-reach is going to contract - not eliminate - air service options.
- New Fleet Demands
. If airlines are to return to profitability, fuel consumption will need to be the new metric. That means re-fleeting. How this will affect financial institutions, airports, and suppliers will be a major change from the past.
- General & Business Aviation.
The upper end of the business aviation industry may be somewhat less vulnerable to fuel prices. But the mid range and entry levels are anything but. How this will affect airports will not be pretty.
Location:
St. Regis Resort
315 E. Dean Street
Aspen, CO 81611
866-716-8135
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Where: Orlando, Florida
Tuesday, October 7, 2008
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