For the first time in our history, more than two-thirds of the world’s commercial aircraft have been grounded. Planes are not made to sit idle for a long period of time, thus presenting new maintenance and operational challenges. Moreover, some fleets of larger and older aircraft are facing early retirements.
AeroDynamic Advisory’s managing director Kevin Michaels joined CNBC to provide insight on the routine maintenance idled planes require, what companies are doing to ensure the planes are taken care of, and what the future of the parked fleet could look like over the next few years.
