Soaring oil prices are driving the international aircraft parts market is growing, because the plight of the airlines around the world to reduce the scale of business or liquidating assets. Since the beginning of more than 20 airlines have closed down or filed for bankruptcy protection, glue stick more airlines to reduce their scale of business.
Internet auctioneer, said auctions of idle aircraft parts following the month the incident occurred 911 largest increases. Now the amount of the auction is about 2.5 times a year, certainly within the next 6-12 months more.
In recent days, including aircraft manufacturers, glue gun dealers and rival airlines, including more than 100 buyers will bid online Oasis Hong Kong Airlines Limited (OasisHongKongAirlines) with the components. In the low-cost model is applied to long-haul flights to the efforts fail, the company closed down earlier this year.
Internet auctioneer GoIndustryDoveBid said the auction of more than 1,500 parts may be sold for $ 1,000,000 or more.
Oasis The action once again remind people to sell, the rapid rise in jet fuel prices have resulted in the international aviation industry, what the difficulties.
Since the beginning of this year, more than 20 airlines have closed down or filed for bankruptcy protection, and more airlines are reducing the scale of business. London Alternative Investment Market (AIM) listed GoIndustryDoveBid said, which makes aircraft parts auction idle 911 events occurred following the month in the sharpest rise.
Asia Pacific DoveBid Adrian Pang (AdrianPang) says that today's auction rate is about 2.5 times a year ago. He was the British "Financial Times" said: "The next 6 to 12 months will definitely be more of the auction."
Japan's two largest airline Japan Airlines (JapanAirlines) and ANA (AllNipponAirways) is considering cutting routes. The Qantas (Qantas) is laid off 1,500 people, and give up plans to expand capacity.
Trade associations Aerospace Forum Asia (AerospaceForumAsia) Main Rodriguez (MartinCraigs), said cash-strapped airlines leased from the leasing companies (not buy) the high parts, which resulted in the increase of the auction.
Craigs said: "As with other things, in large part is due by the credit crisis."