PREVIOUS aviation crises have accelerated the entry of new carriers with new operating models into new markets. That hasn’t happened with the Covid catastrophe - yet. The key elements for start-ups are in place: 1. Second-hand values and lease rates at least 40% below prepandemic levels. 2. Deals to be done with the OEMs and lessors, especially for latesttechnology types like the A321 and the 737 MAX, with early delivery possibilities. 3. A large pool of unemployed pilots and engineers. 4. Slots potentially available at congested airports. 5. Willingness or desperation of airports to strike favourable deals. 6. Incumbents severely weakened and over-laden with debt.
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