Airlines storing their planes in cheaper, rural locations due to COVID

The aviation industry is struggling due to the pandemic, with many airlines seeking storage for their planes at facilities like Skyline Arrow at Cotswold Airport. The demand for storage has surged, while the parts industry has seen a significant decline in inquiries. The pandemic may permanently alter the aviation landscape, with predictions of many airlines facing bankruptcy. The future remains uncertain as the industry grapples with these challenges.

Why are airlines increasingly seeking storage for their planes during the pandemic?

• Because it is cheaper than keeping them at major airports

• Due to an increase in air travel

• To avoid maintenance costs

• To upgrade their fleet

What has happened to the demand for aircraft parts during the pandemic?

• It has increased for routine components

• It has decreased by about 90%

• It has remained stable

• It has increased significantly

What is one of the predictions for the aviation industry due to the pandemic?

• New airlines will emerge

• Air travel will become more expensive

• Many airlines may go bankrupt

• All airlines will recover quickly

How many airlines are predicted to potentially go bankrupt by June?

• 200 to 300

• 100 to 200

• 400 to 500

• 600 to 700

What is the current state of the aviation industry according to the transcript?

• It is expanding rapidly

• It is unaffected by the pandemic

• It is facing a crisis and may change permanently

• It is thriving and profitable