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Covid impact: With airline fleets grounded, recyclers bet on parts boom

Canada's Aerocycle is bidding to buy grounded planes for the first time to dismantle and resell for parts, instead of just recycling aircraft

airlines | Aviation sector | recycling

Reuters  |  MONTREAL 

By Allison Lampert MONTREAL (Reuters) - As COVID-19 grounds swaths of airline fleets, companies that profit off the dismantling and trade of aircraft parts are seeing early signs of an expected rebound in activity as carriers accelerate plane retirements. While companies that store, dismantle, and buy and sell used aircraft parts see opportunity in parked planes, a sudden increase in the supply of used parts risks depressing prices in the estimated $3 billion a year industry, despite demand from airlines seeking to lower maintenance costs, executives and analysts say. Even as ...

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First Published: Sun, September 13 2020. 12:56 IST