The long wait for new narrowbody aircraft types is an indicator of a bubble market, an analyst said Monday. Speaking at the International Society of Transport Aircraft Trading (ISTAT) Americas 2012 conference in Scottsdale, Ariz., Avitas senior VP Adam Pilarski said this bubble was among the bad indicators for the airline industry market outlook that potentially could lead to a perfect storm situation. “With narrowbodies, if you want to buy a new airplane today you have to wait ...

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