The airline industry parked 1,167 aircraft last year "making 2008 the worst year for cutbacks since 2001," according to Ascend. The total number of stored jets is approaching 2,300, representing more than 11% of the global air transport fleet of 20,293, and the number should rise significantly this year as "at least 400 more aircraft are scheduled to be cut during 2009," Ascend's Chris Seymour said. The current downturn is approaching in severity the situation at the end of 2001 when 13% of ...

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