Oil prices, like elections, have consequences. When oil prices rose steadily and dramatically from 2000 to 2008, airlines and their suppliers scrambled for ways to deal with much higher fuel costs, and the prime solution was more efficient engines. Engine OEMs developed next-gen powerplants based on new technologies and materials. But oil prices plummeted after 2014, coinciding with a continued recovery from the 2008-2009 recession. So older aircraft and engines stayed in fleets much longer ...

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