While the high price of fuel may be turning most operators to newer, more efficient equipment, others are finding that the continued weakness of the dollar, combined with low capital cost, is making out of production widebodies still attractive. Twenty years ago, an oil price spike to nearly $50 a barrel would have prompted an economic downturn and the likely collapse of a number of major carriers. Older aircraft types, featuring inefficient power plants, would have been almost immediately parked and newer equipment utilized more widely. Values of older widebodies would have faced an immediate sharp decline.
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