Boeing 747-400 Prices Tumble as Fuel Costs End 23-Year Reign – Bloomberg 06-13-12

Carriers are rushing to buy newer and more fuel-efficient aircraft.

Newer aircraft use less fuel because more efficient engines and use of lightweight materials.

Teal Group’s Richard Aboulafia says the market for large aircraft in general is disappearing fast.

Read the full article at http://www.bloomberg.com/news/2012-06-13/boeing-747-prices-tumble-as-higher-fuel-costs-end-23-year-reign.html