In less than a year, the global aviation industry has gone from near annihilation to exuberant enthusiasm. Fleet groundings and huge losses have given way to massive profits, and airlines are outdoing one another with record orders.
The industry’s newfound swagger was on full display Monday, when Indigo agreed to buy 500 Airbus SE jets, eclipsing a record set only months ago by Air India. Those add to huge purchases by Ryanair Holdings Plc and Saudi startup Riyadh Air earlier this year, with announced deals approaching 1,500 aircraft.
But while one group of executives flex their corporate muscle, other industry veterans warn that the market is showing signs of overheating.
