Low-cost airlines are always looking for ways to cut costs and operate more efficiently. One of the significant areas they are cutting back is investing in new planes. Here are the several reasons behind it:
1. **High upfront costs:** New planes are expensive. Buying new aircraft requires a significant upfront investment, which can strain an airline’s finances.
2. **Leasing older planes:** Many low-cost airlines are choosing to lease older planes instead of buying new ones. This reduces their capital outlay and allows