Hong Kong, April 13 -- The COVID-19 pandemic has hit airlines hard on the financial front but also has landed them with another major problem: where to park all the aircraft they have had to ground. There is not enough space for them all, even at big hub airports. Travel industry data and analytics specialist, Cirium, said in one 24-hour period last month nearly 800 additional aircraft were grounded, bringing the total jets taken out of service in the face of disappearing demand to around 7,000 across the globe.
The rate of contraction of the global in-service passenger jet fleet continues to accelerate unabated, it said, with the number of grounded airplanes increasing even more as major airlines continue to suspend flights.
Cirium's upd...