The paper shows that it is all because of all such various factors, it is considered that the airline industry is a vibrant and unpredictable industry. As this industry has been really dynamic of late, it has been considered by many airline service providers to alter their performance style into a private management style rather than the earlier government interfering style. (The Global airline industry program)
To respond to the dynamic nature of the airline industry, many airline service providers have followed a low-cost strategy and to be able to apply this low-cost strategy, fleet planning strategies have been followed. In order to implement a successful fleet planning strategy, companies have focused on four different issues:
Costs are a major factor that enables a company to earn profits. If the costs are controlled properly, higher profits would be earned. In recent years, costs have been an important aspect of a company’s success. The knowledge and control of the costs provided by the latest aircraft models, engines and fleet universality are an important aspect in the assessment of future fleet necessities.
Demand in the market is another aspect that ascertains the requirement of the fleet for a company. The general demand by the customer regarding the services provided and the fares offered would also be necessary for ascertaining the appropriate fleet for a company.
The biggest revenue/cost saving of adding more aircraft of the same type is the compatibility and similarity, for example, Airbus in marketing their Aircraft claims that communality exists between their aircraft and the of having a fleet of different type sizes of aircraft from Airbus would:
Since the systems are similar and properly use the same tools and procedures for maintenance or even operation such as refueling, or baggage handling, that would have a big effect on the .operational costs.