Support Levels, page-151

sounds like a sales pitch opportunity for cost saving cvm

"Last week, two of the largest European airline companies -- British Airways parent International Airlines Group (IAG) and Deutsche Lufthansa (NASDAQOTHLAKY) -- announced plans to reduce their aircraft spending. Under pressure due to high labor costs, the strong dollar, and vicious competition from budget carriers, both companies want to save money by keeping older planes in service while bringing in some used aircraft.

Spohr explained that the combination of low fuel prices, new programs to extend the useful lives of existing aircraft, and good availability on the used aircraft market makes it a great time to pivot away from buying new aircraft. He said that Lufthansa was particularly interested in buying used aircraft for short-haul routes.

Meanwhile, at an investor meeting on Friday, IAG announced plans to reduce capital spending over the next five years by 1 billion euros. It will do so by extending the lives of the British Airways Boeing 747 and Boeing 777 fleets, squeezing in 52 more seats on some 777s that will be used for leisure routes from Gatwick Airport and buying more used aircraft -- for both short-haul and long-haul routes."

http://www.********/investing/2016/11/07/will-boeing-and-airbus-suffer-as-european-airlines.aspx