Aircraft mega-deals prompt bubble warning from industry veterans

While one group of executives flex their corporate muscle, other industry veterans warn that the market is showing signs of overheating

People view exhibits at the Paris Air Show in Le Bourget, north of Paris. Picture: AP Photo/Lewis Joly

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 this week, when IndiGo agreed to buy 500 Airbus jets, eclipsing a record set only months ago by Air India.