Published online by Cambridge University Press: 04 July 2016
In any industry, success calls not only for a tool which is well adapted to its purpose, correctly maintained and efficiently used, but also for a tool which is unsurpassed by a better one.
This is also true of air transport. C. R. Smith (President, American Airlines Inc.) noted some time ago that an aircraft ceases to be efficient as soon as another aircraft becomes available that can do its specific job better. This axiom places emphasis on the selection of aircraft as one of the primary elements of success for airlines which, in order to survive economically, must have available the right number of aircraft of the right type at the right moment.
This is the result of two essential characteristics of air transport: intense competition and marginal profits.