The wide-body, long-range jumbo jets are facing tough competition from new age turbofan engine technology. The new mini-jumbo jets with twin-engines and fuel-efficient offer long-haul flight. Relying on these turbofan engined aircraft, many airlines are switching away from the hub and spoke model, which has been more dependent on jumbo jets. Changes in regulations and business dynamics are seeing the days of heavy jumbo jets numbered. Airbus and Boeing suffer from lack of new orders for their wide-body aircraft.

Dec 13, 2015 10:11 PM EST