The airline with the world’s youngest fleet is “Norwegian Air Sweden” which operates a small fleet of 5 aircraft with an average age of 0,74 years. Mr. Jaeger further elaborated on Europe’s youngest airline fleets: “We found the interesting phenomenon in Europe where the youngest fleets belong to airlines operating as branded, in-house subsidiaries of larger airline groups. The airline with the youngest fleet in Asia is Saudi low-cost airline “flyadeal” which operates a fleet of 12 aircraft with an average age of just more than a year.