Investment key to future growth for global, African aviation

The aviation sector’s recovery from COVID-19 has been remarkable, with revenue passenger kilometres and available seat kilometres reaching close to pre-pandemic levels, according to the International Air Transport Association .

In Africa, the fleet is expected to grow about 25% by 2034, reaching over 1,400 aircraft. The largest growth is projected to occur between 2029 and 2034, with a CAGR of 2.7%. But while the global and African numbers reflect growth, they fall short of pre-pandemic predictions. Before the pandemic, it was anticipated that the global aircraft fleet would reach 36,000 by 2030.

The industry must modernise and optimise production along the supply chain, while the MRO support network faces similar challenges in keeping aircraft operational.

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

EU commits €150b investment in African trade, transport infrastructureThe European Union (EU) Commission has unveiled plans to invest significantly in trade and transport infrastructure across West Africa,
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Nigeria, other African nations secure only $13.7bn of $150bn gas investmentNigeria and Global News
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Ex-Fed boss, Osinbajo advocate investment in African infrastructureParticipants at the 2024 African Export-Import Bank (Afreximbank) yearly general meeting, held in Nassau, Bahamas have advocated investment
Source: GuardianNigeria - 🏆 1. / 94 Read more »

Ferguson, Osinbajo call for African infrastructure investment to boost global presenceParticipants at the 2024 Afreximbank annual general meeting in Nassau, Bahamas, have called for significant investment in infrast
Source: GuardianNigeria - 🏆 1. / 94 Read more »

African Natural Resources and Energy Investment Summit, AFNIS 2024, holds in AbujaThe summit, with the theme ‘Natural Resources for Economic Development,’ will hold from 16th to 18th July, 2024 at the State House Conference Centre, Abuja, Nigeria
Source: PremiumTimesng - 🏆 3. / 78 Read more »