Investment key to growth of African, global 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

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%. For example, South African Airways has announced plans to“The growth in Africa reflects an expected expansion of demand. Figures from IATA show that African passenger numbers will nearly double by 2035.

This highlights the magnitude of the setback caused by COVID-19. Additionally, the current global fleet size isn’t significantly higher than the 27,492 aircraft that were in service in 2019. To regain its previous trajectory, the aviation sector will require significant investment, much of which will depend on global economic growth.The forecast identifies several challenges that hinder investment in the aviation sector.

He continues that “rapidly rising interest rates have made borrowing far more expensive than it was pre-pandemic. Mounting inflation, meanwhile, has created significant wage pressure across the industry. In the US, for instance, captains’ salaries at mainline airlines increased by 46% between 2020 and 2023, while those flying for US regional airlines saw their wages rise by 86%.

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