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%.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

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

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,
مصدر: GuardianNigeria - 🏆 1. / 94 اقرأ أكثر »

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
مصدر: GuardianNigeria - 🏆 1. / 94 اقرأ أكثر »

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
مصدر: GuardianNigeria - 🏆 1. / 94 اقرأ أكثر »

Investment key to future growth for global, African aviationThe Nation Newspaper Investment key to future growth for global, African aviation
مصدر: TheNationNews - 🏆 6. / 69 اقرأ أكثر »

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
مصدر: PremiumTimesng - 🏆 3. / 78 اقرأ أكثر »