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Investment key to future growth for global, African aviation

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The Nation Newspaper 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.

 

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