Airline Finance News - Africa / Middle East.

 
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New York, Geneva (AirGuideBusiness - Airline Finance News Africa / Middle East) Jan 1, 2012

India and the Middle East Aviation Market Analysis OAG, which collects aviation intelligence, has released the results of the OAG India and the Middle East Aviation Market Analysis. It shows a striking contrast of opportunities and challenges in two of the world's fastest-growing travel markets. With consistently growing demand for air travel, a surge in aircraft orders, steadily increasing inbound tourism, spectacular airport development plans and the enthusiasm of investors for the sector, the Indian and Middle Eastern commercial aviation sectors are expected to achieve overall annual growth of 9 percent and 10 percent, respectively, for several years to come, and together will account for 11 percent of the world's total aircraft deliveries over the next decade. However, both markets face immense challenges in meeting the expected future growth in passengers and aircraft operations, which require massive expansion of infrastructure and high-performing aviation systems. In the Middle East, airlines, airports, and air traffic control will need to successfully serve more than four times the 120 million passengers served this year -- yet even the existing aviation systems do not fulfill current demand. In many Middle East countries, aviation systems' quality and efficiency levels are well below international markets such as Europe and Asia. Heavy regulation also has resulted in limited service in terms of route frequency and destinations, as well as high consumer prices. In India, the government's open-sky policy has attracted many foreign aviation leaders to enter the market, spurring rapid industry expansion boosted by the growing population and an the increased demand for international travel and trade, as well as an increasing VFR (Visiting Friends and Relatives) market. However, airlines must contend with insufficient infrastructure and challenging political bureaucracy. It is estimated that in the next decade the Indian market will absorb approximately 316 commercial jets and need three times the number of airports that it has today, while at the same time the country doesn't have enough skilled labor to maintain or to fly the aircraft. Additionally, intense foreign competition prevents domestic carriers from international expansion, deeply affecting balance sheets. For more information, visit www.oagaviation.com. Dec 28, 2011

Ethiopian Airlines, ASKY Airlines Togo-based ASKY eyes potential investors. Ethiopian Airlines said that Lome-based ASKY Airlines, in which Ethiopian holds a 40% stake, is looking for potential investors to enable the carrier to operate as a...

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