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With the Latin American countries to boost their economies above the world average rate, the region’s air traffic is no exception – according to Airbus, by 2030 it is expected to be subject to the forecasted 6% annual growth. Meanwhile, the region’s airline industry may face development-related obstacles since some local airlines nowadays are forced
In February 2012 the Estonian flag carrier – Estonian Air – announced its full aircraft fleet renewal, shifting from multi-type to single Embraer E-jets series fleet. The national carrier of the neighbouring Latvia – airBaltic – has also spoken about the plans to send all of its remaining Fokker 50s to retirement by the end
According to the latest ACI Europe airport review, the Baltic States are among the fastest growing passenger markets, with 38,7% and 28.4% year-to-year passenger increase at Vilnius and Tallinn airports respectively. Should the figures keep rising in the future, regional carriers will naturally increase the number of both flights and routes. However, with more flight
According to AeroStrategy, the total amount of aircraft inventory in the industry is worth over $47 billion reaching the overall value of the entire MRO services’ market. The major portion of the inventory is airline-owned, proving that carriers prefer to maintain fully equipped own stocks, rather than acquire spare parts in case of need. But
In the end of 2011 Rubicon Diversified Investment along with easyGroup has revealed the plans to launch a new low-cost airline, which would serve regional hubs in Africa. With an average forecasted annual passenger growth of over 6%, Africa shows great aviation development potential. Unfortunately, many local start-ups in the industry are still short-lived. According
Global $49.5B MRO industry is expected to grow to $68.4B over the next 10-year period. According to the forecasts of aviation experts, engines and component segments are expected to maintain the highest growth rate. Despite these optimistic expectations, the Western World is still struggling to recover economically. Forming new business relationships with partners and setting