Loan and Guarantees Provided by the Government will Assist Fuel of the US Aviation Industry Amidst COVID-19 Pandemic
Published: Oct 2020
The US aviation industry will see the considerable growth of 3.3% during the forecast period. The US is expected to hold a significant market share in the aviation industry. Before the COVID-19 outbreak, the factors that drive the aviation industry in the US were high disposable income, a large proportion of high-income groups coupled with a high number of passengers traveled from airplanes. The airline traffic in the US was plunged by 96.0% year-over-year from April 2019 to April 2020, according to the US Department of Transportation.
Travel Restrictions will Hamper UK Aviation Industry Amidst the COVID-19 Pandemic
Published: Oct 2020
UK aviation industry will see a considerable growth of 3.3% during the forecast period. As the cases in UK rose, the government took drastic measures to contain the COVID-19 pandemic by implementing flight restrictions on import, export, and tourism. Additionally, the travel restrictions on the foreign tourist and canceling visa on arrival further created a downfall in the country’s aviation industry. With the exponential rise in the COVID-19 cases in UK, the airlines have halted their businesses owing to partial or complete lockdown in the various cities.
Impact of COVID-19 Pandemic on the Renowned Airlines of Middle East & Africa Aviation Industry
Published: Oct 2020
The Middle East & Africa (MEA) aviation industry will see a considerable growth of 3.2% during the forecast period. The Emirates Group and Qatar Airways are one of the largest airlines in the Middle East and have gained global prominence in the recent past. The outbreak of COVID-19 affects the company’s operations of these airlines. Qatar Airways suspended all of its flights to and from Italy that was one of the worst-hit countries by the COVID-19.
Continuous Rise in COVID-19 Positive Cases will Affect the Latin American Aviation Industry
Published: Oct 2020
The Latin American aviation industry will see a considerable growth of 2.8% during the forecast period. According to data from the Civil Aviation Authority of Colombia, global passenger traffic doubled in the last 10 years, while cargo traffic increased by 25% in the same period. International institutions such as the ICAO play a fundamental role in the development of a global framework for aviation activity.
Aviation Manufacturing Industry will be Affected in Japan Amidst COVID-19 Pandemic
Published: Oct 2020
Japan aviation industry will see the considerable growth of 2.1% during the forecast period. The technological advancements in the aviation Japan’s sector are presenting various new opportunities for the airline companies to expand their businesses. Additionally, increasing production of domestic passenger aircraft and various finished products including environmentally compatible engines, next-generation supersonic aircraft, safe flight control, and unmanned aircraft in the country will significantly drive Japan’s aviation industry.
Government Support to Indian Aviation Industry Amidst COVID-19 Pandemic
Published: Oct 2020
The Indian aviation industry will see a considerable growth of 4.5% during the forecast period. The recent rise in the COVID-19 cases in India has caused significant turbulence in the Indian aviation industry growth. Furthermore, airline companies are suffering significant losses owing to the pandemic. The COVID-19 pandemic lockdowns have made airline companies fleets grounded.
Huge Loss to Domestic Market Players Amidst the COVID-19 Pandemic will Hamper the Germany Aviation Industry
Published: Oct 2020
The Germany aviation industry will see a considerable growth of 2.6% during the forecast period. Germany has the largest number of flight movements and the second largest number of passenger traffic in 2019, as per ICAO. The air connectivity in Germany grew by nearly 30.0% between 2013-2018, as per IATA. The contribution of the aviation industry to the German economy is significant. The industry supports around 1.1 million jobs and contributes around $85.7 billion to the economy, accounting for roughly 2.5% of Germany's GDP.
Aircraft Manufacturing Hampered the France Aviation Industry Amidst the COVID-19 Pandemic
Published: Oct 2020
France aviation industry will see a considerable growth of 1.7% during the forecast period. With the increase in the number of cases, the number of departures decreased in the country in the past few months. Though, a seamless growth can be seen in the number of departures from June 2020. Moreover, government support and high air traffic in France will expedite the recovery of the aviation industry post the lockdown.
Considerable Impact of the COVID-19 Pandemic on the European Aviation Industry Amidst
Published: Oct 2020
The European aviation industry will see a considerable growth of 2.6% during the forecast period. Europe, particularly Western Europe, is one of the most developed regions across the globe for air transport activity. However, several emerging economies in the east are contributing to the overall growth in Europe, with employment in the European aviation industry expected to grow 2% per annum to 2034, as per Aviation Benefits.
Speedy Relaxation in Domestic Travel will Support China Aviation Industry Amidst the COVID-19 pandemic
Published: Oct 2020
China aviation industry will see a considerable growth of 3.9% during the forecast period. The advancements in the aviation infrastructure of the country had also contributed significantly to the growth of China’s aviation industry. For instance, in September 2019, China started the commercial operation of its Daxing International Airport which is considered as the largest airport terminal across the globe.