Sunday, January 11, 2026
24.3 C
Lagos

Airlines Target 3.8bn Passengers, $2.4tr Revenue in 2O16

The International Air Transport Association (IATA) welcomed partnerships among all stakeholders, including governments, to help aviation fulfil its important role as a catalyst for global economic growth and development.

“Airlines will transport 3.8 billion passengers and 53 million tonnes of air cargo this year. In doing so, they will support some $2.4 trillion in economic activity and some 58 million jobs. In Asia-Pacific, the corresponding numbers are over $700 billion in GDP and 33 million jobs. By 2034, global demand will reach 7 billion passengers, but that demand can only be accommodated through a working together approach by all aviation stakeholders including governments,” said Tony Tyler, IATA’s Director General and CEO.

Tyler made his remarks at the Singapore Airshow Aviation Leadership Summit hosted by the Singapore Government, Experia Events and IATA. He cited the collaborative event as an example of the working together approach. “It’s great that we are looking at the challenges of future growth together with all stakeholders.”

Tyler identified three examples where partnerships are vital to meeting forecast demand for connectivity.
· Safety
· Sustainability
· Infrastructure Development

Safety : “Safety is our highest priority and we are seeing steady progress through our partnership approach involving airlines, airports, air navigation services providers, manufacturers, governments and other stakeholders. If we look at jet aircraft, in 2015 we had one major accident for every 3.1 million flights. That’s a significant improvement on the five-year average (2010-2014) of one accident for every 2.2 million flights. Yet the last two years have also seen events that can only be classified as ‘unthinkable’, including the disappearance of an aircraft, the downing of an aircraft by a missile, and the deliberate destruction of an aircraft by a suicidal pilot. We must add to that the loss of an aircraft in what is suspected of being an act of terrorism.

“There are no simple solutions to the issues raised by these terrible tragedies. But we must honor those who lost their lives, and their friends and loved ones, by re-dedicating ourselves to making flying even safer. Working with our partners in government and industry will drive improvements based on global standards and best practices.”

Sustainability: “Environmental sustainability is our license to grow,” said Tyler. The aviation industry has adopted a four-pillar strategy based on technology, operations, infrastructure, and market-based measures to address its CO2 emissions, and has adopted ambitious carbon reduction targets:
· A 1.5% annual average improvement in fuel efficiency to 2020
· Capping net carbon emissions with carbon-neutral growth from 2020
· Cutting net carbon emissions in half by 2050 as compared to 2005 levels

“We are seeing success through our partnership approach. Fuel efficiency is improving around 2% a year. Sustainable fuels for aviation have matured with the knowledge that they are safe and effective. And earlier this month a CO2 standard was agreed that will institutionalize the continuous technical improvements that come with every new generation of aircraft and engines. Now we need governments to step up at the International Civil Aviation Organisation (ICAO) Assembly this autumn to agree a mandatory global carbon offset scheme to be in place in time for 2020. Our membership is doing all it can to provide support to this bold initiative.”

Infrastructure Development: “We will add 3.2 billion new air travelers in less than two decades. Of these, 1.8 billion—56%-will be in Asia-Pacific—the vast majority on routes linked to China. If we can realize that growth potential, then jobs and economic activity will follow. By 2034, aviation in the region could be supporting over 70 million jobs and some $1.3 trillion in economic activity. But that’s dependent on the industry having sufficient infrastructure,” Tyler said.

Tyler said that many governments in the Asia-Pacific region value highly the economic contribution of connectivity enabled by aviation and work to sustain it.

However, Tyler cautioned that “it will be a challenge to keep up infrastructure development in line with growing demand—and to ensure that that skies can still operate efficiently as the industry grows. The Gulf hubs already face a similar challenge where much more co-ordination in airspace management is needed. Europe probably faces the greatest risk. Air traffic management is an expensive and disjointed mess as a result of governments’ protection of narrow domestic interests at the expense of Continental success. Moreover, a Euro-control study estimates that European airports could also face a capacity crunch—with a 12% shortfall against demand by 2035.”

spot_img
spot_img
spot_img

Hot this week

GCR Upgrades NEM Insurance Rating to AA+ on Sustained Profitable Growth, Stable Outlook

GCR Ratings (GCR) has upgraded NEM Insurance Plc’s national...

A Rejoinder To ‘Bola’s Tax’: When ‘Simple Logic’ Becomes Simple Misdirection

  Dr. Zacch Adedeji Executive Chairman FIRS By Tanimu Yakubu THE essay you circulated...

Tinubu Applauds NGX N100tn Milestone, Charges Nigerians to Invest More Locally

President Bola Tinubu has praised corporate Nigeria, citizens, and...

Topics

Fidelity Bank MD Not Part of Woobs Case

Reports published by Sahara Reporters on June 25 claimed...

THE MERCURY DEBATE: WHO Welcomes International Treaty on Mercury

The World Health Organization (WHO) welcomes of the approval...

Great Nigeria Insurance Restates Commitment to Exceptional Client Services

Great Nigeria Insurance Plc has reiterated its commitment to...

NAICOM Approves Ademola Abidogun as Guinea Insurance CEO

The National Insurance Commission (NAICOM) has approved the appointment...

Women in Insurance Seeks Gender Parity to Boost Africa’s Economy

L-R: Bunmi Adeleye, Corporate Services, Leadway Assurance, Moderator; Seyi...

CBN, NDIC Re-affirm Commitment to Financial System Stability

The Governor of the Central Bank of Nigeria (CBN),...

Stanbic IBTC Pension Facilitates Home Ownership for RSA Holders

Stanbic IBTC Pension Managers, Nigeria’s leading pension fund administrator...

Verve Rewards 600 Customers in Good Life Promo

Africa’s leading payment technology and card brand, Verve International,...
spot_img

Related Articles

Popular Categories

spot_imgspot_img