BUSINESS CURVE
As on today the business curve in commercial aviation is extremely dynamic.
SP’s Aviation (SP’s): How do you perceive the performance of business in the following sections of civil aviation? a. Mainstream airlines’ operations? b. Regional connectivity operations? c. Business and General Aviation?
Gerald Steinhoff (Gerald): Let us focus on Asia Pacific. It is one of the fastest-growing markets in the world mainly pushed forward by Tourism, which plays an important role creating demand and growth and has a variety of strong economic impacts for many industries. Civil aviation is one. The APAC market is diverse; it varies from legacy carriers to a lot of LCCs and start-ups, subject to regional demands. MRO business mainly depends on airlines’ growth, while at the same time airline business has a tight correlation to economic performance of regional tourism- as for example air traffic passenger demand. How dynamic the business in commercial aviation is, can clearly be seen under the extraordinary current circumstances.
Regarding business and general aviation, the growing demand of corporate users and offerings of charter services have led to a significant business growth in recent years, such as Hong Kong and China. However, it requires a lot of infrastructure to support the business sustainability.
INVESTMENTS & INNOVATION
The MRO industry is highly competitive, especially in Asia. Singapore, Indonesia, Thailand and Vietnam are each expanding their own capabilities to compete with the more established providers in Hong Kong, Japan and even China.
This story is from the April 2020 edition of SP’s Aviation.
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This story is from the April 2020 edition of SP’s Aviation.
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