The African Aviation Market will increase by 200 million passengers, to over 356 million by 2038, according to the International Air Transport Association (IATA) latest forecast.
IATA also predicts that over the next two decades, the Kenyan market could more than double in size, resulting in an additional 11.3 million passenger journeys, over 449,000 more jobs and a Ksh1.1 trillion boost to GDP by 2038.
Speaking during the three-day routes Africa 2019 forum that commenced on December 8th, 2019, Raphael Kuuchi, Vice President, Africa, IATA, said Africa’s aviation industry projected growth represents a Compound Annual Growth Rate (CAGR) of about 4.6 % of the continent’s total market size.
Kuuchi further said that routes Africa is critical to the development of air services on the continent and such forums have had a real impact on the region.
Kenya is among the top three aviation markets in Africa where growth is forecast to be the strongest over the next two decades but if the full potential of the industry in Africa is to be realized, airspace in the region needs to be liberalised.