Without a doubt the Asian-Pacific market continues to be one of the fastest growing aviation markets globally.
Asia-Pacific passenger traffic is forecast to grow at 5.7% (CAGR). Traffic within the Asia-Pacific region will represent 31.7% of global passengers in 2017 (IATA PR NO 67)
This has been driven by Asia’s fast growing economy and market liberalization, giving airlines opportunities to expand into new and emerging markets.
As a result Low Cost Carriers (LCCs) have come to dominate this market growth.
LCCs now account for only 15% of the region’s fleet and slightly over 20% of seat capacity but approximately 50% of orders. Ten years ago LCCs accounted for only about 2% of total capacity in Asia-Pacific. CAPA
LCCs have stimulated demand from the emerging business travel market by offering cut cost fairs and growing accessibility.
It is expected that this economic growth will continue to rise over the next 20 years alongside the demand for new airplanes, with Boeing predicting the need for 13,460 new planes with this figure tripling by 2033.
As air traffic and passenger numbers rapidly rise so does the need for regulatory oversight and capability. The management of safety in terms of maintenance, operation, training and control will be crucial, especially at a time when all eyes are on the aviation industry following such a devastating year of disasters.
The tragic losses just within Asia, 5 incidents over the last 12months, only goes to highlight the struggle the market is currently facing to cope with this overwhelming growth.
At the end of last year Indian airlines received a category downgrade from the US Federal Aviation Authority (FAA), subject to review, which meant they were prohibited to launch any additional flights to the US due to a lack in safety oversight capability.
More recently Thailand’s aviation sector has come under scrutiny, resulting in flights again being restricted, after an international audit flagged concerns about aircraft maintenance and pilot flight hours falling in breach of the International Civil Aviation Organisation’s standards.
With the future of the aviation market predicting sustained long term growth what can be done to increase performance and safety?
It would seem crucial, especially for the LCCs, to be up to date with the latest technology, have plane tracking and collision avoidance systems along with more efficient air traffic control.
High quality industry standard training for pilots and maintenance staff to create a consistent standard along with the ability to measure and manage technical competency and compliance against regulation standards would help to go some way to securing a safer future for the aviation market everywhere.
At ELMS we are looking to provide an aviation competency system which will allow airlines, organisations and individuals to share and manage their skills, training and overall competency and seek further high quality training. Organisations will be able to quickly manage and audit their database of staff reducing administration time and freeing up resources.
To learn more about how ELMS can benefit you please have a look at some of the key features.