Alton Aviation Consultancy predicts APAC’s airline industry rebound by 2024, highlighting growth opportunities in China and India.
SINGAPORE – The pandemic is now in the rear-view mirror for the Asia Pacific (APAC) region as it is expected to surpass 2019 baseline travel demand in 2024. The story is now one of growth, with China and India being the key markets of focus, according to a new report from Alton Aviation Consultancy.
The global aviation advisory firm released its latest whitepaper, Asia Pacific’s Flight Path: Seizing Opportunities in an Evolving Landscape, offering detailed insight into the current airline industry performance, as well as the opportunities and challenges that exist in the APAC region.
The report outlines factors that have slowed growth in the region, including delays in returning aircraft into service and sky-high airfares which have reduced international demand. While APAC…
