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Aviation Festival Africa 2017 in association with AASA
June 20, 2017. Johannesburg. The Aviation Festival Africa 2017 was held at the Sandton Convention Centre in Johannesburg from 13 to 14 June, in association with AASA and the Commercial Aviation Association of Southern Africa (CAASA).
The Aviation Leadership Panel included AASA's Chief Executive, Chris Zweigenthal - the moderator; and Alexander Nwuba, Managing Director and CEO of Smile Air, Ghana; Derrick Luembe, Director of Operations at Fastjet; and Marcel Langeslag of Netherlands Airport Consultants (NACO) - the panelists.
Chris Zweigenthal shared his thoughts in a presentation entitled: “Putting Africa’s aviation industry on the map.”
Highlights and key points include the following:
- Africa occupies 20% of Earth’s land mass
- 12% of world’s population
- Africa GDP outlook average at 4.5% p.a.
- 9 of top 20 fastest growing economies in Africa
- 2.5 to 3% of global passenger business in Africa
- Over 200 airlines in Africa
- 35 IATA Airlines out of total of 265
- IATA Airlines
IATA global projections:
- 2017 : $31.5 billion profit
- 2016 : $36.5 billion profit
- Regional Profitability: Africa
- 2016 : Africa airline losses: -US$ 800 million
- 2016: SADC region airline losses: -US$ 390 million
Many African airlines complain about the influx of international airlines and increasing frequencies into many destinations in Africa. 18% of international traffic is carried by African airlines and 82% is carried by International airlines...if global traffic grows at 6% per annum and Africa was to achieve 12% market share, traffic would need to grow at 27% per annum for 10 years, and to achieve half that target, i.e. 6% market share, traffic would need to grow at 18% per annum for 10 years.