Southeast Europe Aviation Summit 2016 was a resounding success. Aviation industry keeps on growing, and so are we.
Before we welcome you in Belgrade on March 8-9, let’s take a look at key takeaways from the last summit.
Aviation industry keeps on growing
A new, record 4.1 billion passengers were carried by the aviation industry on scheduled services in 2017 which indicates 7.1% annual increase, according to ICAO preliminary findings. However, no matter how impressive number of the passengers travelled in 2017 is, the world keeps being in dire need of more connections and every day more passengers travel. Boeing recently estimated that more than 80% of the world’s population has never taken even a single flight, so it’s not hard to imagine how much more aviation is going to keep on growing.
In Southeast Europe projections are even more positive. Jakob Funkenstein, Regional Director, Marketing, at Boeing Commercial Airplanes, unrevealed at the SEAS16 that CAGR (compound annual growth rate) of the commercial aviation in Southeast Europe is above European average. Uneven economic growth remains the greatest challenge industry faces, not just in the region but around the world. Economy growth and aviation growth remain interconnected.
Emergence of the new business models
Keynote speaker at SEAS16, James Hogan, who stepped out of his duty of PCEO of Etihad Aviation Group last year described the aviation business: „Aviation is unique sector because it is industry that is impacted by so many factors outside your operational control. There is so many factors that restrict your ability to re-engineer“.
High cost of entry and maintaining the position in the terms of investment and increasing regulatory standards, make typical aviation ventures obsolete and new business models are emerging. Air Serbia, Serbian national carrier, has also recently started the journey of restructuring into a more hybrid model, proving that the line between legacy carriers and LCC is becoming thinner with time. Not just that, LCCs are not exempt. They are also looking to find new ways of sustaining and expanding.
“This conference is the opportunity to understand different models; to understand the issues of the region, and when you are sitting in the region you have the outstanding case study”, said Hogan in his keynote address.
Technology is a way to go forward
The future of aviation is in data exchange and putting technology solutions into application to secure more growth and to accommodate increasing demand for air travel.
„Just look how fast technology changes. We have no time to stop, no time to ponder, we are moving toward one direction and all the time making the corrections on that way. So we might be a bit meandering but direction is one. We have to squeeze more traffic into the same volume of airspace, and we have to do it safely and of course everybody needs cheaper. We have to achieve that somehow and that’s where, again, technology gets in“, noted Alexander Zarbov, BULATSA, during the panel at SEAS.
ANSPs (Air Navigation Service Providers), airlines, airports, and all the supporting aviation industry is continuously adopting new technologies and new solutions for seamless and sustainable air travel.