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(USGovernment-News.Com, September 03, 2018 ) The air transportation industry uses aircraft, such as airplanes and helicopters to provide air transportation services of passengers and/or cargo. It includes services offered by both scheduled and nonscheduled air carriers, however, scenic and sightseeing air transportation and air courier services are not included under the air transportation industry.
The global air transportation market has shown moderate growth in the past years with a CAGR of around 3%. The year 2017 recorded highest ever market value in this industry as per TBRC’s inhouse consultants.
TBRC’s latest report show the historic and future trends in the market for each year with sourced reasons to support the growth claims.
The report also shows the air transportation market to grow at a higher CAGR by 2021 as compared to 2017, along with geographies best suited for investments with highest return rate.
The chartered air transportation segment is expected to grow at a CAGR of 12% during 2017-2021. This was mainly due to increasing disposable income and growing corporate profits resulting in increased frequency of travel through chartered air transportation, and increase in ancillary services revenues such as pick up and lounge services provided by the chartered air transportation service providers worldwide. The growth can also be attributed to growing demand for charter air transportation services in emerging markets such as China and India, and increasing popularity of on-demand charter transportation services.
TBRC’s latest report will cover in depth understanding and calculated impacts of each market factor on a global as well as regional level, to analyze the best investment strategy for this market.
Companies included in the report are American Airlines Group, Delta Air Lines, United Continental Holdings, Lufthansa Group and FedEx.
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