As we stand on the cusp of the next decade, a clear imperative emerges for the aviation industry: substantial investment in infrastructure. The skies of the Asia-Pacific and Middle East are set to witness an unprecedented surge in passenger traffic, with projected annual growth rates of 7.8% and 8.1% respectively.
Airports Council International (ACI) estimated that China would contribute about 21% of global passenger traffic growth in the next two decades and overtake USA as the largest aviation market in the world before 2035. ACI Asia-Pacific’s upcoming mission to China will strengthen its engagements and collaborations with airports, regulators, industry associations and financial institutions in several areas, including capacity building, data exchange and environmental stewardship.
ACI Asia-Pacific Director General, Stefano Baronci, reflects on a busy and successful end to 2022.
Speaking to delegates meeting at the Stockholm+50 Leadership Dialogue today, Executive Director of the cross-industry Air Transport Action Group, Haldane Dodd urged governments to work together to adopt a long-term climate goal at the upcoming International Civil Aviation Organization (ICAO) Assembly.
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