The Scope of the Global Aviation Industry

Eyden Samunderu
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Eyden Samunderu: International School of Management (ISM)

Chapter Chapter 1 in The Economic Effects of Air Transport Market Liberalisation, 2024, pp 1-116 from Springer

Abstract: Abstract This chapter provides a holistic exploration of the global aviation industry, from its foundational statistics to the intricate dynamics of business models like full-service network carriers (FSNCs) and low-cost carriers (LCCs). It critically evaluates the sustainability of the low-cost model in Africa, juxtaposed with the strategic significance of hubbing, including its benefits and challenges. The narrative delves into the specialised hub-and-spoke models, their implementation, and their particular relevance to the African context. Furthermore, it extends the analysis to the global airline market, the aerospace industry structure, and the pivotal role of commercial aviation. The chapter also assesses the competitive landscape of aircraft manufacturing, emphasising the theoretical framework of structure conduct performance. It includes an examination of the global Maintenance Repairs and Overhaul (MRO) and aircraft engine markets, alongside the exogenous factors impacting the industry. Additionally, it addresses the global energy market’s influence, risk management strategies such as fuel hedging, and the critical perspective of Environment, Social, and Governance (ESG) in aviation. The African air transport and cargo markets are scrutinised for their current state, growth forecasts, and inherent challenges. This comprehensive analysis offers insightful perspectives on the aviation industry’s complexities, its evolving market dynamics, and the emerging trends shaping its future.

Keywords: Global aviation industry; Hub-and-spoke models; African aviation; Aerospace industry structure; MRO market; African air cargo market; Structure conduct performance (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1007/978-3-031-61864-2_1

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