What Happened
African Aviation Market To Grow At Almost Six Percent Annually
Boeing expects Africa to be one of the fastest-growing aviation markets over the next two decades, with passenger traffic projected to expand at almost 6 percent annually. The company’s Managing Director for Commercial Marketing, Shahab Matin, stated that the near-term disruption does not have long-term implications on traffic growth. Boeing forecasts global passenger traffic to grow by 2.3 percent this year, before rebounding above the normal growth rate next year. The company expects to recover its single-aisle aircraft supply and meet airline demand toward the end of the forecast period. This was reported by The Kenyan Wallstreet.