Strong growth forecast for GCC aviation sector

Air passenger and air cargo traffic in the Middle East, is projected to outperform all other regions between 2012 and 2032, Alpen Capital said in its GCC Aviation Industry Report published recently.


Strong growth forecast for GCC aviation sector


Air passenger and air cargo traffic in the Middle East, is projected to outperform all other regions between 2012 and 2032, Alpen Capital said in its GCC Aviation Industry Report published recently. Air cargo traffic in the Gulf Cooperation Council (GCC) countries, in terms of Freight Tonne Kilometres (FTK), is expected to grow at a 7.2 per cent compound annual growth rate (CAGR), while passenger traffic in terms of Revenue Passenger Kilometres (RPK), is expected to expand at a compounded annual growth rate (CAGR) of 6.7 per cent.