Original Story Published by: Gediminas Ziemelis for Aerotime Hub, www.aerotime.aero
Photo Source: Courtesy of Avia Solutions Group
The aircraft ACMI leasing market in Africa has reported unprecedented growth in the first three quarters of the financial year 2022 and is expected to maintain this trend until 2028. Given the ongoing resource investments and tactical adjustments by key operators, the leasing market is likely to bring bigger opportunities for regional airlines to increase operational flexibility, enhance their performance quality metrics, and become more sustainable.
As of now, global key operators have maintained a strong presence in Europe, North America, and the Asia Pacific, but the African ACMI market has remained largely underserved. In terms of product, these operators have acquired over 45% of the total market share in the wide-body segment and 52% in the global air cargo market.
With a ripple effect from other non-aviation sectors, a growing demand for sustainable solutions from leading airlines in the Sub-Saharan African continent, and the prospect of market improvement, ACMI operators should seek key opportunities to cover the emerging needs in this largely underserved market and, at the same time, improve their competitive positions in the global ACMI leasing market.
Remaining flexible, meeting the changing operational and capacity demands, and rapidly adapting to unexpected market instabilities is the linchpin for African airlines to achieve viability moving forward. In reality, only a few regional airlines are currently keen on utilizing ACMI solutions to increase their flexibility and advance toward viability. African airlines should start issuing lease requests for proposals (RFPs) to key global ACMI operators as a strategy to increase flexibility, provide an unrivalled experience for air passengers, and improve their overall competitiveness.
To read the full article, visit www.aerotime.aero.
Related
