(National Aviation University, 2021-04-08) Ayrapetyan, Ganna; Айрапетян, Анна Георгіївна
Over the past three years, the aviation industry has been negatively affected by the reduction of the defense sub-industry in the United States. But some growth is expected, associated with an increase in defense budgets in the U.S., Britain, France, Japan, a number of countries in the Middle East and other countries; relatively stable growth in global GDP; lower prices for oil and other raw materials; and continued growth in demand for passenger transportation. So, it is expected that the military aircraft industry will emerge from the crisis, and the commercial will continue its decade-long trend of above-average growth (in 2015 the volume of aircraft production was twice as high as in 2005).
The number of people in the world using air transport is increasing, because the prosperity is growing and visa processes are becoming easier. Revenues for individual countries, regions and companies are growing as a consequence. Thus, according to Airports Council International (ACI) estimations, European aviation industry earns 4.1% of the GDP and provides about 12,300,000 workplaces.
