With economic growth taking off and a burgeoning middle class, it would seem the African aviation market is a sure fire bid for long range prosperity. But the reality is keeping the industry grounded.
According to the International Monetary Fund, Sub-Saharan Africa will record 4.5 percent economic growth this year, rising to 5.4 percent next year. The improving fortunes are boosting business and millions of citizens are moving into middle income brackets — the typical commercial aviation customers.
“The aviation business moves with economic growth and as markets grow, aviation opportunities grow too, and that’s true in Africa,” Andrew Charlton, founder of Geneva-based Aviation Advocacy, says.
