worldwide. • Aviation is a fast growing sector and is growing continuously. • Aviation demand around the world has increased by a 4.3% per annual over the next twenty years. Introduction:
• Aviation industry is an engine for social economical growth.
• It creates indirect employment and also helps to increase the Gross Domestic Product (GDP) • When a growth in aviation occurs technology improves and new aviation trends come in form through out the world. • Aviation plays an important role in Aviation the growth of trade, tourism, and the country’s economy. Growth • The demand for air transport and passenger services is growing strongly and the total revenue from passengers has increased by 8.1% globally. • Cheap cities have a direct impact on Foreign Direct Investment (FDI) as well as on trade this will increase as well improve the economical progress of the country. Aviation Growth
• The aviation sector only transfers one-third value of weight by
air as compared to the 99% of the weight which is transferred by different means of transport e.g. (ship, bus, etc). • According to IATA, the goods that were transported by air in 2017 have increased by 7.5% in the GDP of the world. As for the passenger growth in 2017, the economic conditions and low fares have helped increase the passenger demand creating a driver for the GDP increase. Aviation Growth in Pakistan
• According to the global forecast IATA (International Air
Transport Association) has estimated that the passenger traffic to double in the next 15 years. • Creating saturation at airports and airfield. • IATA forecast indicate that Pakistan's domestic travel will grow with a rate of 9.5% per year, which means it will be twice more than the worlds annual growth rate that is 4.1% over next 20 years. Aviation Growth in Pakistan
• Pakistan aviation industry will grow similar to the world
growth. • Pakistan aviation industry has grown in the past 5 years with an increase of 7.1% in respect to the moment of aircraft and 6.3% in passenger traffic and it is expected to increase more in the coming years. Aviation Growth in Pakistan
• Increase in social-economical routes in Pakistan and the
economical progress, it is expected that sustained growth is expected in the coming future. • According to the current trends, forecasts indicate that Pakistan air transport will increase by 184% by the next 20 years and the passengers that will be departing are estimated to be 22.8 million by 2038. • This growth in the aviation sector of Pakistan will increase the GDP and will create approx 786,300 jobs. Steps Taken for Aviation Growth in Pakistan
• The National Aviation Policy 2019 (NAP19) has many
amendments and additions which is created for the sustainable growth of aviation in Pakistan after the NAP17. • A new license TPRI (Tourism Promotion and Regional Integration) is one of the ways to boost aviation in Pakistan. • leverages on taxation which will enable the growth of the aviation sector of Pakistan. Steps Taken for Aviation Growth in Pakistan
• For the growth of aviation, new policies were introduced in
NAP19 these policies are facilitating airlines so that new airlines can operate in Pakistan and foreign investors can join and bring the GDP of Pakistan up. • Allowance of foreign airlines to conduct business in Pakistan Steps Taken for Aviation Growth in Pakistan
Infrastructure up gradation and development of social-economical
airports to attract tourism and promote the growth of aviation in Pakistan
In incentivized the Maintenance Repair Organizations (MRO) and
Aircraft Manufacturing Organization (AMO) so that the Pakistan aviation industry can grow which include 100% FDI to grow the economy of Pakistan and the aviation industry. Amendment in taxation for putting up a flight simulator with 100% FDI to boost the industry. COVID-19 Impact on Aviation Growth
Tremendous down fall in aviation growth globally.
Risk of collapsing after coming to a halt.
IATA stated that 259,400 jobs are at risk
IATA states that 48% Revenue-Passenger-Kilometers
(RPKs) and 55% passenger revenue is reduced in 2020. Conclusion: • Pakistan Aviation Division is small as compared to other countries but is yet moving too fast track progress in the coming years. • NAP 19 has looked into many aspects for the aviation industry to grow in Pakistan. • The current COVID19 situation has a very bad effect on the aviation industry and will take time to recover from the losses achieved. Thank You!