The International Air Transport Association (IATA) predicts that in 2012 airlines all over the world will see their profits drop by 49%, i.e. USD 1.4 billion compared to the previously expected returns. In the meantime, aviation specialists unanimously agree that by 2016 the MRO sector should increase from current USD 46.9 billion to USD 56.4 … Continue reading
The International Monetary Fund predicts that in the next five years Africa will be one of the 10 most rapidly growing economies in the world. The World Bank expects that as early as next year the region’s economy will go up by approx. 5.5%. Global aviation industry is constantly stiffening safety regulations and companies all … Continue reading