IATA forecasts indicate that Africa will become one of the fastest growing regions in the aviation sector in the world by 2040.

In a statement that Namazone shared with a copy of, it said that the African aviation sector has tremendous opportunities for future growth, which was indicated by the International Air Transport Association IATA, which expected the African continent to become one of the fastest growing regions at the level of The world's aviation sector for the next twenty years, with an annual growth rate of 5%.

Africa currently has 731 airports and 419 airlines, and the aviation sector contributes to about 7 million jobs and supports the economies of countries with the equivalent of 80 billion US dollars. In 2018, 47 million travelers traveled through the five largest airports on the continent, including Addis Ababa and Marrakech, according to the latest ANKER report.

In addition, IATA indicates that if 12 major countries in Africa open their markets abroad and expand the number of flights connecting them to other destinations outside the continent, this would generate 155,000. Additional business opportunity, which supports GDP of $ 1.3 billion in these countries.

Global air carriers are closely monitoring developments in the civil aviation sector in Africa, especially after the signing of the African Single Market Air Transport Agreement (SAATM) in January 2018, which aims to stimulate air traffic and open airspace In front of airlines and allowing them to fly directly between two destinations within the continent without the need to stop at the main operations center of the company, which enhances trade and tourism between African countries.

To date, 28 out of 55 African countries have joined the African Single Air Transport Market, accounting for more than 80% of the current aviation market in Africa.

Despite this optimistic view of the future, this sector faces great challenges, most notably the protectionist trends taken by many countries that imposed restrictions on the market, which include competition rules, ownership and control, consumer rights, taxes and commercial capacity .

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