In 2022, there were almost 39 brand-new commercial airlines operators operating worldwide. In India, this applies to Pradaan Air Express for cargo and Akasa Airlines for passengers.
Growth of Aviation Industry
“Airline ‘births’ have returned to pre-pandemic levels following a decline to 29 in 2020 and a sharp recovery to 58 in 2021.”According to a report by the International Air Transport Association, a trade association of international airlines
The pandemic opened up opportunities for start-up airlines despite the fierce competition and other difficulties facing the airline industry, in part because of the thriving used aircraft market (making aircraft leasing more affordable).
The number of airline deaths—the termination of an airline’s Air Operator Certificate (AOC)—and dormancies—airlines operating fewer than 10 flights per month—has decreased over the last three years. Although 15 airlines went out of business in 2022, there were more “births” than “deaths” in 2021 and 2022.
Although there were 53 fewer airline fatalities in 2020 compared to 59 in 2019, there were 156 more dormancies that year.
According to the report, there would have been significantly more airline fatalities during the pandemic without government assistance.
New Airlines began operation in Europe
Regionally, Europe had 20 new airlines and seven “deaths” in 2022, making up about half of all airline births. Despite being hit harder than other regions in 2022 by travel restrictions and Covid disruptions, Asia-Pacific also demonstrated net growth with nine new airlines and one ceasing operations. Intriguingly, in 2022 there were more airline deaths in North America than births.
Overall, the growing number of new and revived airlines, along with fewer fatalities, shows the industry is still appealing to business owners and investors, supporting the ongoing recovery anticipated in 2023, according to IATA.
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