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South African airlines need more investment

24-Feb-2010 1:16 PM

Airbus forecasts South African airlines will need to invest at least USD23.3 billion by 2028 on 172 new aircraft to satisfy growing demand for air travel (afrol news, 23-Feb-2010). Airbus Director for Market Analysis, Andrew Gordon, stated South Africa has experienced 27% growth in air traffic over the past 10 years, which has been driven “in part” by a 41% increase in international traffic. African airlines’ share of the international market has reportedly decreased by 8% as international carriers have expanded into the market.