Air cargo traffic is growing. How is it affecting the demand for narrowbody freighters?
Angus Mackay — 10 MIN. READ
As we celebrate the 10 year Anniversary of the Annual Airport Economics and Finance Conference, the aviation industry continues to face abundant opportunities for all takeholders in the air transport value chain. At the same time, looming economic uncertainty and downside risks remain omnipresent. There are political and economic pendulums that are moving in opposite directions within the aviation sector. The increased presence of the low-cost business model among carriers coupled with historically low jet fuel prices, have certainly acted as catalysts to stimulate air transport demand through lower fare offerings. On the other hand, inward-looking policies and protectionist rhetoric have swept several Countries and could potentially translate into trade wars and block the advances in the liberalization of air transport. Airport operators are cognizant of this new reality as they work closely with aviation stakeholders and airline clients to mitigate these risks. Moreover, airport executives and investors are often placed in a position where they must engage in a high-wire balancing act. In many instances airports face increased competition coupled with stringent regulations governing their aeronautical revenues. Yet, they must finance and expand their infrastructure to meet a growing demand for air transport that has already outpaced capacity in many regions.
ICF Vice President Kata Cserep will chair this premier conference on the economic, financial and regulatory aspects of airports. Meet and learn from an exhaustive roster of global experts who address the latest cutting edge thinking in infrastructure finance and airport economics across an array of interactive panel discussions and presentations.
ICF Principal Edward Shelswell-White will participate in a discussion of Airport Competition Dynamics in which panelists will answer critical questions including: