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African airline to post lowest profit this year -IATA

IATA stated this at its African Aviationa Day message recently, emphasizing that the need for intra-African air connectivity to spread economic and social prosperity across…

IATA stated this at its African Aviationa Day message recently, emphasizing that the need for intra-African air connectivity to spread economic and social prosperity across Africa.
“Increased intra-African air connectivity is essential if Africa is to seize the opportunities for growth promised by its demographic and resources advantages.”
According to the group aviation in Africa supports nearly 7 million jobs and $80 billion in GDP, but it faces challenges in terms of liberalization of markets, safety, costs, infrastructure and regulation. Only through industry and governments working hand-in-hand can these challenges be overcome, to the benefit of everyone across Africa,” said Raphael Kuuchi, IATA’s Vice President for Africa.
Africa is well-placed to enjoy sustained economic growth thanks to a young, expanding and urbanizing population, combined with abundant natural resources. But because intra-African aviation connectivity and the economic health of its airlines are weaker than they could be, opportunities for job creation, business growth and innovation are being lost.
To provide African governments with a clearer view of the benefits of intra-African connectivity, IATA formally launched a report showing that liberalization of air services across 12 African nations would create 155,000 jobs and boost GDP by $1.3 billion. 

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