Aviation Business and Regulatory Environment in Asia

This document provides insights into the aviation business and regulatory environment in Asia. It covers the size of the aviation industry by region, key airlines and airports, global passenger traffic, indication of turnover, profit and loss, and industry structure including alliance networks. The document also includes references for further reading.

AVIATION BUSINESS AND
REGULATORY
ENVIRONMENT IN ASIA

Table of Contents
Size of Aviation industry by region.............................................................................................3
Key airlines and airports..............................................................................................................3
Global passenger traffic glows.....................................................................................................3
Indication of turnover, profit and loss..........................................................................................3
Industry structure to include alliance networks...........................................................................3
REFERENCES................................................................................................................................1

Title- Aviation Business and Regulatory Environment in ASIA
Size of Aviation industry by region.
In the 2019, the international Air Transport Association believes that the net profits
estimated at $35.5 billion and this is slightly ahead of the year 2018. By 2035, an additional 1.8
billion annual passengers will be transported from and within Asia Pacific with an overall market
size of 3.1 billion (Karaman, Kilic and Uyar, 2018). The region will also increase with 4.7%
annually.
Key airlines and airports
Asia ranked by total passengers each year this also includes arrival, departure and transit
passengers. Beijing Capital International Airport has been marked as one of the busiest airport in
Asia since 2009. Asian airports are those which are located within 48 countries and 6 dependent
states and this defined by UN and fall within the Asian region.
Global passenger traffic glows
Asia has been marked as to become a US$639 billion global market in 2017 and this has
doubled the 3.2 per cent growth rate for tourism overall, as per the 2018 Global Wellness
Tourism Economy report released by non-profit Global Wellness Institute. In addition to this, it
has been found out that China, Japan and India region as the top three wellness markets within
the Asia-Pacific in 2017.
Indication of turnover, profit and loss
Asians Airlines has rapidly enlarged since 1988 in order to become mid-sized global
carrier with a current fleet of 85 aircraft. Within the year 2018, it has accounted with 19% share
of the domestic market and a 16% share of the international market. In April 2019 it has been
found out that parent company of the Asians Airlines as Kumho Asiana Group has announced
that they plan on to sell out Asians Airlines as a solution to its financial crisis.
Industry structure to include alliance networks
The strategic airline alliance is schedule as the co–ordination, Inventory control,
Passenger service, Quality control, Exclusivity, Fares, ticketing and revenues, Marketing and
distribution etc. in addition to this, strategic airline alliance is schedule co–ordination (Xu, Chan
and Zhang, 2019).

REFERENCES
Books and journals
Karaman, A.S., Kilic, M. and Uyar, A., 2018. Sustainability reporting in the aviation industry:
worldwide evidence. Sustainability Accounting, Management and Policy Journal. 9(4).
pp.362-391.
Xu, S., Chan, H.K. and Zhang, T., 2019. Forecasting the demand of the aviation industry using
hybrid time series SARIMA-SVR approach. Transportation Research Part E: Logistics
and Transportation Review. 122. pp.169-180.
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