Aviation Business and Regulatory Environment in ASIA

Title- Aviation Business and Regulatory Environment in ASIA
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.
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).
Key airlines and airports
• 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.
Indication of turnover, profit and loss
.
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.
Size of Aviation industry by region.
References
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.