Business
October 24, 2023
3 min

Optimising global aviation logistics is paramount - The Hans India

Global air cargo tonnages showed positive development in the second full week of September, according to WorldACD Market Data. Comparing with last year, chargeable weight was down 2%, but there was a 10% rise ex-Asia Pacific. Average rates are currently 33% below last year's levels, but remain 34% higher than pre-Covid levels. The aviation MRO logistics market is projected to reach $10.7 billion by 2032, with the civil aviation segment set to reach $7.8 billion by 2026. North America, Europe, Asia-Pacific, South America, and the Middle East are leading regions in the MRO aviation industry market. India's focus on aerospace manufacturing is creating opportunities for international partnerships.

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Adhikansh Gupta
Content Manager

Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry