The current world population is more than seven billion and still growing. What does that mean for the aviation industry? Take the global airline company, Lufthansa group for example, they are purchasing 34 new  Boeing jets and 25 new Airbus jets. Moreover, the new aircraft ordered for replacement and growth can firmly ensure a growth by 2025.

Lufthansa’s new announcement is similar to today’s discussion about Westjet’s fleet expansion. Although Westjet is expanding their fleet specifically for other reasons, it is still due to expansion of the market and increase in demand.

In addition to the currently congested airspace, air traffic controllers are pushing safety margins everyday to ensure maximum take offs and landings within operating times. For example, Hong Kong International Airport has 40 air traffic movement (either taking off or landing) within an hour. In other words, there is a take off every minute and a half on average. Along with the additions of new air traffic and new airlines emerging, this is a very profitable market.

Air transportation is currently the most efficient and fastest method of travelling world wide and the demand is only going to increase. Personally as an aviation enthusiast, I am excited to see where this expansion is going to take the aviation field. This growing market is only to expand. I wonder what other business opportunities are going to emerge from this growing demand for travelling.