INDUSTRY BACKGROUND The global airport services mart consists of revenues generated from the physical process of airports and tie in services. The services include providing flight support to tune and commercial aircraft at airports, overhauling turbine engines together with the supply and repair of related components,licensing components from OEMs and assuming responsibility for their support in the aftermarket, designing, manufacturing and repairing of aircraft landing power train and hydraulic systems,training pilots and the provision of other services. The market is valued at over £ 30 billion having expanded with a mixed annual result rate (CAGR) of 6.3% during the period between 2001 and 2005. orbiculate economic growth is driving up the volume at airports, and rider traffic has recovered from the threat of terrorism that direct to drop in passenger traffic after the 9/11 attacks. The leading segment in the market is the revenues generated from passenger air travel via airports, which accounted for $25.9 billion, or 86.3% of the total value. The remaining market value is due to processing of freight.

One reason for the lateralisation of the passenger sector is that marine transport is a practicable alternative for some forms of international cargo traffic, whereas it is generally alike slow to be competitive with passenger air travel.( Datamonitor, 2006). Geographically, europium has the giantst destiny of the global sector with a 35% share of global revenues, equivalent to $17.3 billion. The US market remains more valuable than the expanding Asia-Pacific region, with a 30.4% share in comparison to 25.4%. Having antecedently been viewed as merely a supplement to the basic production line of carrying passengers, companies in the global airport services industry lead begun to identify freight as potentially having a large impact upon their profit margins. Leading aircraft manufacturers also forecast stronger growth for freight traffic over passenger numbers during the next... If you destiny to get a full essay, order it on our website:
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