DUBLIN--(BUSINESS WIRE)--The "Nigeria Aircraft Maintenance, Repair and Overhaul Market Segmented by Industry and Market Entry - Growth, Trends and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
Growth in Passenger Air Traffic in Africa
The African aviation industry is experiencing a healthy air traffic growth rate and ranked as the second fastest-growing region in the world. African airlines saw an 11.2% rise in traffic in Q1 of 2016, compared to Q1 of 2015, registering a total of 15.2 million passengers for 2016.
Nigeria reported the highest passenger traffic in the West and Central African regions for 2015 and 2016. Nigerian airports have an annual capacity of about 10 million passengers, while their nearest competitors have a maximum capacity of 2.5 million passengers, per annum. The Ethiopian & South African airlines have been offering airdrop and pick-up facility to Nigerian passengers travelling to Latin America from Lome and Accra.
The growth in air passenger traffic across Africa is expected to drive the demand for new aircraft deliveries of over 1,100 aircraft (which is spread over 10 years of manufacturing). The African ageing aircraft fleet is expected to see intensive usage, decreasing the time before the next MRO, thus improving the demand for aircraft MRO in Africa. Given the anticipated increase in demand for aircraft MRO, the setting up of an MRO facility in Nigeria is expected to be a profitable business over the forecast period.
Other Key Highlights
- Blocked Foreign Exchange
- The Only MRO Facility in West Africa
- Bad Airport Infrastructure in Africa
Key Topics Covered
2. Research Methodology
3. Market Insights
4. Market Dynamics
5. Market Demand Analysis
6. Market Size of Aircraft MRO Industry (in USD millions)
7. Market Entry
8. Competitive Landscape
9. Company Profiles
- One Dot
- Jet Maintainance Solutions (Jet MS)
- Logos Aviation
- BGI Aviation Technical Services (BATS)
- Sky Jet Aviation Services
- AJW Group
- Arik Air
10. Future Outlook of the Market
For more information about this report visit https://www.researchandmarkets.com/research/ztjv83/the_nigeria?w=4