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Demand takes off despite the downturn: emerging from a period that has seen a volatile fuel price coupled with a global economic downturn, the prospects for Africa's aviation industry might be viewed, at best, as difficult. Yet the picture is not entirely gloomy, reports Stephen Williams.

Publication: New African
Publication Date: 01-AUG-09 		Format: Online
Delivery: Immediate Online Access
Full Article Title: Demand takes off despite the downturn: emerging from a period that has seen a volatile fuel price coupled with a global economic downturn, the prospects for Africa's aviation industry might be viewed, at best, as difficult. Yet the picture is not entirely gloomy, reports Stephen Williams.(FOCUS AVIATION)(Industry overview)

Article Excerpt
Not only is next year's FIFA World Cup hosted by South Africa forecast to increase airline passenger demand from across Africa and further a field, bur one investment bank's research into the aviation sector suggests that, even with the financial slowdown, the outlook is quite positive. On the back of Africa's continuing growth in per capita income as well as rapid urbanisation, the research asserts, some African countries will see annual air travel growth rates of more than 9% over the next decade.

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