The Middle East & Africa (MEA) aviation industry is expected to see a CAGR of around 3.2% during the period (2019-2025). Saudi Arabia, Qatar, and Iran are the key economies of the MEA region that contributes to the growth of the aviation industry. The significant cases of COVID-19 in the region further impacted the aviation industry. Major countries such as UAE, Saudi Arabia, and Iran have the highest number of COVID-19 cases. There is a significant decrease in the number of domestic and international flights for passenger and cargo transport in the region. The major countries such as Saudi Arabia, UAE, Qatar, Iran, and South Africa accounted for the decline of 47.9%, 41.2%, 49.5%, 53.3%, and 35.2% in total flights till May 2020 as compared to May 2019 as per ICAO database. Thus, the significant decline in the flights further affected the aviation industry in the region. In addition to vital financial relief, IATA is scoping a comprehensive approach to re-starting the industry in Latin America when governments and public health authorities allow.

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MEA aviation industry is segmented into passenger airlines, cargo airlines, aircraft manufacturing, airport management, and catering & other services. Based on the segmentation, the passenger airline segment is anticipated to get highly affected along with catering & other services. Passenger airline is the largest segment contributing to the aviation industry. A passenger airline is an airline dedicated to the transport of passengers. There are several types of passenger airlines including mainline airlines, regional airlines, low-cost carriers, business class airlines, charter airlines, flag carriers, and others. The cargo airline segment in MEA is showing the highest CAGR of 4.0% during the forecast period. Cargo airlines are the airfreight carriers mainly dedicated to transport cargo by air. It is a costlier means of transport however used to transport necessary and costlier goods all across the globe, at a very fast rate as compared to road, railway, and marine routes. The major economies that are contributing to the growth of MEA aviation industry include Saudi Arabia, UAE, Turkey, South Africa, Nigeria, and the Rest of MEA. The aviation industry of Dubai is well-known for some of the most expensive and luxurious flights, such as Emirates Airlines and Etihad. 

Major aviation companies operating in MEA include Ethiopian Airlines, Etihad Aviation Group, Qatar Airways, The Emirates Group, and Turkish Airlines. The Emirates Group is one of the largest airlines in the Middle East and has gained global prominence in the recent past. Amid this crisis, the Emirates Group has announced to start its flights from May 21, 2020. The company announced to operate scheduled flights to specific locations with multi-faceted measures for employee and customer care at every step of the travel journey. For instance, on 11 June 2020, the company allotted four flights to Cairo to lead Egyptians to get home. Whereas, adding to its list of destinations, the company added Kabul to the list of passenger destinations on 9 June 2020.

Research Methodology

OMR global recently published a report addressing the impact of COVID-19 on the Middle East & Africa aviation industry. The study is incorporated by extensive primary and secondary research conducted by the research team. Secondary research has been conducted to refine the available data. Different approaches have been worked on to derive the market value and market growth rate. In the report, the analysis of the country is provided by analyzing various regional players, laws and policies, consumer behavior and macro-economic factors. The report includes analysis of different regions and countries and the effect of COVID-19 on aviation industry of each respective region. Besides, an expected recovery timeline of the industry will also be included with the best- and worst-case scenario which will aid clients to take their future steps in the decision-making process.

Sources Include

• Financial reports of companies involved in the market
• Whitepapers, research-papers, and news blogs
• Company websites and their product catalog
• Government Organizations Reports

The report provides an in-depth analysis on market size, intended quality of the service preferred by consumers. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models.

The Report Covers

• Comprehensive research methodology of MEA aviation industry.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting MEA aviation industry.
• Insights about market determinants which are stimulating MEA aviation industry.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.