2007 A GOOD YEAR
Global aviation sector continued its good run in 2017. With economic growth across the board worldwide, lower transport costs and improved connectivity, this year proved to be yet another successful year for the airlines and the aviation industry in general. Passenger traffic grew by 7 per cent and cargo by 9 per cent showing growth at a steady pace.
While the two giants – Boeing and Airbus continued their battle to pick up substantial orders from across the globe, especially for their latest airplanes on offer, regional aircraft manufacturers like Embraer and COMAC also made significant inroads with airlines preferring to “right size” their fleets. Here is a snap-shot of the major aviation events during 2017.