According to the Airports Council International, in 2024 the aviation industry is predicted to recover fully from the effects of the Covid-19 restrictions, with passenger traffic estimated to reach 9.4 billion passengers. A report produced by IATA earlier in the year states that the demand for air travel is expected to double by 2040, growing at an annual average rate of 3.4%. It is an impressive show of resilience in an industry that ground to an almost complete halt during the pandemic.
North America has made a strong recovery so far. IATA’s June 2023 report, titled ‘Global Outlook for Air Transport’, says North America is the stand-out region in terms of financial performance; and was the first market to return to profitability in 2022. With the demand for air travel remaining high, it is estimated that, by the end of 2023, North America improved on this still further, with a net profit of US$11.5 billion.
The aviation industry is a generous contributor to the US economy. A new economic study released earlier this year by the National Association of State Aviation Officials (NASAO), the Alliance for Aviation Across America (AAAA), and the American Association of State and Highway Transportation Officials (AASHTO), found that aviation in the USA supports over 1.1 million jobs and has an economic impact of over US$246 billion every year. The nation has more than 4,800 public airports, 3,383 fixed-base operators, 4,144 repair stations, over 2,200 charter companies, and 643 flight training operations.
With this resounding vote of confidence in American aviation, and after a great deal of research, Artemis made the decision a few months ago to open two new hubs stateside: one in Miami, Florida, and another in Los Angeles, California.
We were finding that our multi-disciplinary business was handling a rapidly increasing amount of work in the US, and this seemed a natural extension to our service. The hubs streamline orders and deliveries, making an even faster and more efficient service, and have also enabled the establishment of US banking facilities for the convenience of our US customers.
With a global shortage of qualified pilots, training the next generation is a top priority. Time spent on a flight simulator is a central part of this, and it’s crucial that there is the minimum possible amount of downtime on simulators. Having coast-to-coast coverage in North America will ensure we provide rapid and practical solutions to all US flight training operations in the event of an issue which could compromise ongoing instruction.
After only three months, Artemis’s two new hubs are already making a solid contribution to the US aviation industry, and the company is looking forward to plenty of new business.
Artemis Aerospace’s services include component supplies, component repairs, lessor support, flight simulation hardware support, consignment stock management and global aircraft logistics. The global aviation logistics team works with MROs, OEMs and aftermarket suppliers around the world. www.artemisaerospace.com
