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Erschienen in:
2013 | OriginalPaper | Buchkapitel
Development of the air capacity market
verfasst von : Ralf Günther
Erschienen in: Impact of Aircraft Sourcing & Financing on Financial Success
Verlag: Springer Fachmedien Wiesbaden
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Market development is commonly defined by the interaction of demand and supply over time resulting in a price for the goods and services sold. Furthermore, industries are often linked to one major economic indicator. In the aviation industry, this economic indicator is the world’s gross domestic product (GDP). This chapter will firstly outline the correlation between air traffic and global GDP and secondly describe the development of air capacity in terms of aircraft deliveries and orders in the normal business cycle as well as pre and post external economic shock events.