Recent data from the IATA outlook on 2014 stated that air traffic in Asia Pacific is expected to see a modest improvement of gains of US$3.6 billion. This was largely dependent on cargo performance by countries in Asia and Middle East.
Further still, new developments at emerging markets airports are setting a benchmark in the world for airport infrastructure. This is evident from growth experienced in the GDP of some African, Asian, American and Middle East markets. Projects at various airports in India, Africa, South East Asia and Americas also make an over US$ 150 billion market in the world.
Middle East carriers are expected to post a US$2.1 bn profit (their highest ever) and the African airlines are also expected to return a combined profit of US$100 m. The small and emerging airports also play a vital role in these countries by serving billions of passengers. Small Airports in Asia-Pacific region alone handled 240 million passengers, about 12 per cent of the region’s total traffic in 2012.
Leapfrogging traditional expansion models, airports in emerging markets are offering a complete package from hotels to golf course to business centres all equipped with the latest technology. The investment opportunities are endless with most of these airports opening their doors for PPP, BOT and privatisation modes in development and operational stages.
Highlighting this growing trend is the Emerging Airports Conference and Exhibition 2014. The event is scheduled to take place on 9-10 April 2014. Participation includes countries such as Africa, Middle East, Russia, Indian subcontinent and Iraq, who will discuss possibilities and business models.