Market Intelligence: North America

US Headquartered Aviation and Pilot Training Group International Aero Academy Announces Partner in India

International Aero Academy (IAA), an aviation training group and charter operator based in Lakeland, Florida, United States which in February 2024 inaugurated a new office in Mumbai, India has shared that it has partnered with Captain Surinder Singh and his company Albatross Aviations PVT LTD for pilot training of Indian students.

For the past 15 years, Captain Singh has operated the most well-known and longest established DGCA ground school in India. IAA is the first FTO that Captain Singh has selected for pilot training. Together with Captain Singh, IAA and IAA’s office in Mumbai will provide students a complete 360 degree solution to include: DGCA ground school, visa assistance, commercial pilot training at IAA’s Lakeland Florida campus, DGCA license conversion and 737 or A320 type ratings. IAA trains over 100 Indian students per year and expects this number to grow significantly in 2024.

Source: International Aero Academy
Photo Credit: International Aero Academy

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US Flight School Aviator College Welcomes Regional Airline to Campus in April 2024

United States, Florida based flight school Aviator College welcomed SkyWest Airlines to its Kissimmee campus in April 2024. The airline shared its current program and its benefit to the students.

Aviator College is one of SkyWest’s flight training partners for the SkyWest Pilot Pathway Program.

Source: Aviator College
Photo Credit: Aviator College (shown as meta image)

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US Aviation and Flight Training Group, Epic Flight Academy to Launch New FAA Part 147 Aircraft Mechanic School in April 2024

Florida, United States headquartered flight and aircraft maintenance training group Epic Flight Academy shared that after a year of construction and setting up classrooms and training areas, Epic Flight Academy’s new FAA Part 147 Aircraft Mechanic School at the Cincinnati/Northern Kentucky International Airport is ready to launch. The ribbon-cutting ceremony will take place on Monday, April 22, 2024 at 10:00 a.m. Epic’s first class begins on April 15th, 2024.

Source: Epic Flight Academy
Photo Credit: Epic Flight Academy

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IATA: Passenger Demand Up 21.5% in February 2024 Compared to February 2023

The International Air Transport Association (IATA) released data for February 2024 global passenger demand with the following highlights:

Total demand, measured in revenue passenger kilometers (RPKs), was up 21.5% compared to February 2023. Total capacity, measured in available seat kilometers (ASK), was up 18.7% year-on-year. The February load factor was 80.6% (+1.9ppt compared to February 2023).

International demand rose 26.3% compared to February 2023; capacity was up 25.5% year-on-year and the load factor improved to 79.3% (+0.5ppt on February 2023).

Domestic demand rose 15.0% compared to February 2023; capacity was up 9.4% year-on-year and the load factor was 82.6% (+4.0ppt compared to February 2023).

Note that February 2024 was a leap year with one extra day compared to February 2023. This slightly exaggerates growth in both demand and capacity to the positive.

“The strong start to 2024 continued in February with all markets except North America reporting double-digit growth in passenger traffic. There is good reason to be optimistic about the industry’s prospects in 2024 as airlines accelerate investments in decarbonization and passenger demand shows resilience in the face of geopolitical and economic uncertainties.  It is critical that politicians resist the temptation of cash grabs with new taxes that could destabilize this positive trajectory and make travel more expensive. In particular, Europe is a worry as it seems determined to lock in its sluggish economic recovery with uncompetitive tax proposals,” said Willie Walsh, IATA’s Director General.

International Passenger Markets

All regions showed double digit growth for international passenger markets in February 2024 compared to February 2023. For the first time, demand for international services exceeded pre-pandemic levels (+0.9% compared to February 2023). This, however, is skewed by February 2024 being a leap-year with an extra day compared to February 2023.

Asia-Pacific airlines saw a 53.2% year-on-year increase in demand. Capacity increased 52.1% year-on-year and the load factor rose to 84.9% (+0.6ppt compared to February 2023), the highest among all regions.

European carriers’ saw a 15.9% year-on-year increase in demand. Capacity increased 16.0% year-on-year, and the load factor was 74.7% (flat compared to February 2023).

Middle Eastern airlines saw a 19.7% year-on-year increase in demand. Capacity increased 19.1% year-on-year and the load factor rose to 80.8% (+0.4ppt compared to February 2023).

North American carriers saw a 16.0% year-on-year increase in demand. Capacity increased 17.6% year-on-year, and the load factor fell to 77.7% (-1.1ppt compared to February 2023).

Latin American airlines’ saw a 21.0% year-on-year increase in demand. Capacity climbed 18.6% year-on-year. The load factor rose to 84.2% (+1.7ppt compared to February 2023).

African airlines’ saw a 20.7% year-on-year increase in demand. Capacity was up 22.1% year-on-year. The load factor fell to 74.0% (-0.8ppt compared to February 2023).

Source: International Air Transport Association
Photo Credit: International Air Transport Association

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