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Fair Growth in European Aviation industry Driving Demand for Airport Construction Projects-Ken Rese by Ankur Gupta

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Fair Growth in European Aviation industry Driving Demand for Airport Construction Projects-Ken Rese by
Article Posted: 06/08/2017
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Articles Written: 1063
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Fair Growth in European Aviation industry Driving Demand for Airport Construction Projects-Ken Rese

Europe is a continent that comprises the westernmost part of Eurasia. Europe is bordered by the Arctic Ocean to the north, the Atlantic Ocean to the west, and the Mediterranean Sea to the south. Europe is the richest region and its economy is currently the largest on Earth. Historically, air transport in Europe has developed with the support and control of national authorities. Europe has monopolistic national carriers and publicly owned or managed airports. International air transport was based on inter-state bilateral agreements and has expanded accordingly, in particular, market access and ownership regimes of carriers.

The EU regulatory measure has turned a protected national aviation market into a competitive single market for air transport. The air-packages relaxed related to the fares, capacity and removing all commercial restrictions for European airlines operating within the EU. These changes in European aviation established European Single Aviation Market. The number of passengers in air transport increased rapidly over the years, which is the strongest growth in all modes of transport in Europe. The European Parliament has stressed the need for a common policy on air transport for the establishment and proper functioning of the Single Aviation Market.

The airport construction projects in Europe are followed by Timetric's Construction Intelligence Center (CIC)), which includes project details from the announcement to execution stages. The estimated total value of the airport construction projects in Europe is US $126.1 billion. The countries involved are Turkey, UK, Russia, Germany, Portugal, Austria, Norway, Italy, Ukraine and Greece.

A new passenger terminal was constructed at Zagreb International Airport, Croatia, to replace the existing damaged terminal. The expansion plans at the Amsterdam Airport, included the new fifth runway. The plans also involved the innovative automatic border passage system that uses iris recognition, enabling quick and secure border passage. Igor Sikorsky Kyiv Airport (formerly Zhuliany airport) is an international airport located 7km away from Ukraine's capital city. Domestic Terminal D at the airport was renovated and reopened in March 2017; facilitate the airport to accommodate up to two million passengers a year. Construction of a new Terminal B was proposed by airport operator in Luxembourg Airport Authority. The planning, preparation and construction works of the new terminal were started in the same year and will be complete by the mid of the year 2017. The investment in Tallinn International Airport is Estonia's is estimated €127m for its development between 2016 and 2020.

The European air traffic management is constantly exploring ways to manage capacity and growth with the infrastructure or runway expansion which is a perfect solution. Despite major economy doubts, the Europe’s aviation market remained sturdy in 2015. In the coming years Europe’s GDP may grow by 1.8% annually all the way through 2035. The European airlines carries approximately 307 million passengers, showing increase in passengers of about 12.3% over 2014. The aviation market is expected to grow rapidly during the next 20 years, while acquiring more than 7,500 new airplanes.

Topics Covered in The Report

Airport construction market Europe Airport construction industry Europe Europe Airport construction industry developments Europe construction projects Europe upcoming construction projects Europe Airport Construction investment Europe Airport construction regulations Europe Airport construction regulations UK Airport construction market Germany Airport construction market Germany Airport construction market growth Germany Airport construction market trends Germany Airport construction market Future Germany Airport construction market analysis Germany Airport construction market size Spain Airport construction market France Airport construction market growth France Airport construction market trends France Airport construction market size France Airport construction market analysis France Airport construction market Europe aviation industry Italy aviation sector France aviation sector

To know more, click on the link below:

Related reports

Project Insight-Airport Construction Projects: Global Project Insight-Airport Construction Projects: The Americas

Contact Us:

Ken Research Ankur Gupta, Head Marketing & Communications +91-9015378249

Related Articles - France Airport construction market size, France Airport construction market analysis, France Airport construction market, Europe aviation industry, It,

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