Upgrading the global aviation system.
The next 20 years are about to see a startling rise in global connectivity. Aviation industry experts predict that the worldwide demand for air travel will double by the year 2035. In other words, more than 7.8 billion travelers will pass through our airports in a single year.
As of yet, the world’s aviation system isn’t designed for that volume of traffic. Our airports lack the structure and technology to efficiently process extreme levels of passengers, aircraft and cargo. It’s clear they need an upgrade, and soon.
The financial challenge this poses for governments and industry has been a primary road block in airport expansion and renovations. Construction projects are often estimated to cost upwards of $10 billion, which has proven infeasible in many cases.
The infographic above showcases various types of investors who have stepped in to satisfy this need – from independent institutions to public-private partnerships.