What's Happening?
Subhas Menon, Director General of the Association of Asia Pacific Airlines (AAPA), emphasized the need for modernization in the air transport industry during his final remarks at the Singapore Airshow.
Menon highlighted the industry's reliance on outdated planning cycles and called for the adoption of new technologies, such as artificial intelligence, to improve resilience. He also urged Asian governments to invest in aviation capabilities like maintenance, repair, and overhaul (MRO) to address supply-chain bottlenecks. Menon pointed to the automotive sector as a model for rapid technological advancement and warned of geopolitical shifts affecting air transport growth.
Why It's Important?
Menon's call for modernization in the air transport industry underscores the challenges faced by the sector in adapting to a rapidly changing environment. The industry's reliance on outdated planning methods and underinvestment in key areas could hinder its ability to respond to future disruptions. By embracing new technologies and improving resource management, the industry can enhance its resilience and competitiveness. Menon's remarks also highlight the importance of geopolitical factors in shaping the future of air transport, with emerging markets like China and India poised for growth. The industry's ability to adapt to these changes will be crucial for its long-term success.
