France aviation industry is expected to see a CAGR of 1.7% during the period (2019-2025). As per the International Civil Aviation Organization (ICAO), France registered the third-largest number of flights and the fourth largest number of passenger seats in 2019. The country’s air connectivity grew by 33.0% between 2013 and 2018. France is continuously exploring innovative solutions in its aviation industry. France has successfully implemented automated border control (ABC) systems towards using facial recognition which subsequently expanded the number of travelers. Though, the outbreak of the COVID-19 pandemic has affected the aviation industry of France due to the nationwide restrictions on international travel, as announced by the Government of France on March 14, 2020.
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France aviation industry is segmented into passenger airlines, cargo airlines, aircraft manufacturing, airport management, and catering & other services. Based on the segmentation, the passenger airline segment is anticipated to get highly affected along with catering & other services. Passenger airline is the largest segment contributing to the aviation industry. A passenger airline is an airline dedicated to the transport of passengers. There are several types of passenger airlines including mainline airlines, regional airlines, low-cost carriers, business class airlines, charter airlines, flag carriers, and others. The cargo airline segment in France is showing the highest CAGR of 4.8% during the forecast period. Cargo airlines are the airfreight carriers mainly dedicated to transport cargo by air. It is a costlier means of transport however used to transport necessary and costlier goods all across the globe, at a very fast rate as compared to road, railway, and marine routes.
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Moreover, the major France-based aviation companies such as Air France KLM-SA, Airbus SE, ASL Airlines France, Dassault Group, Air Corsica, and Airlinair. Air France?–?KLM Group has taken strong measures and drastically reduced its flight activity less than 10% of last year’s level, for the next few months, effective from April 2020. The company witnessed a huge loss due to the pandemic, that is, the revenue fell by 15.5% or $5.64 billion in the first quarter of 2020. The company faced an overall operating loss of approximately $916.4 million in the first quarter. The company received $7.9 billion French-backed rescue aid. The company also expects to cut down the monthly cash burn to $450 million in the second quarter. However, the operating losses are projected to increase further, as 95% of flights are expected to remain grounded due to several travel restrictions to prevent the spread of the COVID-19 pandemic.
Market Overview and Insights
Scope of the Report
Analyst Insight & Current Market Trends
• Key Findings
• Recommendations
• Conclusion
Government Support for the France Aviation Industry
Supply & Demand Analysis
Industry Overview
• Historical Market Growth Estimation in France Aviation Industry Excluding COVID-19 Pandemic Effect
• Deviations in the France Aviation Industry Growth Rate Due to COVID-19 Pandemic
Verticals Affected Most
• Cargo Airlines
• Passenger Airlines
• Aircraft Manufacturing
• Airport Management
• Catering & Other Services
Company Profiles
• Aigle Azur
• Air Corsica
• Air France KLM-SA
• Airbus SE
• Airlinair
• ASL Airlines France
• Brit Air
• Dassault Group
• Eagle Aviation France
• New Axis Airways
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