As the air transportation industry recovers from pandemic-induced downturns, the need for future capital planning will be critical to supporting demand and maintaining aviation infrastructure. Oxford Economics produced country-level capital investment forecasts to 2040 for over 130 countries, capturing investments by greenfield and brownfield sites broken down into investment types such as aircraft movement area, terminal buildings, and parking. Between 2021 and 2040, projections indicate about US$2.4 trillion in airport CAPEX will be needed to address the long-term trend in passenger demand.
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Topics: Economic impact, Travel, Thought Leadership, Coronavirus, Climate Change, Forward thinking newsletter - US, Transportation, Airport