Aviation: Africa market ‘the size of Ryanair’; ‘not yet a mature market’- Kenya Airways CEO
Kenya Airways Group MD and CEO Sebastian Mikosz, speaking at CAPA Airline CEOs in Sydney, said Africa is a “very small market”, “not really well known” and “not yet a mature market”.
He noted the market for the whole continent is “the size of Ryanair”, with less than 100 million passengers p/a, and seven airports account for 88% of traffic.
Mr Mikosz described Africa as “a completely different market” from other parts of the world, noting demand for business class products even on short haul 40 minute services. He forecast 274 million additional passengers in Africa in the next 20 years, but said the continent will remain a “pretty small market”.