As 2024 comes to a close, it’s clear that aviation has continued its steady recovery while also facing persistent challenges. From record-breaking passenger traffic to major maintenance expansions and unexpected disruptions, this year offered a mix of momentum and caution. Here's a look at the highlights that defined the industry in 2024.

Strong Travel Demand Continues to Drive Growth

Passenger traffic in 2024 reached approximately 9.5 billion USD, climbing to 104% of pre-pandemic levels. In the Asia-Pacific region, growth was particularly strong at 17.5%, fueled by rebounding travel appetite and the continued reopening of regional markets (Source).

New Players Enter the Market

At least 16 countries across Asia-Pacific have welcomed new airline entrants in the last four years. With 7 airlines in 2024 alone, including a rebranding from Air Japan and BBN Airlines spreading its wings to commercial passenger market.

Maintenance Demand Soars Alongside MRO Expansion

As traffic grows, so does the need for maintenance. The global commercial MRO market rose to USD 107.7 billion in 2024, up from USD 105.3 billion in 2023. This demand has prompted a wave of new and ongoing MRO projects.

We have covered the list of new, in progress and planned MRO expansions in the region, and what it means for airlines here.

Notable Disruptions and Ongoing Constraints

Despite growth, 2024 was not without turbulence. High-profile incidents disrupted flight operations and drew regulatory attention:

• 737 Max 9 grounding following a mid-air door blowout

• Cathay Pacific A350 grounding due to component issues

• Global IT outage, affecting over 16,000 flights within 72 hours (linked to the Crowdstrike incident)

Meanwhile, production ramp-ups remain uneven across OEMs. Engine shortages, long lead times for parts, and supplier bottlenecks continue to affect aircraft deliveries. LEAP engine production is projected to fall 10% year-over-year, adding more pressure to maintenance networks already facing heavy backlogs.

Outlook for 2025

Looking ahead, many of these issues are expected to persist. According to Reuters and industry sources, part shortages and production delays could continue for at least the next two years.

With that in mind, we invite operators, lessors, and aviation professionals to ask:

What trends do you see coming in 2025? What challenges and opportunities are ahead for your operations?

Want to Talk Strategy?

If you’re preparing for 2025 and need support with maintenance planning, material strategy, or operational review, TBM Aviation is ready to help. Reach out to us at info@tbmaviation.com to start the conversation.