Indonesia with over 260 million of population (40% of ASEAN population) is an archipelagic nation that consists of more than 17,000 islands spread over 113,700 square miles; the need for connectivity is becoming more and more important, as the country attempts to link resources, peoples, and industries to further protect its economic security and grow its GDP.
As one of the world’s fastest growing aerospace industry, the current engine of economic growth in Southeast Asia, and one of the largest economies in the Asia-Pacific, Indonesia has an excellent potential for world investors to develop the aviation industry in Indonesia.
In the International Air Transport Association (IATA) Aviation Day in Jakarta, IATA’s CEO Tony Tyler stated that Indonesia’s aviation potential is huge. By 2034, it is expected to the sixth largest market for air travel. By then some 270 million passengers are expected to fly to, from and within the country. He also added that it’s three times the size of today’s market.
Furthermore, in the labor sector, the global aviation industry currently has 58 million employments with economic value reached USD 2.4 trillion. It is estimated that in the next 20 years, the aviation industry will be able to create jobs for 105 million people and contribute USD 6 Trillion of the TDP of the world.