Europe’s 10 Most Prominent Aerospace Companies in 2024 February2024

To most people, THE SKY IS the limit. To those who love aviation, the sky is HOME.

Company Name

AEROSOFT FRANCE aerosofrance.com

Descripon Featuring

Emmanuel Neildez

Chief Execuve Officer

Airfree airfree.aero

Astronics Corporaon astronics.com

Aviaon Emissions Soluons Ltd. aviaonemissionssoluons.com

BAK Aircra Parts bakaircraparts.com

Eenne de Verdelhan and Agnès Debains Co-founders

James Kramer President

Chris Johnson Company Director Bader Al-Kalaldeh Founder and CEO

Aeroso France Sas, is a Trefin Group company and is based in Toulouse in the heart of the Midi-Pyrénées region, a technological center in the aeronaucs and space sectors.

Airfree provides Air Travel Industry with a SaaS soluon specialized in inflight eShopping.

Astronics helps keep people safe, comfortable, and connected every day through innovave technologies that run missioncrical systems.

Aviaon Emissions Soluons Ltd is a highly regarded and established UK Aviaon Support Company assisng Aircra Operators with all aspects of Emission Trading Scheme compliance.

BAK Aircra Parts is a 24/7/365 all in 1 Aircra Parts Supplier.

HiSERV GmbH hiserv.aero

Marn-Baker marn-baker.com

Max Aerospace and Aviaon Private Limited maxaerospace.com

PROLIM Corporaon prolim.com

Roland Ueckert Manging Director

Robert Morgan CFO & Director of Operaons in Fortune 200

HiSERV has been improving the Ground Support Equipment (GSE) rental market since 2017 by delivering superior quality, high flexibility and fair and transparent pricing.

For over 70 years, Marn-Baker has been the world leader in the design and manufacture of ejecon seats.

X-Operaons x-operaons.com

Bharat Malkani Chairman Prabhu Pal Founder & CEO Oliver Adam Co-founder

Max Aero has been created to be India's leading Aerospace and Defense products and services provider.

PROLIM is a global company focused on product innovaon by leveraging IT and PLM Technologies.

X-Operaons flight operaons support center specializes in outsourcing operaons services to aircra operators, pilots and aircra owners 24 hours day and 365 days a year

Europe's aerospace companies stand as vanguards of innovaon, propelling the aviaon industry forward with unwavering dedicaon to precision and excellence. From renowned manufacturers to pioneering startups, Europe's aerospace sector epitomizes technological prowess and global compeveness.

With a disnguished heritage of aviaon accomplishments and an unyielding commitment to progress, European aerospace enes persistently redefine the boundaries of possibility. Whether it's the iconic crasmanship of an Airbus aircra, the engineering finesse of a Safran propulsion system, or the groundbreaking endeavors spearheaded by the European Space Agency, Europe's aerospace industry epitomizes the ethos of innovaon ingrained within the connent's fabric.

Advancing Europ e ' s rotceS ecapsoreA

Amidst evolving aviaon dynamics and emergent challenges, Europe's aerospace firms steadfastly uphold their commitment to sustainability, safety, and technological preeminence. From migang emissions through electric propulsion to revoluonizing urban air mobility with cung-edge eVTOL aircra, European aerospace enterprises lead the charge in shaping the aviaon landscape of tomorrow.

As we commend the achievements of Europe's aerospace sector, it is imperave to acknowledge the collecve contribuons of adept professionals, visionary leadership, and collaborave partnerships driving innovaon forward. Together, through the latest edion of Europe's 10 Most Prominent Aerospace Companies in 2024, we ancipate a future where European aerospace enterprises connue their ascent to unparalleled heights, inspiring successive generaons and charng the trajectory of aviaon progress.

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Eenne de Verdelhan & Agnès Debains

Co-founders

Airfree

Pioneering a Revoluon in Innovave Inflight Experiences

Europe's 10 Most Prominent Aerospace Companies in 2024

Following years of dedicated research and development, Airfree achieved a signicant milestone with the launch of its solution on one of the world’s most prestigious airlines, Singapore Airlines.

Trailblazing Approach to Inflight Advancement!

Theinflightexperiencehaslongbeenstagnant,with limitedoptionsforpassengersbeyondbasic amenities.However,awaveofinnovationis transformingtheskies,andonecompanyattheforefrontof thischangeisAirfree.Foundedin2016,Airfreehas developedacutting-edgee-commerceplatformthatis revolutionizingthewayweshopandinteractwithcontent onboard.

Airfree’sinnovativeplatformreplacesoutdatedpaper catalogsandtrolleyswithaconvenientanduser-friendly digitalsolution.Passengerscannowbrowseavastonline catalogofproductsandservices,fromduty-freeitemstofood andbeverages,allfromtheirseatscreensorpersonaldevices. Thisseamlessexperienceallowspassengerstomake informedpurchasesandreceivetheirordersattheir convenience,eitherduringtheirflightoruponarrivalattheir destination,ordirectlyathome.Leadingthischargetowards amorepersonalizedandenrichinginflightexperiencearetwo visionaryCo-founders:EtiennedeVerdelhanandAgnès Debains.Withtheircombinedexpertiseintechnology, e-commerce,andretail,theyhaveshapedAirfreeintoaforce forpositivechangewithintheaviationindustry,makinga tremendousimpactonourexperiences.

Let’s delve in to learn more about their transformative approach:

RevolutionizingInflightExperiences

In2016,EtienneandAgnèsco-foundedAirfree,embarking onanexcitingjourneytoreshapetheinflightshopping experience.

Etienne,thetechaficionado,bringsawealthofexpertisein techsystemsande-commerceplatformdevelopment.His passionforinnovativetechnologiesdrivesAirfree’ssolutions forward.

Agnès,theVPofProduct&Marketing,servesasthe drivingforcebehindAirfree’sproductdevelopment.Her expertiseine-commerce,retail,andtravelretailproject managementensuresthatAirfree’sofferingsarebothcuttingedgeandalignedwiththeevolvingneedsofpassengersand airlines.

Together,EtienneandAgnèsformadynamicduounitedby acommongoal:torevolutionizetheinflightretail&content displayexperienceandprovidepassengersandairlineswith thebestsolutionstheindustryhastooffer.

RevolutionizingInflightRetail

Movingbeyondpapercatalogsandtrolleys,Airfree introducesarevolutionarye-commerceplatformthat transformstheinflightshoppingexperience.Passengers nowhaveaccesstoavastonlinecatalog,conveniently browsingandplacingordersfromtheirseatscreensor smartphonesduringtheirflight.Airfreefurtherenhances theexperiencewithflexibledeliveryoptions,allowing passengerstochoosedeliveryattheairport,theirhome, orevenonaconnectingorreturnflight.

Airfree’saimistoseamlesslyintegrateonboardretailof duty-freeproducts,services,food,andevendigitalcontent intotheflightexperience.ThisSaaS-basedsolution empowersconnectedairlinestoofferadiverserangeof products,personalizedrecommendations,andsecure paymentoptions.Advancedfeaturesincludeofflinesearch capabilities,personalizedcatalogsbasedonroute information,loyaltypointintegration,andmuchmore.

Airfree’ssemi-embeddedplatform,specificallydesignedfor inflightuse,optimizesbandwidthusageandreduces satelliteconnectioncosts.Thisensuresreliableandfast browsingofupdatedcontentforpassengers,settingAirfree apartfromcompetitorswhosolelyutilizeembeddedoffline contentorground-basedplatformsreliantonconstant connectivity.

SoaringAboveRetailtoRevolutionizetheInflight Experience

Followingyearsofdedicatedresearchanddevelopment, Airfreeachievedasignificantmilestonewiththelaunchof itssolutionononeoftheworld’smostprestigiousairlines, SingaporeAirlines.In2021,Airfreeintegratedits e-shoppingsolutionwiththeKrisWorldin-flight entertainmentsystem,enablingpassengerstobrowseand purchasefromtheKrisShope-commerceplatform.This integrationofferspassengersaccesstoanextensive selectionofover4,000products,rangingfromexclusive airlinemerchandisetobeautyproducts,fragrances, electronics,andliquor,allatduty-freeprices.Passengers canconvenientlychoosedeliveryontheirnextSingapore Airlinesflightordirectlytotheirhomes.

Buildingonthissuccess,Airfreehassecuredapartnership withEmirates,equippingtheirnewaircraftwithitseshoppingsolution.ThiscollaborationwillallowEmiratesto offertheirEmiratesRedproductsfordigitalshopping onboard.

Moving beyond paper catalogs and trolleys, Airfree introduces a revolutionary e-commerce platform that transforms the inight shopping experience.

Airfree’sachievementsextendbeyondthesepartnerships, astheyactivelyengagewithmajorairlinesacrossAsia, Europe,andtheMiddleEastthrougharobustcommercial pipeline.ThiscontinuedexpansiondemonstratesAirfree’s commitmenttorevolutionizingtheinflightshopping experienceforbothpassengersandairlines.

Whileinitiallyfocusedonrevolutionizinginflightretailfor duty-freeproductsandfood&beverage,Airfreehas expandeditsportfoliointhepastyeartooffera comprehensivesuiteofservicesdesignedtoenhancethe passengerexperience.

InJuly2023,AirfreelauncheditsE-menusolutionon SingaporeAirlines.Thisinnovativeplatformallows passengerstoexploreacuratedselectionofmealstailored tospecificcabinclassesandflightroutes.Themenuis updatedpriortoeachflighttoensureaccuracyand accommodateanylast-minutechanges.Airfreehas developedasolutionforinflightservicesales.Passengers cannoweffortlesslyupgradetheirseats,accessexclusive amenities,orindulgeinpremiummeals,allfromthe comfortoftheirseats.

Leveragingtheiradvancedtechnology,Airfreeenables airlinestodisplaydynamiccontentofflineonvarious devices,includingseatbackscreensandpersonaldevices. Thisopensupaworldofpossibilities,allowingairlinesto showcasereal-timenewsfeeds,e-magazines,videos, personalizedAI-poweredoffers,destinationhighlights,and more!

Throughthesediverseofferings,Airfreedemonstratesits commitmenttoprovidingacomprehensiveandenriching inflightexperienceforbothpassengersandairlines.

MinimizingBandwidth,MaximizingExperience

AmongAirfree’smostnotableinnovationsisthe developmentofitspatent-pendingsemi-embedded technology Thisgroundbreakingapproachenablescontent updatesontheplane’sserversbeforeeachflight,leveraging groundconnectivityforefficiency.

Airfree’ssystemcleverlysynchronizescontentwithan onboardservercontainer,ensuringseamlessbrowsingfor passengersduringflighttimewithoutrelyingonsatellite bandwidth.Real-timesatelliteconnectionissolelyusedfor thecheckoutphase,includingprocessingprices, promotions,stockavailability,payments,andorders.

ThisinnovativeapproachallowsAirfreetosignificantly reducesatelliteconnectioncostsforairlinesandoptimize

bandwidthusage.Infact,Airfree’sbandwidthconsumption isdemonstrablylower,approximately200timeslessthana typicalground-basedwebsite.

Byminimizingbandwidthusage,Airfreedeliversafast, smooth,andhighlyefficientexperienceforpassengers throughouttheirjourney,settingthemapartfromtraditional inflightcontentsolutions.

ACatalystforAncillaryRevenueandPassenger Experience

Agneshighlightstwokeytrendsinfluencingtheaviation industryinEuropeandglobally:theincreasingimportance ofancillaryrevenueandtheevolvingfocusonpassenger experience.

Ancillaryrevenue,representingaround15%ofglobal airlinerevenuesin2022,playsacriticalroleinairline profitability.However,onboardretail,asignificantsegment withinthecategory,remainedunderutilizeddueto technologicallimitations.Airfree’sinnovativesolution addressesthischallenge,enablingairlinestounlocknew onboardrevenuestreamsbyofferingadiverserangeof productsandservicesduringflights.

Thesecondtrend,enhancingpassengerexperience,goes beyondsimplytransportingpassengers.Airlinesnowaspire toprovideaholistictravelexperiencethroughpersonalized services,expandedin-flightentertainmentoptions, improvedconnectivity,andupgradedcabininteriors.This shiftreflectsthegrowingrecognitionofthepassenger experienceasakeydifferentiatorinacompetitivemarket.

GreenSkiesforSustainableInflightShopping

Agnesemphasizesthegrowingconcernforenvironmental consciousnessintheaviationindustryandhighlights Airfree’sdigitalsolutionasakeydriverofsustainabilityin inflightretail.

Airfreeaddressestheenvironmentalchallengesassociated withtraditionalinflightduty-freeservicesbyeliminating theneedtotransportunsoldproductsandpapercatalogson everyflight.Thisinnovativeapproachreducesthecarbon footprintassociatedwithtransportation,minimizeswaste generated,andalignswithairlines’effortstowardsamore environmentallyresponsiblefuture.

ByadoptingAirfree’sdigitalplatform,airlinescan demonstratetheircommitmenttoenvironmental sustainability,reducetheiroperationalcarbonfootprint,and contributetoamoreeco-consciousaviationindustry

LeveragingPartnershipsforIndustryLeadership

EtienneunderscoresthesignificantroleofAirfree’s collaborationsandpartnershipsindrivingthecompany’s success.Notably,partnershipswithleadingInflight EntertainmentandConnectivity(IFEC)suppliershave yieldedseveralkeybenefits.

Firstly,thesepartnershipsensureseamlessintegrationand compatibilityofAirfree’ssolutionwithinthebroaderIFEC ecosystem.Thiscompatibilityiscrucialforairlinesto confidentlyadoptnewtechnologywithoutdisruptingtheir operations.ByworkingwithestablishedIFECproviders, Airfreesimplifiesintegrationandoffersairlinesreassurance throughwell-testedsolutions.

Secondly,bybeingincludedbydefaultinthesystemsof majorIFECproviders,Airfreegainssignificantindustry visibilityandpositionsitselfasareadilyavailableand endorsedsolution.Thisrecognitionfurthercements Airfree’spositionasaleadinginnovatorininflightservices.

Airfree’sstrategiccollaborationshavenotonlyfacilitated itsowngrowthbutalsoprovidedairlineswithatrustedand well-integratedsolutionfortheirinflightoperations.

DemystifyingtheComplexitiesofDigitalOnboardSales

Whiledigitalonboardsalesmayappearstraightforward, Etienneemphasizesitsinherentcomplexityduetoseveral factors:

Limitedbandwidth:Inflightbandwidthremainslimited andexpensive,makingthedirectadoptionofground-based e-commerceplatformsimpractical.Airfree’ssemiembeddedsolutionaddressesthischallengebypre-caching contentononboardserversbeforeeachflight,minimizing relianceonlivesatelliteconnections.

Accessibilityacrossplatforms:Theneedforonboardsales accessibilityonseatbackscreens,notjustpersonaldevices, necessitatespartnershipswithInflightEntertainment& Connectivity(IFEC)providers.Airfreeprioritizesthese partnershipstoensurecompatibilitywithdiverseIFEC systemsemployedbyairlines.

CompatibilitywithmultipleIFECsystems:Airlinesoften usedifferentIFECsystemsacrosstheirfleetduetovarying aircraftmodelsandgenerations.Airfree’ssolutionmustbe compatiblewithallexistingIFECsystemstoofferseamless integrationforairlines.

Limitedcapabilitiesofonboardservers:Longlifecycles andstringentcertificationprocessesresultinrestrictedCPU andmemorycapabilitiesononboardservers.Airfree’s systemishighlyoptimizedtoperformwithinthese limitations,ensuringasmoothuserexperience.

Contentupdates:ExistingIFECsolutionsrelyonmanual monthlyupdatesforstaticcontentlikemoviesandgames, restrictingflexibilityanddynamism.Airfree’sunique “prefetch”processallowsfordynamiccontentupdates beforeorduringtheflight,ensuringpassengershaveaccess tofreshandrelevantinformation.

Securityconsiderations:Secureaccesstoaircraftsystems andthedevelopmentofresilientonboardcomponentsare crucialduetosecurityconsiderations.Airfreeprioritizes theseaspectsinitsdevelopmentefforts,ensuringasecure andreliableplatformforairlinesandpassengers.

EtienneconcludesbyhighlightingAirfree’suniqueposition asthesoleindependent,white-labelSaaSsolution addressingallpainpointsforairlines,makingitaleading forceinthedigitalonboardsaleslandscape.

SoaringTowardsInnovationandGrowthPartnerships

EtienneoutlinesAirfree’sambitiousplansforthefuture.As thecompanylookstowards2024,itremainscommittedto continuousinnovationandexploringnewopportunitiesto enrichthepassengerexperiencefurther Tofuelthisgrowth, Airfreeactivelyseekspartnershipswithambitiousentities thatsharetheirvisionforsettingnewstandardswithinthe aviationindustry.

ExpertAdvice

Agnes: My advice is to stay agile, embrace technology, and be open to collaboration. Focus on delivering exceptional experiences to passengers and be prepared to adapt to changing industry trends and customer expectations.

Etienne: I would encourage aspiring professionals to be innovative, persistent, and open to learning. Building a successful start-up in the aero field requires a passion for the industry and the willingness to work hard to achieve your goals… as well as some patience!

Airfree’s achievements extend beyond these partnerships, as they actively engage with major airlines across Asia, Europe, and the Middle East through a robust commercial pipeline.

THE WRIGHT BROTHERS CREATED FORCE SINCE THE INVENTION OF THE FIRST WORLD WIDE WEB, IDEAS, AND

THE SINGLE GREATEST CULTURAL WRITING. THE AIRPLANE BECAME BRINGING PEOPLE, LANGUAGES, VALUES TOGETHER.

From Childhood Dreams to Global Impact - Pioneering Change in Aircraft Spare Parts Supply!

Haveyoueverwonderedwhatpropelsthedreamers, theoneswholookupattheskyandseenotjust cloudsbutpossibilities?

BaderAl-Kalaldeh,thevisionaryFounderandCEOof BAKAircraftParts,isonesuchdreamer,transforminghis childhoodfascinationwithaviationintoaremarkable journeyinthesparepartssupplyindustry

Inthedynamicworldofaviation,whereinnovationand precisionarethecornerstonesofprogress,hehasemerged asatrailblazer,carvinganicheforhimselfandhis company,BAKAircraftParts.Withoversixandahalf yearsdedicatedtohoninghisskillsandexpertiseinthe aviationsector,Bader'spassionforflighthasbecomethe drivingforcebehindhiscommitmenttoexcellence.

Hisjourneyisnotjustaprofessionaltrajectory;it'sa storyofunwaveringdedicationandcontinuousselfimprovement.Hisnotablecontributionsextendbeyondthe boardroom,withfiveprofessionalarticlespublishedonthe world'slargestaviationwebsite.Thesearticlesnotonly showcasehisin-depthknowledgebutalsounderscorehis commitmenttosharinginsightsandfosteringgrowthwithin theaviationcommunity.

AttheheartofBAKAircraftPartsisacommitmentto innovationandserviceenhancement.Inhispreviousrole, hespearheadedthedevelopmentofagroundbreakingapp feature,providingessentialflightcomputationsand calculationsforflightoperations.Thisinnovationnotonly reflectshistechnicalprowessbutalsohisforesightin leveragingtechnologytoimproveefficiencyintheaviation sector.

Militaryapplicationshavehistoricallypropelledaviation advancements,influencingboththedefenseandcivilian sectors.Bader,withhisdeep-rootedpassionandextensive experience,standsattheintersectionoftheserealms, contributingtothebroadertrajectoryofaviationprogress.

Below are the interview highlights:

Canyousharetheinspirationbehindfounding"BAK AircraftParts"andhowtheideaforanall-in-one aircraftpartssuppliercameabout?

Theideaforanall-in-oneaircraftpartssupplierwasborn outofadeepunderstandingofthecomplexitiesinvolvedin maintainingandservicingaircraft.Irealizedthatby consolidatingvariousaspectsofthesupplychain,weat BAKcouldofferaone-stopsolutionforaviationcustomers. Thisapproachwouldnotonlystreamlinetheprocurement processbutalsoprovidesignificantbenefitsintermsof cost-effectiveness,inventorymanagement,andoverall operationalefficiency

Inmylastrole,Idevelopedanewappfeaturethatprovides essentialandusefulflightcomputationsandcalculationsfor flightoperationslink:

https://play.google.com/store/apps/details?id=com.bak flight.calculator&pli=1

Whatsets"BAKAircraftParts"apartfromother suppliersintheaviationindustry,andhowdoyou ensureacomprehensiveinventoryforAirbus,Boeing, Gulfstream,andEmbraerparts?

BAKAircraftPartssetsitselfapartfromothersuppliersin theaviationindustrybyofferingacomprehensiveinventory ofAirbus,Boeing,Gulfstream,andEmbraerparts.They ensurethisbymaintainingstrongrelationshipswith manufacturersanddistributors,utilizingadvanced inventorymanagementsystems,andemployingateamof experiencedprofessionalsdedicatedtosourcingand stockingawiderangeofaircraftparts.

Managingpartsforvariousaircraftandenginesis complex.Howdoyouensuretheaccuracyandqualityof thepartssuppliedtomeetindustrystandards?

Toensuretheaccuracyandqualityofpartssuppliedfor variousaircraftandengines,wedothefollowing:

• QualityControl:Implementarigorousqualitycontrol processthatincludesinspection,testing,and documentationtoensurethatallpartsmeetindustry standards.

• MaterialCertification:Ensurethatallmaterialsusedin themanufacturingprocessmeettherequired specificationsandarecertifiedbyareputablethirdpartyorganization.

• DesignandDevelopment:Useadvancedcomputeraideddesign(CAD)softwareandfiniteelement analysis(FEA)todesignanddeveloppartsthatmeet industrystandardsandperformasexpected.

Couldyouelaborateonyourexperienceintheaviation industrybeforeestablishing"BAKAircraftParts"and howitinfluencedyourapproachtothebusiness?

Beforeestablishing"BAKAircraftParts,"Igained extensiveexperienceintheaviationindustry,workingin variousrolessuchaspartsprocurementandsupplychain management.Thisexperienceprovidedmewithadeep understandingoftheindustry’sneeds,challenges,and standards,influencingmyapproachtoestablishing"BAK AircraftParts"withafocusonprovidinghigh-quality, reliableaircraftpartsandexceptionalcustomerservice.

Giventhediverserangeofaircraftandenginesyou caterto,howdoyoustayupdatedwiththelatest advancementsandchangesintheaviationindustry?

Tostayup-to-dateinthemarketasanall-in-oneaircraft partssupplier,weutilizeindustrypublications,attendtrade showsandconferences,maintainstrongrelationshipswith manufacturersandsuppliers,andcontinuouslymonitor markettrendsandtechnologicaladvancements.

Canyoushareanotablesuccessstoryorachievementof "BAKAircraftParts"thathighlightsyourcompany's commitmenttocustomersatisfactionandindustry excellence?

BAKAircraftPartshasanotablesuccessstorythat exemplifiesthecompany’sunwaveringcommitmentto customersatisfactionandindustryexcellence.Onesuch achievementisthesuccessfulcollaborationwithamajor airlinetoprovidecustomizedaircraftpartsthatsignificantly improvedtheefficiencyandsafetyoftheirfleet.

TheairlineapproachedBAKAircraftPartswithaspecific needforacriticalcomponentthatwasessentialforthe optimalperformanceoftheiraircraft.

BAKAircraftPartsnotonlydeliveredtherequiredparts withinaremarkablyshorttimeframebutalsowentabove andbeyondbycustomizingthecomponentstoenhance theirdurabilityandfunctionality

Inthecompetitiveaviationpartsmarket,howdoyou buildandmaintainstrongrelationshipswithclientsand supplierstoensurereliableandtimelyservices?

Tobuildandmaintainstrongrelationshipswithclientsand suppliersinthecompetitiveaviationpartsmarket,itis essentialtoprioritizeclearcommunication,reliability, transparency,andintegrity Thisinvolvesunderstandingthe needsofclientsandsuppliers,deliveringoncommitments, providingexcellentcustomerservice,andfosteringtrust throughconsistentandethicalbusinesspractices.

Consideringtheglobalnatureoftheaviationindustry, howdoes"BAKAircraftParts"navigateinternational regulationsandlogisticstofulfillclientorders efficiently?

BAKAircraftPartsnavigatesinternationalregulationsand logisticsbyensuringcompliancewithaviationauthorities

suchastheFederalAviationAdministration(FAA)andthe EuropeanUnionAviationSafetyAgency(EASA).Also,we workcloselywithcustomsagenciestomanageimportand exportrequirementsanduseefficientshippingmethodsto fulfillclientorderspromptly.

AsthefounderandCEO,whatleadershipqualitiesdo youbelievehavebeencrucialtothesuccessandgrowth of"BAKAircraftParts"intheindustry?

• VisionaryLeadership:Theabilitytoenvisionthefuture ofthecompanyandtheindustryandtoinspireand motivateotherstoworktowardsthatvision.Thishas involvedsettingcleargoalsandprioritiesandmaking strategicdecisionsthatalignwithourvision.

• InnovativeThinking:Encouragingacultureof innovationandexperimentationandbeingopentonew ideasandperspectives.Thishashelpedustostayahead ofthecompetitionandtodevelopnewproductsand servicesthatmeettheevolvingneedsofourcustomers.

• StrongCommunication:Effectivecommunicationwith employees,customers,andstakeholdershasbeen essentialforbuildingtrust,resolvingconflicts,and ensuringthateveryoneisworkingtowardsthesame goals.Thishasinvolvedactivelistening,transparent communication,andawillingnesstoreceiveandacton feedback.

A Comprehensive Overview of Europe's INDUSTRY AERO SPACE

Europe'saerospaceindustrystandsasabeaconof innovation,excellence,andglobalcompetitiveness. Witharichhistorydatingbacktotheearlypioneers ofaviation,Europehasconsistentlybeenattheforefrontof aerospacetechnology,manufacturing,andresearch.Further, wedelveintothevariousfacetsofEurope'saerospace industry,exploringitsachievements,challenges,andfuture prospects.

HistoricalFoundations

TherootsofEurope'saerospaceindustrytracebacktothe Wrightbrothers'firstpoweredflightin1903,ignitinga waveofenthusiasmforaviationacrossthecontinent. Throughoutthe20thcentury,Europeannationsmade significantstridesinaerospacetechnology,withmilestones suchasthedevelopmentofthejetengine,supersonicflight, andspaceexploration.

LeadingPlayersandInnovationHubs

Europeboastsadiverselandscapeofaerospacecompanies, rangingfrommultinationalgiantstoinnovativestartups. Airbus,headquarteredinToulouse,France,standsasoneof theworld'sleadingaircraftmanufacturers,renownedforits cutting-edgecommercialairliners.

OtherkeyplayersincludeSafran(France),Rolls-Royce (UK),ThalesGroup(France),andLeonardoS.p.A.(Italy), eachcontributingexpertiseinareassuchaspropulsion systems,avionics,defensetechnology,andspace exploration.

Inadditiontoestablishedcorporations,Europenurtures vibrantinnovationhubsandresearchinstitutions.The EuropeanSpaceAgency(ESA),headquarteredinParis, collaborateswithmemberstatestopioneerspace explorationmissions,satellitetechnology,andEarth observationinitiatives.Meanwhile,clusterslikethe ToulouseAerospaceHubandtheMunichAerospaceCluster fostercollaborationbetweenindustry,academia,and government,drivingtechnologicalbreakthroughsandtalent development.

KeyChallengesandOpportunities

Despiteitsstrengths,Europe'saerospaceindustryfaces severalchallengesinanincreasinglycompetitiveglobal landscape.Intensemarketpressures,geopolitical uncertainties,andtechnologicaldisruptionsposesignificant hurdlesforcompaniesseekingtomaintaintheircompetitive edge.Moreover,risingconcernsoversustainabilityand environmentalimpactnecessitateashifttowardsgreener aviationsolutions,promptinginvestmentsinelectric propulsion,biofuels,andcarbon-neutraltechnologies.

However,amidstthesechallengeslieampleopportunities forgrowthandinnovation.Europe'semphasisonresearch anddevelopment,coupledwithrobustregulatory frameworks,positionsthecontinentasafertilegroundfor aerospaceinnovation.

InitiativessuchasHorizonEuropeandCleanSky2foster collaborativeresearchprojects,drivingadvancementsin aerospacetechnologywhileaddressingsocietaland environmentalchallenges.

SustainableAviationandEnvironmentalResponsibility

Astheaviationindustryconfrontsmountingpressureto reduceitscarbonfootprint,sustainabilityhasemergedasa toppriorityforEuropeanaerospacecompanies.The developmentofmorefuel-efficientaircraft,theuseof sustainableaviationfuels(SAFs),andinvestmentsin alternativepropulsiontechnologiesareamongthestrategies employedtomitigateenvironmentalimpact.Additionally, initiativesliketheSingleEuropeanSkyATMResearch (SESAR)programaimtooptimizeairtrafficmanagement, reducingfuelconsumptionandemissionsthroughenhanced efficiency.

EmergingTechnologiesandDigitalTransformation

Theadventofdigitalizationandemergingtechnologiesis reshapingtheaerospacelandscape,offeringnew opportunitiesforefficiency,safety,andpassenger experience.Fromadditivemanufacturingandroboticsto artificialintelligenceandblockchain,Europeanaerospace companiesareembracingdigitaltransformationto streamlineproductionprocesses,enhancepredictive maintenance,andoptimizeaircraftperformance.Moreover, advancesinconnectivityandin-flightentertainmentare revolutionizingthepassengerexperience,pavingtheway foraneweraofpersonalizedairtravel.

CollaborativeVenturesandInternationalPartnerships

Inaneraofglobalinterconnectedness,collaboration,and partnershipsplayavitalroleindrivinginnovationand competitiveness.Europeanaerospacecompaniesactively engageincross-bordercollaborations,jointventures,and strategicalliancestoleveragecomplementaryexpertise, accessnewmarkets,andsharedevelopmentcosts.The Airbusconsortium,aprimeexampleofsuccessful internationalcooperation,bringstogetherpartnersfrom acrossEuropetodesign,manufacture,anddeliverworldclassaircraft.

FutureOutlookandBeyond

Lookingahead,Europe'saerospaceindustryispoisedfor continuedgrowthandevolution,propelledbyaspiritof innovation,collaboration,andresilience.Fromnext-

generationaircraftandspaceexplorationmissionsto sustainableaviationsolutionsanddigitaltransformation, theindustryisatthecuspofunprecedentedchange.As Europenavigatesthecomplexitiesofarapidlyevolving globallandscape,itsaerospaceindustryremainssteadfastin itscommitmenttopushingtheboundariesofwhatis possible,exploringnewheights,andshapingthefutureof flight.

In conclusion,Europe'saerospaceindustrystandsasa testamenttothecontinent'singenuity,vision,and unwaveringpursuitofexcellence.Withalegacyrootedin pioneeringachievementsandafutureguidedbyinnovation andsustainability,Europecontinuestoinspiretheworld withitsadvancementsinaerospacetechnologyand exploration.Asweembarkonthisjourneyofdiscoveryand progress,theskyisnotthelimit—rather,itisthebeginning ofendlesspossibilities,waitingtobeexploredand conquered.

Safetyisthetoppriorityinaviationandtransportation. Groundoperationsinvolvenumerousactivitiessuch asaircraftservicing,loading/unloading,refueling, andmaintenance,allofwhichmustbeexecutedwith precisiontopreventaccidents,injuries,andfatalitiesto passengers,crewmembers,andgroundpersonnel.

GSEbusinessesprovidetheequipmentandservices necessaryforthesafeandefficientoperationofairports, airlines,andothertransportationhubs.Groundsupport equipmentsuchasbaggagehandlingsystems,aircrafttugs, fueltrucks,andde-icingequipmentisessentialforensuring thataircraftareserviced,loaded,andpreparedfordeparture inatimelyandsecuremanner

HiSERV,ledbyRolandUeckert,arenownedbusiness fromthissector,starteditsrentalGSEbusinessin2017 withthesamemissionofdeliveringpremiumquality,great flexibility,andfairandtransparentprices.

ADiversePortfolio

TheideaofHiSERVwasbornin2016,andin2017,the companystarteditsrentalGSEbusiness.HiSERVtoday managesover5.000differentkindsofGSEs,beginning fromsmalloneslikebaggagedolliestolargerGSEslikedeicingtrucksorhighloaders.HiSERVoffersvariousGSE rentalsolutionswithmaximumflexibility.Fromdryrental (rentonly,fixedpriceperhourorpermonth)tofull-service rental(includesmaintenanceandmanagementoftherented vehicles)andGSEpoolingoptions–everythingispossible andaccordingtocustomerneedsandrequirements.

IthasworkshopsatBerlinandOsloairportsaswellas workshopsclosetoFrankfurtandLeipzig,whichare outsidetherestrictedarea.Here,HiSERVmanagesallkinds ofrepairsforGSEand“regular”vehicles.

Additionally,itsportfolioincludestheSmartTRACKING andSmartFLEETservices.Real-timetrackingenablesthe

customertooptimizevehicleusage–thecustomerknows exactlywheretheGSEislocated,whatitiscurrentlybeing usedfor,andwhatcostsarebeinggenerated.Additionally, knowingwhichmaintenancemeasureswillbenecessary nextweeknotonlyenablesthecompanytoreduceGSE downtimesbutalsototaketheentireGSEmanagementto thenextlevel:that’ssmartGSE.

MeetingCustomers’NeedsOptimally

In2023,thecompanywasabletodelivermorethan750 newGSEstoitscustomers.

Especiallygreen-electricGSE,whichisaverybigtopicfor theindustry.HiSERVisplanningtoinvestandincreaseits electricfleetaccordingly Thecustomerspreferquick answersontheavailabilityofGSE.Thecompanydepends onthemanufacturers’deliverytimeswhenorderingnew GSEs.HiSERVstrivestomakenewGSEsavailable accordingtocustomerrequests.Therefore,HiSERVknows theexacttimeofavailability.

“The company’s potential is its values of flexibility, professionalism, and quality at a fair price –EASIER.BETTER.SMARTER”

ImprovingGSEEfficiency

SmartFLEETisHiSERV´sfleetmanagementsystem,but it´snotjustasystemorasolution;it’sevenmore.Together withitsconsultingservices,HiSERVhelpscustomersand partnersoptimizetheirwholeGSEfleet.Theholistic approachiseasytoexplain– “track your GSE units, learn through transparency, and manage your GSE fleet accordingly.” Overall,thisresultsinreducingcostsand improvesGSEefficiencyandavailability.Predictive maintenanceinformationadditionallyincreasesthesafety levelsofGSE,andthegeneralaircrafthandlingandground handlingdelayscausedbyGSEwillbereduced.

RolandUeckert HiSERVGmbH

OtherHiSERVproducts,suchasSmartCHARGER,a mobilecontainerofferingchargingoptionstoallkindsofevehicles,orSmartTRAINER,aground-handlingtraining device,areadditionaltechnologiesforclients.

ExpandingtheRoots

HiSERVisstillaveryyoungcompanythatstartedfrom scratch.Itexpandedanddevelopeditsportfolioaccording tocustomerneeds.Allitsservices–SmartRENTAL, SmartTRACKING,SmartFLEET,SmartWORKSHOP, SmartCHARGER,andSmartTRAINER,havebeen developedtogetherwithclientsandpartnerstomeettheir demandsandexpectations.Thecompanyassistscustomers ineverynecessityofGSEorgroundhandlingbusiness.

HiSERVexpandeditsrentalbusinessalloverEurope,from theNorth(Scandinavia)totheSouth(Portugal).Germany iscurrentlythetopmarketforthecompany,anditwantsto strengthenitsbusinesshereandinotherEuropeancountries.

We foster innovaon, teamwork, and connuous improvement by promong a culture that values open communicaon, encourages risk-taking, and recognizes and rewards contribuons.

We are a very young company that started from scratch. It expanded and developed its porolio according to customer needs.

IncorporatingImpeccableInfrastructure

HiSERVinvestsalotinelectricGSE,butitstilldependson thecustomerandalsoonairportinfrastructure.The companyhasseenthatfullelectricturnaroundsarepossible iftheairportinfrastructureisavailable.In2023,HiSERV changeditsbaggagetractorstolithiumbatteries,asitwas observedthatlifecyclecostscouldbereducedagainstleadacidbatteries.

Also,itsSmartCHARGERproductisdesignedforcustomers/airportswithahighnumberofelectricvehicles.

OvercomingAdversities

ThemostchallengingtimeforHiSERVwasthepandemic in2020andtheyearafterthat.Nevertheless,duringthe COVIDcrisis,thecompanyinvestedinnewandparticular greenGSE,whichwassuccessful.Afterrecoveringground handlersandairports,theyrequestedadditionalGSE,which HiSERVwasabletoofferinduetime.However,ithasalso beenchallengingduetoextendedsupplychainsandthe averageavailabilityofrawmaterials.Thisresultedinlonger deliverytimesforthenewGSEaswellasfortechnical spareparts.However,2023wasasuccessfulyearfor HiSERV,andthecompanywantstokeepmovingonthat path.

CommitmenttoInnovation

HiSERVhassignificantlyexpandeditspresenceinEurope andincreaseditsfleetto5,000units.WhileGermany remainsitscoremarket,HiSERVhasplacedaspecial emphasisonthegrowingimportanceofPortugal.The companyhassuccessfullyacquirednewclientsand strengthenedpartnershipswithexistingcustomersthrough theintroductionofadditionalservices.AlthoughEurope

remainsitsmainmarket,HiSERVisopentothepossibility ofexpandingitsservicestocountriesoutsideofEurope.

ItsnewworkshopinLeipziginthemiddleofEuropewill gainmorebusinessregardingGSEmaintenance,andthe implementationofitsSmartFLEETtocustomersisthe company’sgoalfor2024andtheupcomingyears.The companythinksthatGSEconsultingserviceswillbecome moreandmoreimportant,andthereisstillroomfor improvement.HiSERVwantstokeepitsvaluablerelationshipswiththeclientsandlearnfromtheirfeedback.

ReinforcingaCultureofAchievement

HiSERVfostersinnovation,teamwork,andcontinuous improvementbypromotingaculturethatvaluesopen communication,encouragesrisk-taking,andrecognizesand rewardscontributions.Providingopportunitiesforskill development,cross-functionalcollaboration,andfeedback mechanismsalsoplayacrucialroleincultivatinga dynamicandforward-thinkingworkenvironment.

HiSERVencouragesitsemployeestoshareideasfreelyand createsasupportiveenvironmentforexperimentation.The companyestablishesregularbrainstormingsessionsand providesdedicatedtimeforcreativepursuitstostimulate innovation.HiSERVfosterscollaborationthroughcrossfunctionalprojectsandteam-buildingactivities,with clearlydefinedgoals,effectivecommunicationchannels, andrecognitionofcollectiveachievementscontributingtoa positiveteamculture.

Continuousimprovementisencouragedthroughfeedback loops,bothformalandinformal,andcustomizedtraining programssupportongoingskilldevelopment.HiSERV acknowledgesandcelebratesindividualandteamsuccesses toreinforceacultureofachievement,withrecognitionand rewardsplayingavitalrole.Thecompany’sleadershipstyle promotestrustandempowerment,contributingtoa thriving,innovative,andcollaborativeworkplace.

Thecompanybelievesthat,ontheonehand,theaerospace industryisverydynamicandcontinuouslychanging.Each dayinthisindustryisdifferentanddemandsflexibility.On theotherhand,processesmaybevery“old-fashioned,”and changescanbedifficulttoimplement.Thisinvolves convincingbusinesspartnersabouttheneedformodifications,whichmightbechallengingandtime-consuming.

However,HiSERVbelievesitisthemostfascinating industry

The Role of Electric Propulsion inEurope's Aerospace Sector

Electricpropulsionhasemergedasadisruptiveforce intheaerospaceindustry,offeringapathwayto greener,moresustainableaviation.InEurope, renownedforitscommitmenttoinnovationand environmentalstewardship,electricpropulsiontechnology israpidlygainingtraction,promisingtorevolutionizeair travelinthecomingdecades.

The role of electric propulsion in Europe's aerospace sector and its transformative impact on the future of flight is explored further!

AParadigmShiftTowardsSustainability

Asconcernsoverclimatechangeandenvironmental sustainabilityescalate,theaviationindustryfacesgrowing pressuretoreduceitscarbonfootprint.Traditionaljet engines,poweredbyfossilfuels,contributesignificantlyto greenhousegasemissions,promptingasearchfor alternativepropulsiontechnologies.Electricpropulsion presentsacompellingsolution,offeringthepotentialto decarbonizeairtravelandmitigatetheindustry's environmentalimpact.

AdvantagesofElectricPropulsion

Electricpropulsionsystemsrelyonelectricmotorspowered bybatteriesorfuelcells,eliminatingtheneedforfossil fuelsandreducingemissions.Comparedtoconventional engines,electricpropulsionoffersseveralkeyadvantages, includingloweroperatingcosts,reducednoiselevels,and improvedefficiency.Moreover,electricaircrafthavefewer movingparts,resultinginsimplifiedmaintenance requirementsandenhancedreliability.

PioneeringInitiativesinEurope

Europehasemergedasagloballeaderinelectricpropulsion researchanddevelopment,spearheadinginitiativesto acceleratetheadoptionofelectricaircraft.TheEuropean Union'sCleanSkyprogram,forexample,funds collaborativeprojectsaimedatdevelopinginnovative technologiestoreduceemissionsandnoisepollutionin aviation.Underthisprogram,Europeanaerospace companiescollaboratewithresearchinstitutionstodesign andtestelectricpropulsionsystemsforvariousaircraft types.

ElectricRegionalAircraft:AGame-Changer

Oneareawhereelectricpropulsionholdsimmensepromise isinthedevelopmentofelectricregionalaircraft.

Thesesmaller,short-haulaircraftarewell-suitedfor electrificationduetotheirrelativelylowpower requirementsandfrequenttakeoffandlandingcycles. EuropeanmanufacturerssuchasAirbusandEmbraerare activelyexploringelectricpropulsionsolutionsforregional aircraft,aimingtodelivercleaner,moreefficient alternativestotraditionalturbopropandregionaljetaircraft.

UrbanAirMobilityandElectricVerticalTakeoffand Landing(eVTOL)Aircraft

Inadditiontoconventionalfixed-wingaircraft,electric propulsiontechnologyisdrivinginnovationinurbanair mobility(UAM)andelectricverticaltakeoffandlanding (eVTOL)aircraft.Theseelectric-poweredvehiclespromise torevolutionizeurbantransportation,offeringasustainable alternativetotraditionalcarsandreducingcongestionin denselypopulatedareas.EuropeanstartupslikeLiliumand VolocopterareattheforefrontofeVTOLdevelopment, workingtocommercializeelectricairtaxisandshuttle servicesincitiesacrossEurope.

InfrastructureChallengesandRegulatory Considerations

Whileelectricpropulsionholdsgreatpromiseforthefuture ofaviation,severalchallengesmustbeaddressedto facilitateitswidespreadadoption.Infrastructurelimitations, includingtheavailabilityofchargingstationsandbattery technology,posesignificanthurdlestothedeploymentof electricaircraft.Moreover,regulatoryframeworksmustbe adaptedtoaccommodatetheuniqueoperational characteristicsofelectric-poweredaircraft,ensuringsafety, reliability,andinteroperabilitywithinexistingairspace systems.

CollaborativeEffortsandIndustryPartnerships

Addressingthesechallengesrequirescollaborationand partnershipacrosstheaerospaceindustry,government agencies,andresearchinstitutions.Europeanaerospace companiesareactivelycollaboratingwithstakeholdersto overcometechnologicalbarriers,streamlinecertification processes,anddevelopstandardsforelectricpropulsion systems.Byleveragingthecollectiveexpertiseand resourcesoftheEuropeanaerospaceecosystem, stakeholdersaimtoacceleratethetransitiontoelectricpoweredaviationandrealizeitsfullpotential.

TowardsSustainableAviation

AsEuropechartsacoursetowardssustainableaviation, electricpropulsiontechnologystandsasacornerstoneofits

strategytoreduceemissionsandmitigateenvironmental impact.Throughcontinuedinvestmentinresearch, innovation,andinfrastructuredevelopment,Europeis poisedtoleadtheglobaltransitiontoelectric-powered flight.Withelectricpropulsiontechnologyattheforefront, Europe'saerospacesectorisonthebrinkofanewera, wheresustainability,efficiency,andinnovationconvergeto shapethefutureofairtravel.

To Conclude,

ElectricpropulsionholdsimmensepromiseforEurope's aerospacesector,offeringatransformativepathwayto sustainableaviation.Byharnessingthepowerofelectric propulsiontechnology,Europeispoisedtorevolutionizeair travel,reduceemissions,andusherinaneweraofcleaner, moreefficientflight.Asstakeholderscollaborateto overcomechallengesandcapitalizeonopportunities,the visionofelectric-poweredaviationisrapidlybecominga reality,pavingthewaytowardagreener,moresustainable futurefortheaviationindustry

Europe's 10 Most Prominent Aerospace Companies in 2024

Theconceptoftheexistenceofhumanlifeonthe

earthmaynotbenew,butpassionforflyingisstill veryenthusiasticandexcitingforeveryone. Perhapssincetheexistenceofourlife,thehumanbeinghas hadthedesiretofly

Thisdesirecameintofruitionwithtechnological advancements.Inthismodernera,technologyhasthe powertodomanythings,anditcanchangetheworldtoo. Oneofthefinestexamplesoftechnologicaladvancementis theaerospaceindustry

Aerospaceisadiverseindustrywithamultitudeof commercial,industrial,andmilitaryapplications.However, theaerospaceindustryrequiresdetailedresearch,excellent engineering,andadevelopmentapproach.

InIndia,theaerospaceindustryisgrowingsignificantly withtherisingactivitiesinthedefenceandcivilaviation sectors.Thissectorisstrengtheningourcountryby providingstrongindustrysupportandacost-effective environmentandplayingakeyroleinthe'MakeinIndia' initiative.

OneleadingnameinthisnicheisMaxAerospaceand AviationPrivateLimitedwhichisboostingtheIndian aerospaceandaviationsectorwiththeobjectivetooffer world-classMROservicestothenewlylaunchedprivate

Airlines.IthasbecomeoneofIndia'sleadingMROforcivil andmilitarysectors.

Inanexclusiveinterviewwith Insights Success,Bharat Malkani,Chairman,shedslightonthecompany'sjourney, thecurrentindustryscenario,andhisvisionforthe company'sfuture

Tellusaboutyourrangeofofferingswhichmakeyour companyasymbolofexcellentqualityandservice.

MaxAerospacehasthefollowingofferings:

Ÿ MROservicesforComponentsforCommercialAircraft

Ÿ MROservicesforFixedWingMilitaryTransports

Ÿ AircraftRoleModification

Ÿ Design,development,andmodificationofmilitary systemsonAircraft

Takingintoconsideration,thecurrentpandemic,andits impactonglobaleconomies,whatchallengesdidyou andyourteamfaceduringtheinitialphaseofthe pandemic,andhowdidyoupivotyouroperationsto overcomethosechallenges?

Thecurrentpandemicwasarevelation;onecouldhave neverimaginedtheskieswithouttheAircrafts.

That'sexactlywhathappenedinMarchlastyearwhenthe aviationindustrywascriticallyhitduetothesudden outbreakofCOVID-19.Asallinternational,aswellas domestic,airportsacrosstheglobewereshutandmostof theaircraftweregrounded,theindustryhasbeenamongthe worsthitbythepandemic,withmanyairlinesforcedto suspendorcloseoperations,disruptingsupplychains globallyandclaimingmillionsofjobs.

Thedownturncausedbythepandemicextendstoall segmentsoftheaviationindustry,includingMRO providers,whichhavebeenparticularlyhardhit.

Ÿ Parkedfleet

Ÿ RetiredAircrafts

Ÿ Retrenchment

However,wehadtotakethischallengeasMRObeingthe supporttoAirlinesandinsteadofshuttingshop,weramped upourfacilitiestooffermorecapabilitiestoourcarriers whowerenowseekingtoreturntheiraircrafttothelessors. WealsosimultaneouslypursuedtheIndianGovernmentto recognizethiscrisisasanopportunityandadvocatedthe establishmentofnewpoliciesthatwouldhelpthegrowthof Indianaviation.Boththesepursuitsweresuccessful

Beinganexperiencedleader,sharewithusyouropinion onwhytheadoptionofmoderntechnologiesisnecessary fortheaerospaceindustryandhowhaveyouleveraged thesetechnologiestodelivercomprehensiveservicesto yourclientele?

Inmyhumbleopinion,notechnologyisasmodernasan aircraftitself.Mans'dreamtoflyisancient.Inthe thousandsofyearsofourexistence,wehavemadetools,

computingdevices,wheelsandsomanynewtechnological advancementsthathaveimprovedthequalityoflife. Aviationisjustoverahundredyearsonly.

Asanorganization,weareconstantlyevolvingand investinginnewtechnologytomakeouraircraftsafer, faster,andmorereliable.Theadoptionofthese technologiesdeliversbetterservicestoourcustomers.To us,thishasbeenthebedrockofMaxAerospaceandisnota newphenomenon.

Whatwouldbeyouradvicetobuddingentrepreneurs whoaspiretoventureintotheaerospacetechniche?

“Builditgoodenoughsoyouareconfidentenoughthat yourownmothercanflyinitanddon'tgiveup.”

Howdoyouenvisionscalingyourcompany'soperations andofferingsin2024?

Giventheaviation-friendlypoliciesinthiscountry,weare rampingupourinfrastructuretobeabletomeetthe challengesofaviationgrowth.Weexpecttodoubleoursize everyyearforthenext5years.Whilethatsounds ambitious,anythinglesserwillnotbeabletoabsorbthe requirementsofIndianaviationalone.