“Asia is emerging as the engine of global Aviation growth,”Mabel Kwan, MD, Alton Aviation, Singapore
According to a new whitepaper released by Alton Aviation Consultancy ahead of Singapore Airshow 2026, “ Asia is emerging as the engine of global Aviation growth, with India, China and Southeast Asia forecast to account for eight of the world’s ten fastest growing air travel markets between 2024 and 2044.” In an exclusive interview, Mabel Kwan, Managing Director at Alton Aviation, Singapore highlights more detail on this report with Vishal Kashyap, Managing Editor of Aviation World where she presents how India is one of the world’s fastest growing Aviation markets, underpinned by robust economic fundamentals and a rapidly expanding middle class. Excerpts… Q: What are the key takeaways from the latest whitepaper of Alton Aviation Consultancy? A: There are few key messages that we wanted to bring out to the public through this whitepaper. Asia continues to be a driver of growth but more specifically, the growth is not just driven by China. We see a rather broad-based growth story across South Asia which will bring a lot more sustainability and the credibility of Asia as an aviation region in the future. The reason why I say that is based on the analysis that the growth for Asia is definitely higher than the whole world in terms of RPK (Revenue Passenger Kilometers). But more interestingly, going forward, eight out of the ten fastest-growing routes will come from the Asia region. That is sort of like the growth story that Asia will bring to aviation. And obviously, different sub-segments have different nuances around this growth story. Q: So, which region will anchor the future global air travel demand among India, China and Southeast Asia? A: I think China and India for sure. But as a region, Southeast Asia region will begin to be positioned up there from the China and India perspective as well. Q: What are the factors taken into consideration before compiling such an extensive Whitepaper? A: We wanted to understand in terms of what are some of the macroeconomic factors that the Aviation stakeholders will be concerned about. So, things like tariffs, geopolitical circumstances and in general, affecting supply chains. How are the stakeholders reacting to it because we’ve done a lot of work from both across the Aviation value chain. We refine some of these forecasts from these results and with what we see on the ground, some of the strategies around MRO, airlines that place to maybe certain regions looking at different trajectories, studying higher and lower trajectories ground from an aviation stakeholder strategy’s perspective. The companies are learning how to deal with the supply chain issues or the tariffs in the MRO. There is a resilience in the Aviation industry after COVID and they are looking at contracting, what needs to change to make sure that escalation in costs can be absorbed or covered. They are looking at changes in terms of pool of suppliers from a diversification perspective, also from a geopolitical perspective that there is a need to diversify your supply sources. And thirdly, also in terms of technology and digitalisation, because manpower issues, talent issues, are quite pertinent right now and a solution that is obviously everyone is embarking on. “The whitepaper highlights India as one of the world’s fastest-growing aviation markets, underpinned by robust economic fundamentals and a rapidly expanding middle class. While China continues to play a dominant role, Alton notes that Southeast Asia is an emerging growth region, led by markets such as Indonesia, Vietnam, and the Philippines.” Q: In terms of the aircraft orders and the OEMs delivery capabilities, how do you evaluate it from the advisory point of view? A: Unfortunately, the truth is that there is a backlog. From the large OEMs perspective, the wide body backlog is of around 6 years and for narrow bodies, the timeline is much longer maybe 8 years or 10 years. If you order new aircraft now, you’re really not going to get it to boost your capacity in the short to medium term. A lot of the airlines are looking at alternatives and they are retaining and retrofitting some of the existing fleet to make sure that they are brought up and services stay relevant and inhabited without having actually new aircraft. On the MRO side, there’s also a larger demand for maintenance of the aircraft and a bit of the retrofitting work that goes with which the airlines are dealing with it. At some point in time, we also touched on the topic of consolidation in the industry. If you draw an analogy to how LCCs came about in previous years, especially in Europe, there was also a wave of consolidation and similarly for Asia there will be some form and we see that as a reaction to how do you strengthen your balance sheet. How do you strengthen your positioning in the market? Some of these consolidations will of course position for the future but at the same time perhaps rationalise some of the rules as well for aircraft capacity and demand. “Alton’s report outlines that international traffic in Asia-Pacific grew by 8.0% in 2025, outpacing global RPK growth of 6.8%. Carriers across the region have launched more than 600 new routes since 2015, significantly improving access to underserved destinations and enhancing intra-regional connectivity.” Q: After the IndiGo crisis which made the entire Indian Aviation into surrender mode, there are few startup airlines wanted to make an entry. But they are facing challenges into getting an aircraft. How do you analyse such issues? A: This could be due to the reason that already OEMs are busy with giving delivery to their pre-existing customers. So, isn’t it viable for them to try and get a pre-owned aircraft rather than looking forward to a new aircraft? The natural tendency is to go for a leased aircraft and pre-owned of course because from a Capex perspective to kind of put in money at the front to acquire new aircraft is a very big undertaking. Unfortunately, the leasing market is









