Abstract
The paper considers the current situation in the air transportation market in Ukraine. It is shown that, in the Ukrainian segment of the global aviation market, the effectiveness of passenger traffic and air transportation in reference to passenger per kilometer may grow in national and international flight routes. The authors justify the rapid increase in civil aviation efficiency and high capability of the air transport industry of Ukraine, taking into account the global rates of civil aviation development.
Highlights
The air transport industry has experienced a rapid development followed by an average annual growth rate equal to almost 10 per cent over the past 55 years
The analysis of national air transportation has shown that the share of Ukraine in the global volume of passenger traffic is not significant, namely 0.23%, most of which are international air transportations
Despite the instability of the military, political and economic situation in the state, the growth rate of air traffic in the Ukrainian segment of the global aviation market is optimistic for predicting the future development of air transportation in Ukraine
Summary
The air transport industry has experienced a rapid development followed by an average annual growth rate equal to almost 10 per cent over the past 55 years This rate exceeds the average growth of the gross domestic product (GDP) three times. Air transport is vitally important for the trading of goods produced by various manufacturers, in particular for the trading of separate parts for a certain product, for instance aircraft parts (Miziuk, 2014). This kind of trading is a major element of cross border trade today.
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