The aviation industry is currently experiencing a period of recovery and growth, following significant disruptions caused by the COVID-19 pandemic. According to recent data, passenger and air cargo traffic are surpassing 2019 levels, highlighting the industry's resilience[1]. The global airline network has also returned to 2019 levels, with airlines adapting to new market trends and managing fleets to remain profitable[1]. The aviation market size is expected to reach USD 333.96 billion in 2024 and grow at a CAGR of 2.87% to reach USD 396.15 billion by 2029[2]. The Asia-Pacific region is emerging as a significant hub for the aviation industry, with countries like China and India experiencing rapid growth in their civil aviation markets[2]. In terms of fleet growth, the global aircraft fleet is set to increase by 28% over the next 10 years, expanding from 28,400 aircraft to 36,400 by 2034[3]. India is expected to lead this expansion, with its fleet growing at a rate of almost 13% over the first five years and nearly 10% for the 10-year forecast period[3]. However, the industry faces challenges, including supply chain issues and production constraints. Aircraft manufacturers are struggling to fulfill orders on time, with Boeing delivering just 83 aircraft in the first quarter of 2024, down from 130 in the first quarter of 2023[4]. Additionally, the industry is experiencing a capacity crunch, particularly in the US domestic market, where a softening of demand has resulted in some airlines struggling to deliver profits[4][5]. Despite these challenges, consumer demand for air travel remains robust, with the International Air Transport Association predicting the global airline industry will generate $30.5 billion in net income this year[4]. The Asia-Pacific region is expected to experience the highest growth in demand for air travel globally, with a passenger CAGR of 5.3% over the next 20 years[4]. In response to current challenges, aviation industry leaders are focusing on developing newer generation aircraft that offer enhanced fuel efficiency and safety[2]. Airlines are also managing fleets and boosting productivity to remain profitable in a dynamic global environment[1]. Furthermore, there is a growing focus on sustainability across the industry, with innovations in aircraft design and technology expected to enhance safety, comfort, and efficiency[1][2]. Overall, the aviation industry is on a path to recovery, driven by strong demand and growth in emerging markets. However, the industry must navigate challenges related to supply chain issues, production constraints, and capacity crunches to achieve sustained growth and profitability.