AIFC Aviation
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Market Opportunity

A High-Growth Aviation Market

Central Asia and the Caucasus are entering a new aviation growth cycle, creating demand for aircraft leasing, financing, fleet modernisation and sustainable aviation solutions.

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Fleet Growth to 2030

Regional Fleet Expected to Nearly Double

Commercial fleet, regional
384 → 684
aircraft, by 2030
Current Forecast 2030
  • Kazakhstan
    109 → 221
  • Uzbekistan
    105 → 180
  • Azerbaijan
    50 → 85
  • Georgia
    45 → 65
  • Turkmenistan
    27 → 43
  • Kyrgyzstan
    20 → 35
  • Armenia
    18 → 30
  • Tajikistan
    10 → 25
Drivers

What's Fuelling the Cycle

  • Fleet modernisation across major regional carriers
  • Open Skies liberalisation and bilateral expansion
  • Tourism growth and visa-free regimes
  • Cargo and transit hub development
  • Rising regional GDP and middle-class travel demand
  • Stronger Europe ↔ Asia connectivity through Central Asia
Kazakhstan

Fleet to 221 Aircraft by 2030

Projected fleet expansion aligned with multi-modal cargo and passenger hub strategy and Open Skies liberalisation.

Uzbekistan

Fleet to 180 Aircraft by 2030

Aggressive growth trajectory as the country opens economically and positions Tashkent as a competitive tourism and transit hub.

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