The aviation industry has been hit hard by the pandemic. Airlines have had to cancel flights, and many workers in the industry have been laid off. The pandemic has also hurt tourism, a significant income source for airlines.
Some airlines try to stay afloat by offering lower fares and partnering with other companies. Others are filing for bankruptcy. But, in the long run, the aviation industry will likely recover from the pandemic. It’s expected to recover late this year or by the start of next year, making it an excellent time for entrepreneurs to start a business in the sector. Here are some great companies to start in the industry.
Airplane Maintenance and Repair
Airlines must comply with strict safety regulations, which require routine maintenance and occasional repairs on their aircraft. Aircraft maintenance technicians (AMTs) inspect and perform scheduled maintenance, repair aircraft systems, and replace parts. As a result, AMTs are in high demand, and the job outlook for this occupation is positive. According to the Bureau of Labor Statistics, employment of AMTs is projected to grow 5 percent from 2019 to 2029, faster than the average for all occupations.
Starting an airplane maintenance and repair business is a great way to enter the aviation industry. You must obtain the necessary certifications and licenses from the Federal Aviation Administration (FAA). You will also need a well-equipped shop with tools and equipment for aircraft maintenance and repair.
Ground Support Business
Ground support equipment (GSE) is essential for aircraft take-off and landing. Common GSE includes baggage carts, ground power units, and aircraft deicing trucks.
A ground support business provides GSE services to airlines and airports. The primary form of service is GSE maintenance and repair. These services are responsible for various GSEs optimization and healthy functioning. To start a ground support business, you will need to obtain certifications from the FAA. You will also need a well-maintained GSE and a team of trained and certified technicians.
Air Cargo Service
The air cargo industry is an integral part of the aviation industry. The industry is worth over a hundred billion dollars, with a lot more room to grow. Air cargo companies transport goods by plane, typically on behalf of businesses. These businesses include manufacturers, retailers, and other companies that need to ship goods quickly. The air cargo industry has grown recently as more businesses rely on air shipping to move their products.
Starting an air cargo service is a great way to enter the aviation industry. You will need to have a good understanding of the logistics involved in shipping goods by plane. You will also need to build relationships with airlines and other customers. It is also helpful to have some experience in the freight forwarding industry.
Air Charter Service
An air charter service provides air transportation on a private plane. This service is often used by businesses and individuals who need to travel to remote locations or want to avoid the hassle of commercial air travel.
Starting an air charter service is a great way to enter the aviation industry. You will need to have a good understanding of the logistics involved in flying a private plane. You will also need to build relationships with airlines and other customers. It is also helpful to have some experience in the aviation industry.
Flight Training School
A flight training school provides training to pilots who want to obtain their pilot’s license. Flight schools offer both private and commercial flight training. Commercial flight training is more expensive and requires more hours of training than private flight training.
Starting a flight training school is a great way to enter the aviation industry. You will need to have a good understanding of the logistics involved in flying a plane. You will also need to build relationships with airlines and other customers. It is also helpful to have some experience in the aviation industry. The average salary of an aviation trainer is $103,000 per year.
The aviation industry is a great place to start a business. There are many opportunities for businesses to enter the market and make a profit. You can succeed in this industry with the right skills and knowledge.
The most important thing is to understand the logistics involved in running an aviation business. You will also need to build relationships with customers and suppliers. It is also helpful to have some experience in the aviation industry. You can succeed in this industry with the right tools and resources. You can start any successful business in the sector by having these things.