Commercial aviation had one of its safest years in 2023 as passenger levels rose above 2019 levels on most major routes, with overall traffic also expected to exceed pre-pandemic levels in 2024, according to new data from two international bodies.
The International Air Transport Association (IATA) reported that there were no hull loses or fatal accidents involving passenger jets in 2023, despite a 17% increase in jet and turboprop aircraft movements, though a single fatal turboprop accident resulted in the death of 72 people.
Despite the single tragic accident, IATA’s annual safety report found the overall accident rate was only 0.8 per million sectors in 2023, meaning one accident for every 1.26 million flights, marking a significant decrease on the 1.3 rate of 2022.
Avation PLC (LON:AVAP) is a commercial passenger aircraft leasing company owning a fleet of aircraft which it leases to airlines across the world. Avation’s future focus are new technology low CO2 emission aircraft.
