The aviation industry in Bangladesh has seen substantial growth since its establishment in 1972, driven
by contributions to economic development, connectivity, and global integration. Key players like Biman Bangladesh, US-Bangla, and NovoAir have formed a robust sector employing over 17,000 individuals. The industry witnessed a 22.1% increase in international air travel and an impressive 64.7% surge in domestic travel from 2013 to 2017, fostering economic activities and trade. Commercial airlines have been crucial in promoting global tourism and presenting Bangladesh’s cultural heritage. The Civil Aviation Authority of Bangladesh (CAAB) has led numerous completed and ongoing projects, enhancing infrastructure and security. Economic impact analysis indicates the aviation sector’s direct contribution to the GDP, estimated at $769 million in 2020. The industry’s ripple effect stimulates tourism, trade, and investment, generating diverse employment opportunities. Despite growing 50% faster than the global average, challenges such as high tariffs and regulatory issues
hinder competitiveness. Bangladesh’s aviation industry envisions rapid expansion fueled by economic growth, infrastructure projects, and technological advancements. Emerging technologies like ADS-B and NextGen, alongside green aviation initiatives, highlight the industry’s commitment to efficiency and sustainability. Opportunities lie in geographic advantages, economic growth, infrastructure development, and rising air travel demand. However, regulatory challenges and security threats pose potential disruptions, necessitating strategic management. Bangladesh’s aviation sector balances growth and challenges. While significantly contributing to the economy, the industry grapples with regulatory and security hurdles. Sustained growth requires strategic investments, technological adoption, and addressing regulatory concerns, securing the aviation industry’s pivotal role in Bangladesh’s economic landscape.