South may see 30% rise in local air passenger

The South Indian states of Andhra Pradesh, Kerala, Tamil Nadu and Karnataka are expected to experience a 25-30% growth in domestic air passenger traffic in ’06, while the growth in international traffic from the four states is likely to be about 20% per annum, as per a recent study by the Centre for Asia Pacific Aviation, an industry consultancy, reports Sudipto Dey in New Delhi.
This will be much higher than the national growth forecast, pegged at 25% per annum in case of local travel, and around 15% for global traffic out of India.
In ’06, the new emerging growth centres for air traffic movement in the country will be regional centres like Amritsar, Pune, Ah-medabad and Nagpur, which are likely to grow by around 40% per annum, though riding on a smaller base.
As per CAPA forecast, Indian airline companies will raise about $2bn in ’06 through IPOs and overseas listing, while around $200m of private equity is likely to flow into the sector in the current year.
06/05/06 Economic Times

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