India's aviation pie gets bigger

Bangalore: According to a survey undertaken by the Airports Council International (ACI), Asia will be the fastest-growing region with an annual 9% growth. The two fastest-growing markets are set to be India (10.4%) and China (8.1%) in the next 20 years, led by strong growth in domestic traffic. Indian aviation industry will grow by 25% a year, sources in the Centre for Asia Pacific Aviation (CAPA) said.
After years of inertia, check out the promise and acceleration India is poised with — the potential is huge, trips per capita remain low even by the standards of other developing countries, while economic growth is racing towards 10% per annum. Domestic and international traffic is up 45% and 15.1%, respectively. In the past 12 months alone, airlines have carried 25.5 million domestic and 22.4 million international passengers.
The vibrancy in the Indian aviation market has been overwhelming: over 135 aircraft have been added in the past two years alone. And by 2010, India's fleet strength will stand at 500-550. CAPA estimates domestic traffic to grow 25-30% annually and international traffic 15% until 2010. The domestic market size is expected to cross 60 million and international traffic 20 million by end of 2010.
13/02/07 Smitha Rao & R Jayaprakash/Times of India

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Categories: General Aviation feb 2007