IATA: India, China to see significant air passenger growth in two decades
International Air Transport Association, IATA, has said that India and China are projected to account for nearly half of the air passenger growth worldwide over the next two decades, with travellers coming from all walks of life.
It is said that with more number of people are making air travel where India was seen as one of the fastest growing domestic aviation markets in the world for nearly five years continuously.
However, It added, the growth turned negative in April mainly due to flight cancellations and subsequent grounding of full-service carrier Jet Airways.
Brian Pearce, Chief Economist at the IATA said that the negative growth in the Indian market was temporary and that the market would expand as Indians want to travel more.
In his address at the annual general meeting here, IATA Director General and CEO Alexandre de Juniac said that the developing markets are expected to provide the majority of additional passenger demand.
He also added that India and China alone are forecast to account for around 45 per cent of all additional passenger trips over the next two decades.
SOURCE: DD News