India, China to account for half of air traffic growth in two decades: IATA | Doonited.India

June 17, 2019

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India, China to account for half of air traffic growth in two decades: IATA

India, China to account for half of air traffic growth in two decades: IATA
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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 said that with more number of people making air travel, India was 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 today said 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 the developing markets are expected to provide the majority of additional passenger demand. He said, India and China alone are forecast to account for around 45 per cent of all additional passenger trips over the next two decades.

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Post source : agencies

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