India among top ten freight markets

International cargo across the Asia Pacific region is expected to lead global freight growth at an annual rate (AAGR) of 6.0 % during 2007 International Air Transport Association (IATA) predicts.
Asian airlines are forecast to make $1.2 billion in aggregate profits in 2007, down from an estimated 1.7 delivered in 2006.
Competition, more capacity and new entrants will impact bottom lines IATA said.
IATA also reports seven of the top 10 freight markets fall within the Asia Pacific region with China's freight AAGR forecast at 11.6 pct from 2006 to 2010, followed by Pakistan at 8.8 %, Korea 8.2 %, India %, Sri Lanka 7.4, Thailand 6.3 % and Indonesia 5.8 %.
For Australia, IATA puts freight traffic AAGR growth at about 4.4 percent.
As to new carriers homing in on the already crowded skies above Asia, Andrew Pyne, CEO of newcomer Viva Macau, which launched services from Macau to Jakarta and the Maldives with two B767 aircraft, may have coined a new word to describe future carriers telling a CAPA conference audience last November that Viva Macau operates a “fusion airline” model.
18/01/07 Geoffrey, Patrick Burnson/Air Cargo News.com, US

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