Mumbai: India will displace the United Kingdom as the third-largest market by 2026 by passenger traffic, a new study said.
India will also be the third fastest aviation market in terms of new passenger addition, behind only China and US, the report by The International Air Transport Association (IATA) said. India will have 275 million new passengers for a total of 378 million till 2034. China is expected to have 758 million new passengers for a total of 1.196 billion, while the US will have 523 million new passengers for a total of 1.156 billion.
In terms of routes, Asian, South American and African destinations will see the fastest growth, reflecting economic and demographic growth in those markets, the report said. Indonesia-East Timor will be the fastest growing route, at 13.9 per cent, followed by India-Hong Kong at 10.4 per cent.
“The demand for air transport continues to grow. There is much work to be done to prepare for the 7 billion passengers expected to take the skies in 2034,” said Tony Tyler, IATA’s Director General and CEO.
27/11/15 Business Line
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India will also be the third fastest aviation market in terms of new passenger addition, behind only China and US, the report by The International Air Transport Association (IATA) said. India will have 275 million new passengers for a total of 378 million till 2034. China is expected to have 758 million new passengers for a total of 1.196 billion, while the US will have 523 million new passengers for a total of 1.156 billion.
In terms of routes, Asian, South American and African destinations will see the fastest growth, reflecting economic and demographic growth in those markets, the report said. Indonesia-East Timor will be the fastest growing route, at 13.9 per cent, followed by India-Hong Kong at 10.4 per cent.
“The demand for air transport continues to grow. There is much work to be done to prepare for the 7 billion passengers expected to take the skies in 2034,” said Tony Tyler, IATA’s Director General and CEO.
27/11/15 Business Line
