Friday, April 21, 2017

India becomes fourth largest aviation market in the world

According to International Air Transport Association (IATA), India has moved up two places to become the fourth largest aviation market in terms of passenger number. India saw the fourth highest number of passengers taking off in 2016, up two places from the previous year overtaking the UK and Brazil. The top three markets – the US, China and Japan – remain unchanged.
Last year, India’s aviation industry had 131 million passengers taking off – including domestic, international and connecting. During this period, IATA data shows that 3.8 billion passengers took off (50 pc domestic, 35 pc international and 15 pc connecting) across the globe, up from 3.5 billion in the previous year.
According to IATA, the big movers on this year’s rankings are the key emerging markets of India and Indonesia. India has jumped up two places to fourth, with a growth of 20 pc year-on-year. India continues to close in fast on Japan. India held the eighth position three years ago.
21/04/17 Gopanjali Roy/MIG