Wednesday, October 25, 2017

India projected to become the third largest aviation market by 2025

India is expected to become the third largest aviation market by 2025 surpassing the United Kingdom, and is expected to have 478 million air passengers in 2036 driven by strong demand.

"All indicators lead to growing demand for global connectivity. The world needs to prepare for a doubling of passengers in the next 20 years. It's fantastic news for innovation and prosperity, which is driven by air links," said International Air Transport Association (IATA) Director General and Chief Executive Officer Alexandre de Juniac.

The trade association of the world's airlines expects India to surpass the UK and become the third largest airline market with 337 million new passengers for a total of 478 million. China is projected to remain at the top with 921 million new passengers for a total of 1.5 billion.

"The UK will fall to fifth place, surpassed by India in 2025, and Indonesia in 2030," IATA said in the report.

The US will maintain the second position with 401 million new passengers for a total of 1.1 billion.
25/10/17 Purnita Deb/IBTimes

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