Wednesday, June 07, 2006

Globalysis Ltd. Issues Forecast of India's Aviation Sector

Singapore: Globalysis Ltd. issued a forecast today of expected growth in India's aviation market, to be one of the fastest growing in the world, for the years 2007 / 2008. The Globalysis research report forecasts growth in India's aviation market of approximately 28% in 2007 and 24% in 2008, for a total of approximately 52 million passengers being carried in 2008.
Globalysis projects that in 2008 low-cost-carriers (LCC's) will control approximately 50% of India's aviation market.
Globalysis Associate/Analyst Mr. Jason Pereira stated, "No country in the world, other than possibly China, will present as much of a growth opportunity for the global aviation sector. We believe there will be a tremendous increase in demand for new aircraft from India's carriers in the coming years; this bodes very well for aircraft manufacturers such as Boeing and Airbus."
06/06/06 India PRwire
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