Friday, September 01, 2006

India to fly high on international air traffic

New Delhi: Asia, led by India, will fly high as far as the international air traffic growth is concerned. The region will witness the second highest growth in international air traffic till 2009, only to finish second after Middle East, according to the Centre for Asia Pacific Aviation (CAPA).
The CAPA report says international air traffic in Asia Pacific will have an average annual growth rate of 6.2%, while it is little higher for Middle East where the traffic will grow by 6.8%.
The report projected a world-over growth of around 5% in this regard. Next to Middle East and Asia Pacific is Africa, which is expected to register a high growth rate of 5.8%.
The growth will mostly be concentrated in the Asia and Middle East region as the markets in Europe, North America and Latin America are already touching a reaching saturation point.
01/09/06 Atreyee Dev Roy/Financial Express
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