Indian Aviation growth set to escalate: analysts

New reports from industry analysts have predicted that by 2020, the Indian aviation sector will be carrying some 260 million passengers around the world every year.
Centre for Asia Pacific Aviation (CAPA) in conjunction with SITA forecast that the entire Indian aviation sector is looking at transporting 160-180 million domestic passengers and 80 million international passengers per annum in 2020.
In order to sustain this kind of growth, more investment in capital will have to be made with the Information Technology in Indian Aviation white paper from CAPA/SITA declaring that a further $120 billion needs to be invested in new aircraft and while another $20 billon needs to be invested in the airport sector.
06/04/10 eTravelBalckboard

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Categories: Indian Aviation- In General Apr 2010