Civil aviation industry grew by 400% in six yrs: Patel

Kannur: Civil aviation minister Praful Patel on Friday said the airline industry in India has grown by 400% in a short span of about six-and-a-half years. "Civil aviation in India since 2004 and now has grown by 400% in the span of about six-and-a-half years," he said while presiding over a foundation stone laying ceremony for the Kannur International Airport at Mattannur.
He said in 10 years Indian market will be the third largest aviation market after the US and China.
Earlier this week, world aviation industry body International Air Transport Association had said that powered by emerging economies like China and India, carriers in the Asia-Pacific region will post highest profit ever of $7.7 billion in 2010, overtaking airlines in North America and Europe.
17/12/10 Hindustan Times

To Read the News in full at Source, Click the Headline

Categories: Indian Aviation- In General Dec 2010