India, Brazil propel global aviation market growth

Singapore: Recording the strongest growth in the world, India's domestic aviation market has tripled in the past five years, followed by the markets in Brazil and China which doubled during this period.
"Over the last five years, Indian domestic expansion has been the strongest with a tripling in size. China and Brazil doubled in size over the same period," a latest report of the International Air Transport Association (IATA) said.
"The strength in Chinese and Indian markets helped offset the weakness in routes associated with Japan. Japan's international traffic is down 20 per cent, knocking a full one per cent off of total international travel," it said.
India and Brazil showed the strongest domestic growth at 25.6 and 23.8 per cent respectively. "Both are continuing their trend of high-speed growth," the report said, adding China's domestic market saw a decline in growth to 10.8 per cent this April though it remained a robust market.
Growing air traffic in India, Brazil and China has led to a rebound in the aviation market which grew by 16.5 per cent in April despite high oil prices, Iceland volcanic eruption and Japan tsunami and political unrest in West Asia and North Africa hitting international air travel.
05/06/11 PTI/Deccan Herald

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Categories: Foreign Jun 2011, Indian Aviation- In General Jun 2011