Indian air-passenger traffic to grow by 18% per annum: Experts

New Delhi: Thanks to the ever increasing spending power of middle and upper classes, the air passenger traffic in the country is likely to see 18% growth rate per annum in the next few years, believe experts. Bearing in mind the huge untapped potential in this sector, domestic carriers are augmenting their fleet size to cater to the growing demand.
Indian carriers like Indigo, GoAir, Jet, Kingfisher and AirIndia are growing their fleet size and have placed huge orders with global aerospace vendors such as Airbus, Boeing and Bombardier in the recent past.
The aircraft strength of Indian carriers stands at 430 aircraft, which is likely to increase to around 900-1,000 aircraft by 2020, say experts.
"The Indian civil aviation is on a consistent growth path. The traffic and cargo are growing at 18 per cent and 10 per cent per annum respectively. The same is expected to continue in the short and medium term," global advisory firm KPMG Director Amber Dubey said.
Independent Aviation Researcher Pran Dasan said Indian have become very "frugal", in terms of commercial air transport as of the expected 140 million air travellers this year, more than 98 million were repeat travellers.
17/07/11 Press Trust Of India/Hindustan Times

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Categories: Indian Aviation- In General Jul 2011