Mumbai : The Indian aviation sector has witnessed major capacity addition during the last six years. The fleet size increased and demand for domestic and international travel has grown close to 100% in the last six years.
In 2010-11, airlines in the country carried 60 million passengers on the domestic routes against close to 25 million in 2005-06.
According to Crisil research, domestic passenger traffic has grown at an average annual rate of 16.5% during the last six years. The agency expects it to grow at an average annual rate of 12-14% to reach about 97 million in 2015-16.
Growing affluence has translated into increased foreign holidays. This growth is evident from the fact that a number of foreign airlines, including Emirates, are nearing their maximum seat capacity allotted under bilateral agreements.
30/07/11 Amritha Pillay/Daily News & Analysis
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