New Delhi: Asia remains a “relatively bright” aviation market despite the recent slowdown, with a fast-expanding middle class providing the launchpad for further growth, a study by an airlines’ body said today.
While China continues to be the largest engine for growth in Asia, other parts of the region were also seeing significant increases in demand for travel with a fast-expanding middle class providing a “brighter outlook” for Asian carriers, the latest study by the Association of Asia Pacific Airlines (AAPA) has said.
The outlook for the Asian market “remains relatively bright” for 2013 despite a recent slowdown in traffic growth, challenging conditions in the cargo sector, stubbornly high oil prices and continued economic weakness in Europe, it said.
While it is unlikely that the peak of 2010 would be reached anytime soon, Asia remains a dynamic and generally profitable high growth market that outperforms all other regions, AAPA Director General Andrew Herdman said.
15/11/12 Business Line
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While China continues to be the largest engine for growth in Asia, other parts of the region were also seeing significant increases in demand for travel with a fast-expanding middle class providing a “brighter outlook” for Asian carriers, the latest study by the Association of Asia Pacific Airlines (AAPA) has said.
The outlook for the Asian market “remains relatively bright” for 2013 despite a recent slowdown in traffic growth, challenging conditions in the cargo sector, stubbornly high oil prices and continued economic weakness in Europe, it said.
While it is unlikely that the peak of 2010 would be reached anytime soon, Asia remains a dynamic and generally profitable high growth market that outperforms all other regions, AAPA Director General Andrew Herdman said.
15/11/12 Business Line
