Growing passenger traffic in India and other emerging markets would help generate aircraft demand worth about USD 5 trillion in 20 years and the fleet across aviation industry would more than double by 2034, Airbus said today.
The domestic traffic flow in India alone is estimated to grow nearly 6 times in this period, making it one of the fastest growing markets globally, even as a survey by Airbus has identified Mumbai and Delhi airports among the largely congested ones across the world.
Releasing its Global Markets Forecast here at the 51st Paris International Air Show, Airbus said that “from the world’s first commercial flight in 1914, to today’s 32 million flights annually, aviation has become part and parcel of our everyday lives.
16/06/15 PTI/Financial Express
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The domestic traffic flow in India alone is estimated to grow nearly 6 times in this period, making it one of the fastest growing markets globally, even as a survey by Airbus has identified Mumbai and Delhi airports among the largely congested ones across the world.
Releasing its Global Markets Forecast here at the 51st Paris International Air Show, Airbus said that “from the world’s first commercial flight in 1914, to today’s 32 million flights annually, aviation has become part and parcel of our everyday lives.
16/06/15 PTI/Financial Express
