310 million flyers in India by 2018-19 says Report
With India’s civil aviation industry showing resilience lately, the number of air passengers in the country is likely to touch 310 million by the financial year 2018-19, says a report released by a credit rating agency recently.
At present, India is the ninth-largest aviation market in the world. It was the fastest-growing domestic market in 2015 and remained strong in 2016 as well, the release issued by India Ratings and Research. Between the financial years 2008 and 2016, the number of domestic passengers grew at a compound annual growth rate (CAGR) of 8.5%. The total number of flyers including international grew at a CAGR of 8.3%.
You might also like
PATA elects new executive board
The Pacific Asia Travel Association (PATA) is pleased to announce the election of Dr. Chris Bottrill, Director, International and Dean of the Faculty of Fine and Applied Arts at Capilano University in
Oman Air takes delivery of first 737 MAX from Boeing
Boeing and Oman Air celebrated the delivery of the airline’s first 737 MAX airplane, one of 30 that Oman Air will operate as it expands its fleet and service. The
AirAsia India offers low-fare tickets from today
“Through promotional fares, we want to encourage even first-time flyers to experience the joy of flying at an affordable cost,” said AirAsia India marketing head. AirAsia India is offering the
