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
Travelport inks deal with Al Hashim Travel
Travelport and Al Hashim Travel have signed a new, exclusive, long term agreement. Al Hashim Travel is located in the Eastern province of Saudi Arabia, with 10 branches in the
Gujarat Tourism Policy 2015-20 gives industry status to tourism
Policy will offer capital subsidy for setting up new hotels in Gujarat. In order to promote tourism in the state, Gujarat government under the leadership of Chief Minister Anandiben Patel
Sabre expands presence in Mongolia through new distribution agreement
Conversion of the country’s largest travel agency, Air Market, propels Sabre to GDS leader in Mongolia! Sabre Corporation, the leading technology provider to the global travel industry, has entered into
