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%.
About author
You might also like
India is a top market for cruising from Singapore with double digit growth
Cruising from Singapore is steadily becoming one of the key activities Indian travelers consider when planning their holiday itinerary in the Lion City. In 2016, Singapore reported 1.2 million cruise
SpiceJet plays Santa to 25 NGO children
As part of its Christmas week celebrations, SpiceJet plays Santa for 25 children of an NGO – Mala Smriti Home, Noida. “Under its ‘Little Hearts, Big Love’ initiative, SpiceJet, on
Civil Aviation ministry may reform cancellation policy
Even as the new reforms drafted by the Civil Aviation Ministry on name change and free cancellation of airline tickets within 24 hours of booking look like bringing relief to
Mumbai to get India’s First AC Local Trains and to start services from New Year
The wait for air-conditioned train will finally end for passengers of Mumbai’s suburban railway service, with Railway Minister Piyush Goyal today saying that the first such train will be introduced
Air India to be sold out by the end of 2018, says Civil Aviation Minister
Minister of State for Civil Aviation Jayant Sinha laid out a timeline for the strategic disinvestment of state-run carrier, Air India. “We have said over and over again that from
India sees three years of path-breaking and inclusive growth in the aviation sector Emerges as the world’s third largest aviation market
Average airfares fall by 18 % making air travel more affordable! The civil aviation industry in India has emerged as one of the fastest growing industries in the country during
Strong outbound tourism demand from both traditional and emerging markets in 2017
Virtually all source markets reported higher tourism spending in 2017, reflecting continued strong demand for international tourism across all world regions. Both emerging and advanced economies fuelled growth, led by
India, US to train African peacekeeping military personnel in trilateral cooperation initiative
In a trilateral cooperation initiative, India and the US will conduct a training programme for military personnel from African nations, who in turn will instruct peacekeeping forces in their respective
Ola teams up with Microsoft for connected vehicle platform
Ride hailing app Ola today announced a global partnership with tech giant Microsoft for building a new-age ‘connected vehicle platform’ for car manufacturers worldwide. Under the partnership, Ola will use
Sabre fosters a true hospitality experience with integration to TripCase app
Hotels can increase personalisation and engagement with guests before, during and after arrival with TripCase mobile messaging For hoteliers, creating a meaningful, personal connection with their guests can mean the
MakeMyTrip-ibibo merger: More power to consumers; rivals better watch out
Their negotiating power and better economies of scale will allow them to indulge in aggressive pricing. Online travel portal ibibo’s merger with market leader MakeMyTrip will create pricing challenges for
Nation remembers Pandit Govind Ballabh Pant on his 131st birth anniversary
By Archana Sharma Today is the 131st birth anniversary of Bharat Ratna Govind Ballabh Pant. He is one of the prominent names in Indian independence struggle and its history, who
Leave a Reply
Only registered users can comment.
0 Comments
No Comments Yet!
You can be first to comment this post!