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
Sabre’s first Asia Pacific Travel Technology Exchange conference kicks off in Beijing
Sabre will showcase the new Sabre Red Workspace – a major merchandising platform launch for 2017 – for the first time in APAC during the conference! Sabre Corporation (NASDAQ: SABR),
Aspri Spirits with Gruppo Campari recreates Studio 54’s vibe in Mumbai
Aspri Spirits hosted a retro style evening at Mumbai’s trendy Shiro where retro music and cocktails kept flowing. Mr. Franco Peroni, Managing Director Asia Pacific, Gruppo Campari graced the evening
PM Modi to oversee Kumbh Mela preparations which will be held in Allahabad in 2019
Prime Minister’s office to oversee the preparations for the 2019 Kumbh Mela which will be held in Allahabad from 14th January onward. It is reported that the Uttar Pradesh state government will also do
