Categories: Business

India to surpass UK in aviation industry by 2024

UNI

 

GENEVA

India will take the third place after the United States, surpassing the United Kingdom by 2024, global airline International Air Transport Association said on Thursday.

The Association said China will also displace the United States as the world’s largest aviation market in the mid-2020s. The rebalancing of China’s economy towards consumption will support strong passenger demand over the long term.

The IATA has noted down all these points in its 20-year Air Passenger Forecast here.

IATA Director General and CEO Alexandre de Juniac said here that present trends in air transport suggest passenger numbers could double to 8.2 billion in 2037.

Juniac said by 2037, China would have one billion new origin-destination passengers for a total of 1.6 billion followed by US with 481 million new passengers for a total of 1.3 billion and India with 414 million new passengers for a total of 572 million.

“Aviation is growing, and that is generating huge benefits for the world. A doubling of air passengers in the next 20 years could support 100 million jobs globally,” he added.

He said the Asia-Pacific region will drive the biggest growth with more than half the total number of new passengers over the next 20 years coming from these markets. Growth in this market is being driven by a combination of continued robust economic growth, improvements in household incomes and favorable population and demographic profiles.

The Association, however, warned that growth prospects for air transport, and the economic benefits driven by aviation, could be curtailed if protectionist measures are implemented by governments.

nt

Comments are closed.

Recent Posts

  • Goa News

Mandate 2019: mining belt favoured BJP candidates

SOIRU VELIP | NT Panaji: Although mining dependants had  been cross with the BJP over the resumption of mining operations…

15 hours ago
  • Goa News

CM to attend Modi’s swearing-in

PANAJI: Chief Minister Pramod Sawant will attend the swearing-in ceremony of  the re-elected Prime Minister Narendra Modi in New Delhi…

15 hours ago
  • Goa News

Sawant says Sawaikar got mixed response in mining belt

Panaji: Chief Minister Pramod Sawant on Friday maintained that the voters in the North Goa mining belt had all support…

15 hours ago
  • Goa News

BJP’s LS candidates outshine their bypoll comrades in getting votes

Panaji: A perspicuous glance at the voting patterns in the recently held Lok Sabha elections and bypolls  to four assembly…

15 hours ago
  • Goa News

Calangute: workforce shortage delays redressal of water issues

Calangute: Shortage of drinking water is causing a great deal of hardships to Calangute residents these days and one of…

15 hours ago
  • Goa News

‘Prerana din’ at Curchorem today

Panaji: The directorate of tribal welfare in association with United Tribal Association Alliance (UTAA) will host ‘Prerana din’ in memory…

15 hours ago