IATA expects India to be set as third largest aviation market

Posted on:26 Oct 2018 11:48:40
IATA expects India to be set as third largest aviation market
26 October 2018 Current Affairs:

Global aviation body International Air Transport Association (IATA) said that India will be the third largest aviation market globally a year sooner than was earlier predicted. It is now expected to be among the top three countries by 2024. India currently holds the seventh position.

In its latest 20-year forecast for the aviation industry, IATA said that air passenger numbers worldwide could double to 8.2 billion in 2037. IATA added that the other south-east Asian countries predicted to grow rapidly include Indonesia, likely to be the fourth largest by 2030 from its current ranking of the 10th largest aviation market. Thailand, too, is expected to enter the top 10 markets in 2030.

International Air Transport Association (IATA):

♦ Founded: 
19 April 1945

♦ Headquarters: Canada

♦ DG and CEO: Alexandre de Juniac

♦ IATA is a trade association of the world’s airlines.

It consists of 290 airlines, primarily major carriers, representing 117 countries, the IATA's member airlines account for carrying approximately 82% of total Available Seat Miles air traffic


Global aviation body International Air Transport Association (IATA) said that India will be the third largest aviation market globally a year sooner than was earlier predicted. It is now expected to be among the top three countries by 2024. India currently holds the seventh position.

In its latest 20-year forecast for the aviation industry, IATA said that air passenger numbers worldwide could double to 8.2 billion in 2037. IATA added that the other south-east Asian countries predicted to grow rapidly include Indonesia, likely to be the fourth largest by 2030 from its current ranking of the 10th largest aviation market. Thailand, too, is expected to enter the top 10 markets in 2030.

International Air Transport Association (IATA):

♦ Founded: 
19 April 1945

♦ Headquarters: Canada

♦ DG and CEO: Alexandre de Juniac

♦ IATA is a trade association of the world’s airlines.

It consists of 290 airlines, primarily major carriers, representing 117 countries, the IATA's member airlines account for carrying approximately 82% of total Available Seat Miles air traffic


Monthly Current Affairs

Current Affairs Section

Daily Current Affairs Quiz

Subscribe to Current Affairs

Enter your email to get daily current affairs

Currentt Affairs 2018 November

16 NOVEMBER
NEWS
15 NOVEMBER
NEWS
14 NOVEMBER
NEWS
13 NOVEMBER
NEWS

Currentt Affairs 2018 October

31 OCTOBER
NEWS
30 OCTOBER
NEWS
29 OCTOBER
NEWS
28 OCTOBER
NEWS

Currentt Affairs 2018 September

30 SEPTEMBER
NEWS
29 SEPTEMBER
NEWS
28 SEPTEMBER
NEWS
27 SEPTEMBER
NEWS