• Monday, August 08, 2022

Business

India May Surpass UK To Become World’s Third Largest Aviation Market Around 2024: IATA

The present trends in the global air transport suggest that passenger numbers could double to 8.2 billion in 2037 (Photo: KAZUHIRO NOGI/AFP/Getty Images).

By: Radhakrishna N S

India is expected to surpass the UK to become world’s third largest aviation market (defined as traffic to, from and within the country) after China and the US around 2024, said International Air Transport Association (IATA) in its latest 20-Year Air Passenger Forecast on Wednesday (24). China will displace the US 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, IATA said. Indonesia is forecast to be a standout performer, climbing from the world’s 10th largest aviation market in 2017 to the fourth largest…

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