![]() Financial Daily from THE HINDU group of publications Sunday, Jul 10, 2005 |
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Logistics
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Airlines Buoyant projections for air traffic growth Our Bureau
Chennai , July 9 A FORECAST on air traffic by the Foundation for Aviation and Sustainable Tourism, a New Delhi-based non-governmental organisation, has shown growth both on domestic and international sectors during 2005-06. During the current year, the forecast indicates an increase of 7 per cent on domestic sectors from 2.44 crore passengers in 2004-05 to about 2.51 crore passengers. On the international sector, in 2004-05, there were 1.79 crore passengers, which is expected to grow by 5.5 per cent during the current year to 1.88 crore passengers. During the next 20 years, a quantum jump in projected traffic four times in passenger and six times in cargo is expected. Mr D. Sudhakara Reddy, Founder and President, Air Passengers Association of India (APAI), said these projections had been made on a conservative basis. The ground reality was different and the growth in passenger traffic was increasing at a much higher rate than what was projected. According to a press release from the APAI, the International Civil Aviation Organisation forecasts a worldwide growth in air traffic of 5 per cent a year or doubling in the volume of traffic once in 14 years. The Asia-Pacific region is set for higher than average growth. It was imperative that procedures improved and facilities grew to match the increase in volume of traffic, the release said.
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