Don’t call them flights of fancy

IIPM PUBLICATION
And today, perhaps the aviation industry serves as an essential link, not solely for domestic and international travel and trade, but also for bridging the distance gap essential for the growth of many other sectors in the country and outside it. According to International Aviation Transport Association (IATA), the Indian aviation market is only experiencing a boom, which will carry on for quite a number of years to come. From the current 25.5 million passengers carried during the previous fiscal, the domestic industry, according to Centre for Asia-Pacific Aviation (CAPA), is all set to breach the 60 million mark by 2010, with the low cost airlines understandably enjoying a lion’s share of 70%! The aviation industry is not just growing, but growing multiplicatively!

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Source : IIPM Editorial, 2006, Arindam Chaudhuri's Initiative

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