Chindia to lead aviation growth: IATA
Geneva, December 13, 2012
First Published: 22:13 IST(13/12/2012)
Last Updated: 22:16 IST(13/12/2012)
India, China and Latin America would continue to lead the growth next year in the global aviation industry which would improve its profit from $6.7 billion to an estimated $8.4 billion, the International Air Transport Association (IATA) said on Thursday.
While Chinese domestic
market continues to expand "very strongly" despite a slowdown earlier this year, the Indian market went into a "sharp reverse" in 2012 following the problems faced by Kingfisher Airlines and the slowdown in the Indian economy, IATA top brass said here. IATA officials were critical of India on issues relating to airport privatisation in Delhi.