FASTEST GROWING DOMESTIC AVIATION MARKET IN 2017

As per IATA, India remained the world’s fastest growing domestic aviation market for

the third straight year in 2017 as economic and network expansion bolstered the sector. Globally, Revenue Passenger Kilometres (RPKs), a measure of passenger volumes, rose by 7.6 per cent in 2017, registering growth that was ahead of the ten-year average of 5.5 per cent. “The domestic India market posted the fastest full-year growth rate for the third year in a row (17.5 per cent), followed by China (13.3 per cent),” IATA said in a report. IATA noted that such growth rates were driven mainly by the comparatively strong rates of economic expansion seen in each country, as well as stimulus from additional airport pairs being offered.