More than a relief valve for Mumbai’s saturated skies, India’s newest mega-airport is poised to become a strategic growth engine that enhances connectivity, attracts investment, and accelerates urban development across Maharashtra and Western India, writes Manish Pant. Just as its inspiration—a blooming lotus—symbolises the opening of the human mind, the formal inauguration of Navi Mumbai...
Tag: International Air Transport Association
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Indian air traffic grows at highest rate in the world in January | IATA
India beat all global markets in terms of domestic air traffic growth during the month of January, according to the International Air Transport Association, a global lobbying body.
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India to become 3rd biggest aviation market by 2026: IATA
India will displace the United Kingdom to become the world-Æs third largest aviation market by 2026
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India retains top slot in air traffic growth
India retained the top slot as the fastest growing domestic air traffic market in September with a demand growth of 13.2 per cent over same month last year.
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Poised for strong growth
Private players have a pivotal role in the modernisation of airports. Timely determination of policy framework with respect to user development fee for the airports involving PPP will serve as the primary force for drawing private developers.
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‘India remained weakest domestic aviation market in Feb’
According to International Air Transport Association (IATA), India continues to remain the weakest performing domestic aviation market in the world. The IATA on April 3 released global data for the month of February and the drop in domestic air travel demand was weakest in India where traffic fell by 9 per cent, even as the average for the month for all countries was a rise of 3.9 per cent.
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A real estate game
The progress of Indian airports from aero- to non-aero-heavy revenue model may happen sooner than we thought. On the one hand Indian airports that are finally looking world-class even lavish and opulent, some say while airlines are cutting themselves down to size and not thinking beyond low-cost.
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Chennai airport to upgrade ground handling services
The Chennai International Airport will have new ground services aimed at improving security and quality of ground-handling services in line with standards recommended by the International Air Transport Association.