• search

Air traffic will raise by 5 million each year

Written by: Staff

Hyderabad, Feb 24 (UNI) Indian Oil Chairman Sarthak Behuria today predicted that air traffic in India would increase by five million passengers each year over the next ten years.

Inaugurating the 14th international aviation conference organised by Indian Oil here, Mr Behuria said India was the third fastest growing domestic aviation market in the world, having grown by 23 per cent last year.

He said India's domestic and international markets were expected to expand by 30 per cent in 2006 to around 20 million passengers each.

He said according to recent projections by Airbus industries the sale of new aircrafts to Indian carriers would go up to 400 by the year 2019. This reflected that the country would be the third largest market for new aircraft in Asia.

Observing that aviation fuel consumption has been registering consistent growth of around 15 per cent in the country, Mr Behuria said the 'country consumes nearly 3.5 million tonnes of aviation fuel annually. The overall consumption of petroleum products was growing only between two to three per cent.

He said the 'Indian aviation sector was indeed the most happening sector with a potential to drive the country's economy to great levels in the future'.


For Daily Alerts

For Breaking News from Oneindia
Get instant news updates throughout the day.

Notification Settings X
Time Settings
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Oneindia sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Oneindia website. However, you can change your cookie settings at any time. Learn more