Indian aviation market may grow incredibly: IATA

New Delhi, Sep 23: "If Indians flew as much as Americans, it would be a market for Indian aviation for over 4 billion passengers," said Giovanni Bisignani, Director General & CEO of the International Air Transport Association (IATA) on Thrusday, Sep 23.

Addresing an Interactive meeting on "Challenges of Indian Aviation," Bisignani said, "there is tremendous potential for Indian aviation to grow, currently 42 million annual passengers fly domestically and 34 million internationally."

"But there is still much more to be done. It's time to take care of structural weaknesses and go for a comprehensive approach," said Giovanni.

India allows 100 percent FDI in transit systems, ports, harbors, hotels, ocean transport and road systems. But airline FDI is restricted to 49 percent. Moreover, no foreign airline can invest in an Indian airline.

Dr Vijay Mallya, Chairman, CII National Committee on Civil Aviation and Chairman and MD of Kingfisher airlines Ltd said that, "the Indian aviation industry will see a new high and India has the potential to emerge as an aviation hub."

OneIndia News