Asia is now world”s biggest air travel market: IATA
SINGAPORE: The Asia-Pacific region has overtaken North America as the world”s largest air travel market with 647 million passengers in 2009, the International Air Transport Association (IATA) said Monday.
By contrast, 638 million people flew on commercial flights in North America last year, IATA announced at an aviation business conference on the eve of the Singapore Airshow featuring the world”s leading aviation industry players.
Within Asia, China has eclipsed Japan over the past decade as the region”s largest domestic market, with 1,400 aircraft compared with Japan”s 540 and 5.7 million weekly seats against 2.6 million in Japan.
IATA director general Giovanni Bisignani told the conference that the Asia-Pacific market would continue to grow rapidly with an estimated 217 million additional air passengers a year in the region by 2013.
IATA represents some 230 carriers that account for more than 90 percent of scheduled air traffic, but does not include many of the budget airlines credited with a boom in short and medium-haul travel in recent years.
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