MUMBAI: The near 20 per cent volume growth that the domestic aviation market has been witnessing so far this fiscal may continue to next year as well with volumes likely to fly past the 150-million mark in FY19, up from 125 million in FY18, says an industry report.
According to a projection by the Centre for Asia Pacific Aviation (Capa) India, domestic passenger volumes are poised to touch 125 million by this March, growing 18-20 per cent and may clip at the same rate and reach the 150 million-mark by March 2019, reports PTI.
“Domestic air traffic is expected to grow 18-20 per cent and touch 125 million in the year to March 2018. The domestic volume will reach 150 million in March 2019,” Capa India head Kapil Kaul said here today.
According to the aviation regulator DGCA data, as many as 117 million passengers flew in calendar year 2017.
The number of international passengers is expected to increase by 12 per cent reaching around 65 million by March 2018 and may touch 75 million by March 2019, he added.
He opined that if the government lifts the bilateral restrictions for international operations, this segment can grow nearly 15 per cent over the next three-five years.