• Login
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
  • Home
  • News
    • General
    • Political
  • Economy
  • Business
    • Agribusiness
    • Aviation
    • Banking & Finance
    • Energy
    • Insurance
    • Manufacturing
    • Markets
    • Maritime
    • Real Estate
    • Tourism
    • Transport
  • Technology
    • Telecom
    • Cyber-security
    • Cryptocurrency
    • Tech-guide
    • Social Media
  • Features
    • Interviews
    • Opinions
  • Reports
    • Banking/Finance
    • Insurance
    • Budgets
    • GDP
    • Inflation
    • Central Bank
    • Sec/Gse
  • Lifestyle
    • Sports
    • Entertainment
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video
No Result
View All Result
No Result
View All Result
NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
No Result
View All Result
Home Business Aviation

IATA expects 430 million additional air journeys in India by 2040

3 years ago
in Aviation, Features, highlights, Home, home-news, latest News, Transport
1 min read
0 0
0
59
VIEWS
Share on FacebookShare on TwitterShare on Linkedin

IATA expects 430 million additional air journeys in India by 2040

While Indian airlines are expected to remain under stress for many more months, the country’s overall aviation growth is set to soar in the long term, according to the International Air Transport Association (IATA).

The forecast was made at an aviation forum in New Delhi, where industry and government officials discussed India’s aviation needs and projections.

IATA’s Head of Policy Analysis, Andrew Matters, said that India’s aviation industry can expect a compound annual growth rate (CAGR) of 5.8% for the next two decades.

This is in line with the estimates of several other aviation bodies and even plane manufacturers, which predict massive demand over the coming years.

At the IATA Aviation Energy Forum held in New Delhi on November 15th, Matters said “We at IATA expect Indian aviation to cater to 430 million additional air passenger journeys to and from and within India in 2040 compared to 2019.”

Earlier this year, Boeing predicted that India will be the fastest-growing aviation market with 7% annual growth until 2040.

RelatedPosts

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

Airbus, too, has estimated similar numbers and says that India will need 2,210 new aircraft over the next 20 years.

As demand for more flights progressively increases, India is aware of the infrastructure requirements to support such growth.

Rajiv Bansal, India’s Civil Aviation Secretary was also present at the event and highlighted that by December, India will have inaugurated six new airports in a span of 12 months, reminding that two new airports – one in Itanagar and one in Goa – will be inaugurated in coming weeks.

Indeed, around 80 new airports are expected to pop up in India in the next five years to fuel the growing aviation sector.

In the last eight years alone, the number of airports in the country has increased from 74 to 141. This number is expected to shoot up to around 220 in the next half a decade if all goes according to plan.

Even India’s aviation regulator, the Directorate General of Civil Aviation (DGCA), is looking to hire more than 400 employees to monitor the country’s growing fleet size and ensure that rules are followed and corrective measures are taken.

Tags: IATAIATA expects 430 million additional air journeys in India by 2040India
No Result
View All Result

Highlights

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

Banking Sector Soundness Remains Robust in 2024 Amid Strong Profitability, Adequate Capital Buffers

Sha’Carri Richardson Withdraws from US Trials Following Arrest

From Singuluma to El Kaabi: Can CHAN 2024 Unleash the Next Hat-trick Hero?

Ghana to Welcome King’s Baton Relay on August 8 Ahead of 2026 Commonwealth Games

Trending

Features

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes

August 2, 2025

Parliament Adjourns Sine Die After Intense Legislative Session Marked by Reform Calls and Tributes Parliament has adjourned...

GACL Terminates Evatex Revenue Assurance Contract Amid OSP Probe

August 2, 2025

Cyber Security Authority Flags Rising Mobile Data Scam, Cautions Public

August 2, 2025

Gov’t Reopens Talks With PayPal to Restore Full Service Access in Ghana

August 2, 2025
Bank of Ghana

Financial Sector Assets up 34.6% in 2024 to GHS 525.59 Billion

August 2, 2025

Who we are?

NORVANREPORTS.COM |  Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World

NorvanReports is a unique data, business, and financial portal aimed at providing accurate, impartial reporting of business news on Ghana, Africa, and around the world from a truly independent reporting and analysis point of view.

© 2020 Norvanreports – credible news platform.
L: Hse #4 3rd Okle Link, Baatsonaa – Accra-Ghana T:+233-(0)26 451 1013 E: news@norvanreports.com info@norvanreports.com
All rights reserved we display professionalism at all stages of publications

No Result
View All Result
  • Home
  • Business
    • Agribusiness
    • Aviation
    • Energy
    • Insurance
    • Manufacturing
    • Real Estate
    • Maritime
    • Tourism
    • Transport
    • Banking & Finance
    • Trade
    • Markets
  • Economy
  • Reports
  • Technology
    • Cryptocurrency
    • Cyber-security
    • Social Media
    • Tech-guide
    • Telecom
  • Features
    • Interviews
    • Opinions
  • Lifestyle
    • Entertainment
    • Sports
    • Travel
    • Environment
    • Weather
  • NRTV
    • Audio
    • Video

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
NORVANREPORTS.COM | Business News, Insurance, Taxation, Oil & Gas, Maritime News, Ghana, Africa, World
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.