Airlines Adding International Capacity
There was double-digit growth in the first six months of this year in the international airline market. British Airways traffic rose 2.7 percent overall, with premium traffic jumping 8.6 percent. Virgin Atlantic Airways business-class travel rose 26 percent.
U.S. airlines are also responding to strong demand in the industry. Northwest Airlines has introduced flights between Minneapolis and Bangalore, india. American Airlines has added daily non-stops between Chicago and Delhi.
The past three years have shown excellent growth for NetJets Europe. It is about to take delivery of 33 new aircraft this year, increasing its fleet to 91. NOTE: 140 NEW PILOTS ARE BEING HIRED IN 2005-2006 TO MEET THIS INCREASED DEMAND.
And air travel originating in Asian cities is the fastest growing in the world; it is estimated to surpass U.S. origination air traffic within ten years. 25% of United Airlines capacity (measured by available seats) is already in the the Asia-Pacific region. China air travel is increasing by six million passengers each year.