According to Airbus’ latest market forecast and the “Journal for Civil Aviation Training,” India will need 1,043 new freight and passenger aircraft in the next 18 years to meet the rapid and increasing demand in air travel. These new aircraft are valued at USD$145 billion.
Of these new airplanes, nearly all are expected to be passenger aircraft — 1,020 of them, and of those, 860 of them will be to satisfy growth in passenger travel;160 will be for replacement of aging aircraft currently in use.
India’s yearly growth in passenger travel is well above the U.S., Europe and even other Asia Pacific countries: India’s passenger increase is 7.2 percent a year now. Other Asia Pacific countries aviation growth is a healthy 5.9 per cent. Worldwide, the average growth in airline passenger traffic is 4.8 per cent.
There are many reasons for this rapid growth: a growing middle class, growing urbanization and overall economic growth in India. Though India has been challenged economically recently, as has the world in general, air travel growth is expected to continue increasing rapidly: it is estimated that it will reach 10 percent annually, making it the fastest growing country in the world in air travel!
Do you want to be an airline pilot in the Asia Pacific region? If so, now is the time to start your training. Where to train? Many people believe that you can receive excellent training faster and less expensively — and often better — in the U.S. than in Asia or Europe. If you are interested in learning more, contact an Admissions Officer at Phoenix East Aviation. Call 1.386.258.0703 or see www.pea.com.