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India leads in low-cost carrier growth
Why is it in the news ?
- According to Centre for Asia Pacific Aviation (CAPA)India has emerged as the fastest growing low-cost carrier (LCC) market in the world.
- India recorded the largest increase (an additional 15.6 million) in departure seats in the first nine months of this year.
More in the news
CAPA findings :
- Indian has also reinforced its position as the second largest LCC country market.
- LCC market in India also had the largest year-on-year rise among the top ten country markets, up 20.7%.
- Double-digit rises were also recorded in the top ten by China (+19.1%), Germany (+18.7%) and Thailand (+16.5%).
- The U.S., where the model was born, remains the largest LCC market at more than two-and-a-half times the size of the emerging Indian market.
Centre for Asia Pacific Aviation (CAPA)
- Centre for Aviation is one of the world’s major sources of market intelligence for the aviation and travel industry.
- Since its establishment in 1990, CAPA has developed a formidable global network of aviation researchers and analysts located across Europe, North America, Asia and Australia.
- CAPA provide Members with access to more than 400 News Briefs each day, as well as Analysis Reports, Research Publications and a comprehensive Data Centre with extensive company profiles, MRO data, airline and airport databases, and more.
Source
The Hindu, CAPA