KUALA LUMPUR (Nov 19): The International Air Transport Association (IATA) estimates that some 3.3 billion passengers are expected to board flights this year, and this was expected to grow to 7.3 billion by 2034.
In a statement today, IATA director general and chief executive officer Tony Tyler said it was no understatement to say that air connectivity underpins modern economies.
“Aviation and aviation-enabled tourism accounts for over 24 million jobs and over $500 billion in economic activity across the Asia-Pacific region. And that contribution has tremendous potential to grow,” he said.
Tyler said that taking into account connecting flights that consists of some 2.8 billion journeys today, would grow to 6.1 billion by 2034.
“By 2034 we expect that nearly half of all air travel (some 2.9 billion journeys) will touch the Asia-Pacific region (up from around 40% today).
“Over the next 20 years, Asia-Pacific is expected to account for about two-thirds of global growth.
“Aviation is an industry with tremendous potential. Asia-Pacific is leading the industry’s growth. But there will be challenges to become ever safer, to provide cost-efficient infrastructure and to ensure environmental responsibility,” said Tyler.