TODAY’S MARKET
Asia has become one the biggest aviation markets in the world—at last count, a billion passengers travel to, from, or within the region each year. And more than 100 million new passengers are projected
to enter the market annually for the foreseeable future. As a result, the airlines and airports in this region are continually growing, with several ranked among the largest in the world. This evolution has been due largely to regional economic growth; liberalization and deregulation; new, efficient airplanes, and new business models. Over the past decade,
·Jet fleets of Asia airlines have nearly doubled, from 2,900 to 5,850.
·The number of Asia airlines with jet fleets has grown from 150 to 225.
·The capacity that these airlines provide has grown on average by 7 percent annually.
·Routes to, from, and within Asia have increased 57 percent, from 2,200 to 3,800