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.