Asia Pacific - The Booming Market

This article examines the effect of the rapid growth and increased trade on the potential expansion of the airline industry in the Asia/Pacific region. Industry analysts predict that China will become the world's next economic powerhouse, although India is also positioned to expand rapidly due to its history of democracy, long-established business links with the West, and its population's familiarity with the English language. With economic growth comes a boom in air travel as more citizens in these countries are able to afford to fly. If only one percent of India's rail travelers could be persuaded to fly it would produce enough traffic to fuel creation of more than 30 new airlines. The potential in China is even greater. The author does, however, suggest that soaring oil prices could dampen enthusiasm about the market, as well as the possibility of a bird flu outbreak. Included in the article are photographs of new airports in Beijing, Japan, India, and Singapore.

Language

  • English

Media Info

  • Media Type: Print
  • Features: Illustrations; Photos;
  • Pagination: pp 12-13
  • Serial:

Subject/Index Terms

Filing Info

  • Accession Number: 01014967
  • Record Type: Publication
  • Source Agency: UC Berkeley Transportation Library
  • Files: BTRIS, TRIS
  • Created Date: Jan 3 2006 9:02AM