India's domestic air passenger traffic grew by a whopping over 26 per cent in July over the same period last year, helped by low air fares and increase in capacity by the local carriers. "Domestic travel demand globally climbed 3.8 per cent in July compared to July 2015, its slowest pace in 19 months.
Even as China and India are booming while more mature markets are stuck in neutral," according to the monthly air passenger traffic data by the International Air Transport Association (IATA). The air travel demand in India surged 26.2 per cent in July as against the average global demand of 3.8 per cent during the period, IATA said.
Domestic capacity globally grew 3.7 per cent, while the seat occupancy in aircraft rose 0.1 percentage point to 84 per cent in July 2016, it said. "July saw demand strengthen, after a softening in June.
Demand was stimulated by lower fares which, in turn, were supported by lower oil prices. And near record high load factors demonstrate that people want to travel," IATA's Director General and CEO Alexandre de Juniac said.
India, Greece sign MoU for air services agreement
India on Wednesday inked a preliminary pact with Greece for bilateral Air Services Agreement (ASA) that proposes to allow unlimited points of call for domestic airlines in the European nation. Seeking to improve international air connectivity for Indian carriers, the government has been entering into air services pacts with many countries besides making efforts to re-negotiate existing agreements. Civil Aviation Secretary R N Choubey on Wednesday said India and Greece have signed an MoU for Air Services Agreement under the 'open sky' policy.