TBM Staff - Mumbai
India has initiated the process of consolidating its four airspace regions into one encompassing the entire nation to streamline and improve air traffic management. The Airports Authority of India (AAI), responsible for air traffic
TBM Staff - Mumbai
ICRA, the credit rating agency, forecasted an 8 to 13 percent growth in Indian air passenger traffic for the fiscal year 2024, reaching between 150 to 155 million and exceeding the pre-pandemic figure of 141.2
TBM Staff - Mumbai
In a significant development for the Indian aviation industry, a robust order book of 1,700 aircraft has been secured, marking a noteworthy expansion over the current fleet size, which stands at just over 600. The
TBM Staff - Mumbai
The Indian hospitality sector anticipates substantial revenue growth of 7-9% in the upcoming financial year 2024-25, according to a report published by Investment Information and Credit Rating Agency (ICRA). Domestic leisure travel, Meetings, Incentives,
TBM Staff - Mumbai
Domestic airlines’ passenger traffic is estimated to grow at 8-13% in the 12 months from April to touch 145-150 million (14. 5 crore to 15 crore), which is much higher than the pre-Covid levels, said
TBM Staff - Mumbai
The travel and tourism industry's direct contribution to India's Gross Domestic Product (GDP) is expected to post an annual growth rate of 10.35 per cent between 2019 and 2028, according to a report by the
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