IATA sees strong growth in Indonesia

The International Air Transport Association (IATA) says Indonesia is poised to become one of the fastest growing markets for the airline industry despite the current financial crisis. “The potential for aviation in Indonesia is enormous. Alongside its significant domestic traffic, its location at the heart of Southeast Asia gives this market tremendous potential. As ASEAN moves forward with liberalization, it is important that Indonesia is well prepared with a safe industry operating on infrastructure that meets global standards,” said IATA CEO Tony Tyler. He said that by 2014, international traffic to Indonesia was expected to be about 22.7 million passengers, with a compound annual growth rate of 9.3 percent between 2010 and 2014. The size of the domestic market is expected to be 38.9 million passengers in 2014, which is a compound annual growth rate of 8.7 percent between 2010 and 2014. Meanwhile, freight is forecast to be 300 million tons, a compound annual growth rate of 9.4 percent between 2010 and 2014.