Middle East
Mideast, Asia-Pacific region to lead global passenger growth: IATA
Last Updated: 2013-12-11 07:30 | Xinhua
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The Middle East and Asia-Pacific region will see the strongest annual passenger growth until 2017, the International Air Transport Association (IATA) said Tuesday in its newly released industry report for global civil aviation.

The report said the Middle East and Asia-Pacific region will have an annual growth of 6.3 percent and 5.7 percent respectively in the period between 2013 and 2017, followed by Africa and Latin America with compound annual growth rates (CAGR) of 5.3 percent and 4.5 percent respectively.

The global passengers would increase by 31 percent to reach 3. 91 billions by 2017, the IATA report added.

Tony Tyler, IATA's director general and chief executive, said the fact that the Middle East and the Asia-Pacific region led by China will deliver the strongest growth in the following years was not surprising.

"Governments in both regions recognize the value of connectivity provided by aviation to boost global trade and development," he said, adding similar opportunities also existed in Africa and Latin America.

"Governments in those regions need to change their views on aviation from a luxury cash cow to a utilitarian powerful draft horse to reap benefits and advance economic development," said Tylor.

Globally, the aviation industry supports some 57 million jobs and 2.2 trillion U.S. dollars in economic activities, said the IATA report.

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