Asia-Pacific passenger traffic is projected to grow at a compounded annual growth rate (CAGR) of 6.7 per cent during 2012-16.
The International Air Transport Association has forecast that this will represent 33 per cent of global passengers in 2016. This will make the region the largest market ahead of North America and Europe, according to V.K. Mathews, Executive Chairman, IBS Group.
Based here, IBS Software is a leading player in the global travel, transport and logistics sector. Asia-Pacific, West Asia and Africa are all high-growth areas for both passenger and cargo traffic, Mathews said.
International freight demand is expected to grow 3 per cent during 2012-16. International cargo demand will rise 4 per cent. Africa is forecast to report the strongest passenger growth with 6.8 per cent CAGR.
CARGO GROWTH
West Asia is expected to have the third fastest growth rate at 6.6 per cent.
Freight demand will grow at 4.9 per cent, strongest among the regions. These represent a fantastic opportunity for transformational partner such IBS, Mathews said. “We are in talks with several airlines from these regions not only in the cargo space but also for passenger services, airline operations, MRO (maintenance, repair and operations) and domain-centric IT services. “I expect a sizeable chunk of our business from these regions in the next 2-3 years.”
IATA-mandated e-freight will help eliminate paper from air cargo process. The ultimate goal is to significantly enhance logistics efficiency in terms of improving cost, quality, throughput and pace.
A key component is digital air way bills, Mathews said.
IATA has set a target of having 100 per cent electronic air way bills by 2015. Flagship IBS product iCargo supports messaging requirements mandated by e-freight, Mathews explained. Being fully Web-based and browser-driven, iCargo becomes an enabler of e-processing of shipments. It reduces paper documentation and trims costs associated with message interchange while enhancing quality of data captured.
http://www.thehindubusinessline.com/industry-and-economy/logistics/in-three-years-a-third-of-global-air-passengers-will-be-from-asiapacific/article4407988.ece
The International Air Transport Association has forecast that this will represent 33 per cent of global passengers in 2016. This will make the region the largest market ahead of North America and Europe, according to V.K. Mathews, Executive Chairman, IBS Group.
Based here, IBS Software is a leading player in the global travel, transport and logistics sector. Asia-Pacific, West Asia and Africa are all high-growth areas for both passenger and cargo traffic, Mathews said.
International freight demand is expected to grow 3 per cent during 2012-16. International cargo demand will rise 4 per cent. Africa is forecast to report the strongest passenger growth with 6.8 per cent CAGR.
CARGO GROWTH
West Asia is expected to have the third fastest growth rate at 6.6 per cent.
Freight demand will grow at 4.9 per cent, strongest among the regions. These represent a fantastic opportunity for transformational partner such IBS, Mathews said. “We are in talks with several airlines from these regions not only in the cargo space but also for passenger services, airline operations, MRO (maintenance, repair and operations) and domain-centric IT services. “I expect a sizeable chunk of our business from these regions in the next 2-3 years.”
IATA-mandated e-freight will help eliminate paper from air cargo process. The ultimate goal is to significantly enhance logistics efficiency in terms of improving cost, quality, throughput and pace.
A key component is digital air way bills, Mathews said.
IATA has set a target of having 100 per cent electronic air way bills by 2015. Flagship IBS product iCargo supports messaging requirements mandated by e-freight, Mathews explained. Being fully Web-based and browser-driven, iCargo becomes an enabler of e-processing of shipments. It reduces paper documentation and trims costs associated with message interchange while enhancing quality of data captured.
http://www.thehindubusinessline.com/industry-and-economy/logistics/in-three-years-a-third-of-global-air-passengers-will-be-from-asiapacific/article4407988.ece
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