The air transport industry is bullish on the untapped prospects of the Southeast Asian market, which is set to be among the fastest-growing regions in the world.
Speaking at Routes Asia 2024 in Langkawi, Malaysia, ACI Asia-Pacific and Middle East Director General Stefano Baronci said Indonesia is expected to rise up the ranks of the world’s busiest passenger markets to seventh place in 2032, reaching fourth by 2042.
ACI estimates that the Philippines, India, Indonesia and Thailand will top the fastest-growing markets between 2023-42, with CAGR between 6.2%-7.2%. More importantly, Baronci…
