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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Asia now world's biggest air travel market: IATA AFP - Monday, February 1 Send IM Story Print Asia now world's biggest air travel market: IATA Slideshow: Full Photo Coverage: Business & Economy SINGAPORE (AFP) - – The Asia-Pacific region has overtaken North America as the world's largest air travel market with 647 million passengers in 2009, the International Air Transport Association (IATA) said Monday. By contrast, 638 million people flew on commercial flights in North America last year, IATA said at an aviation business conference on the eve of the Singapore Airshow featuring the world's leading aviation industry players. Within Asia, China has eclipsed Japan over the past decade as the region's largest domestic market, with 1,400 aircraft compared with Japan's 540 and 5.7 million weekly seats against 2.6 million in Japan. IATA director general Giovanni Bisignani told the conference that the Asia-Pacific market will continue to grow rapidly with an estimated 217 million additional air passengers a year in the region by 2013. "While we see dynamism and diversity within the region, the aspect of Asia-Pacific that excites me most is its potential," said Bisignani. "More than a quarter of the 2.2 billion people who flew last year, or 647 million people, flew within Asia-Pacific markets. "It has eclipsed travel within North America as the traditional leader in traffic numbers." IATA represents some 230 carriers that account for more than 90 percent of scheduled air traffic, but does not include many of the budget airlines credited with a boom in short and medium-haul travel in recent years. Its members in Europe, the Asia-Pacific region, and North America recorded year-on-year declines in passenger demand of 5.0 to 5.6 percent in 2009, according to an earlier IATA report. But Asian airlines staged a stronger recovery in demand in December, at nearly twice the global average, while travel on European and North American carriers stagnated or slipped. Recommend Send IM Story Print Related Articles Moody's affirms Cikarang Listrindo's Ba2 bond rating Reuters - 1 hour 6 minutes ago European stock index futures signal sharp losses Reuters - 1 hour 10 minutes ago BRIEF-Dogan Yayin says tax court rules in its favour Reuters - 1 hour 10 minutes ago China manufacturing expanded in Jan, surveys show AP - 1 hour 14 minutes ago S.Korean auto shares up as sales jump; Toyota targeted Reuters - 1 hour 15 minutes ago News Search Top Stories Healthy adults need less sleep as they age: study Continental on trial for Concorde Paris crash Brazil's fortunes slump on bubble fears, China tightening IMF plans 100 billion fund to help poor mitigate climate impact Bankers leave Davos battered by blame game More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Federer makes it 16 slams with Murray win Gandhi ashes scattered off South Africa GlaxoSmithKline to axe 4,000 jobs in US, Europe Brazil's fortunes slump on bubble fears, China tightening Bankers leave Davos battered by blame game More Most Viewed » Woman who saved Anne Frank's diary dead at 100 Scientists praise Obama as Doomsday clock reset More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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