International Air Transport Association (IATA): Recently, India’s aviation industry has made a strong comeback, surpassing pre-pandemic levels to emerge as the world’s third-largest aviation market by passenger traffic, according to the International Air Transport Association (IATA).
o This growth is attributed to the rise of strong Indian airlines expanding their domestic and international networks.
o Surge in Passenger Traffic (December 2024) : International traffic: Up nearly 20% compared to 2019 and Domestic traffic: Increased by over 8% compared to pre-pandemic levels.
o Established: April 1945, HQ: Montreal, Canada
o Objectives and Core Functions: Represents global airline interests, advocating for fair regulations and reduced operational costs.
- Sets international technical and commercial standards to ensure safe, efficient, and sustainable air transport.
- Represents 317+ member airlines from over 120 countries, accounting for approximately 82% of global air traffic.
o Develops global frameworks for: Safety and security , Ticketing and reservations, Cargo handling and Financial settlement systems
o Organizes the World Air Transport Summit (WATS) to address key industry challenges such as: Sustainable Aviation Fuel (SAF)
- Decarbonization and energy security
- Innovation in airport infrastructure and connectivity
- Green financing for aviation sustainability
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