Global Industry Analysts, Inc. has released an invaluable insight into the future of air travel entitled ‘Air Travel: A Global Strategic Business Report’. The comprehensive report provides an in-depth review of the prevailing trends, recent developments, players, competition, demand forecasts, mergers, acquisitions, and other strategic industry activities. Over the years, air travel has witnessed a number of remarkable technological advancements – i.e. supersonic jets, intercontinental non-stop service, space travel, and jumbos. Since the beginning of 21st Century, air travel, historically considered as a luxury, has emerged as a vital part of human life and an economic requirement.
Currently, the world air traffic is registering sluggish growth, which has been largely attributed to the unfavourable economic climate and fluctuating jet fuel prices. Though a drop in fuel prices in the Quarter four of 2008 certainly provided some much needed relief to airlines, the ongoing economic crisis is the biggest challenge currently faced by the industry. However, increasing air travel demand in developing countries like India, China, |