Indonesia’s 2011 airline passengers up by 15%

The number of airline passengers in Indonesia last year rose by 15% to 66-M, indicating a growing demand in the Southeast Asia’s largest economy, a local paper said Wednesday.
The Transportation Ministry’s director for air transportation, Djoko Murjatmodjo, said that number of domestic and international travelers totaled 58.84-M and 7.2-M in Y 2011, the Jakarta Post reported.

“The data indicates strong economic growth in Indonesia as well as a strong domestic-airline market,” Djoko said.

Bambang Ervan, the ministry’s spokesman, said that the economic downturn in Europe would not impact Indonesia’s airline business because the Asian market remained promising.

“National flag carrier Garuda Indonesia, for instance, has announced it will open new routes to Tokyo through Haneda and Taipei this year, even though they have reduced their Amsterdam flights,” Bambang said.

Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.
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Posted by Shayne Heffernan on Jan 25th, 2012and filed underLatest News.You can follow any responses to this entry through theRSS 2.0Responses are currently closed, but you can trackback from your own site.