Global air transport set for strong 2018 growth

Despite entering what is typically considered the downturn year of a cyclical period in air travel, the aviation industry is expected to continue its strong growth in 2018, underpinned by strong global economic growth. While the past three cycles in air travel lasted around eight years before ending in a downturn, strong global gross domestic product (GDP) growth extended the current air travel cycle, International Air Transport Association (Iata) chief economist Brian Pearce said on Tuesday.