Bangladesh, June 8 -- Sheldon Hee, IATA's Regional Vice President for Asia Pacific, said India has been a significant player in the region's growth story for the last several years, adding that the country is among the world's fastest-growing domestic civil aviation markets.

"The growth in the Asia Pacific has been strong over the last 5-10 years and will continue to be strong in the next decade or so," he said.

The region is projected to add 2.4 billion passengers between 2024 and 2044, growing from 1.7 billion to 4.1 billion. Hee identified infrastructure, taxation, overregulation, and sustainable growth as the key challenges facing the region.

To address capacity constraints, airport capital expenditure in Asia Pacific is expected ...