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www.AviationPros.com 19 IN 2015, a total of 23 million tourists traveled to Thailand by air, which is an increase of 21 percent, compared to 19 million in 2014. Total MRO expenses from 2015 to 2024 are estimated to be about U.S. $167 billion (THB 5,990 billion) in the Asia-Pacific region. ver the past 30 years, the airline industry has grown worldwide exponentially driven by the strong global travel demand. According to the 2015 Global Market Forecast Report by Airbus, passenger air traffic has doubled every 15 years since the early '80s, and is expected to further grow at an average annual rate of 4.6 percent over the next 20 years. In the Asia-Pacific region there seems to be room for considerable growth, based on the fore- cast of a 20-year growth rate at 5.7 percent yearly. According to the forecast, the Asia-Pacific region will account for 36 percent of the world's air traffic, increasing from 29 percent a year in 2014. Given its growth potential and budding opportunities, many international aerospace companies are looking to expand and locate their business in the Asia-Pacific region. Thailand is set to grow and benefit from the rising demand in global aviation thanks to its available skilled human resources, its geographical advantage, and strong government support. The country is on its way to becoming Asia's premier aviation hub, and a full-service leader in the aero- space industry. THAILAND'S DOMESTIC MARKET EXPANSION Thailand's aviation growth is experiencing rapid expansion, as many global aviation subjects shift their attention to the Asia-Pacific region. According to the Air Transport Information Division of AOT* (AOT, Airports of Thailand Public Company Limited), total air traffic in Thailand increased by 21 percent from 2014 to 2015, aircraft movement increased by 17 percent, and passenger numbers by 21 percent. In value terms, this generated an increase of about $167 million U.S. of revenue to