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Iata: industry in crisis, change essential

Washington, Usa - The Declaration of Washington outlines six measures needed to the change

"'Bold changes are needed to ensure the long-term financial sustainability of the air transport industry', said Iata Director General and CEO Giovanni Bisignani at the opening of the 59th Annual General Meeting (AGM) of Iata in Washington DC. The successive impact of September 11, a world economic slowdown and Sars has been devastating. Industry losses in 2001 and 2002 amounted to US$25 billion. Bisignani...

AVIONEWS - World Aeronautical Press Agency - 46199

AVIONEWS - World Aeronautical Press Agency
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