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Iata: right decisions on air transport will benefit Hong Kong's economy

Hong Kong, China - The declarations of Giovanni Bisignani at the Aerospace Forum Asia

"Global losses of over US$36 billion between 2001 and 2004 make industry change critical", said Giovanni Bisignani, Director General and CEO of the International Air Transport Association (IATA) at the Aerospace Forum Asia. "The extraordinarily high price of fuel will keep the industry in the red again in 2005 with another US$5.5 billion in losses". "Airlines have done a great job of cutting costs...

fra/pec - 118739
Rome, Italy, 04/15/2005 17:53
AVIONEWS - World Aeronautical Press Agency

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