Wednesday, December 15, 2010

China drives growth in int'l air transport

The International Air Transport Association (IATA) in Geneva said on Dec. 14 that the focus of international air transport industry is moving east, and China has become the key driver for development in the industry.

Giovanni Bisignani, Director General of the International Air Transport Association said that the profit forecast of the international air transport industry in 2010 is 1.5 billion U.S. dollars with a net profit margin of 2.7 percent.

"More than half of the expected profit is from the Asia-Pacific region, which totaled 7.7 billion U.S. dollars, and China has made great contributions by continuing to increase earnings expectations this year," said Bisignani

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