Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

'Amazing' Gulf airlines  Join our daily free Newsletter

MENAFN - Khaleej Times - 10/11/2012

No. of Ratings : 0
Add to Mixx!


 


(MENAFN - Khaleej Times) Gulf airlines, growing at an "amazing" pace, have been driving the Middle East's traffic growth to double digits, according to the International Air Transport Association, or Iata.

The Middle East and North Africa region is a growing force in aviation; over the last decade, the Middle East's share of global international traffic has risen from about five per cent to about 11.5 per cent, Iata director-general and chief executive officer Tony Tyler said.

"The rise of the Gulf carriers is an amazing story. They are leading Middle East traffic growth that is still in the double digits. And even if we look at the less-headline-grabbing carriers in North Africa, we are seeing a healthy demand performance," said Tyler, while addressing the Arab Air Carriers Organisation, or Aaco, Annual General Meeting in Algiers.

The Iata chief blasted the European Union for pursuing the "unilateral and extra-territorial inclusion" of international aviation in its Emissions Trading Scheme.

"It is a roadblock instead of a stepping stone. States outside of Europe see this as a challenge to their sovereignty. This is dividing the world and recklessly risking a trade war," Tyler said.

Outlining areas in which opportunities exist to further develop aviation in the Mena to benefit the region's economies, Tyler said aviation should be a catalyst for growth.

"The Gulf area has prospered from big thinking on aviation. In the UAE, for example, a study by Oxford Economics recently concluded that aviation supports some 15 per cent of the gross domestic product, or GDP, and 14 per cent of total employment. Building on world-class infrastructure and business-friendly policies, the Gulf carriers are now extending their reach through alliances, equity stakes and innovative partnerships," he said.

Tyler called for similar big thinking across North Africa to help spur economic development and GDP growth. "For example, why not move forward with developing a major North African hub?"

He observed that safety is a top priority and global standards such as the Iata Operational Safety Audit, or Iosa, are critical to achieving industry-levels of safety across Mena. "In the first ten months of 2012 there has not been a single Western-built jet hull loss in the Mena region. This is a great achievement," said Tyler.

"However, if we look at all accidents the picture is different. The accident rate for non-Iosa carriers is trending at about three-and-a-half times worse than those on the registry. This is clear evidence that Iosa improves safety," said Tyler.

He maintained that rowing traffic in the region must be matched with sufficient airspace capacity. "Mena must avoid the inefficiencies that we see in Europe. There is no room for complacency. In the Gulf, ATM delays are already nearing crisis levels," he pointed out.

Evolving East-West traffic patterns are creating new challenges across the region, including North Africa, he said. Successfully handling this will require cooperation among states, he added.

Tyler pointed out that sustainability is a key priority for the global aviation industry. Aviation contributes about two per cent to global carbon emissions. He reiterated the industry's commitments to manage and reduce its carbon emissions.

"No other industry has made tougher commitments to emissions reductions than aviation. We are making good progress toward our targets to improve fuel efficiency by 1.5 per cent annually to 2020, cap net emissions from 2020 with carbon-neutral growth, and cut net emissions in half by 2050 compared to 2005," he said.

 






  MENA News Headlines
Apr 23 2014Kowait: 5938 illegal residents said 'rectified' status ,Arab Times
(MENAFN - Arab Times) Kuwait city april 5 (kuna): up to 5 938 illegal residents have modified their status since formation of the central agency for remedying illegal residents' status in 2011 ...

Apr 23 2014Kowait- 'All must join hands to save youth from strife' ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (kuna): minister of information and minister of state for youth affairs sheikh salman al-sabah said tuesday the youth ministry has completed a study ...

Apr 23 2014Kowait- MoH boosts efforts to curb obesity rate ,Arab Times
(MENAFN - Arab Times)  kuwait city feb 3 (kuna): director of the health well-being division of the ministry of health dr abeer al- baho affirmed sunday that the ministry scaled up the efforts ...

Apr 23 2014UAE- Local international companies come out in force ,Khaleej Times
(MENAFN - Khaleej Times) Cityscape abu dhabi has started showing stronger interest from property developers who have showcased their upcoming projects. the three-day realty show was opened by ...

Apr 23 2014UAE- ADCB NIC in Dh950 million deal ,Khaleej Times
(MENAFN - Khaleej Times) Abu dhabi commercial bank or adcb this week inked a dh950 million term facility to provide national investment corporation or nic the developer of the breakwater area in ...

Apr 23 2014Galadari Automobiles unveils all-new 2015 Mazda3 in UAE ,Khaleej Times
(MENAFN - Khaleej Times) The all-new mazda3 was unveiled to the world at events held simultaneously in five cities where the consensus was loud and clear: ?mazda has done it again!? galadari ...

Apr 23 2014Kowait- Parliament refuses to lift MP immunity ,Arab Times
(MENAFN - Arab Times) Kuwait april 3 (kuna): the national assembly committee on legislative and legal affairs has turned down a request from the public prosecution on wednesday to lift the immunity ...

Apr 23 2014Kowait- Police deportation powers curbed ,Arab Times
(MENAFN - Arab Times) Kuwait city april 3 (afp): kuwaiti police will no longer be able to deport expatriates without interior ministry approval under new rules published thursday after officers ...

Apr 23 2014Kowait- Amiri Diwan urges all off tape case ,Arab Times
(MENAFN - Arab Times)  kuwait city april 9 (agencies): the amiri diwan has called on everybody to steer clear of the controversial tape issue and let the public prosecution take the necessary ...

Apr 23 2014UAE- Cassation Court upholds' drug dealer's life term ,Khaleej Times
(MENAFN - Khaleej Times) The abu dhabi court of cassation on monday upheld the life sentence awarded to a gcc national for drug smuggling and trafficking. the court also upheld his one-year ...

Apr 23 2014Kowait- New hospital to be ready by 2014 end ,Arab Times
(MENAFN - Arab Times) Kuwait city jan 14 (kuna): director of the 'mega projects 3' group at kuwait oil company (koc) yaqoub dashti said on tuesday that the new ahmadi hospital would be ready to ...

Apr 23 2014Kowait- Rationalization of water use in focus ,Arab Times
(MENAFN - Arab Times) Kuwait city april 7 (kuna): under the patronage of minister of electricity and water abdulaziz al-ibrahim kuwait environment protection society (keps) organized monday a ...

Apr 23 2014Breaking an egg ... for charity in Abu Dhabi ,Khaleej Times
(MENAFN - Khaleej Times) The campaign which runs till the end of april features a live exhibition to the public and a private auction of the life-sized eggs. shaikh nahyan bin mubarak al nahyan ...

Apr 23 2014UAE- Dewa and GE explore collaboration opportunities ,Khaleej Times
(MENAFN - Khaleej Times) Saeed mohammed al tayer managing director and chief executive officer of the dubai electricity and water authority (dewa) recently received a ge delegation to explore ...

Apr 23 2014UAE- Sale of Gate Towers penthouses launched ,Khaleej Times
(MENAFN - Khaleej Times) Aldar properties has launched the sale of 21 exclusive duplex penthouse apartments at gate towers the penthouse collection in shams abu dhabi on al reem island. one of ...

Apr 23 2014Kuwait- Five individuals tested negative for Coronavirus ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Health Authority of Abu Dhabi (HAAD) announced here on Tuesday that five more of the individuals who were in isolation in hospital with MERS Coronavirus ...

Apr 23 2014Jordan complains to UNSC about Israeli "alarming" developments in Al-Aqsa compound ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Jordan on Tuesday complained to the Security Council about the unhindered incursions into the Haram Al-Sharif compound by Israeli settlers and extremists, under ...

Apr 23 2014Over 86 pct of Syrian chemical weapons removed from country ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) The Director General of the Organization for the Prohibition of Chemical Weapons (OPCW), Ahmet Uzumcu, Tuesday welcomed delivery of a further consignment of ...

Apr 23 2014Arab League: Syrian Presidential elections contradict with Geneva I communique ,Kuwait News Agency (KUNA)
(MENAFN - Kuwait News Agency (KUNA)) Arab League Secretary General Nabil Al-Araby said Tuesday Damascus' decision to hold presidential elections on June 3 was a "contradiction of the Geneva I ...

Apr 23 2014Al Ittihad wary of Al Ain ,Khaleej Times
(MENAFN - Khaleej Times) Teams eye group c lead to take advantage of playing at home in knockouts al ain players celebrate their victory against tractorsazi tabriz (iran) in the afc champions ...

more...


 






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help