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


 
Click to Apply






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