June 8, 2009

Aviation Industry Lost 9 Billion U.S. Dollar

IATA (The International Air Transport Association) revised the projection of the world aviation industry losses in 2009 from 4.7 billion U.S. dollars to be 9 billion U.S. dollars. IATA also revised the loss of the world flight in 2008 from 8.5 billion U.S. dollars to be 10.4 billion dollars U.S., said IATA Director General Giovanni Bisignani in Kuala Lumpur. He explained the projected revision of the world aviation industry losses at the IATA annual meeting to-65 in Kuala Lumpur, 7-9 June 2008 that was attended by 500 world leaders airline. There are no events that are salient cause the world economy is now listless, but aviation industry experienced severe shocks. Compared with the September 11 events when the business aviation industry fell to seven percent. Need three years for recovery.
However, at this time, the flight of the world face up to 15 percent decline. Loss of income 80 billion U.S. dollars in the midst of global economic crisis. The future of flight from the world is highly dependent cooperation between the aviation

industry partners, government and aviation industry itself. PM Malaysia Najib Tun Razak says Malaysia government has provided the stimulus to the world their country flight. Namely to give 50 percent discount to the cost of landing at KLIA for two years beginning April 2009. Airlines will benefit about 200 million Ringgit (Rp 570 billion). Giovanni says economic recession at this time the bad impact of aviation industry. IATA had to revise earnings projections of 15 percent from 528 billion U.S. dollars in the year 2008 to be 448 billion dollars in 2009.


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