2009 Asian Airline Industry Outlook

By Son Nguyen 

The Centre for Asia Pacific Aviation has released its Outlook Report, “2009 - A Year of Great Opportunities. Don't waste it!” This report has been published to take account of the most volatile economic conditions in modern history over the early months of 2009.

"Crisis is part of the airline industry's genetic profile. And still it survives, more or less intact. But today, the industry is at a crucial turning point in its history. Never before has it been confronted by the current confluence of events", stated Peter Harbison, Executive Chairman of the Centre for Asia Pacific Aviation.

The report notes that when the economy recovers, the leading growth regions will be the Middle East and Asia. This means opportunities for existing regional airlines to expand, as well as multinational carriers to capture this growth market.

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