Tuesday, October 10, 2006

Emerging markets affect Middle East airlines

The emerging markets of India and China will have a crucial effect on the growth of Middle East airlines, according to the Arab Air Carriers Organisation (AACO).
Speaking at the 4th Annual MENA Air Finance Conference, Abdul Wahab Teffaha, the organisation’s general secretary, said Arab airlines would play an influential role on routes connecting India to the Middle East, Europe and US.
“The Indian market is set to open in 2007, bringing more competition and capacity in the industry,” said Teffaha. “The growth will represent an expansion of the Indian middle classes and increasing numbers of travellers in the region.The evidence is ongoing.”
China has also emerged as a growing market, according to Teffaha, although aviation companies serving the country may experience some barriers.
10/10/06 Barbara Cockburn/ITP.net, United Arab Emirates
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