Airline bosses worried over high oil prices, eurozone crisis

Beijing: High oil prices and the unresolved European debt crisis hitting the financial bottomline of the global aviation industry would be the major focus of debate at the World Air Transport Summit beginning here tomorrow.
The mega event, being organised by the International Air Transport Association (IATA) on its 68th IATA Annual General Meeting, has brought together some 650 leaders of the global aviation industry, including airlines, aircraft makers and other service providers, for two days of intense discussions on the industry's most important issues.
"Oil prices are high, although moderating somewhat from recent peaks. The European sovereign debt crisis is unresolved and we are seeing signs that it is starting to affect Asia's export-driven economies," Tony Tyler, IATA's Director General and CEO, said ahead of the AGM here.
10/06/12 PTI/Business Standard

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Categories: Indian Aviation- In General Jun 2012