Tuesday, June 9, 2009

Bisignani's 2009 State of the Air Transport Industry Address

The International Air Transport Association has posted its Director General and CEO Giovanni Bisignani's 2009 "State of the Air Transport Industry" address online.  The address, which was delivered at IATA's Annual General Meeting and World Air Transport Summit in Kuala Lumpar, Malaysia, will not surprise many who have followed the industry's turmoils over the last two years: the abatement of 2008's skyrocketing fuel costs came at the price of a worldwide economic downturn; a new thrust of skepticism toward globalization has resulted in protectionist proposals; government intractability on eliminating foreign investment restrictions for airlines; and rising taxes for aviation.  Admittedly, after reading Bisignani's speech, one might wonder whether it is still IATA's mission to "represent, lead and serve the airline industry" or if it hasn't changed to being the industry's prophet of doom.


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