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Aviation faces a new normal of high energy costs ACI

2-Jul-2008

Airports Council International Director General, Angela Gittens, stated this week that the aviation industry is looking at a ‘new normal’ as energy costs are likely to remain high. The International Energy Agency, which advised oil consuming nations on the state of the oil market, noted yesterday that a reduction in OPEC spare capacity and delays to production projects will keep the oil market “tight”. This is despite a 3% cut in forecast global demand for its 2009-2012 outlook. [330 words]

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