Arab Air Carriers Organisations (AACO) Secretary-General Abdul Wahab Teffaha, on the sidelines of the IATA AGM, stated a strong recovery is expected for the region's carriers despite the geo-political unrest in the region which has affected traffic growth in the past few months (Gulf News, 08-Jun-2011). "The unrest affected primarily the traffic to and from the countries where the unrest is. However, the medium and long-term outlook for the Middle East's air transport market remains quite healthy," he said. He added that most Arab airlines have a "very strong cushion" of having a global reach, "which has been a lot more stable". IATA Director General and CEO Giovanni Bisignani similarly stated that "the speed of the recovery in the Middle East is much faster. Once the political situation improves, the region's carriers will see passengers returning quite quickly".
Arab Air Carriers Organisations expects strong recovery for region's airlines
You may also be interested in the following articles...
Iran CAPA Aviation Summit – hope turns to frustration, but optimism remains as growth abounds
When CAPA – Centre for Aviation held its first conference in Iran at the end of Jan-2016 the atmosphere was primarily one of optimism. Immediately preceding the conference the expectation was that Iran and the West would move to rapidly reverse decades of estrangement. The first round of sanctions against Iran had come down – in line with the historic 2015 Joint Comprehensive Plan of Action (JCPOA) nuclear agreement reached between Iran and the ‘5+1’ powers – and major airlines and aircraft manufacturers were coming to the table.
While it was acknowledged that progress on major deals was not going to happen overnight, the hope was that as layers of sanctions came down, Iran would be embraced by the rest of the world. In return, Iran was expected to open itself up progressively to foreign trade and investment, and to travel.
The road ahead was perceived to be one that was both a very different, and far easier, one than the one Iran had already travelled. Aviation in particular was a sector that was expected to shine and lead the way for a new era for the country.
LCCs in Latin America: Peru’s rise as an economic star could draw attention from potential operators
As Latin America attempts to climb out of a two year long recession, Peru has emerged as a bright spot in the region – based on air passenger growth and the country’s economic performance. For the seven months ending Jul-2016 Peru recorded 9% passenger growth to 11.2 million, driven by growth of 10.2% in the country’s domestic market.
Peru’s air passenger growth continues to remain promising, as the country’s largest airline – LATAM Airlines Peru – calculates that the country’s trips per capita are slightly below the still-emerging markets of Mexico, Colombia and Brazil, whose passenger growth potential should remain robust once the country’s economy begins to fully recover.
Periodically speculation arises over the potential opportunity for a low cost airline to break into Peru’s market. The country’s growth prospects certainly warrant examination of stimulative opportunities in Peru, but so far the country lacks a true low cost airline.