Australia’s Bureau of Infrastructure, Transport and Regional Economics (BITRE) reported (13-Jan-2010) in its Domestic Air Fare Index that the ‘Best Discount Fare’ Index (Jul-03 =100) for domestic travel fell to the lowest level in at least two decades in Jan-2010, at 53.9, compared to 57.2 in Jan-2009 and 83.5 in Dec-2009. ‘Restricted Economy’ fares in Jan-2010 were also lower year-on-year, at 95.9 (compared to 97.2 in Jan-2009), although ‘Full Economy’ fares were up, 91.0 (compared to 86.3 in Jan-2009). ‘Business’ fares remained down on a year-on-year basis, at 95.9 compared to 104.1 in Jan-2009. Business, Full Economy and Restricted Economy Fare levels have remained around the same levels over the past six months, while Best Discount Fares have varied slightly. [more]
Australian 'Best Discount' domestic fares reach lowest level in at least two decades
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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.
Sydney to host CAPA Australia Pacific Aviation Summit in 2017
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NSW Minister for Trade, Tourism and Major Events Stuart Ayres said the two-day Summit will provide a forum for strategic discussions on aviation issues across Australia and the Pacific region and showcase Sydney to the world.