Asian airlines expect turbulence in 2008

The Association of Asia Pacific Airlines (AAPA) members reported a "very successful 2007", ensuring they are "well placed" to meet both the opportunities and challenges which lie ahead. AAPA Director General, Andrew Herdman, stated the group is still recording "steady growth" in both passenger and cargo demand. But he added, "there is a growing sense of unease about the likely impact of slowing global economic growth, coupled with cripplingly high oil prices".