30-Jun-2008 9:41 AM
Global aviation's future 'bleak' without reforms - Malaysia Airlines CEO
Analysis
Kuala Lumpur (Thomson Financial) - The future for global aviation is "really bleak" unless the industry takes drastic measures including mergers and substantial fare increases, Malaysia Airlines said Friday. The national carrier's managing director and CEO Idris Jala said that with oil prices at unprecedented levels, more airlines would be forced out of business and the majority would sink into the red.
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