04-Aug-2008 11:56 AM
Not even the Middle East immune to airline troubles
Analysis
The headwinds that have buffeted North American airlines are quickly spreading to Europe and Asia, and it would appear even the high flying Middle East carriers are not immune. United Airlines CEO, Glenn Tilton, stated, "there's going to be a recasting of the industry, and it's now stretched offshore". He added, "you're going to see a recalibration of the industry, and it's going to have an effect on [aircraft] order books".
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