26-Oct-2011 11:10 AM

Airline sector better placed to handle near term risks & protect magins in long-term: BOC Aviation

BOC Aviation head of strategy and market research Peter Negline, in an IATA analysis viewpoint discussion, stated (25-Oct-2011) the "world economy stands amidst a great uncertainty caused by the broad lack of confidence and trust in governments of developed countries". Mr Negline noted there are a number of challenges facing the industry, which will grow in importance over the coming two years. He noted the growing appetite for fuel efficient aircraft, expectations of US dollar weakness along with some other issues has led commercial aircraft orders and deliveries to rise to a new peak, although "financing may prove to be a challenge". More positively he noted there are "signs that the airline sector is better placed to handle near term financial risks and to protect profit margins over the longer term, although much rests in the hands of politicians". [more - original PR]

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