Centre of gravity in global aviation shifting East: IATA
IATA Director General and CEO Giovanni Bisignani stated the centre of gravity in the airline industry is shifting from the US and Europe to the Asia Pacific and Latin America after rapid growth in these markets.
IATA: "The world is changing in aviation, and it's changing very, very quickly. Rapidly developing markets are shifting the industry's centre of gravity to the East,” Giovanni Bisignani, Managing Director and CEO. Source: AP, 14-Dec-2010.