26-Oct-2009 11:08 AM

Worst is over for airlines: IATA

IATA Director General & CEO, Giovanni Bisignani, stated that the situation for the commercial aviation industry is improving, but recovery to pre-crisis levels could take up to four years (Economic Times, 23-Oct-2009).

IATA: "The worst is over, but the industry has to go a long way for a complete recovery.  It will take three-four years for the sector to reach the level it was at before the crisis hit the industry," Giovanni Bisignani, Director General & CEO. Source: Economic Times, 23-Oct-2009.