Asia Pacific carriers will be in focus in 2012
New deals forged but challenges remain, says AAPA
November 8, 2012
56th Assembly of Presidents AAPA Andrew Herdman Asian carriers Association of Asia Pacific Airlines challenges deals freighter fleets global air transport industry high fuel prices pivotal year weak cargo market
On the eve of the two-day Association of Asia Pacific Airlines (AAPA) 56th Assembly of Presidents in Kuala Lumpur, AAPA director general Andrew Herdman has pointed out that 2012 will prove to be a pivotal year for the global air transport industry. A number of enterprising carriers from the Asia Pacific region have forged deals “that would have been unimaginable even a year ago”. Even so, the aviation industry continued to face immediate challenges, including a weak cargo market, and high fuel prices. He mentioned that since Asian carriers operated large freighter fleets and accounted for approximately 40 per cent of global air cargo traffic, the carriers have been particularly hit by the current cargo market weakness.