|01-08-2015, 03:54 PM||#1|
Cargo volume growth continue on expanding in the Middle East
Volume growth continue on expanding efficiently and profitably in the Middle East as the region carriers reported a 12.9 per jump demand in November while that capacity climbed by 17.1% according to the International Air Transport Association (IATA).
Not forgetting that also the strongest cargo volume growth was recorded by the Middle East region this past month of September according to the IATA.
The Middle East airlines alone contributed to a 38% incline in demand in the 12 months to November and around 64% increase in the global freight capacity within the same period.
“It was clear in November that most of that growth is being captured by carriers in the dynamic and relatively business-friendly Asia-Pacific and Middle East regions," said Tony Tyler, IATA’s director general and chief executive.
The region major airlines; Emirates, Etihad and Qatar Airways, managed in a short period to expand geographically in Europe and across the world, becoming the top influential carriers and examples of success from buying stakes, expanding flights and routes, sponsoring world events.
According to McNerney, Chairman and CEO of the Boeing Company, the UAE business models “have essentially become the Hong Kong of this century”.
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