As carriers from American Airlines to Thai Airway International are responding to a new era of high oil prices by shedding jobs, culling routes and grounding aircraft, Middle Eastern carriers are expanding as fast as they can in hopes of redefining their region as the aviation crossroads of the globe. "There is no sign of a crisis there," said Thomas Enders, the chief executive of Airbus, during an interview shortly before handing over the jet to the sheik. "These airlines are on a very impressive growth path and expansion course; they are steering a steady course while others are experiencing more difficulties."
"There is no sign of a crisis there," said Thomas Enders, the chief executive of Airbus, during an interview shortly before handing over the jet to the sheik. "These airlines are on a very impressive growth path and expansion course; they are steering a steady course while others are experiencing more difficulties."
This IHT article focuses on the Gulf region, but I am more impressed by the growth rates for Europe in the attached graph... In the long run, we're all dead. John Maynard Keynes
The fuel prices have risen over 40% within the last six months. Aviation experts express an opinion that Russia will face mass bankruptcy of air carriers, if the fuel prices rise 20%.
Air flight, for example.
