Dagang Asia
Apparel & Fashion
Buildings & Constructions
Computer Hardware & Software
Electronics & Electrical
Food & Beverages
Furniture & Furnishings
Gifts & Crafts
Health & Medical
Home & Garden
Home Appliances
Industrial Supplies &
Office & School Supplies
Personal Care
Printing & Publishing
Rubber & Plastics
Security & Protection
Shoes & Accessories
Sports & Entertaiment
iconBusiness & Services
Advertising & Marketing
Building & Construction
Computer & IT Solutions
Education & Training
Financial & Investment
Food & Beverage
Furniture & Furnishing
Gift & Craft
Health & Beauty
Home Products
Leisure & Entertainment
Logistics Services
Professional Cleaning
Real Estate
Telecommunication Services
Tours & Hotel
Trading, Distributions
& Wholesales
Latest News
Asian Airlines Forging Ahead, Says MAS Chairman
News From : DagangHalal.com (12/14/2010)

KUALA LUMPUR, Dec 13 (Bernama) - Asian airlines, already the best in the world in terms of service levels, are forging ahead on the back of the continent's growth which would make the civil aviation industry a formidable part of the rise of Asia, Malaysia Airlines Chairman Tan Sri Munir Majid said today.

"For every one per cent of Gross Domestic Product (GDP) growth, you can expect 1.5 per cent of traffic growth.

"The Asian economy is expected to grow 7 per cent this year while growth is expected to be anaemic in America and Europe," he said in the statement today.

Dr Munir also pointed out Asia was starting out from a low base.

"With 10 times the US population size, if Asia was seen as a domestic market its passenger size was only 1.2 times that of the US.

"In terms of international level, while twice the 79 million of the US, this was still behind Europe's 3.8 times," he said.

Overall, only 10 per cent of Asia's population travel "domestically" (US:91 per cent; Europe:21 per cent) while international travel is limited to 4 per cent of the population (US 22 per cent and Europe 41 per cent), he said.

Dr Munir also said Asia has a high propensity to spend and quoted figures from Airbus indicating that real consumer spending growth for the period 2009-2014 was close to and over eight per cent against projected GDP growth of eight and 10 per cent, respectively.

On the number of seats per annum basis, he said nine of the top 20 airports in the world were located in Asia.

"China alone has 158 airports and plans to build 86 more," he added.


Back to Listing
Latest Merchant

Featured Advertisements