|Friday, June 29, 2012, 14:00 Hrs [IST]|
Asia Pacific continues to be hot spot for airline growth: Abacus International
Airlines continue to look at Asia Pacific for growth amidst global economic uncertainty as the region's economies continue expansion in the global airline industry, Abacus International has said in its report released earlier this week. Carriers based in the Asia Pacific region will make profits of USD 2.1 billion in 2012, according to forecasts from the International Air Transport Association (IATA). The Abacus International report said that this accounts for 60 per cent of the total profits predicted for the global airline industry, making Asia Pacific a key region for aviation growth.
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