Go Finance Reporting in PARIS - The airline industry in the Asia-Pacific region is projected to grow significantly in coming years. While the air transport industry in Europe is likely to stagnate.
"Europe is the biggest problem for this aviation sector,"explained the President of the International Air Transport Association (IATA) Giovanni Bisignani told the newspaper La Tribune as quoted by AFP.
Bisignani blamed European governments are becoming more interested in increasing taxes from this industry than in supporting the growth and provide infrastructure. In addition, he also mentioned the rising cost of fuel is a disaster for this industry.
"The center of gravity shifts to Asia air transport for economic growth. In addition, European governments step is careful to take steps to develop this sector is also the cause. When I saw the situation in Europe, I am pessimistic," he explained.
"But I am very optimistic when I look at trends in the Asia-Pacific region, and state involvement in creating favorable conditions to help the growth of air traffic," he said.
Bisignani said the air transport industry in Europe has been affected by weak economic growth in European regions. Also the fact of air transportation is not prioritized by governments of European countries. (GoFinance)
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