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Electricity pricing: monopoly control law needed   2008-10-07 - Tien phong

The International Air Transport Association (IATA) plans to open its first representative office in Vietnam this month, IATA General Director and CEO Giovani Bisignani said during a country visit this week.



The Ho Chi Minh City-based office will support all airlines operating in the country with payment services and training information updates, among other forms of assistance.

IATA’s top executive said Vietnam is among one of the ten fastest-growing air transport markets in the world, despite the recent slowdown in the world’s aviation industry.

International passenger demand growth sank to 1.3 percent in August, following a disappointing growth of 1.9 percent in July, IATA website said.

International freight traffic saw its third consecutive month of reduction, with a 2.7 percent decline following drops of 1.9 percent in July, and 0.8 percent in June.

Bisignani said the world’s aviation industry may incur losses of US$5.2 billion this year despite decreases in fuel prices.

Vietnam, however, remains a fertile market and, according to Bisignani, holds a key role in the Asia-Pacific region.

The CEO praised Vietnam’s success in implementing e-tickets by IATA’s deadline on June 1.

IATA represents about 230 world airlines comprising 93 percent of scheduled international air traffic.

Vietnam became a member of IATA in 2006 and received IATA’s Operational Safety Audit (IOSA) certificate the same year.

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