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  • 22-09-22

    IATA head: Mideast aviation sector regaining quicker than global markets

    (MENAFN) The Middle East aviation market is regaining from the extraordinary effect of the COVID-19 catastrophe at a quick pace, and is even above other aviation markets internationally, as stated by Director General of the International Air Transport Association (IATA) Willie Walsh.

    Informing The Peninsula on the offshoots of the 8th IATA World Financial Symposium which started in the capital of Qatar yesterday, Walsh stated that the worldwide aviation sector could anticipate a complete regain by 2023.

    Walsh also stated that “The Middle East market is ahead of the rest. Some markets in the Middle East and North Americas, they are 10 percent larger now than they were in 2019. So the Middle East market is recovering at a fast rate, and I think that reflects the ambition here. The one area that is restricting the recovery in the Middle East is Asia, because of ongoing restrictions there. But the industry is returning to a more stable position than it had been.”

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