13 Feb '12, 10am

Greater transport liberalisation urged

Greater transport liberalisation urged

SINGAPORE: Singapore's Minister for Transport Lui Tuck Yew has called for greater air transport liberalisation. Mr Lui said this at the Aviation Leadership Summit held on the sidelines of the Singapore Airshow 2012. The global aviation industry has felt the turbulence with a financial crisis, spike in fuel prices, and several natural disasters. Singapore Airlines CEO Goh Choon Phong said: "Last year was a tough time for freight. We lost quite a bit of money. Demand into the US and into Europe has collapsed quite a bit. "We would expect that the first half year this year, freight would be under pressure and we hope that with new products coming in, there would be some upside from June or July onwards. "Passenger-wise, for this part of the world, Asia-Pac, the demand is still quite strong." Association of Asia Pacific Airlines director-general Andrew Herdman said: "It's subj...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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