13 Feb '12, 3pm

Business travel holding up well: airline CEOs: Indeed, the lucrative business travel market seems relatively una...

SINGAPORE : Business travel is holding up well, even amid the downturn in global trade. That is the view of airline CEOs Channel NewsAsia spoke to at the Aviation Leadership Summit. The aviation industry continues to be fraught with challenges - escalating fuel costs, a slower rate of growth in air passenger traffic and a shrinking cargo business. Andrew Herdman, director-general of the Association of Asia Pacific Airlines, said: "Cargo falling back from records set in 2010 is an indication that economies are slowing down, it is usually a negative indication. On the other hand, passenger numbers are still up and it reflects the fact that consumer confidence in Asia is still quite robust. " Indeed, the lucrative business travel market seems relatively unaffected. Leithen Francis, Asia editor of Aviation Weekly, said: "So far this year, business travel still seems to be reas...

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

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