06 Jun '11, 3am

(CNA|sg|biz) DPM Tharman urges aviation sector to remove measures that impede fair competition

SINGAPORE: Singapore's Deputy Prime Minister Tharman Shanmugaratnam said the aviation sector's adaptability to challenges will be under more frequent and more severe test. Speaking at the International Air Transport Association (IATA) 67th Annual General Meeting and World Air Transport Summit in Singapore, he said there's no lack of challenges facing the industry; among them pandemics, natural disasters, political upheavals and sharp economic cycles. Climate change also looms as a longer term challenge. Mr Tharman said there are also supply side tests - such as volatile and escalating fuel prices, competition for human capital, the challenge of ensuring stable labour-management relations, as well as questions over the ability of airport and air navigation infrastructures to keep pace with the projected growth in air traffic. He said the most important strategic response of...

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

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