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Crowded skies for Asia-Pacific airlines: CAPA
SYDNEY, Jan 15 (WorldACD) - Airlines operating in the Asia-Pacific face one of the most competitive environments for many years as strong growth collides with a potential global economic slowdown, the Australian reported, citing a leading aviation think tank.
The Sydney-based Centre for Asia Pacific Aviation said yesterday that a surge in capacity being brought on by Asia-Pacific and Middle Eastern carriers would result in one of the busiest years of new airline activity in the region this decade.
It said the projected arrival of new aircraft in 2008 and the proliferation of new entrants would produce the most competitive airline conditions ever seen in the region.
"Several carriers are also preparing to establish offshore hubs through cross-border joint ventures, as well as through the utilisation of increasing rights available under more liberal air services agreements," the centre predicted in a wrap-up of regional airline activity. "Extra hubs are also planned by some carriers."
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