Discount carriers in the oil-rich Middle East? Hard to believe, but they're on their way.
Airline industry officials warn that pricing pressure from low-cost carriers in Europe and the U.S. could spread to the Middle East, despite the strong position of flag carriers and the relative dearth of regional and no-frills competitors. "Here in the Middle East, you probably don't feel this kind of pressure yet," International Air Transport Assn. Director General and CEO Giovanni Bisignani told an air transport meeting in Muscat recently. "However, it would be unwise to say: 'It ...
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