For Middle East carriers and airports oil price hikes spell economies on the move
Income from rising fuel prices is driving increased airline travel in the Middle East as the region prospers from operating costs that are lower than the industry norm. The result is growth for government-owned airlines, support for continued expansion of airports and an opening for satellite businesses in the $500-million annual catering and duty free industries. Spurred by a 25% increase in intra-regional travel in the first eight months of 2004, the region is seeing a rise in ...
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