Middle East Aviation Sector Likely To Recover

Dr. Majdi Sabri talked about the Middle East aviation sector on the sidelines of the Air Traffic Control Middle East Conference. He said the region’s aviation sector lost $1 billion in 2008 while the industry globally sustained $17 billion losses globally due to the recession. He said in the Middle East losses will probably come down to $500 million, and $11 billion globally in 2009. Middle East losses will probably dip to $200 million in 2010 but losses globally will remain high.