March 14- The aviation industry body IATA cut its net loss forecast for Middle East carriers to $400 million (Dh1.46bn) a substantial reduction from its initial forecast in 2009 of a $1.5 billion loss. Giovanni Bisignani said demand is causing recovery in the region but low yields on hub traffic will limit profitability.
Bisignani, who is IATA’s director-general and chief executive, explained in a teleconference yesterday, that “We can clearly see from the numbers that the industry situation is improving.” He said the improvement is driven by a recovery in demand as evidenced by year-end gains that have continued into the first months of 2010. Globally, passenger demand has increased 6.4 percent and cargo growth increased 28.3 percent in 2009. However, IATA said demand is still 2-3 percent lower than before the international economic crisis. Bisignani projects Middle East carriers demand will grow 15.2 percent in 2010.
This building was originally a palace until it was converted into a museum in the 1880s. It is a treasure house of Thai art and archaeology. The Red House initially home to the sister of King Rama I is a must see in addition to the Phuttaisawan Chapel which reflects the magnificence of Buddhist temple architecture. The Old Transportation Room houses an interesting collection of ivory carvings, p...
Jackson Park was designed by legendary landscape architect Frederick Law Olmsted in 1871. It was the main site for the 1893 Columbian Exhibition, but little evidence remains as all the buildings have been demolished since. Jackson Park was originally supposed to be part of a grand South Park, encompassing both it and Washington Park, connected by a canal running through the Midway Plai...
This is a National Historic site; its military history dating to 1793. The Historic Fort York offers guided tours through soldiers and officers quarters and showcases muskets and other equipment. There are also drill and music demonstrations. The Kids Drill is very popular with children. Timings: Daily 10AM-4 PM Admission: C$ 6 [Adults] C$ 3 [C Address: 100 Garrison Rd Tel: 416/392-6...
A beautiful small lake located in the middle of the Tei neighborhood. The lake gets its name from the linden trees that surround it. The small place around the lake is very peaceful and is visited often by locals for evening strolls. ...