IATA chief: Asia needs to shape aviation industry

IATA chief: Asia needs to shape aviation industry The International Air Transport Association this week urged Asia to take a greater leadership role in shaping the global aviation industry.
   'Asia is a big part of the aviation world,' said Giovanni Bisignani, IATA's director general and chief executive officer. 'By 2010, intra-Asia traffic will be the largest market in the world, accounting for one-third of the world's traffic. Critical mass comes with leadership responsibilities.'
   Speaking at the Asia Pacific Aviation Media Association's aviation lecture in Singapore, Bisignani identified three opportunities for Asian leadership in the aviation industry: technology, policy and the environment. He also announced the revised industry profit forecast to $3.8 billion for 2007.