Midex to double sales in 2009, says key executive
Airfreight firms working in the UAE are still maintaining strong levels of growth, and the international air cargo industry will be among the first sectors to revive when the world economy takes a turn for the better. That’s the assessment of Midex Airlines director general Jassim Al Bastaki, who has also predicted a rosy 2009 for his company.
Midex remains committed to its development plan, which will see the carrier running regular flights to six new mainline destinations this year: Mumbai, Madras, Beirut, Damascus, Karachi, Paris, Frankfurt and Bratislava.
Al Bastaki added that Midex would continue to expand its fleet, develop its aircraft maintenance facilities at Al Ain International Airport and focus on its strategy to provide ever stronger connectivity between key markets in Asia and Europe. The senior executive also indicated that he expected to sales double during the course of 2009.
One of the factors that has contributed to strong growth in the UAE, according to Al Bastaki, has been the Civil Aviation Authority’s decision to suspend companies with poor safety records.
"Suspending the flights of operators with poor safety records led to partition of their freight among the national companies. This in turn contributed to the relative stability of those larger companies’ growth patterns in spite the severe effects of the crisis in the global airfreight sector, which has caused such deterioration in trade activities," explained Al Bastaki.