IATA expands Middle East regional office
The International Air Transport Association (IATA) celebrated 20 years of its presence in Jordan this week with the inauguration of an expanded Middle East and North Africa (MENA) Regional Office in Amman.
Tony Tyler, IATA’s director general and CEO, and Giovanni Bisignani, IATA director general emeritus were in Amman for the celebrations, which were marked by an office inauguration by HRH Prince Faisal Bin Al Hussein.
A meeting with Royal Jordanian chairman Nasser Lozi and CEO Hussein Dabbas was also held.
“IATA is proud to call Jordan its home in MENA. His Majesty King Abdullah has a clear vision, in which aviation plays a key role, to make life better for all Jordanians. This is being achieved with a world-class national carrier like Royal Jordanian and the government’s progressive policies,” said Tyler.
“As we inaugurate our new and expanded MENA regional office in Amman, we are looking to the future. IATA is strongly committed to Jordan as the base for our important work across the region,” he added.
MENA is one of the world’s fastest growing aviation markets. In a decade, Middle East traffic grew from 5% of the global total to 11%. However, Tyler noted that the region is facing some challenges.
“This year is shaping up to be another tough one for the global industry—including the MENA region. We expect global profits to fall to US$4 billion—nearly an 80% drop from 2010. In particular MENA is facing political developments that continue to change the face of the region and undoubtedly are impacting traffic,” he said.
“After a decade of double digit expansion, MENA growth has slowed to single digit figures this year. But I am optimistic about the future. Solid economic growth, a strategic location and rapidly expanding modern infrastructure will continue to develop a leadership role for MENA in global aviation. IATA is here to support that positive development."