Extracts from Giovanni Bisignani’s State of the Industry speeches, 2003-11

2003 59th AGM, Washington D.C

Summary: A new, balanced approach to aviation; building a framework relevant to the reality of the day and ready for tomorrow’s challenges; modernizing the three pillars of stagnation—bilateral agreements, ownership and competition.


The three pillars of stagnation. Source: IATA.

Crisis is the only way to describe the state of our industry today. IATA members lost $3.8 billion on their international services in 2002. That makes over $14 billion dollars in two years. And when we include domestic losses, globally the industry lost ...

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