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IATA Opens Expanded MENA Office in Amman

Travel News Asia Latest Travel News Podcasts Videos Thursday, 28 July 2011

This week, IATA celebrated 20 years of its presence in Jordan with the inauguration of an expanded Middle East and North Africa (MENA) Regional Office in Amman.

Tony Tyler, IATAs 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
An audience with His Majesty King Abdullah II
A dialogue with Transport Minister Muhannad Qudah on e-freight, environment, user charges and cooperation with IATA; and
A meeting with Royal Jordanian (RJ) Chairman Nasser Lozi and RJ CEO Hussein Dabbas

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 governments progressive policies. 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, said Tyler.

MENA is one of the worlds fastest growing aviation markets. In a decade, Middle East traffic grew from 5% of the global total to 11%. The regional office serves IATAs 27 MENA-based members as well as governments and industry stakeholders.

The MENA offices remit has recently been expanded to support back office management for IATAs financial systems for the whole African continent. In total, the MENA office processes over $18 billion in annual settlements for 62 countries.

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 $4 billionnearly 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. 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, he said.

See recent travel news from: Travel News Asia, IATA, Amman, Jordan, Office

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