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Asia's airlines are not likely to follow their European and US peers into a period of consolidation just yet as air travel is still growing strongly, the head of Singapore Airlines said.
"It might take a while more in Asia (to see consolidation), in part because we are still seeing significant traffic growth in this part of the world, unlike the case of Europe and the United States where carriers at that point were under a lot of pressure," Singapore Airlines CEO Goh Choon Phong told an aviation conference coinciding with the Singapore air show, reported Reuters.
Meanwhile, Goh thinks that the European system of charging global airlines for emissions isn't equitable, though the island nation's flag carrier will comply with the law, reported Dow Jones Newswires.
"We will comply (with the Emissions Trading System, or ETS) but we don't think it is an equitable measure," Goh said.
He said it was unfair to charge an airline flying long distance into Europe for the entire journey made by the airplane. Under the system, an airline that makes its passengers fly with a halt somewhere close to Europe will pay less than an airline that flies non-stop, even though the former would have used more fuel, he said.
"We are objecting to the principle of how it is applied," Goh said.
Cargonews Asia
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