Supply Chain

GLOBAL SCENARIO At the macro- economic level Asia Pacific growth is impressive. India and mainland China are growing between 8 and 10% all(prenominal) year. China is now the humannesss 4th largest economy. Excluding Japan, Asian economic growth was 7%â€"doubles the world average of 3.5%. globose airline commerce is expected to rise steadily until 2008 in line with an anticipated good performance by the world economy, according to the United Nations(UN) aviation agency. The UN International Civil air Organization found in its medium-term forecast that airline traffic would grow 6.1 per cent in 2006, 5.8 per cent in 2007, and 5.6 per cent in 2008. And strong economic growth will continue. yet growth means nothing if the bottom line is red. globally airlines lost US$6 billion in 2005. US carriers lost US$10 billion. European carriers made about US$1.3 billion. Asian carriers led profitability with US$1.5 billion. charge within Asia it is a mixed picture. Some carriers are among the just about profitable. Others however are struggling. In the region operating margins averaged s blowsy than 2%, still the best performance in the world. close are below the 7 to 8% needed to sweep up the bell of capital and give investors an acceptable return. The Indian strain Industry Air India was set up by J.R.D.

Tata, who ran it successfully until it was nationalized in 1953. In the 1960s the Maharaja, as the national flag-carrier was affectionately known, was flying to 32 destinations (it now flies to 46 destinations) and fashioning profits. For many years in India air travel was perceived to be an elitist activity. This view arose from the Maharajah syndrome where, due to the prohibitive cost of air travel, the only people who could afford it were the rich and powerful. In recent years, however, this image of Civil Aviation has undergone a exchange and aviation is now viewed in a different light - as an essential link not only for world-wide travel and trade but also for providing connectivity to... If you want to shorten a full essay, order it on our website: Ordercustompaper.com

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