Japan crisis dampens its aviation market
Posted: Mon 21 Mar, 2011 5:36 PM
The crisis that Japan is currently facing has caused a major blow to the country s US$62.5-billion aviation market, which makes up for 10% of global airline industry revenues.
According to a report in Carnoc.com, a number of international carriers in the Middle East, United States, and Europe are diverting their flights to safer airports, as concerns over fuel shortages, damage to airport infrastructure as well as the threat of seismic aftershocks, power outages and nuclear radiation become more and more alarming.
Amidst all these concerns, Japan tries to ease fears among airlines. The Land Ministry has begun assuring overseas airlines and foreign embassies that Tokyo-area airports remain safe for passengers. The International Civil Aviation Organisation (ICAO) has announced last Friday that Japanese airports are now safe and are ready for regular operations.
