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Latest News
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Tuesday, 22 March 2011
As business travel to Japan tumbles by as much as 80 per cent, the International Air Transport Association (IATA) says it is too early to assess the long-term impact of the Japanese earthquake/tsunami and nuclear crises, but because the US$62.5 billion Japan market represents 6.5 per cent of scheduled worldwide traffic and 10 per cent of industry revenues, "the
fortunes of the industry will likely not improve until the effect of a reconstruction rebound is felt in the second half of the 2011 year".
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