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Johannesburg - Airline Mango expects domestic air travel to grow by the third quarter of 2010 as the aviation industry sees hints of a recovery, the company said on Tuesday.
At the same time, the company will remain cautious and adopt a
prudent approach to the current environment in which sales are
recovering from the drops of 2007 and 2008.
Chief executive officer Nico Bezuidenhout said in a statement
global forecasts remained bleak, but the increased international
trend of investing in emerging markets may hold positive spin-offs for South Africa and its aviation industry.
"The increasing importance of emerging markets on the global
stage is highlighted with the economic successes of Brazil, Russia, India and China. Emerging markets have unleashed a massive growth surge in the world economy."
Regional and domestic aviation stood to benefit substantially
from this, he said. Consumers were looking for value and this
conservative approach would remain for many years.
He expected low-cost airlines to increase market share to well
over 60% to 70% in the next decade.
Presently, Mango is preparing for next year's World Cup and
seeking new growth opportunities beyond 2010.
- Sapa