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IATA seeks travel deregulation

The International Air Transport Association (IATA) plans to push next week for aggressive industry deregulation since governments and airports had not done enough to improve efficiency, its head said on Thursday.

IATA Director General Giovanni Bisignani said the group of 265 airlines would propose further deregulation at its annual meeting in Tokyo on Monday and Tuesday.

“We see too many inefficiencies … we, the customers, are not any more ready to pay for their inefficiencies,” he told a news conference.

World passenger traffic grew 8.7 percent in the first four months of 2005, but the growth has not translated into profitability due to skyrocketing fuel costs.

Over regulation, inefficiencies at airports and air-navigation service providers had marred efforts to cut costs, says IATA, which coordinates aviation rules and standards.

More: edition.cnn.com

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