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HIGHLIGHTS DURING 1997 ... Growth in the world economy The world's Gross Domestic Product GDP grew by an held up .. . estimated 3.3 per cent in real terms. On a regional basis the change in GDP ranged from an estimated increase of some 5.2 per cent for Latin America and the Caribbean to about 2.5 per cent for Europe, with that in Asia/Pacific following to just below the world average see Chapter 1. ... and airline traffic growth was Overall scheduled passengerlfi-eight/mail tonne- sustained .. . kilometres performed were up by 8 per cent and international tonne-kilometres by 9 per cent. There were significant differences in the traffic growth between regions, ranging from increases in total traffic of about 4 per cent for carriers based in the Middle East to some 12 per cent for those in Latin America and the Caribbean Chapter 2. Airline operating profits improved ... Preliminary estimates indicate that the world's scheduled airlines as a whole experienced an improved operating profit - 5.5 per cent of operating revenues compared with 4.4 per cent in 1996 - for the fifth year in succession Chapter 2. ... and aircraft orders were up ... The number of turbo-jet aircraft ordered was 1 309 compared to 1 003 in 1996. The financial commitment for orders placed for these aircraft is estimated to be about U.S.78 billion, compared with some U.S.65 billion estimated for 1996 Chapter 2. Liberalization was fostered The number of bilateral agreements and memoranda of through bilateral agreements ... understanding concluded between States was slightly down when compared with 1996, but about a quarter of these agreements provided for full-market access Chapter 2.
Privatization of airlines Privatization aims were achieved during the year for continued, ... five carriers compared with only two in 1996. New privatization objectives were made known for four carriers in addition to 20 other government-owned carriers targeted for privatization in previous years Chapter 2, ... as did airline alliances, ... Airlines continued to expand transnational alliances, including codesharing, joint services, and joint participation in frequent-flyer programmes Chapter 2. ... and more autonomy was given During the year there was further evolution in several to infrastructure providers ... regions of autonomous entities to operate airports or provide air navigation services, with greater emphasis being placed on active private participation Chapter 3. Airport construction continued ... Asia led the way in the number of new airports under construction and major expansion projects were under way in all regions Chapter 3. Implementation of a satellite- As a result of the implementation of a global satellite- based navigation system yields based Communications, Navigation and Surveil- early benefits, ... 1anceIAir Traffic Management CNSIATM system, new air routes were opened over the airspaces of China, the Russian Federation and other parts of Asia Chapter 3. ... while existing air navigation Air traffic control systems around the world continued facilities and services continued to be updated as part of the evolution process to a global to be enhanced ... ATM system. Meteorological services were also enhanced. In addition to the use of automated weather stations, computer-generated weather forecasts and nine volcanic ash advisory centres, 1997 saw the implementation of six tropical cyclone advisory centres for civil aviation Chapter 3. Safety remained a top priority ... Preliminary information on aircraft accidents involving passenger fatalities in scheduled air services shows that there were 26 fatal aircrafZ accidents involving 916 passenger fatalities in 1997 compared to 23 fatal accidents and 1 135 passenger fatalities in 1996. The