Message For the Day…” Source From which all Authority & Power Originate is ..God…Don’t Forget This…”

People create and develop in themselves an abounding variety of selfish habits and attitudes, causing great discontent for themselves. The impulse for all this comes from the greed for accumulating authority, domination, and power. Greed for things can never be eternal and full; it is just impossible for anyone to be satiated in fulfilling greed. Omnipotence belongs only to the Lord of all(Sarveswara). You may feel elated to become the master of all arts, owner of wealth, possessor of all knowledge, or repository of all the scriptures, but where did these come from? You may claim that you earned this through your own efforts, labour, and toil. But surely, it was given to you by someone some way or other. The source from which all authority and all power originate is the Lord of all. Ignoring that omnipotence, and deluding yourself that the little power you acquired is your own — is indeed is selfishness, conceit and pride(ahamkara).  

Sathya Sai Baba

 

An Impala and a Crocodile…Face to Face …!!!

It’s the type of encounter that can send panic through a herd, but this fearless impala refused to turn and run after a crocodile popped out of the water in front of it.

At one point the predator’s snout was just inches from the impala’s nose, but the bold gazelle didn’t back down as it casually sipped from a watering hole.

Tourist Graham Hewer snapped the jaw-dropping scene as he visited Kruger National Park

in South Africa.

Photographer Graham Hewer captured the jaw-dropping encounter during a visit to Kruger National Park in South Africa

Photographer Graham Hewer captured the jaw-dropping encounter during a visit to Kruger National Park in South Africa

The 29-year-old said the imapala simply walked away from the crocodile without giving it a second thought.

The crocodile was close enough to attack the impala, but its would-be prey remained calm and seemed oblivious to the fact that it was at death’s door.

Graham’s series of photos show a herd sipping from the lake as they keep a watchful eye on a group of much larger crocodiles nearby.

The bold impala survived the strange meeting, which photographer Graham Hewer puts down to the crocodile not feeling hungry

The bold impala survived the strange meeting, which photographer Graham Hewer puts down to the crocodile not feeling hungry.

His snaps then show the lone impala drinking from the watering hole, moments before its encounter with the crocodile.

The final photo shows the crocodile alone, with its razor-sharp teeth visible inside its gaping mouth.

Graham, a self-taught photographer from the South African capital of Pretoria, revealed he watched on in suspense, expecting the crocodile to kill the impala almost instantly.

After getting its fill from the lake the impala simply walked away from the crocodile without giving it a second thought

After getting its fill from the lake the impala simply walked away from the crocodile without giving it a second thought

But bizarrely it survived the strange meeting – which he puts down to the croc not feeling hungry.

He said: ‘I got the camera ready just in time as the impala made their way towards the water.

‘One got close to a crocodile laying in the shallow water so I was expecting a straight kill.

Graham Hewer's photos show a herd sipping from the lake as they keep a watchful eye on a group of large crocodiles

Graham Hewer’s photos show a herd sipping from the lake as they keep a watchful eye on a group of large crocodiles

‘But the impala and the crocodile just had a face-to-face meeting.

‘All the people who have seen this image are amazed to hear the impala survived this face-off.

’That’s what fascinates me about photographing animals – its unpredictable, you never know what they will do.’

SOURCE:::::::::www.dailymail.co.uk

Natarajan

” What a Little Daredevil…!!!…” Impressive Stunts with Little bit of Photoshop !!!

A Seattle baby can be seen running around the city, perching atop buildings and performing some impressive stunts in a clever photo series created by his doting father.

Seattle-based photographer Brandon Hill conceives and executes the images of his one-year-old son Maddex’s acrobatic adventures, with the help of a little Photoshop, as a part of his ongoing picture series Madd Stunts.

‘This series is all about him blending in with the city, having fun at local tourist spots, and doing stunts,’ Mr Hill told the Huffington Post of the pictures, which capture his adorable son flying behind a speeding moped and hanging from trees.

New skill: One-year-old Maddex can be seen walking across the length of his crib in this photo taken by his photographer father Brandon Hill as a part of his picture series Madd Stunts

New skill: One-year-old Maddex can be seen walking across the length of his crib in this photo taken by his photographer father Brandon Hill as a part of his picture series Madd Stunts.

Over the edge: With the help of a little Photoshop, Mr Hill made it look as though Maddex was perched on top of his play chair

Over the edge: With the help of a little Photoshop, Mr Hill made it look as though Maddex was perched on top of his play chair

The photographer explained that all of photos in the series were taken in Seattle, a city he said that he will always ‘cherish’ because it is where he and his wife had their son.

Maddex can be seen getting into precarious situations at Pike Market, Kerry Park and Seattle’s famous gum wall among other locations and neighborhoods across the city.

He has been photographed doing a handstand on the kitchen counter, tight-rope walking on the ledge of his crib and stuck to a wall littered with gum.

Mr Hill has been working on the project, which celebrated his son’s childhood, for several months.

Held up: Maddex blew a bubble as he hung from Seattle's famous gum wall 

Held up: Maddex blew a bubble as he hung from Seattle’s famous gum wal

Daredevil: The adorable baby was also photographed holding on to a speeding moped

Daredevil: The adorable baby was also photographed holding on to a speeding moped

When he first started, Maddex was unable to walk and had to be probbed up by Mr Hill’s assistant, who would later be edited out of the image.

Mr Hill told Feature Shoot that when Maddex became nine months old he started ‘sharing playful expressions while remaining quiet and still’ during the playful photoshoots.

And the pictures are so good that at least one person thinks that they are actual depictions of Maddex’s amazing feats.

After Mr Hill shared a photo of Maddex ‘balanced’ on top of his baby chair on his Instagram page, one concerned commenter wrote: ‘Is [that] baby really standing like that? Because that is idiot parenting.’

Sheer strength: Maddex used one hand to hang from a tree in the park 

Sheer strength: Maddex used one hand to hang from a tree in the park

Budding gymnast: Maddex used upper body strength to do a handstand on the kitchen counter

Budding gymnast: Maddex used upper body strength to do a handstand on the kitchen counter

Mr Hill jokingly replied: ‘Yep, cause he’s amazing.’

But the exchange didn’t stop there.

When the commenter noted that Maddex’s balancing act was ‘extremely dangerous’, Mr Hill let her in on his secret.

‘Photoshop: endangering children everywhere,’ he wrote.

Admiring the view: He happily hung out on the roof of Seattle's Public Market 

Admiring the view: He happily hung out on the roof of Seattle’s Public Market

Precious moment: Mr Hill cuddled up to his son for this adorable father-son photo 

Precious moment: Mr Hill cuddled up to his son for this adorable father-son photo

SOURCE::::: http://www.dailymail.co.uk

Natarajan

Secrets of the Success of Warren Buffett…He Does not Owe His Fortune to Magic !!!

If you’re interested in finance, trying to crack the secret of Warren Buffett’s success is as entertaining as it is maddening — an enticing Rubik’s cube for anyone looking to get rich.

Buffett’s success is so elusive — and so far, unreplicated — that it took a team of Yale academics to determine the Oracle of Omaha does not owe his $73 billion fortune to magic.

“Buffett’s returns appear to be neither luck nor magic,” found a 2013 research paper published on Yale’s website, which boiled down Buffett’s actual secret sauce to “reward for use of leverage combined with a focus on cheap, safe, quality stocks.” (Not-so-secret, really: Buffett admitted to this strategy more than 30 years ago.)

Still, if asked to explain the source of his “alpha,” Buffett is as divided as his devotees — at times shmaltzy (“I found what I love to do very early”), other times coy (“You can’t produce a baby in one month by getting nine women pregnant”) and more often than not, completely blunt: “‘Price is what you pay; value is what you get.’ Whether we’re talking about socks or stocks, I like buying quality merchandise when it is marked down.”

Warren Buffett

Berkshire Hathaway chairman Warren Buffett gestures at the start of a 5km race.

We interviewed some of America’s biggest money experts, and threw them a gauntlet: Tell us the secret to Warren Buffett’s success.

Here’s how they explained the Oracle’s track record.

1. His No. 1 focus is growing his wealth.

According to Brandon Turner, real estate investor and co-host of “BiggerPockets Podcast,” Buffett has a single-track mind — and that’s worked well for him.

“I think Warren Buffett succeeded because he focused 100% on growing wealth above all other things,” Turner said. “He made it a point to continue his education his entire life and stick to sound business principles.”

2. He invests in businesses that aren’t competitive.

“Warren Buffett identifies companies that generally don’t face an enormous amount of competition, and holds them for years — or forever,” said Clark Howard, a consumer expert and host of “The Clark Howard Show.” “His failures have tended to be in businesses that were too competitive.”

3. He doesn’t scare easy.

Andrew Horowitz, CFP, author and host of “The Disciplined Investor,” told us Buffett owes his wealth to one factor: “Time. He has a holding period that appears to be infinite so he does not get spooked by market moves. He also knows that the best time to buy is when everyone else is selling.”

4. He doesn’t let his ego get in the way.

Journalist Emma Johnson, host of “Like a Mother with Emma Johnson,” mentioned Buffett’s famous penchant for value investing — but said his real X-factor was his personality.

“As an investor, Buffett’s success is well-documented — he buys easy-to-understand companies with reasonable management and an intrinsic value. So easy, anyone can understand it,” Johnson said. “But Buffett’s success as a beloved public character is the real magic. We can attribute that to his humble persona: We love him for his habits that include banjo-playing, cheeseburger devotion, and that he has lived in the same, relatively modest house in not-so-glamorous Omaha for 55 years. That he is self-made and earned 99% of his wealth after age 50 inspires us to believe that success is possible for all of us, and his adherence to a modest life of family and charity are great lessons on wealth that apply to us all. He’s both fabulous and accessible, and we love him for it.”

5. He takes advantage of a simple and age-old combination.

Buffett uses a straightforward formula that pays off for anyone who gives it the time, said John Lee Dumas, founder and host of the podcast “Entrepreneur On Fire”: “Compound interest plus patience​.”

6. He sticks to what he knows.

“I don’t know much about Warren Buffett other than I’ve heard that he invests in what he ‘knows‘ and/or has ‘learned,'” said Matt Theriault, host of the podcast “Epic Real Estate Investing.” “In my experience, with the right education and information backing investment decisions, most people would be a success.”

7. He’s aggressively anti-stupid.

According to Stephen Dubner, co-author of the best-selling “Freakonomics” series and host of “Freakonomics Radio,” Buffett has an unerring sense for what is just plain dumb.

“I have no idea how much of his success is due to smarts versus luck and all the additional advantages that are conferred on someone who becomes successful. (Those are important and should never be discounted).” Dubner told us. “But one thing that always impresses me about him is how aggressively anti-stupid he is. It’s not that he’s not willing to take risks; it’s just that he has a great sense of behaviors that are, whether in the moment or in retrospect, plainly stupid — and yet many people are willing to engage in patently stupid behavior because they’ve somehow convinced themselves it’s not stupid.”

8. He tries to be the best at one thing.

Buffett focuses all his energy in one place, according to Laura Adams, a personal finance expert and host of “Money Girl.”

“Buffet’s success seems to come from passion for his work, good mentors early in his career, and striving to be the best at one thing — his consistent knack for identifying undervalued companies to invest in,” she said.

warren buffett most powerful women summit

9. He thinks years in the future.

Most investors are too short-sighted, Chris Hill, host of “Motley Fool Money,” told us.

“While many on Wall Street are thinking about the next quarter, Warren Buffett is thinking about the next five, ten, and twenty years,” he said. “That may seem like a small thing, but it is a radical departure from the short-term mindset that drives so much trading activity. It’s also why Buffett is the greatest investor we will ever see in our lifetimes.”

10. His investments are diversified and long-term.

“He has said it many times: He invests only in things he understands (relying on his common sense, which we all have), he doesn’t put too much of his money into any one investment (called diversification), and his holding period is “forever” (called a long-term approach),” said Ric Edelman, chairman and CEO of Edelman Financial Services, and host of “The Truth About Money with Ric Edelman.” “The best part is that anyone can replicate the strategy used by Warren — and since it made him the world’s most successful investor, we all can become financially successful, too!”

11. He plays the number 1 game for investors.

When Robert Kiyosaki — inveterate investor and founder of “Rich Dad Radio Show” — was young, he learned about business and money by playing Monopoly.

Apparently, the Oracle of Omaha invests like he’s played the game a couple times himself. “He, too, plays the game of Monopoly in real life,” Kiyosaki told us.

12. He’s a ‘go-giver.’

Farnoosh Torabi, financial strategist, author, and host of “So Money with Farnoosh Torabi,” told us Buffett’s truly outstanding factor is his largesse.

“He’s a go-giver,” she said. “He’s incredibly philanthropic and I’ve discovered from countless interviews with some of the most successful people on the planet that being a giving person with your money, time, ideas yields abundance in your life. Warren, consistently ranked as one of the world’s wealthiest individuals, has pledged to give away 99% of his fortune. That’s outstanding.”

SOURCE::::: http://www.businessinsider.com

Natarajan

Busiest Flight Routes in the World….Sapporo -Tokyo Sector is on the Top of The List…!!!

Busiest flight routes in the world revealed … with number one carrying SEVEN MILLION passengers a year (and the two cities will surprise you)

  • More than 14 million people travel between Sapporo and Tokyo every year 
  • Six of the world’s 10 busiest routes are found in Asia
  • No cities in Europe or North America managed to crack the list 

More than seven million people travelled on the busiest flight route in the world in 2013 – but the two cities may surprise you.

It wasn’t the short hop between the Brazilian cities of Sao Paulo and Rio de Janeiro or the two-hour journey between Beijing and Shanghai in China.

Surprisingly, it was the 90-minute trek from Sapporo to Tokyo in Japan.

Crowded: The busiest flight route in the world is Sapporo to Tokyo, with the return leg a close second

Crowded: The busiest flight route in the world is Sapporo to Tokyo, with the return leg a close second

Data prepared by FightStats for The Huffington Post shows that 7.4 million passengers travelled from Sapporo to Tokyo on 29,858 flights last year.

The return leg is the world’s second busiest route, transporting 7.3 million passengers on 29,484 flights.

Tokyo has the world’s most populous metropolitan area with more than 35 million residents, while Sapporo, in comparison, is home to just two million people.

An online search displays dozens of daily flights from Sapporo to Tokyo’s Narita and Haneda airports, departing every five to 30 minutes on a number of carriers.

All Nippon Airways is one of the carriers that ferries nearly seven million passengers from Sapporo to Tokyo

All Nippon Airways is one of the carriers that ferries nearly seven million passengers from Sapporo to Tokyo

FlightStats says more than 8.3 million people take to the skies every day on more than 93,000 flights.

The third busiest route in the world in 2013 was Seoul to Jeju in South Korea, while the return flight was the fourth busiest.

Almost seven million people flew each way on about 37,000 flights in 2013.

The Sao Paulo-Rio de Janeiro route rounds out the top five with just over six million travellers. The return flight is the sixth busiest flight.

Six of the world’s 10 busiest routes are in Asia, while the others are located in Brazil and Australia.

Sydney to Melbourne and the return leg are the ninth and 10th busiest routes.

Tokyo was by far the busiest city for airport travel, claiming four spots. The routes between Tokyo and Fukuoka also cracked the list.

No cities in Europe or North America made the top 10.

BUSIEST ROUTES IN THE WORLD

  1. Sapporo-Tokyo (29,585 flights, 7,404,740 passengers
  2. Tokyo-Sapporo, (29,484, 7,376,637)
  3. Seoul-Jeju, South Korea, (37,167, 6,939,204)
  4. Jeju-Seoul, (36,809, 6,872,450)
  5. Sao Paulo-Rio de Janeiro (37,520, 6,094,249)
  6. Rio de Janeiro-Sao Paulo (37,420, 6,085,195)
  7. Tokyo-Fukuoka, Japan (25,214, 5,886,273)
  8. Fukuoka-Tokyo (25,130, 5,872,756)
  9. Sydney-Melbourne (26,534, 4,997,700)
  10. Melbourne-Sydney (26,512, 4,978,161)

Source: FlightStats

The website FlightAware compiled a list of the busiest routes on a single day, using July 30, 2014 as an example.

On that day, the busiest route in the world saw 94 flights travel from Seoul’s Gimpo International Airport to Jeju International Airport.

The busiest route in the US on July 30, 2014 was Los Angeles to San Francisco with a total of 55 flights.

Source:::: http://www.dailymail.co.uk

Natarajan

Indian Airports Hold Top 6 Positions in South Asia Aviation Market…

Here we look closely at the airports of South Asia and highlight the region’s top performers. 

DATA: What are the Fastest Growing Airports in South Asia?

Ahead of this year’s Routes Asia forum, Routesonline is providing a snapshot on the leading airlines and airports and most used aircraft types across the region.  Here we look closely at the airports serving South Asia and highlight the region’s top performers.

Scheduled Air Capacity From South Asia (2005 – 2014)

Our analysis of published schedules for the past ten years shows that air capacity within and from South Asia has risen from 69,033,731 available seats in 2005 to 158,760,706 available seats in 2014.  This represents a growth of 130.0 per cent across the period, an average annual increase of 14.4 per cent.  In the past year capacity increased 7.3 per cent.

Year Available Capacity
2005 69033731
2006 88368144
2007 109348747
2008 118056955
2009 117414226
2010 125066419
2011 143163209
2012 143648290
2013 148024633
2014 158760706

Top Ten Airports in the South Asian Market (2014) ….

Delhi (DEL)    Mumbai (BOM)      Bangalore (BLR      Chennai (MAA)      Kolkata (CCU)   Hyderabad (HYD)     Colombo (CMB)        Dhaka (DAC)       Cochin (COK

Indian airports hold the top six positions in the listing of largest facilities for air travel within and from South Asia, highlighting the key role new entrants into the local market and infrastructure growth at airports in the country will have on the future of aviation in this region.

The big metropolis hubs of Indira Gandhi International Airport in Delhi and Chhatrapati Shivaji International Airport in Mumbai lead the way with 16.8 per cent and 15.3 per cent shares of capacity within and from South Asia in 2014, respectively. With a faster rate of growth Delhi’s gateway has strengthened its prominence in the region with its share of available seats rising 0.3 percentage points between 2013 and 2014 following a 9.0 per cent rise in departure capacity.

The Indian airports hold seven of the top ten largest airports in South Asia with Kempegowda International Airport in Bangalore (6.2 per cent share); Chennai International Airport (6.1 per cent share); Netaji Subhas Chandra Bose International Airport in Kolkata (4.9 per cent share); Rajiv Gandhi International Airport in Hyderabad (4.5 per cent share) and Cochin International Airport (2.6 per cent share), the others.

The largest non-Indian airport in South Asia by departure capacity in 2014 was Bandaranaike International Airport, serving the Sri Lankan capital city of Colombo, which was ranked seventh with a 3.3 per cent share. The other non-Indian airports in the top ten were: Dhaka’s Shahjalal International Airport in Bangladesh (2.8 per cent share) and Karachi’s Jinnah International Airport in Pakistan (2.6 per cent share).

Fastest Growing Airports in the South Asian Market (2010-2014)

Looking at capacity data in the region across a five year period, it is Rajiv Gandhi International Airport in the Indian city of Hyderabad that has grown by the biggest margin with capacity up 68.6 per cent from 2010. The modern facility was opened in March 2008 as a replacement for the city’s former airport at Begumpet and is viewed upon as one of the most efficient facilities across the Asian market, regularly appearing highly in customer surveys.

The performance at Hyderabad over the last five years only just exceeded that of two other Indian airports. Pune Airport grew capacity 65.9 per cent between 2010 and 2014, while at Lucknow’s Chaudhary Charan Singh International Airport departure seats increased 60.6 per cent, despite capacity falling last year.

Outside of the dominant Indian market, Ibrahim Nasir International Airport, the main international airport in the Maldives, was the fastest growing airport in South Asia with departure capacity up 56.4 per cent over the past five years. Bandaranaike International Airport in Colombo, Sri Lanka also saw a notable 45.3 per cent capacity rise between 2010 and 2014, highlighting its emergence as a regional hub for the oneworld alliance and resurgence of tourism to the country.

SOURCE::::: www .routesonline.com

natarajan

 

Message For the Day…” Core of Truth Will Never Change…”

When the moon is just a little arc in the sky and one desires to see it, a person indicates it by pointing a finger towards it. Or, when one desires to look at a particular star, a person says, “There, just above that branch of this tree.” The moon is far away, and the star is much farther. At the moment it could be seen just above the branch, but that is only a temporary location. Soon, the location changes. The finger can no longer be correct, for the star or moon moves across the sky. But the genuine characteristic never undergoes change. The form may suffer change; the name may change; times may change; and the space it occupies may change. But the core of Truth will not change. That core is denoted as existence, luminescence, and attractiveness(asthi, bhathi, priyam) in Vedantic texts. The above three together are the nature of God. On these as the basis, forms are constructed by the mind, and names for the forms follow.

Sathya Sai Baba

” A story that is not a laughing stuff…” !!!

John had a  terrible accident at work – he fell against a grinding machine and ripped off both of his ears. Since he was permanently disfigured, he settled with the company for a rather large sum of money and went on his way.

One day, John decided to invest his money in a small, but growing telecom business called Mixitup Communications.  After weeks of negotiations, he bought the company outright. But, after signing on the dotted line, he realized that he knew nothing about running such a business and quickly set out to hire someone who could do that for him.

The next day he had set up three interviews. The first guy was great. He knew everything he needed to and was very interesting. At the end of the interview, John asked him, “Do you notice anything different about me?”  And the gentleman answered, “Why yes, I couldn’t help but notice you have no ears.” John got very angry and threw him out.

The second interview was with a woman, and she was even better than the first guy. He asked her the same question,  “Do you notice anything different about me?” and she replied: “Well, you have no ears.”  John again was upset and tossed her out.

The third and last interview was the best of all three. It was with a very young man who was fresh out of college. He was smart. He was handsome. And he seemed to be a better businessman than the first two put together. John was anxious, but went ahead and asked the young man the same question: “Do you notice anything different about me?”
And to his surprise, the young man answered: “Yes. You wear contact lenses.” John was delighted, and said, “What an incredibly observant young man. How in the world did you know that?”

The young man fell off his chair laughing hysterically and replied, “Well, it’s pretty hard to wear glasses with no ears!”

SOURCE::::www.mastegg.com

Natarajan

Hong Kong’s Third Runway Backed by IATA and Cathay Pacific….

The HK$150 billion project has been backed by both Hong Kong flag carrier  Cathay Pacific, and the International Air Transport Association (IATA), with the interpretation that a third runway is necessary in order to see the aviation industry in Hong Kong flourish.  

Hong Kong’s Third Runway Backed by IATA & Cathay Pacific

Hong Kong International Airport (HKIA) is set to begin the construction of a third runway and associated infrastructure.

The HK$150 billion project has been backed by both Hong Kong flag carrier Cathay Pacific, and the International Air Transport Association (IATA), with the interpretation that a third runway is necessary in order to see the aviation industry in Hong Kong flourish.

Construction on the third runway is expected to commence next year, to be completed by 2023, and will help Hong Kong International Airport boost capacity to 100 million passengers and 9 million tons of cargo a year by 2030.

IATA have said that HKIA plays a crucial role as an economic catalyst – Hong Kong is home to some 3,500 regional headquarters and boasts a HK$250 billion tourism industry. The airport serves 63 million passengers and processes 4.4 million tonnes of cargo.

“IATA has long been an advocate of the need for a third runway in Hong Kong. And it is in the interest of everyone in Hong Kong to see the aviation industry flourish. Aviation and aviation-related tourism account for 8.2% of the Hong Kong economy. Increasing HKIA’s capacity to be able to serve 100 million passengers and 9 million tonnes of cargo by 2030 will ensure that the airport continues to be a pillar of Hong Kong’s success—provided the expansion is built, financed  and funded wisely,” said Tony Tyler, IATA’s Director General and CEO in a speech to the Foreign Correspondents Club of Hong Kong.

IATA has outlined a framework which will allow Hong Kong’s new infrastructure to be built without increasing airline charges, without placing a burden on taxpayers, without making it more expensive for travellers, without adding an extra burden to shippers and while increasing competitiveness of the hub’s air transport network.

HKIA is consistently profitable, and IATA’s Tony Tyler has suggested the airport use its advantageous financial situation to fund its expansion by borrowing through commercial loans or bonds.

Flag carrier, Cathay Pacific has supported IATA’s suggestions to fund the project by saying that the third runway can be self-funded through existing income streams, especially as the number of passengers moving through the airport continues to grow.

“Hong Kong International Airport is extremely successful. It is the world’s busiest airport for international freight and the third busiest in terms of international passenger traffic. The Airport Authority enjoys the highest net profit of any airport in the world and benefits from strong cash flows, a healthy balance sheet, and growing income from retail and aeronautical streams,” said Ivan Chu, Cathay Pacific Chief Executive.

Cathay Pacific also believes that, as a public body, the Airport Authority should reinvest its income in the development of the third runway, so that the airport can maintain its premier hub status and continue to make an important economic contribution to Hong Kong.

Hong Kong’s air transport network is under pressure to remain competitive, after its share of the market connecting China to the rest of the world shrank from 20 percent to 17 percent between 2005 and 2013.

Its share on the ASEAN to North America market has remained at 10 percent, whereas the airport’s share on ASEAN to European traffic has contracted to 2.4 percent from 3.3 during the same period.

“There are lots of reasons why these changes are happening. The Middle East airlines are proving to be strong competitors with efficient and affordable hubs being a central piece of their success. And hubs closer to Hong Kong continue to improve their offerings to enhance the competitiveness of their networks,” said Mr Tyler.

SOURCE:::::::: Poppy Marello in http://www.routesonline.com

Natarajan