The International Air Transport Association on Monday further downgraded its 2011 airline industry profit forecast to $4 billion, which would represent a 78 percent drop compared to last year.
The European Union and Georgia on Friday announced an air transport agreement to integrate the western country into the European common aviation market.
North Korean commerce minister Kim Bong-cheol was killed on Tuesday when his helicopter crashed on a small island in North Pyongan province, according to a news report on Thursday. Four others were also killed.