RFID Seen Making Smooth Touchdown in the Turbulent Aviation Industry

Singapore — September 9, 2009 — The Asia Pacific aviation industry is reeling from the effects of the current economic decline, with more than 20 airlines filing for bankruptcy. The industry lost more than 180,000 jobs and a staggering $5.8 billion in 2008 alone and is anticipated to lose another $2.5 billion in 2009. With no likely improvements in the economic climate until 2010, the aviation industry is working on implementing dynamic and innovative solutions with a strong promise of return on investment (ROI) to remain competitive and profitable.

Some aviation companies are looking at leveraging technologies such as RFID to raise efficiency levels, reduce wastage and increase security. Initial results have shown that RFID has considerable potential to save costs, which is pivotal for long-term sustainability and profitability within the aviation industry.