Students of the Chinese calendar will note that 2012 is the year of the Black Water Dragon, symbol of action, energy, leadership and vitality. The dragon is also, however, associated with unpredictability and times of transformation. That may prove highly apt for the airline industry. As the industry prepares for the 2012 Singapore Air Show in February, many hope that China will carry the world through what increasingly looks to be an uncertain and tough year. Reflecting that ...

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