Las Vegas McCarran International
Airport today announced the launch of the inaugural Las Vegas World
Aviation Forum, to be held October 24-26, 2005 at the Green Valley Ranch
Resort in Las Vegas. Panelists for the event, who will be announced within
the coming weeks, include top commercial aviation executives, government
officials, manufacturers and policy analysts from the Americas, Europe and
Asia. “The aviation industry today operates in a changing environment where fuel
costs are at record highs, low-cost carriers increasingly hold the pricing
power, and many aspects of the legacy airlines’ models are becoming
unsustainable,” said Las Vegas Director of Aviation Randall H. Walker.
“The Las Vegas World Aviation Forum is a great opportunity for industry
leaders to examine these changes and debate the various options for
adapting to our new environment. For all who attended and participate, it
will be a chance to frame the future.”

The Las Vegas World Aviation Forum will bring together industry leaders—
including executives from airlines, airports, vendors and governments—
from around the world. The Forum is informal, with no lengthy
presentations and a conversational format designed to provoke discussion,
debate and ideas. The audience is encouraged to participate, as some of
the industry’s most important stakeholders candidly discuss the day’s hot
issues for commercial aviation executives.

Among the topics to be discussed at the Forum in October: * The evolving
roles of airports and labor as aviation industry paradigms shift *
“Fixing” the U.S. domestic airline industry, and bringing it back to
profitability * The next low-cost carrier frontiers: Prospects in Asia and
South America, and on long-haul transatlantic and transpacific routes

“Here in Las Vegas, we experienced early on the rapidly changing dynamics
that came with the rise of low-cost carriers, which now account for more
than fifty percent of our scheduled capacity, while at the same time
enjoying a fast-growing international presence,” Walker noted. “We look
forward to sharing our experience with Forum attendees, with our great
city as a backdrop for the event.”

The Las Vegas World Aviation Forum is being co-organized by GCW
Consulting, a strategic consultancy for organizations in the aviation
sector and a pioneer of similar events in the United States and China.

“As one of the fastest growing cities in the United States, and the
largest inbound tourist market in North America, Las Vegas is an ideal
site to host a gathering of the world’s aviation industry leaders,” said
GCW Consulting President and CEO Mo Garfinkle. “In October, Las Vegas will
be the place for a frank, candid discussion of airline industry issues
among some of its most influential leaders.”
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