Air cargo has "all but collapsed," according to the Association of European Airlines (AEA), who said traffic volumes were down by around a fifth for the first two months of the year, the worst figures on record. Passenger traffic plunged nearly 5 per cent in the first two months of the year and could fall another 10 per cent in March as the economic downturn continues. It said it would normally expect a 4 per cent to 5 per cent increase in traffic "so current levels are approaching 10 per cent … [Read more...] about Decline continues for European carriers
Freight Forwarders
IATA ups ’09 forecast with $4.7B industry loss
Estimated losses for the global air industry are expected to nearly double from December's forecast for 2009 as air carriers grapple with the worst crisis in over 60 years, with the International Air Transport Association (IATA) saying a significant recovery in 2010 would "require more optimism than realism". The IATA has announced a revised outlook for the global air transport industry with losses of US$4.7 billion in 2009, significantly worse than its December forecast of US$2.5 billion in … [Read more...] about IATA ups ’09 forecast with $4.7B industry loss
IATA ups '09 forecast with $4.7B industry loss
Estimated losses for the global air industry are expected to nearly double from December's forecast for 2009 as air carriers grapple with the worst crisis in over 60 years, with the International Air Transport Association (IATA) saying a significant recovery in 2010 would "require more optimism than realism". The IATA has announced a revised outlook for the global air transport industry with losses of US$4.7 billion in 2009, significantly worse than its December forecast of US$2.5 billion in … [Read more...] about IATA ups '09 forecast with $4.7B industry loss
US forwarders say screening hurdles remain
Testifying recently before a US congressional subcommittee, the executive director of the US Airforwarders Association (AFA), Brandon Fried, acknowledged progress had been made on screening cargo in the belly holds of passenger aircraft, but warned three primary challenges still faced the Transportation Security Administration's (TSA) aim of 100 per cent screening by the August 2010 deadline. "Serious issues have yet to be resolved, including the lack of approved pallet screening technology, … [Read more...] about US forwarders say screening hurdles remain
Qatar, Saudi up aviation cooperation
Qatar and Saudi Arabia have agreed to improve cooperation between the two countries’ aviation markets with a deal recently signed by Saudi Arabia’s General Authority for Civil Aviation (GACA) and the Qatar Authority for Civil Aviation. “By this agreement, we aim to develop rules and regulations and facilitate air transportation procedures between Saudi Arabia and Qatar,†said Ayman Bin Baker Naseef, supervisor of GACA’s central department for … [Read more...] about Qatar, Saudi up aviation cooperation
ASEAN must aim high in market liberalisation
ASEAN has missed the December 2008 deadline to open markets between capital cities on a multilateral basis, said the director general and CEO of the International Air Transport Association's (IATA), Giovanni Bisignani. "Malaysia must be a strong voice encouraging ASEAN member states to fulfill their obligations under the ASEAN Roadmap for the Integration of the Air Travel Sector (RIATS) and to meet the 2010 milestone. "ASEAN must aim high. A single market including ownership liberalisation by … [Read more...] about ASEAN must aim high in market liberalisation
