The International Air Transport Association (IATA) called on European governments and air navigation service providers to urgently develop more precise procedures to identify ash contaminated air space and allow more flights. The call came in the wake of 1,000 flight cancellations on Monday (17 May) as a result of the continued volcanic eruptions in Iceland. “This problem is not going away any time soon. The current European-wide system to decide on airspace closures is not working. We … [Read more...] about IATA blasts Europe again over volcanic crisis
GSA/GSSAs
China’s 2010 trade surplus expected to fall sharply
Commerce ministry spokesman Yao Jian stated that China's trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China's trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China's largest trading partner for the first quarter was the European Union, with trade with the … [Read more...] about China’s 2010 trade surplus expected to fall sharply
China's 2010 trade surplus expected to fall sharply
Commerce ministry spokesman Yao Jian stated that China's trade surplus will fall steeply as the renminbi rises against foreign currencies, reported state media. Surpluses narrowed in the first quarter of 2010, with China declaring a US$7.24 billion trade deficit in March. China's trade surplus in April decreased 87 per cent from a year earlier, and the national surplus could nearly halve this year. China's largest trading partner for the first quarter was the European Union, with trade with the … [Read more...] about China's 2010 trade surplus expected to fall sharply
Demand growing faster than expected
Demand for both international air travel and air freight accelerated in March with the rebound on the back of economic recovery exceeding expectations, the International Air Transport Association (IATA) said this week. IATA said the air traffic recovery would dip in April because of the disruption from the Icelandic volcanic eruption, which hit European carriers in particular, and added that passenger and freight markets are still one per cent below early 2008 highs and the industry has lost two … [Read more...] about Demand growing faster than expected
February demand still strong: IATA
The International Air Transport Association (IATA) announced that February 2010 international scheduled air traffic showed continued strengthening of demand. Compared to February 2009, cargo demand grew 26.5 per cent while passenger demand was up 9.5 per cent. Iata noted that cargo traffic, which plunged much further than passenger demand and ultimately hit bottom in December 2008, has a further 3 per cent to recover in order to return to pre-crisis levels. “We are moving in the right … [Read more...] about February demand still strong: IATA
IATA: January volumes continue upward trend
The International Air Transport Association (IATA) has announced that January 2010 demand for international scheduled air traffic showed continuing improvement, with international cargo demand up 28.3 per cent with only a 3.7 per cent increase in capacity. This pushed the cargo load factor to 49.6 per cent, a significant change from the 40.1 per cent recorded in January 2009. There are large geographical differences in the improvements. The strongest upturns have been seen in markets where … [Read more...] about IATA: January volumes continue upward trend
