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
Giovanni Bisignani
IATA: $2.5B loss in '09 is optimistic
International Air Transport Association (IATA) DG and CEO Giovanni Bisignani said the organisation's December forecast of an industry-wide US$2.5 billion loss in 2009, based on a 5 per cent drop in cargo volumes and a 3 per cent drop in passenger numbers, "is now looking very optimistic." He said IATA will release a revised forecast next week, adding that, "the only good news is that the spot price of fuel is low. Unfortunately, immediate relief is being delayed by hedging at higher prices," he … [Read more...] about IATA: $2.5B loss in '09 is optimistic
IATA: $2.5B loss in ’09 is optimistic
International Air Transport Association (IATA) DG and CEO Giovanni Bisignani said the organisation's December forecast of an industry-wide US$2.5 billion loss in 2009, based on a 5 per cent drop in cargo volumes and a 3 per cent drop in passenger numbers, "is now looking very optimistic." He said IATA will release a revised forecast next week, adding that, "the only good news is that the spot price of fuel is low. Unfortunately, immediate relief is being delayed by hedging at higher prices," he … [Read more...] about IATA: $2.5B loss in ’09 is optimistic
Industry has not yet hit bottom~ IATA
Industry has not yet hit bottom: IATA Continued falling cargo demand has led the International Air Transport Association (IATA) to urge the cargo supply chain to improve security and efficiency to deliver a more enticing product. In remarks delivered by video to IATA's World Cargo Symposium in Bangkok, CEO Giovanni Bisignani said: "The industry is in crisis and nobody knows that better than our cargo colleagues. Cargo demand has fallen off a cliff." ¡°After a shocking 22.6 per cent decrease in … [Read more...] about Industry has not yet hit bottom~ IATA
EU Council
The EU Council has adopted the European Commission directive to include aviation in the EU emissions trading system. The decision was made “without discussion” at the Council meeting of the EU Justice and Home Affairs Ministers, according to a statement. The EU’s 27 member states now are required to transpose the new directive into national law within 12 months. IATA instantly blasted the decision. “Crisis is not the time for rubber stamps, but that is exactly what the … [Read more...] about EU Council