The International Air Transport Association (IATA) released analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), and loan guarantees ($12 billion). $52 billion is from commercial sources including commercial loans ($23 billion), capital market debt ($18 billion), debt from … [Read more...] about Airline debt to balloon by 28 percent as heavy new debt levels seen to weigh down airline recovery
IATA
ACI and IATA outline roadmap for aviation industry restart
Airports Council International (ACI) World and the International Air Transport Association (IATA) have called on governments to ensure any new measures introduced for airports and airlines in the wake of COVID-19 are supported by scientific evidence and are consistent across the world. The aviation sector has been brought to a standstill and a balanced and effective restart and recovery depend on collaboration among the key participants in the global aviation ecosystem. ACI and IATA have … [Read more...] about ACI and IATA outline roadmap for aviation industry restart
ACI and IATA Outline Roadmap for Aviation Industry Restart
Airports Council International (ACI) World and the International Air Transport Association (IATA) have called on governments to ensure any new measures introduced for airports and airlines in the wake of COVID-19 are supported by scientific evidence and are consistent across the world. The aviation sector has been brought to a standstill and a balanced and effective restart and recovery depends on collaboration among the key participants in the global aviation … [Read more...] about ACI and IATA Outline Roadmap for Aviation Industry Restart
IATA Board Declares Principles for Industry Re-start
The International Air Transport Association (IATA) announced a commitment by the airline CEOs on its Board of Governors to five principles for re-connecting the world by air transport. These principles are: Aviation will always put safety and security first: Airlines commit to work with our partners in governments, institutions and across the industry to: Implement a science-based biosecurity regime that will keep our passengers and crew safe while enabling efficient … [Read more...] about IATA Board Declares Principles for Industry Re-start
IATA Outlines Layered Approach for Industry Re-Start
IATA has published Biosecurity for Air Transport: A Roadmap for Restarting Aviation which outlines IATA’s proposal for a layering of temporary biosecurity measures. The Roadmap aims to provide the confidence that governments will need to enable the re-opening of borders to passenger travel; and the confidence that travelers will need to return to flying. “There is no single measure that will reduce risk and enable a safe re-start of flying. But a layering measures that are globally … [Read more...] about IATA Outlines Layered Approach for Industry Re-Start
Don’t make a slow recovery more difficult with quarantine measures: IATA
The International Air Transport Association (IATA) released new analysis showing that the damage to air travel from COVID-19 extends into the medium-term, with long-haul / international travel being the most severely impacted. Quarantine measures on arrival would further damage confidence in air travel. A risk-based layered approach of globally harmonized biosecurity measures is critical for the restart. Air travel scenarios IATA and Tourism Economics modeled two air travel … [Read more...] about Don’t make a slow recovery more difficult with quarantine measures: IATA
