The International Air Transport Association (IATA) announced a decision of its Board of Governors (BoG), unanimously approved at an IATA BoG meeting today, to recommend Alexandre de Juniac, chairman and CEO of Air France-KLM, to succeed retiring director general and CEO, Tony Tyler. With confirmation by the IATA Annual General Meeting to be held 1-3 June 2016 in Dublin, Ireland, de Juniac will take up duties as the head of the association after a short handover period. "The IATA Board of … [Read more...] about AF-KLM’s de Juniac to fill Tyler’s shoes at IATA
IATA
Air cargo in the ‘new mediocre’ of global economic growth
The global economy is growing, but growing at a lower rate than anticipated, said George Anjaparidze, senior economist, IATA who went on to cite International Monetary Fund (IMF) CEO Christine Lagarde who recently warned that the world was on the threat of entering a new phase of mediocre growth becoming the new reality. “And that’s exactly what we’re seeing,” added Anjaparidze. The advanced economies are still growing, but very slowly he noted with emerging economies growing far below their … [Read more...] about Air cargo in the ‘new mediocre’ of global economic growth
Stifel Logistics Index: Positive blips in a downward trend
Despite improved results in January and February, the March edition of the Stifel Logistics Confidence Index suggests that these months may have merely amounted to positive blips within a downward trend, according to the Index’s authors at Transport Intelligence (Ti). The release of February trade volume figures for China showed that the country has experienced significant declines in both imports and exports, with the latter contracting 25.4 per cent year-on-year; the steepest decline since … [Read more...] about Stifel Logistics Index: Positive blips in a downward trend
Dual hub strategy pays off for Cargolux
The Cargolux Group has ended the financial year (and 45th anniversary year) defying an environment of low yields, continued overcapacity and declining volumes, with record levels of tonnage, block hours and crucially, a net profit after tax of US$49 million. The company outperformed not only the market, but also its direct competitors in Europe who, in a number of cases, retired freighters or reduced their air cargo activities. “It is a sign of our company’s strength that, despite the energy … [Read more...] about Dual hub strategy pays off for Cargolux
WCS faces up to industry challenges
“The air cargo industry has had a rollercoaster ride over the last decade. But the continued success of the World Cargo Symposium, culminating in a record attendance of over 1,100 delegates in Berlin this year, shows the commitment of the industry to share best practice and generate action plans to tackle the industry’s greatest challenges,” said Glyn Hughes, IATA’s global head of cargo. Discussions over four days at the WCS focused on the challenge of potentially disruptive new technologies … [Read more...] about WCS faces up to industry challenges
Cargo iQ phoenix rises from Cargo 2000
Hitting the ‘reset button’ nearly 20 years after the unfortunately-named cargo quality initiative - Cargo 2000 - was first created, the IATA-supported interest group with the mission of creating and implementing quality standards for the worldwide air cargo industry was officially renamed Cargo iQ at the World Cargo Symposium in Berlin. The rebrand, aside from moving away from the negative imagery of a name that suggests a 16 year lag in reaching its intended goals, is part of a much larger … [Read more...] about Cargo iQ phoenix rises from Cargo 2000
