The global airline fleet expanded by about two per cent in June, thanks to new plane deliveries and a largerthan- expected number of aircraft being taken out of storage, according to the International Air Transport Association (IATA). IATA estimates a net 68 aircraft were taken out of storage in June, the highest monthly net total in at least a year. There also were 124 new aircraft delivered in the month, the highest number since December 2008. … [Read more...] about EUROPE & CIS: Two per cent global fleet expansion in June
IATA
International Air Transport Association (IATA)
The International Air Transport Association (IATA) said June marked the 13th consecutive month of contracting demand for international air cargo. Despite reaching a bottom in December, improvement has been slowed by high inventory levels and soft demand. “At the current pace, it will likely take several years before demand returns to early 2008 levels.†IATA said air freight is refl ecting the earlier economic recovery in Q2 among some emerging Asian economies while recoveries are … [Read more...] about International Air Transport Association (IATA)
International Air Transport Association
The International Air Transport Association (IATA) announced that Cathay Pacific Airways CEO Tony Tyler started his one-year term as the Chairman of the IATA Board of Governors. Tyler succeeds Samer Majali, CEO of Royal Jordanian Airlines, who served as Chairman from June 2008. Tyler is a 32-year veteran of the air transport industry who has served as Cathay Pacific CEO since 2007. He worked for Cathay Pacific and the Swire Group in many cities across the globe and has been on the … [Read more...] about International Air Transport Association
EUROPE & CIS: Two per cent global fleet expansion in June
The global airline fleet expanded by about two per cent in June, thanks to new plane deliveries and a largerthan- expected number of aircraft being taken out of storage, according to the International Air Transport Association (IATA). IATA estimates a net 68 aircraft were taken out of storage in June, the highest monthly net total in at least a year. There also were 124 new aircraft delivered in the month, the highest number since December 2008. … [Read more...] about EUROPE & CIS: Two per cent global fleet expansion in June
IATA: Cargo drop slowed but yield still down
The year long decline in global air cargo slowed in July but revenue and freight rates remain under intense pressure, the International Air Transport Association (IATA) said. Cargo volumes fell 11.3 per cent last month from July 2008, compared with a 16.5 per cent year-on-year decline in June and a 19.3 per cent average for the first seven months of the year, it said. Despite this improvement the July load factor, or capacity utilisation, fell to 47.6 per cent from 49 percent in July 2008. "The … [Read more...] about IATA: Cargo drop slowed but yield still down
Aramex joins Cargo 2000
Dubai-based global logistics solutions provider, Aramex, has announced that it has joined Cargo 2000, an industry group within the International Air Transport Association (IATA) specialising in quality management systems for the global air freight industry. Cargo 2000 re-engineers the air cargo transportation scheme from shipper to consignee with its processes backed by quality standards that are measurable to improve the efficiency of air cargo. Cargo 2000’s global member base … [Read more...] about Aramex joins Cargo 2000
