The International Air Transport Association (IATA) has announced that all 224 of its member airlines, comprising 93 per cent of all scheduled international air traffic, are listed on the IATA Operational Safety Audit (IOSA) registry.  “Today is a momentous day for aviation safety–our number one priority,†said Giovanni Bisignani, IATA's Director General and CEO. “IATA membership is now synonymous with best practice in airline safety. This is a great achievement … [Read more...] about 100% of IATA carriers meet IOSA safety audit
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IATA ups ’09 forecast with $4.7B industry loss
Estimated losses for the global air industry are expected to nearly double from December's forecast for 2009 as air carriers grapple with the worst crisis in over 60 years, with the International Air Transport Association (IATA) saying a significant recovery in 2010 would "require more optimism than realism". The IATA has announced a revised outlook for the global air transport industry with losses of US$4.7 billion in 2009, significantly worse than its December forecast of US$2.5 billion in … [Read more...] about IATA ups ’09 forecast with $4.7B industry loss
IATA ups '09 forecast with $4.7B industry loss
Estimated losses for the global air industry are expected to nearly double from December's forecast for 2009 as air carriers grapple with the worst crisis in over 60 years, with the International Air Transport Association (IATA) saying a significant recovery in 2010 would "require more optimism than realism". The IATA has announced a revised outlook for the global air transport industry with losses of US$4.7 billion in 2009, significantly worse than its December forecast of US$2.5 billion in … [Read more...] about IATA ups '09 forecast with $4.7B industry loss
ASEAN must aim high in market liberalisation
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
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
