The International Air Transport Association (IATA) called on the Venezuelan government to honor the commitment it made in March to permit airlines to repatriate, in full and at fair exchange rates, airline funds being blocked in the country. While the government has permitted the repatriation of US$424 million shared among a number of airlines, continuing sales in the country have seen the total amount owed grow to a staggering $4.1 billion. Airlines can no longer afford the risk of not … [Read more...] about Venezuela still blocking US$4.1b owed to airlines
International Air Transport Association
Air cargo continues fragile recovery: IATA
The International Air Transport Association (IATA) released figures showing a small improvement in air freight growth in October, with global freight tonne kilometers (FTK) up four per cent compared with October 2012, with growth in all regions except Africa. IATA said the gradual expansion continues a trend that began in the third quarter as air freight markets have responded to better economic confidence and improved consumer demand. However, performance varies significantly by region, … [Read more...] about Air cargo continues fragile recovery: IATA
GACAG outlines air cargo security needs
Viable, effective air cargo screening technologies are an essential part of a multilayered, risk- and threat-based approach to air cargo security, says a new position paper from the Global Air Cargo Advisory Group (GACAG). While stating its support of ICAO Annex 17 and its guidance material as the baseline documents for air cargo security, GACAG encourages ICAO members to use standard international codes for screening technologies and protocols. It also urges ICAO to develop global … [Read more...] about GACAG outlines air cargo security needs
IATA-FIATA call for states to ratify MC99
The International Air Transport Association (IATA) and the International Federation of Freight Forwarders Associations (FIATA) have released a joint position paper calling for states to ratify the Montreal Convention 1999 (MC99) treaty to promote trade facilitation. At the World Trade Organisation talks in Bali, 3-6 December, states have been urged to take steps to stimulate greater world trade, in order to promote growth in the global economy. For those states who have … [Read more...] about IATA-FIATA call for states to ratify MC99
Slow cargo uptick in July, Asia still weak
The International Air Transport Association (IATA) announced global air cargo traffic results for July showing a continuation of the modest improvement trend experienced in June. Global freight tonne kilometres (FTKs) were up 1.2 per cent in July year-on-year, slightly better than the 0.9 per cent year-on-year increase recorded in June, as growth in Europe and the Middle East offset weakness in Asia. As a result of the July performance, air freight volumes are at their highest level … [Read more...] about Slow cargo uptick in July, Asia still weak
IATA’s June figures offer hope with 1.2% expansion
The International Air Transport Association (IATA) released June figures showing a 1.2 per cent year-on-year expansion in global air freight demand. Although weak, this is a clear improvement when compared to the 0.9 per cent year-on-year demand growth recorded in May and the 0.1 per cent growth realised over the first half of the year. While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements … [Read more...] about IATA’s June figures offer hope with 1.2% expansion
