The International Air Transport Association (IATA) announced the standardisation of cargo liability limits. With effect from 1 July 2010, the Air Waybill (AWB) Conditions of Contract (IATA Resolution 600b) have been changed to harmonise the application of the Montreal Convention liability limit for all air cargo across all routes. IATA says the simplified approach improves efficiency for shippers and forwarders and is consistent with industry efforts to improve competitiveness by simplifying … [Read more...] about IATA success in standardising cargo liability
International Air Transport Association
Air cargo demand continues rebound: IATA
The International Air Transport Association (IATA) announced international scheduled traffic statistics for May which showed a 34.3 per cent jump in freight demand and an 11.7 per cent increase in passenger traffic and compared to May 2009. “Demand rebounded strongly in May following the impact of the European volcanic ash fiasco in April. Passenger traffic is now 1 per cent above pre-recession levels, while the freight market is 6 per cent bigger,†said Giovanni Bisignani, IATA's … [Read more...] about Air cargo demand continues rebound: IATA
Korean Air Cargo remains No.1 cargo carrier
New International Air Transport Association (IATA) statistics have shown that Korean Air maintained and improved top traffic records in 2009 despite the global economic slowdown that depressed the air cargo market. According to World Air Transport Statistics compiled by IATA, Korean Air topped the global rankings for commercial airline cargo operations for the sixth consecutive year securing first place. During 2009, Korean Air recorded 8.225 billion FTK (Freight Tonne-Kilometres), topping the … [Read more...] about Korean Air Cargo remains No.1 cargo carrier
IATA blasts Europe again over volcanic crisis
The International Air Transport Association (IATA) called on European governments and air navigation service providers to urgently develop more precise procedures to identify ash contaminated air space and allow more flights. The call came in the wake of 1,000 flight cancellations on Monday (17 May) as a result of the continued volcanic eruptions in Iceland. “This problem is not going away any time soon. The current European-wide system to decide on airspace closures is not working. We … [Read more...] about IATA blasts Europe again over volcanic crisis
Demand growing faster than expected
Demand for both international air travel and air freight accelerated in March with the rebound on the back of economic recovery exceeding expectations, the International Air Transport Association (IATA) said this week. IATA said the air traffic recovery would dip in April because of the disruption from the Icelandic volcanic eruption, which hit European carriers in particular, and added that passenger and freight markets are still one per cent below early 2008 highs and the industry has lost two … [Read more...] about Demand growing faster than expected
February demand still strong: IATA
The International Air Transport Association (IATA) announced that February 2010 international scheduled air traffic showed continued strengthening of demand. Compared to February 2009, cargo demand grew 26.5 per cent while passenger demand was up 9.5 per cent. Iata noted that cargo traffic, which plunged much further than passenger demand and ultimately hit bottom in December 2008, has a further 3 per cent to recover in order to return to pre-crisis levels. “We are moving in the right … [Read more...] about February demand still strong: IATA