The International Air Transport Association (IATA) says airlines operating in Africa are set to lose at least US$300 million more than they lost last year. “For 2008 we expect global losses of US$5.2 billion and $700 million of that on this continent, making Africa the most unprofitable place to run an airline,” Lance Brogden, regional vice president-AfricaIATA said. … [Read more...] about International Air Transport Association (IATA)
LATA
Europe/CIS: Three-way deal to reduce emissions
IATA, Eurocontrol and the Civil Air Navigation Services Organisation announced a three-way deal to “expedite efficiency improvements in European air traffic management” that will achieve annual savings of 470,000 tonnes of fuel, US$550 million and 1.5 million tonnes of carbon dioxide emissions, according to the trio. The plan calls for an airspace redesign to accommodate a 0.1 per cent reduction in routes equivalent to 4 million nautical miles per year and US$28 million in … [Read more...] about Europe/CIS: Three-way deal to reduce emissions
