Posts Tagged ‘IATA’
IATA Blasts Europe’s Handling of the Volcanic Ash Crisis
Tuesday, May 18th, 2010
Geneva - 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
IATA blasts governments and oil companies for neglect of biofuels
Friday, January 22nd, 2010
The International Air Transport Association has criticised the oil industry and national governments for failing to invest in the development of aviation biofuel.
Explaining why he is "disappointed" with the lack of government action, IATA director general Giovanni Bisignani cites the "billions of dollars of bailout" received by the ailing car industry. He complains: "We have not seen one penny from governments investing in biofuels."
The oil industry, meanwhile, yields $9 billion… Continue reading
IATA: US$5.6 Billion Loss Expected In 2010
Tuesday, December 15th, 2009
US$5.6 Billion Loss Expected In 2010
-Low Yields and Rising Costs Keep Industry in the Red-
(Geneva) - The International Air Transport Association (IATA) revised its financial outlook for 2010 to an expected US$5.6 billion global net loss, larger than the previously forecast loss of US$3.8 billion. For 2009, IATA maintained its forecast of a US$11 billion net loss.
“The world’s airlines will lose US$11.0 billion in 2009. We are ending an Annus… Continue reading