Tokyo - The International Air Transport Association (IATA) called on the Japanese government to establish aviation policies that will strengthen the sector and contribute to a more competitive Japan.
The International Air Transport Association has signed an agreement to resell services of aviation and hospitality data specialist Innovata. The deal marks a multi-year extension to a strategic marketing partnership that was formed by the two organisations in March 2003.
Much has been made of the aviation industry’s growth in the Middle East in the past year. Being the only region to post growth in 2009 of 11.2%, 2010 has seen the trend continue, with an increase of 19.4% over the first seven months of the year according to International Air Transport Association
The International Air Transport Association has sharply revised its expectations for global aviation in 2010, projecting profits of $8.9 billion. As late as June this year the IATA was predicting global profits of $2.5 billion, with the Vancouver-based body surprised by the “stronger and faster” economic recovery.
The number of airline passengers travelling in premium class increased in June as the global economic recovery gains momentum, the airline industry body IATA has said.
Global aviation traffic has returned to levels last seen before the 2008 recession, according to data from the International Air Transport Association. The Middle East continues to lead the global recovery, seeing the biggest increase in demand during May, while North America and Europe lagged behind.
The global aviation industry is recovering at a much faster rate than previously expected due to a sharp recovery in passenger numbers and cargo. However European airlines are missing out on the recovery due to the impact of April’s volcanic eruption in Iceland and industrial disputes, IATA announced on the first day of its 2010 AGM.
International Air Transport Association chairman Antony Tyler has used the Global Travel & Tourism Summit in Beijing to attack the new British government’s aviation policy. The scrapping of a third runway at Heathrow Airport and changes to Air Passenger Duty were both concerns, while the European Union was also criticised.
The International Air Transport Association (IATA) estimated that the Icelandic volcano crisis cost airlines more than $1.7 billion in lost revenue through Tuesday—six days after the initial eruption.