Tourism News Page 757
BREAKING NEWS: collapse of Europe’s third largest tour operator FTI
Morgann Lesné from travel M&A investment bank Cambon Partners comments: “Most considered FTI too big to fail and therefore would not have seen this coming today. Right now a lot of those B2B suppliers will be urgently confirming their exposure and legal situation – they can guess, but it might take days to work through to an absolute figure.
IndiGo to Host 81st IATA AGM in Delhi
The International Air Transport Association (IATA) announced that IndiGo will host the 81st IATA Annual General Meeting (AGM) and World Air Transport Summit in Delhi, India, on 8-10 June 2025.
Riyadh Air chooses Creative Director Ashi as its cabin crew fashion designer
Riyadh Air has selected world-renowned Saudi Arabian fashion designer Ashi to design and create the airline’s first-ever cabin crew fashion line. The partnership marks another groundbreaking milestone for the Kingdom’s new start-up airline, which is set to combine spectacular high fashion and outstanding design with functionality ahead of its maiden flight in 2025.
oneworld says “Bula” to Fiji Airways as its 15th full member airline
oneworld®, the world’s leading airline alliance, has announced that Fiji Airways is to become its 15th full member airline. Fiji Airways, the flag carrier of Fiji and the South Pacific, has been a valuable presence in the oneworld alliance for the past five years as a oneworld connect partner. During this time, the airline has developed cooperative links with all oneworld member airlines, paving its way to a more seamless integration as a full oneworld member. Fiji Airways’ transition to full membership will commence immediately and will be completed within the next 12 months.
PANASONIC AVIONICS AND EVA AIR SIGN 54 AIRCRAFT AGREEMENT FOR WIDEBODY AND NARROWBODY IFEC
Panasonic Avionics Corporation (Panasonic Avionics) and EVA Air have signed an agreement for the installation of in-flight engagement (IFE) and connectivity systems, and a range of digital services, on 54 of its widebody and narrowbody aircraft.
IHG Hotels & Resorts heats up in Mexico, Latin America and the Caribbean with exciting openings
IHG Hotels & Resorts (IHG), one of the world’s leading hotel companies, today celebrates its exceptional luxury and lifestyle growth in Mexico, Latin America and the Caribbean (MLAC). Already one of the largest luxury and lifestyle portfolios in the world, this expansion underscores IHG’s strategic focus, significant investment, and ambitious growth plans in the region for this important segment
HO CHI MINH CITY RIVER FESTIVAL EXPANDS IN SCALE, IGNITING SUMMER TOURISM IN 2024
Ho Chi Minh City always knows how to captivate visitors with its unique charm, vibrant lifestyle, and impressive cultural and historical heritage. Adding to its allure, the city’s annual festivals have carved out a distinctive identity, drawing an ever-growing number of tourists. The Ho Chi Minh City River Festival, one of the most anticipated summer festivals, exemplifies this magnetic appeal.
Airline Profitability Outlook Improves for 2024
The International Air Transport Association (IATA) announced strengthened profitability projections for airlines in 2024 compared with its June and December 2023 forecasts. An aggregate return above the cost of capital, however, continues to elude the global airline industry.
Willie Walsh’s Report on the Air Transport Industry at the 80th IATA AGM
This year… Airlines will connect nearly five billion people over 22,000 routes on 39 million flights. And we’ll deliver 62 million tonnes of cargo—making possible $8.3 trillion in trade.
IATA SAF Registry
The International Air Transport Association (IATA) announced that it will establish the SAF Registry (Registry) to accelerate the uptake of Sustainable Aviation Fuels (SAF) by authoritatively accounting and reporting emissions reductions from SAF.
SAF Production to Triple in 2024 but More Opportunities for Diversification Needed
The International Air Transport Association (IATA) announced that its projections for a tripling of Sustainable Aviation Fuels (SAF) production in 2024 to 1.9 billion liters (1.5 million tonnes) are on track. This would account for 0.53% of aviation’s fuel need in 2024. To accelerate SAF use, there are several policy measures that governments could take.
Air Canada Proudly Renews its Partnership with the Canadian Olympic Committee
Air Canada has renewed its partnership as the Official Airline of Team Canada. The new agreement, showcasing the airline’s deep passion for sport and commitment to sharing the best of Canada with the world, extends through the 2030 Olympic and Paralympic Winter Games and includes Paris 2024.