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25. SriLankan Airlines receives IOSA Registration from IATA
SriLankan Airlines receives IOSA Registration from IATA. SriLankan Airlines has been added to the Registry of the IATA Operational Safety Audit (IOSA). The International Air Transport Association launched IOSA in 2003, and it remains a key element in IATAís drive to provide benchmarking of safety and quality standards and procedures among airlines throughout the global industry.
26. Korean Air CEO Re-elected to IATA Board of Governors
Korean Air CEO Re-elected to IATA Board of Governors. Korean Air Chairman & CEO Mr. Yang Ho Cho has been re-elected to the International Air Transport Association (IATA) Board of Governors for a two-year term at the 64th IATA Annual General Meeting (AGM) held in Istanbul. This is Mr Choís fifth election to the Board, following elections in 1995, 2001, 2004 and 2006.
27. IATA calls on Governments to help improve Air Transportís Environmental Performance
IATA calls on Governments to help improve Air Transportís Environmental Performance. IATA has challenged governments to put aside politics and join industry in delivering real results to further improve air transportís good environmental performance. The challenge was delivered by IATAís Director General and CEO, Giovanni Bisignani at the World Air Transport Forum in Cannes, which
28. IATA Revises Global Aviation Outlook
IATA Revises Global Aviation Outlook. IATA has revised its outlook for the global air transport industry with losses of US$4.7 billion in 2009. This is significantly worse than IATAís December forecast for a US$2.5 billion loss in 2009, reflecting the rapid deterioration of the global economic conditions.
29. IATA Honors Singaporeís Minister Mentor Lee with Global Aviation Leadership Award
IATA Honors Singaporeís Minister Mentor Lee with Global Aviation Leadership Award. IATA honored Singaporeís Minister Mentor Lee Kuan Yew with its Global Aviation Leadership Award (GALA) at the 65th IATA Annual General Meeting and World Air Transport Summit which opened Monday in Kuala Lumpur.
30. IATA Revises 2011 Industry Profit Expectations to US$6.9 billion
IATA has upgraded its industry profit expectations to $6.9 billion (up from $4.0 billion projected in June). IATA emphasized that, despite the improvements, profitability at these levels is still exceptionally weak (1.2% net margin) considering the industryís total revenues of $594 billion. In its first look at 2012, IATA is projecting profits to fall to $4.9 billion on revenues of
31. Berlin and Lufthansa to Host IATA AGM and World Air Transport Summit
Berlin and Lufthansa to Host IATA AGM and World Air Transport Summit. Lufthansa has been confirmed as the host of the IATA Annual General Meeting (AGM) and World Air Transport Summit which will take place in Berlin from 6-8 June 2010. This will be the third time that Germany hosts the IATA AGM. Previously Munich (1968) and Hamburg (1985) hosted the event. Last year the AGM took pla
32. IATA downgrades Industry Profit Expectations for 2008
IATA downgrades Industry Profit Expectations for 2008. IATA has downgraded its industry profit expectations for 2008 to US$4.5 billion based on the global economic growth slowing to 2.6% and an average annualised oil price of US$86 per barrel (Brent Crude). This is the second downgrading of the 2008 forecast. In September 2007 IATA predicted a US$7.8 billion profit for this year. T

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