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1. IATA, Aeroflot, Russian VTB Bank implement BSP in Russia
IATA, Aeroflot, Russian VTB Bank implement BSP in Russia. IATA has fully implemented its Billing and Settlement Plan (BSP) in Russia with strategic partners Russian VTB Bank and Aeroflot. IATA’s Billing and Settlement Plan (BSP) provides a single standard interface for invoicing and payment between 60,000 IATA Accredited Passenger Sales Agents and airlines in 160 countries. In 2007
2. Qatar Airways Elected to IATA Environment Committee
Qatar Airways Elected to IATA Environment Committee. Qatar Airways has been elected as a member of the IATA’s Environment Committee (ENCOM). The Doha-based airline will sit alongside a select group of international carriers to advise relevant IATA bodies on environmental matters and act with other members as a focal point within IATA on environmental issues.
3. IATA Promotes Popovich to Senior Vice President
IATA Promotes Popovich to Senior Vice President. IATA has appointed Aleks Popovich as Senior Vice President for Industry Distribution and Financial Services, effective 1 October 2009. Popovich will replace Tom Murphy, who will retire from IATA after 30 years of service following a short transition period.
4. 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
5. IATA Director General and CEO Pierre J. Jeanniot speaks at the opening of IATA's 58th Annual Gen
IATA Director General and CEO Pierre J. Jeanniot speaks at the opening of IATA's 58th Annual General Meeting and World Air Transport Summit in Shanghai. Latest Travel News from ASIA Travel Tips.com - updated daily, and available free through email. May 2002.
6. IATA calls on Governments and Industry Partners to Address Fuel Crisis
IATA calls on Governments and Industry Partners to Address Fuel Crisis. The International Air Transport Association (IATA) has called on governments and industry partners to address the fuel crisis that is pushing airlines into the red. IATA forecasts a loss of US$2.3 billion for 2008 based on an average oil price of US$106.5 per barrel Brent crude. The association sounded a warnin
7. 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 IATA’s December forecast for a US$2.5 billion loss in 2009, reflecting the rapid deterioration of the global economic conditions.
8. Cathay Pacific’s Tony Tyler the New IATA Chairman
Cathay Pacific’s Tony Tyler the New IATA Chairman. IATA confirmed this week that Cathay Pacific Airways CEO Tony Tyler has succeeded Samer Majali, CEO of Royal Jordanian Airlines, as Chairman of the IATA Board of Governors.
9. 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 Cho’s fifth election to the Board, following elections in 1995, 2001, 2004 and 2006.
10. IATA calls on Governments to help improve Air Transport’s Environmental Performance
IATA calls on Governments to help improve Air Transport’s Environmental Performance. IATA has challenged governments to put aside politics and join industry in delivering real results to further improve air transport’s good environmental performance. The challenge was delivered by IATA’s Director General and CEO, Giovanni Bisignani at the World Air Transport Forum in Cannes, which

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