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9. Lower Oil Prices and Stronger Worldwide GDP Growth Behind Improved Profitability of Airlines: IATA has released its Economic Performance of the Air Transport Industry report, which forecasts that airlines are expected to post a collective global net profit in 2014 of some $19.9 billion (up from the $18.0 billion projected in June), with this rising to $25.0 billion in 2015. Lower oil prices and stronger worldwide GDP growth are the main drivers behind the improved profitabi

10. High Oil Prices yet to Impact Tourism says WTO: High Oil Prices yet to Impact Tourism says WTO.

11. STR Suggests RevPAR Downturn for Hotels in GCC Correlates with Oil Prices: According to Statista, the price of OPEC crude oil averaged US$96.29 per barrel in 2014 but plummeted 48.6% to an average price of US$49.49 in 2015. Over the same time period, corporate business in GCC hotels suffered with year-on-year declines in room revenue (-3.1%), food & beverage (-3.8%) and other operated departments (-5.8%), according to STR’s 2015 Global Profitability Revie

12. Derazona Helicopters Orders Airbus H160 Helicopter: Airbus has secured an H160 order from Derazona Helicopters in Indonesia, launching this new rotorcraft in the country’s oil and gas sector. The multi-mission H160 will play an important role in the expansion plans of the Indonesian operator for oil and gas, off-shore, utility and commercial passenger transportation. Published by TravelNewsAsia.com on 12 April 2021.

13. Oil Price Plunge Fuels New Call for Surcharge Cuts: One of Australia’s leading travel agency groups has called for airlines to reduce their fuel surcharges in response to falling global oil and jet fuel prices. Flight Centre Limited managing director Graham Turner said recent jet fuel reductions, which had seen prices fall to the lowest levels in more than 12 months, should lead to widespread changes to airlines’ complicated fuel su

14. Air New Zealand to test Jatropha Plant as Alternative Fuel Source: Air New Zealand to test Jatropha Plant as Alternative Fuel Source. Jatropha is a plant that grows to approximately three metres high and produces seed that contain inedible lipid oil that is used to produce fuel. Each seed produces between 30 and 40% of its mass in oil and jatropha can be grown in a range of difficult conditions, including arid and non-arable areas.

15. Suntec Singapore’s Green Power: Suntec Singapore’s Green Power. In less than one and a half years since embarking on a new and green initiative to convert used cooking oil to biodiesel, Suntec Singapore has recycled more than 15,200 litres of cooking oil, which if not properly disposed of, could contaminate up to 304 million litres of water. This is an impressive increase of 90% since June 2009.