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Fri, 19 Oct 2018

Asia Pacific Airline Leaders in Jeju, South Korea for 62nd AAPA Assembly of Presidents

[HD video and podcast below] Against a backdrop of sustained economic growth, a growing middle class and increased demand for air travel, Asia Pacific air carriers continue to spearhead the development of this global industry by investing in next generation aircraft with the very latest cabin innovations across all classes, as well as other customer service initiatives.

Reflecting strong business and leisure travel demand, the region's airlines achieved an impressive 8.0% growth in the number of international passengers carried during the first eight months of the year.

During the same period, international air cargo demand increased by 4.8%, although growth rates have moderated following the surge in 2017, with some concern over rising tensions between major trading nations.

Korean Air Airbus A220-300 (CS300) reg: HL7201. Picture taken by Steven Howard of TravelNewsAsia.com on 17 October 2018 at Gimpo Int. Airport in Seoul, South Korea. Click to enlarge.

Rising fuel costs and currency fluctuations are putting margins under pressure, although overall, Asia Pacific airlines are expected to deliver substantial profits for the fourth year in succession.

Asia Pacific airline leaders, in Jeju, South Korea this week for the Association of Asia Pacific Airlines 62nd Assembly of Presidents, are well placed to tackle upcoming business challenges, whilst remaining optimistic about long-term growth prospects.

With Asian airlines carrying more than one third of global air freight volumes, concerns over ongoing trade tensions are being closely monitored given the potential negative impact on trade flows and global supply chains.

A key area of concern is infrastructure with the clear need for investments in new air transport facilities such as additional runways, terminals and air traffic management to match traffic growth and the expected deliveries of new aircraft to the region over the next ten years. There is an ongoing debate on how such infrastructure should be funded, and the need for more effective cooperation between airlines, airports and governments. The Assembly is also expected to address the associated issue of manpower development and future training needs.

Given the highly interconnected nature of the air transport industry, cybersecurity is also coming under increasing focus and is expected to be another topic of interest at the Assembly on Friday.

Environmental sustainability will also be a topic of discussion at the Assembly, as reporting of international airline emissions becomes mandatory under ICAO's Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA) from January 2019.

Other key industry topics under consideration at this year's Assembly include taxes and charges, and passenger facilitation issues.

"Air transport is widely recognised as a key contributor to economic and social development, built around strong global networks offering both passenger and air cargo services. We are delighted to be meeting here in Korea, the world's eleventh largest economy, as well as a popular tourist destination. The dynamic airline sector epitomises the way in which region's carriers are at the forefront of global air transport industry development," said Mr. Andrew Herdman, Director General of the Association of Asia Pacific Airlines. "Working together as a community, AAPA is determined to tackle the numerous challenges that face the industry."

Asia Pacific Aviation Industry Update 2018

PODCAST

 

Korean Air - Exclusive HD Video Interview with Three Senior Executives

PODCAST

Closing Press Conference from AAPA 62d Assembly of Presidents in Jeju, South Korea

PODCAST

Inspiring AAPA 2018 Welcome Address by Walter Cho, President of Korean Air

Andrew Herdman's Welcome Presentation at AAPA 62nd Assembly of Presidents in Jeju, South Korea

Aviation: Meeting Demand - Panel Discussion at AAPA 62nd Assembly of Presidents

Korean Food and Soju - Interview with Jaeyoung Lee, Executive Chef of the Four Seasons Hotel Seoul

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