Aviation industry should work closely with govts - body

Miami – The aviation industry should work even more closely with governments on challenges regarding global and critical issues like safety, infrastructure, security, regulation and environment, the International Air Transport Association (Iata) has advised.

According to Iata CEO Tony Tyler there are currently about 51 000 airline routes in the world. During 2015 it is expected that there will be about 3.5 million air passengers and about 55 million tonnes of air cargo will be transported.

He said airlines currently employ about 2.5 million people and support a further 56 million jobs in the industry’s value chain.

“There is no question about the aviation industry as a force for economic growth in the world,” Tyler said in his opening address to a record audience of more than 1 000 delegates, including about 200 members of the international media.

“Air connectivity is much more than a competitive advantage. It is an economic necessity. So there is a tremendous common interest with governments to support safe, efficient and sustainable global connectivity that only air transport can provide.”

US Secretary of Transportation Anthony Foxx said in his keynote address at the opening of the AGM there can be no global economy without the aviation industry.

“Keep going, keep growing and keep making progress,” was his message to the delegates, who represent about 83% of the global airline industry.

He said the demand for airline travel is expected to be more than 1 billion people by 2029.

“The aviation industry must, therefore, see to it that infrastructure is upgraded and must also use technology to ensure greater sustainability. Generation Next must become Generation Now,” said Foxx.

Iata's annual general meeting takes place in Miami and is hosted by American Airlines.

•    Fin24 is an Iata guest at their AGM

ZAR/USD
17.63
(-0.04)
ZAR/GBP
23.01
(-0.05)
ZAR/EUR
20.79
(-0.01)
ZAR/AUD
12.62
(-0.03)
ZAR/JPY
0.17
(-0.01)
Gold
2034.21
(+0.05)
Silver
28.28
(+0.09)
Platinum
961.50
(+0.38)
Brent Crude
44.55
(-1.53)
Palladium
2166.01
(+0.63)
All Share
56757.73
(-1.56)
Top 40
52435.65
(-1.72)
Financial 15
9897.96
(+0.10)
Industrial 25
74671.49
(-1.98)
Resource 10
58948.78
(-1.89)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Do you think it was a good idea for the government to approach the IMF for a $4.3 billion loan to fight Covid-19?
Please select an option Oops! Something went wrong, please try again later.
Results
Yes. We need the money.
11% - 934 votes
It depends on how the funds are used.
74% - 6255 votes
No. We should have gotten the loan elsewhere.
15% - 1285 votes
Vote