The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight tonne kilometers (FTKs), rose 6.8% in November 2016 compared to the year-earlier period. This was a slight slowdown from the 8.4% annual growth recorded in October 2016 - which was a 20-month high - but was still more than 2.5 times the average annual monthly growth rate of 2.6% over the past decade. Growth in freight capacity, measured in … [Read more...] about IATA: November air freight demand reflects strong peak season
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IATA: Strong passenger demand growth returns in November
The International Air Transport Association (IATA) announced global passenger traffic results for November 2016 showing the strongest demand growth in nine months. Total revenue passenger kilometers (RPKs) rose 7.6% compared to November 2015. Capacity (available seat kilometers or ASKs) increased by 6.5%, and load factor rose 0.8 percentage points to 78.9%. “Stronger demand for air travel reflects—and is supporting--a pick-up in the global economic cycle. As the stimulus effect of … [Read more...] about IATA: Strong passenger demand growth returns in November
India’s Competition body orders fresh IATA probe
India’s Competition Appellate Tribunal has set aside the findings of the fair trade regulator CCI, which had found that the International Air Transport Association (IATA) and its Indian affiliate had not violated competition norms and directed a fresh probe into the issues. The fresh investigation into IATA’s implementation of the Cargo Accounts Settlement System (CASS) is a long running issue in India and has been vigorously opposed by the Air Cargo Agents Association of India … [Read more...] about India’s Competition body orders fresh IATA probe
Vladimir Zubkov to be TIACA’s new secretary general
The International Air Cargo Association (TIACA) has announced its new secretary general, will be Vladimir Zubkov, replacing Doug Brittin, who retires at the end of the year. Zubkov has more than 40 years’ experience in the air transport industry, including senior roles with the International Civil Aviation Organisation (ICAO), and, most recently, as vice president of the Volga-Dnepr Group of Companies. He has been a member of the TIACA Board since 2011 and is the chairman of the Industry … [Read more...] about Vladimir Zubkov to be TIACA’s new secretary general
AirBridgeCargo gains IATA CEIV certification
AirBridgeCargo Airlines (ABC) has become the first airline in Russia and the seventh in the world to be awarded IATA's Center of Excellence for Validators in Pharmaceutical Logistics (CEIV Pharma) certification for the global transportation of pharma products via its cargo hub in Sheremetyevo, Moscow. The transportation of temperature sensitive pharma shipments is one of the fastest-growing air cargo markets, driven by global demand for healthcare and life science products. In order to comply … [Read more...] about AirBridgeCargo gains IATA CEIV certification
Cargo agency programme officially kicks off
At a signing ceremony held today at FIATA Airfreight Institutes 95th meeting in Dublin, Ireland, the International Federation of Freight Forwarders Associations (FIATA) and the International Air Transport Association (IATA) officially signed the agreement to launch the IATA FIATA Air Cargo Programme (IFACP) first announced in July. The IFACP is the result of years of work which kicked off after a 2012 review of the existing programme. The new structure shaping the relationship between … [Read more...] about Cargo agency programme officially kicks off