23 November 2017

IATA, African Development Bank sign MoU to advance Africa’s aviation

The International Air Transport Association (IATA) and the African Development Bank (AfDB) have signed a memorandum of understanding (MoU) to establish a framework for collaboration to boost the aviation sector in Africa. The MoU was signed on the sidelines of the International Civil Aviation Organization World Aviation Forum – Financing the Development of Aviation Infrastructure […]

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Thomas Cook reports 40% drop in earnings amidst ‘challenging’ period

Reporting on underlying earnings for the year to September, U.K. travel giant Thomas Cook has reported a 40% plummet in earnings as it struggled to cope with a ‘challenging market and weakness of the devalued pound. Earnings at £56 million (US$73 million) were down from £86 million (US$114 million) for the same period in 2016,

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AACO turns to IATA for support over new proposed U.S. taxes

The Arab Air Carriers Association (AACO) has turned to the International Air Transport Association (IATA) to intervene in new taxes proposed by the U.S Administration which some observers believe is intended to target the ‘Big Three’ Gulf carriers, Emirates, Qatar Airways and Etihad Airways. The proposed taxes are to be levied on carriers headquartered in

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Latin America and Caribbean’s in-service fleet to more than double by 2036

From 2017-2036 Latin America and the Caribbean will need 2,677 new passenger and freighter aircraft to meet rising demand, according to the latest Airbus Global Market Forecast (GMF). Valued at US$352bn, this demand accounts for 2,084 single-aisle and 593 twin-aisle and very large aircraft. This implies that the region’s in-service fleet will more than double

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