IATA warns airlines headed for crisis on rising infrastructure costs

IATA warns airlines headed for crisis on rising infrastructure costs”

The center will work to identify potential aviation safety hazards and assess related risks by leveraging the research capabilities in Singapore, and operational flight data and safety information that are available under IATA's Global Aviation Data Management (GADM) initiative, according to a memorandum of collaboration signed by Alexandre de Juniac, director general and CEO of IATA, and Kevin Shum, director-general of CAAS.

"The airline industry does not support pre-funding to finance in advance infrastructure projects", said IATA in a press release.

As demand grows in many key places, the lack of supply is causing significant challenges.

"And there are worrying trends which are increasing costs".

Mr de Juniac said that low-priced carriers need traffic growth of 6 per cent to 9 per cent to fill aircraft to be delivered in the next five to seven years.

"At the other end of the spectrum, we have Seoul's Incheon Airport". In addition, Incheon has extended an airport charges discount introduced two years ago.

"At around 1324 Singapore local time, one aircraft of the Black Eagles aerobatic team from the Republic of Korea Air Force skidded and crashed into the grass verge at the side of Changi Airport's Runway 1 and caught fire", the Civil Aviation Authority of Singapore said in a news release on Tuesday.

"It also demonstrates a great understanding of the role aviation plays in linking the Korean economy to economic opportunities globally". "But our view is that the ownership is best left in public hands", de Juniac said. And we need to get the funding model right to avoid burdening the industry with extra costs.

De Juniac's statements came after IATA reported that the Asia-Pacific is expected generate to 3.5-billion trips by 2036 out of the expected 7.8 billion. Uwihanganye said the proposed regulations will also enable the national carrier, RwandAir, to enter new markets in Europe and America "with ease because the new aviation rules are in line with standards requirements in Europe and the US".

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