Tag Archives: International Air Transport Association

Vietjet acknowledged among the World’s Safest Airline for 2024.

Vietjet, Vietnam’s leading new-age carrier, has once again been listed among the world’s safest airlines for 2024 by Airline Ratings, the renowned airline safety and product rating website. Additionally, Vietjet has consistently held a seven-star rating, the highest level for aviation safety globally, since 2018. In its annual evaluation, Airline Ratings monitored 385 global airlines, considering the airlines’ incident records in recent years, fleet age, results of audits conducted by the governing body of aviation, the International Civil Aviation Organization (ICAO), and other aviation authorities. Vietjet, along with other notable low-cost peers worldwide such as Ryanair, easyJet, Frontier, etc., has been honoured in the top 10 for many consecutive years, recognizing their excellent performance in flight safety for both flight crews and passengers. Geoffrey Thomas, Editor-in-Chief of AirlineRatings.com, said, “Vietjet’s dedication to maintaining a culture of safety across all aspects of operations is commendable, especially as it actively expands its flight network. The implementation of a robust safety management system and strict compliance with international regulations have contributed to the airline’s excellent technical reliability indicators, ensuring the highest level of safety in its operations for many years.” Vietjet continues to add new aircraft to its modern and fuel-efficient fleet, boasting a technical reliability rate of 99.72% among top operators in the region and the world. The airline invests continuously in training, aircraft engineering, and MRO services to ensure the highest standard in terms of safety and quality. In recent developments, Vietjet Aviation Academy (VJAA) has officially become a training partner of the International Air Transport Association (IATA) to ensure a high-quality aviation workforce.

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Airlines expected to register small $4.7 bn profit in 2023 after $6.9 bn loss in 2022

International Air Transport Association (IATA) has revealed that in 2023, airlines are expected to post a small net profit of $4.7 billion—a 0.6% net profit margin. It is the first profit since 2019 when industry net profits were $26.4 billion (3.1% net profit margin). In 2022, airline net losses are expected to be $6.9 billion.

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Early return to EU slot add to passengers’ woes: IATA

The International Air Transport Association (IATA) expressed concern that a premature return to pre-pandemic slot use rules in the EU this winter risks continuing disruption to passengers. The European Commission has announced it intends to return to the longstanding 80-20 slot use rule, which requires airlines to operate at least 80% of every planned slot sequence. Global slot rules are an effective system for managing access to and the use of scarce capacity at airports. The system has stood the test of time and while airlines are keen to restart services, the failure of several key airports to accommodate demand, coupled with increasing air traffic control delays, means a premature return to the 80-20 rule could lead to further passenger disruption. The evidence so far this summer has not been encouraging. Airports had the 2022 summer season schedules and final slot holdings in January and didn’t evaluate how to manage this in time. Airports declaring that full capacity is available and then requiring airlines to make cuts this summer shows the system is not ready for reviving “normal” slot use this winter season (which begins at end of October). “The chaos we have seen at certain airports this summer has occurred with a slot use threshold of 64%. We are worried that airports will not be ready in time to service an 80% threshold by the end of October. It is essential the Member States and Parliament adjust the Commission’s proposal to a realistic level and permit flexibility to the slot use rules. Airports are equal partners in the slot process, let them demonstrate their ability to declare and manage their capacity accurately and competently and then restore the slot …

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Govts & industry to ensure aviation & safety systems co-exist with 5G services: IATA

International Air Transport Association (IATA) has said that governments must work with the industry to ensure that aviation and incumbent safety systems can safely co-exist with the new 5G services. Many countries have successfully managed to facilitate the requirements of 5G service providers while including necessary mitigations to preserve aviation safety and uninterrupted services.

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IATA urges governments to adopt simple measures to safely ramp-up international travel

The International Air Transport Association (IATA) called on governments to adopt simple, predictable and practical measures to safely and efficiently facilitate the ramping-up of international travel as borders re-open. Specifically, IATA urged governments to focus on three key areas, simplified health protocol, digital solutions to process health credentials, and COVID-19 measures proportionate to risk levels with a continuous review process.

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Travellers getting frustrated with COVID-19 restrictions, 67% feel borders shall open now: IATA

A recent survey by International Air Transport Association (IATA), air travellers are increasingly frustrated with the COVID-19 travel restrictions. The survey within 11 markets in September showed confidence that the risks of COVID-19 can be effectively managed and that the freedom to travel should be restored. 67% of respondents felt that most country borders should be opened now, up 12 percentage-points from the June 2021 survey.

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India & Japan report passenger demand performance only at 30% of pre-COVID levels: IATA

The International Air Transport Association (IATA) has announced passenger demand performance for June 2021, which shows total demand for air travel in June 2021 (measured in revenue passenger kilometers or RPKs) was down 60.1% compared to June 2019. The pandemic resurgence weighed also on passenger recovery in India and Japan – with both markets reporting RPKs only at ~30% of the pre-crisis levels.

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Airlines can’t take risk of operating unprofitable routes in short term: Wille Walsh, IATA

Willie Walsh, Director General, International Air Transport Association (IATA), speaking at the ATM 2021, said that the aviation industry will take time to repair their balance sheets. “Airlines are not going to be able to take the risk of operating unprofitable routes in the short term,” he said. He also warned that while those airlines that survive would fill the gaps left by those that fail, they would have to be careful how quickly they rebuild.

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