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    • TBO Tek shares soar 12 percent after arm acquires Classic Vacations for up to $125 million

      The acquisition will combine TBO’s technology platform with Classic Vacation’s network of luxury travel advisors and suppliers, the company said.

    • Need greater tax certainty to exploit India's aviation growth potential: IATA DG

      Against the backdrop of some foreign airlines receiving tax notices in India in recent times, Walsh said "India has a very complex tax system and it has been a feature of our industry for many years. So, it is not a new issue".

    • Aircraft makers need to come out with SOPs for airlines to deal with GPS spoofing situations: Global airlines' group IATA

      Airlines have been reporting GPS interference with their flights in different parts of the world, especially while flying near or over conflict zones.

    • Airline amenities grow ever more luxurious for those who can pay

      With so many carriers having overhauled their aircraft interiors and premium seats, airlines are now upgrading some of the finer points of their front-cabin services, such as amenity kits and meals.

    • IATA expects record traffic in 2025, airline industry's revenue set to exceed $1 trillion

      Profit margins for airlines will be 3.6%, higher than those in 2024, IATA said. Lower oil and higher demand will drive profitability, while potential tariffs and trade wars under Trump 2.0 could hurt the industry’s prospects, it added.

    • IndiGo to host IATA annual general meeting in New Delhi next year

      The announcement was made by the IATA at its ongoing annual general meeting here.

    • Baggage delivery at airports: Over 90% of passengers received luggage within 30 mins of arrival since March, says BCAS

      BCAS also added that in phase 2, the government has advised all international airlines, as well as domestic airlines operating in other airports to ramp up baggage delivery timings.

    • Upcoming Navi Mumbai International Airport accorded IATA location code as 'NMI'

      The airport code, also known as a location code, is a three-letter geocode assigned to airports and metropolitan areas around the world, defined by the IATA.

    • IATA Annual Safety Report: 2023 was one of the safest years to travel

      Last year was one of the safest years to travel with the lowest fatality risk and ‘all accident’ rate on record, according to 2023 Annual Safety Report released by the International Air Transport Association.

    • Global airline industry to rake in $25.7 billion profit in 2024; India a hugely exciting market: IATA

      IATA said the overall revenue this year is expected to rise faster than expenses (7.6 per cent versus 6.9 per cent), strengthening profitability.

    • IATA expects sustainable aviation fuel production to rise to 1.9 bn litres in 2024

      At a recent conference hosted by the International Civil Aviation Organization (ICAO), stakeholders agreed to a global framework to promote SAF production in all geographies for fuels used in international aviation to be 5 per cent less carbon-intensive by 2030. Around 17.5 billion litres of SAF need to be produced to reach that level.

    • IndiGo CEO Pieter Elbers elected as next chief of IATA's board of governors

      Peter Elbers will succeed the present chair, Yvonne Manzi Makolo, the CEO of Rwandair, in June 2024.

    • India has right vision for aviation industry; need to be cautious about high taxes says IATA

      While the domestic traffic is on the rise, the airlines segment is facing headwinds with Go First suspending operations and SpiceJet grappling with various issues, while IndiGo and Air India group are expanding their presence. Akasa Air, which is on a steady path, is less than a year old.

    • India is a fantastic potential market but taxation higher: IATA chief

      During a media briefing here, Walsh also highlighted the scale of the economy and investments going into airports in India.

    • Sustainable Aviation Fuel production set to grow, says IATA

      The International Air Transport Association (IATA) expects overall renewable fuel production to reach an estimated capacity of at least 69 billion litres (55 million tonnes) by 2028.

    • IATA says unruly passenger behavior on the rise after COVID-19

      In its analysis, IATA found that the most common type of unruly passenger was non-compliant, verbally abusive and intoxicated.

    • 'Massive opportunities' in Indian aviation market: IATA

      India is one of the fastest growing aviation markets in the world and Air India has embarked on an ambitious expansion plan, while IndiGo is set to fly to more international destinations.

    • Airline industry to report $9.8 billion net profit this year: IATA

      Willie Walsh, Director General of the International Air Transport Association (IATA), said that despite economic uncertainties, people are flying to reconnect, explore and do business. "Latest data shows that passenger traffic is at over 90 per cent of 2019 level".

    • India fast emerging as a key global aviation market, says IATA report

      Domestic air passenger traffic for all markets measured for February rose 25.2 per cent compared to one year ago.

    • Global commercial aviation industry sees slightly higher accident count in 2022: IATA

      The International Air Transport Association (IATA) said that the fatal accident rate in the global commercial aviation industry improved to 0.16 per million sectors last year compared to 0.27 per million sectors in 2021.

    • Indian aviation market has significant opportunities but taxation always an issue: IATA chief Willie Walsh

      The International Air Transport Association (IATA) is a global grouping that represents around 300 airlines, including those from India, and its members account for nearly 83 per cent of the global air traffic.

    • Each passenger carried expected to contribute on average $1.1 to airline industry's net profit: IATA chief Willie Walsh

      The International Air Transport Association (IATA) represents around 290 airlines, including Indian carriers, comprising about 83 per cent of the global air traffic.

    • Global airline industry to post lower loss at USD 6.9 billion in 2022; India seeing strong recovery: IATA

      After being hit by the pandemic, India's domestic air traffic is recovering well and airlines are looking to expand their operations on local and international routes.

    • India has potential to produce sustainable aviation fuel, says IATA executive

      The International Air Transport Association (IATA) is a grouping of international airlines.

    • India a key aviation market; air travel demand to be robust: IATA

      After being significantly hit by the COVID-19 pandemic, the Indian aviation sector is on the recovery path and airlines are also ramping up their staff as well as expanding routes to cater to the rising travel demand.

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