IATA stated (16-Jan-2019) "the future of India's air transport industry is bright. However, this does not mean that the future flightpath will be without turbulence". According to the latest forecasts from IATA/Tourism Economics, "demand for air travel to, from and within India" will increase at an average rate of 6.1% p/a over the next 20 years, expanding to close to 520 million passengers p/a by 2037, up by 359 million passengers p/a from 2017. IATA expects domestic passengers to "account for around 63% of the total growth over this period, or 228 million additional passengers". Higher income driven improvements in living standards in India are expected to contribute 5.1% of the 6.1% p/a increase in air travel demand, while "favourable population and demographic factors are forecast to contribute 0.6%". IATA projects India will overtake Germany, Japan, Spain and the UK to become the third largest air traffic market worldwide within the next 10 years and "will hold this position through to the end of our forecast horizon in 2037". [more - original PR]
The CAPA-ACTE Global Summit & Corporate Lodging Forum was held in Sydney on 3-4 December 2018 with the theme of “Embracing Change”. The Summit begun with big picture keynotes on the demographic, geopolitical and economic climate shaping our world, followed by more detailed discussions on the latest travel industry trends and practices. Hear first hand experiences from those that attended our 2018 CAPA-ACTE Global Summit & Corporate Lodging Forum.
The Qatar Aviation Aeropolitical and Regulatory Summit is a high level forum dedicated to addressing the latest developments in aviation regulation, both within the GCC and around the world.
Austrian Airlines announced (17-Jan-2019) plans to invest more than EUR200 million to expand its Airbus fleet to "significantly strengthen our position in Vienna", CEO Alexis von Hoensbroech said. The carrier will increase its A320 fleet from 36 to 46 aircraft over the next three years as it works to phase out its 18 76-seat Bombardier Dash 8-400 aircraft, expanding overall Vienna capacity by more than 10%. Phase out of turboprop aircraft is expected to last until 2021 at the latest. [more - original PR - English/German]
France's Prime Minister Edouard Philippe announced (17-Jan-2019) plans to launch a EUR50 million investment plan for French ports and airports "in the coming days" in preparation for a 'no deal' Brexit scenario. "We strongly believe" the UK will leave without an exit deal, Mr Philippe stated, highlighting the French Government's responsibility to ensure the "least possible impact" if the UK exits the EU without an agreement being formed by 29-Mar-2019. He noted ports and airports are "the locations the most threatened by modifications brought about by a 'hard Brexit'". [more - original PR]
Brazil ANAC commenced (17-Jan-2019) the aircraft redelivery process of 10 A320 aircraft operated by Avianca Brazil. Brazil ANAC stated: "The process is being conducted following the request by the owner leasing company, GE Capital Aviation Services". The cancellation of the aircraft's Brazilian registration can occur in up to five days and the redelivery of the aircraft is "immediate". ANAC added that the process is ensured by Presidential Decree 8008/2013 which aims for a swift removal of aircraft by the owner in case of defaults. [more - original PR - Portuguese]
Norwegian Air announced (17-Jan-2019) it will permanently suspend the following routes:
- Rome-Tel Aviv;
- The carrier will also reduce frequency on the following services:
- Palma de Mallorca-Copenhagen: 14 to 13 times weekly;
- Palma de Mallorca-Oslo: Nine to eight times weekly;
- Palma de Mallorca-Dusseldorf: Nine to seven times weekly;
- Palma de Mallorca-Helsinki: Seven to six times weekly;
- Rome-Helsinki: Six to four times weekly;
- Tenerife North-Madrid: Nine to seven times weekly.