Latin America and Caribbean Air Transport Association (ALTA) announced (27-Aug-2013) the addition of JLT Aerospace as an affiliate member, increasing the number of ALTA affiliate members to 45. ALTA executive director Alex de Gunten said: "ALTA is very pleased to welcome JLT to its membership. The Latin America and Caribbean region's aviation industry is growing and is projected to expand significantly for the next couple of decades. The entry of a risk management organisation such as JLT to our association adds great value to the efforts that we can undertake as a group for the improvement of safety and efficiency in aviation." [more - original PR]
JLT Aerospace becomes ALTA affiliate member
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Both Finnair and TAP are based in peripheral corners of Europe: Finnair in the extreme northeast and TAP in the southwest. Both are based in countries with relatively small populations, but they have developed networks that capitalise on their geographic location to carry connecting traffic from across Europe and elsewhere to long haul destinations in other continents.
TAP's main long haul market is Upper South America (primarily Brazil), but it also has a secondary long haul niche in Africa. Finnair's main long haul market is Northeast Asia, with an additional presence in South and Southeast Asia. Both also operate to the US. On short haul, LCC competition has been a bigger threat to TAP than to Finnair, but cost savings are important to both.
TAP and Finnair have similar traffic volumes, unit costs and average trip lengths. Moreover, both have struggled to generate sustainable profitability. This report compares and contrasts Europe's two leading independent exponents of the location based long haul niche strategy. Both are set to accelerate their long haul growth.