After Challenging Year, Improvement Expected for 2020
Geneva - The International Air Transport Association (IATA) forecast that the global airline industry will produce a net profit of $29.3 billion in 2020, improved over a net profit of $25.9 billion expected in 2019 (revised downward from a $28 billion forecast in June). If achieved, 2020 will mark the industry’s 11th consecutive year in the black. Highlights of expected 2020
MoreGaruda Indonesia CEO to be sacked over smuggled Harley Davidson
Ari Askhara, the CEO of Garuda Indonesia, is facing the prospect of being sacked from the job. In November 2019, the airline celebrated the arrival of a brand new Airbus A330-900 ‒ a brand new type in its fleet. But Askhara has allegedly used the delivery flight to bring a little something for himself ‒ a Harley Davidson motorcycle, as well as two high-end bikes. State-Owned Enterprises Minister Erick Thohir told the media on
MoreAir Cargo Peak Season off to Slow Start, Annual Demand down 3.5% in October
FOR IMMEDIATE RELEASE 04 December 2019 No: 66 Geneva - The International Air Transport Association (IATA) released data for global air freight markets showing that demand, measured in freight
MoreIndonesia looks to attract more foreign investors by cutting red tape
President Jokowi recently announced Indonesia will remove licensing procedure formalities that have been hampering foreign investment and slowing down the country's growth. 17 All licensing in Indonesia is now being centralized through Indonesia's Investment Coordinating Board (BKPM). The news comes as the Jokowi administration has set its sights on improving the country's ranking in the World Bank's Ease of
MoreIndia to start construction of Wadhavan port by 2020
Gopal Krishna, secretary, Ministry of Shipping, today announced in a CII event that the Government of India intends to develop an all-weather port at Wadhavan, 140 kilometer north to Mumbai. The construction of the port will begin in 2020 and will have nine berths for large container ships. The government wants India to be one of the top ten global container port hubs. Krishna also said that the country is raising its ship recycling
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