Fatalities from jetliner crashes fell by almost 50 percent last year, buoyed by an improved record in Africa that made the region safer than former Soviet countries, the International Air Transport Association said.
Airline chiefs are as stunned as the public by the disappearance of a Malaysian airliner and the failure of efforts to locate the wide-body plane even after six days of searching, the head of industry group IATA said.
The International Air Transport Association said it will consult planemakers on increased use of real-time data transmissions that might have made it easier to locate the missing Malaysian Airline System Bhd. jetliner.
Airline earnings for 2014 will be $1 billion or 5 percent lower than previously predicted as political tensions drive up oil prices and growth in emerging markets slows, the International Air Transport Association said.
Archaic rules, taxes as high as those imposed on alcohol and an infrastructure deficit, especially in Asia, are curbing the aviation industry’s growth, the International Air Transport Association said.
Cathay Pacific Airways Ltd. Chief Executive Officer Tony Tyler will leave after three years in the job having navigated the slump, extended the carrier’s reach in China and outshone Singapore Airlines Ltd. in the stock market.
India’s aviation regulator needs to demonstrate it understands the technology behind new aircraft and it has the resources to ensure airlines follow safe practices, the U.S.Federal Aviation Administration said.