Latest news with #WorldAirTransportSummit
Gulf Today
03-06-2025
- Business
- Gulf Today
Emirates, Air China ink MoU to explore enhanced partnership
Emirates and Air China have signed a Memorandum of Understanding to establish a strategic framework for expanding their existing reciprocal interline cooperation. The signing took place on the sidelines of the 81st Annual General Meeting (IATA AGM) and World Air Transport Summit (WATS) in New Delhi. The MoU was signed by Adnan Kazim, Emirates' Deputy President and Chief Commercial Officer and Yan Fei, Air China's Senior Vice President, Chief Commercial Officer, accompanied by senior executives from both sides. Adnan Kazim said, 'Our partnership with Air China commenced 26 years ago, and approximately 18,000 Emirates customers have benefited from the expanded connectivity offered through our interline agreement. Building on this success, we've recently announced the launch of two new Chinese cities—Shenzhen and Hangzhou—which will strengthen our East Asia operations." Yan Fei said, 'Air China highly values the cooperation with Emirates. The signing of this memorandum is an important milestone for the deepening of the cooperation between the two sides." Under the MoU, Emirates and Air China will explore a reciprocal codeshare on select routes across each other's networks. This would allow each airline to place its code on the other's flights on China-UAE trunk routes as well as beyond Beijing and Dubai to an expanded list of points. * Emirates and Air China will also develop a framework for cooperation across cargo operations and respective frequent flyer loyalty programme, enhancing their value proposition for both travellers and businesses. To further ensure seamless connectivity for customers, the two carriers will explore coordinating flight schedules or adjusting minimum connecting times. Once activated, customers of both airlines will benefit from a seamless booking process, single ticket itineraries and wider lounge access to new and exciting destinations. Beyond commercial cooperation, both carriers plan to exchange best practices in areas such as revenue management, data analytics, digitalisation, brand management and Sustainable Aviation Fuel (SAF), among others, through joint knowledge sharing and familiarisation visits. From 30th July, Emirates will operate 49 weekly flights to the Chinese mainland, including double daily services to Beijing and Shanghai as well as daily flights to Guangzhou, Shenzhen and Hangzhou. WAM
Business Standard
03-06-2025
- Business
- Business Standard
PM says India emerging as leading force in global space-aviation convergence
Prime Minister Narendra Modi on Monday addressed the International Air Transport Association's (IATA) 81st Annual General Meeting (AGM) and the plenary session of the World Air Transport Summit (WATS) in New Delhi. He highlighted India's emergence as a global leader in aviation and space convergence. PM noted that India is emerging as a leading force in the global space-aviation convergence. He described India as the world's third-largest domestic aviation market, with 240 million passengers annually, surpassing the population of most countries. By 2030, this figure is projected to reach 500 million, with air cargo expected to grow from 3.5 million metric tons to 10 million metric tons by the decade's end. PM Modi underscored the success of the UDAN scheme, which has enabled over 15 million passengers, many first-time flyers, to access affordable air travel, calling it a "golden chapter" in Indian aviation history. He highlighted the expansion of operational airports from 74 in 2014 to 162 today, with an annual passenger handling capacity of 500 million. Indian carriers have ordered over 2,000 new aircraft, signaling robust growth, while the Maintenance, Repair, and Overhaul (MRO) sector has grown from 96 facilities in 2014 to 154, bolstered by 100% FDI, GST reductions, and tax rationalization.
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Business Standard
03-06-2025
- Business
- Business Standard
Cost of air travel has dropped 40% over a decade, says IATA chief Walsh
Leaders from the global aviation sector gathered in New Delhi for the International Air Transport Association (IATA) Annual General Meeting and the World Air Transport Summit, held from June 1 to 3. This marked the first time in 42 years that the IATA AGM was held in India, the last being in 1983. IATA represents approximately 350 airlines, accounting for over 80 per cent of international air traffic. The 2025 event, hosted by IndiGo, welcomed around 1,700 participants from the aviation industry, government and media. According to IATA, India's aviation sector directly employs 369,700 individuals and contributes $5.6 billion to the country's gross domestic product (GDP). PM Modi highlights India's aviation transformation Addressing the IATA AGM, Prime Minister Narendra Modi said, 'Today, India is emerging as a global leader in space–aviation convergence.' He highlighted that India's civil aviation sector has undergone major transformation in the past decade. 'This summit and dialogue serve as a platform not only for aviation but also for advancing global cooperation, climate commitments and equitable growth,' he said. PM Modi added that the discussions would shape the future of global aviation and noted that 'the aspirations of the 21st century continue to evolve beyond conventional travel'. Emphasising the role of innovation, he said, 'As speed increases, distant destinations are becoming our destiny.' Airline profits projected to rise in 2025 IATA projected global airline profits will reach $36 billion in 2025, up from $32.4 billion in 2024. However, this falls slightly short of the $36.6 billion forecast made in December 2024. Director General Willie Walsh underscored that airspace should not be used in trade disputes. He also raised concerns about supply chain challenges, pointing to a backlog of 17,000 aircraft and 1,100 aircraft under 10 years old currently in storage. The global fleet replacement rate remains at 3 per cent. Total industry revenue is expected to rise to $979 billion in 2025—a 1.3 per cent increase over the previous year. Air cargo growth to slow amid trade restrictions IATA warned that a global GDP slowdown, largely due to protectionist trade measures such as tariffs, is likely to affect air cargo performance in 2025. Growth in air cargo is forecast to decline to 0.7 per cent, down from 11.3 per cent in 2024. Cargo yields are expected to fall by 5.2 per cent, impacted by softer demand growth and lower oil prices. Nonetheless, cargo demand saw a 5.8 per cent year-on-year increase as of April 2025. IATA also flagged ongoing uncertainty related to global trade tensions. Despite persistent tax and cost pressures, the real cost of air travel has fallen by 40 per cent over the last decade. Walsh commented, 'The litmus test for any regulation is cost–benefit analysis. As business leaders, we take this much more seriously than regulators. They are not playing with their own money, and the difference between political success and solving a problem is often wide. That makes bad regulation far too prevalent.' IATA also raised concerns about India's complex taxation system, calling for greater clarity for airlines operating in the country. These remarks come in light of recent tax notices issued to foreign carriers. Speaking at the AGM, Walsh said India's aviation market is expected to grow at a faster rate than China's. Airlines are expanding their fleets and networks to meet rising demand.
Hi Dubai
03-06-2025
- Business
- Hi Dubai
Emirates and Air China Strengthen Partnership with New Strategic Agreement
Emirates and Air China have signed a Memorandum of Understanding (MoU) to expand their longstanding partnership, aiming to boost connectivity, cooperation, and customer experience across both airlines' networks. The agreement was signed during the 81st IATA Annual General Meeting and World Air Transport Summit in New Delhi by Adnan Kazim, Emirates' Deputy President and Chief Commercial Officer, and Yan Fei, Air China's Senior Vice President and Chief Commercial Officer, alongside senior executives from both carriers. The MoU sets the stage for a potential reciprocal codeshare on select routes, allowing each airline to place its code on the other's flights. This would apply not only to China–UAE trunk routes but also to additional destinations beyond Beijing and Dubai. 'This partnership began 26 years ago and has benefited around 18,000 Emirates customers through enhanced connectivity,' said Kazim. 'Our recently announced services to Shenzhen and Hangzhou will further strengthen our presence in East Asia.' Air China's Yan Fei called the MoU a key milestone in deepening the cooperation between the two airlines, underlining the strategic value of the partnership. The agreement also includes plans to collaborate on cargo operations, frequent flyer programmes, and customer experience enhancements. These may include coordinated flight schedules, streamlined booking processes, and shared lounge access. Both carriers will also work together on areas such as revenue management, digitalisation, data analytics, brand development, and Sustainable Aviation Fuel (SAF), reinforcing their commitment to innovation and sustainability. Starting 30 July, Emirates will operate 49 weekly flights to mainland China, including services to Beijing, Shanghai, Guangzhou, Shenzhen, and Hangzhou. News Source: Emirates News Agency
Al Etihad
03-06-2025
- Business
- Al Etihad
Emirates, Air China ink MoU to explore enhanced partnership
3 June 2025 13:24 DUBAI (WAM) Emirates and Air China have signed a Memorandum of Understanding to establish a strategic framework for expanding their existing reciprocal interline signing took place on the sidelines of the 81st Annual General Meeting (IATA AGM) and World Air Transport Summit (WATS) in New MoU was signed by Adnan Kazim, Emirates' Deputy President and Chief Commercial Officer and Yan Fei, Air China's Senior Vice President, Chief Commercial Officer, accompanied by senior executives from both said, "Our partnership with Air China commenced 26 years ago, and approximately 18,000 Emirates customers have benefited from the expanded connectivity offered through our interline agreement.""Building on this success, we've recently announced the launch of two new Chinese cities—Shenzhen and Hangzhou—which will strengthen our East Asia operations."Yan Fei said, 'Air China highly values the cooperation with Emirates. The signing of this memorandum is an important milestone for the deepening of the cooperation between the two sides."Under the MoU, Emirates and Air China will explore a reciprocal codeshare on select routes across each other's networks. This would allow each airline to place its code on the other's flights on China-UAE trunk routes as well as beyond Beijing and Dubai to an expanded list of and Air China will also develop a framework for cooperation across cargo operations and respective frequent flyer loyalty programmes, enhancing their value proposition for both travellers and further ensure seamless connectivity for customers, the two carriers will explore coordinating flight schedules or adjusting minimum connecting times. Once activated, customers of both airlines will benefit from a seamless booking process, single ticket itineraries and wider lounge access to new and exciting commercial cooperation, both carriers plan to exchange best practices in areas such as revenue management, data analytics, digitalisation, brand management and Sustainable Aviation Fuel (SAF), among others, through joint knowledge sharing and familiarisation visits. From July 30, Emirates will operate 49 weekly flights to the Chinese mainland, including double daily services to Beijing and Shanghai as well as daily flights to Guangzhou, Shenzhen, and Hangzhou.
