Airport tariff regulator AERA has fixed Rs 1,368 and Rs 342 per
international and domestic passenger as user development fee (UDF) and
other charges for Bangalore's Kempegowda airport but the airlines have
opposed the "over 100 percent" hike in tariff. Also Read: Govt unfolds
steps to upgrade infrastructure In a latest order, the Airports Economic
Regulatory Authority (AERA) also fixed charges for aircraft landing,
parking, housing and other charges from July 1 till March 31 next year
and higher tariff rates from April 1, 2015 till March end 2016. While
only UDF levels were lowered for 2015-16 to Rs1,226 for embarking
international passengers and Rs 306 for domestic passengers, all the
other tariffs were hiked for this period. Terming the move as "a double
whammy to Indian aviation", IATA's Regional Vice President (Asia
Pacific) Conrad Clifford said in a statement that international airlines
operating to Bangalore would now face "a steep increase in their
operating costs with a 145 per cent increase in landing charges and a
105 percent increase in parking charges".
Showing posts with label IATA. Show all posts
Showing posts with label IATA. Show all posts
Wednesday, 18 June 2014
Monday, 9 June 2014
Aviation Sector Value Not Well Understood by Governments: Global Airlines Body
New Delhi: Governments across the world have gained "substantially" from the airline industry, earning an estimated $121 billion in tax revenues this year alone, but the aviation sector's importance is "not well understood" by many of them, the International Air Transport Association has said.
This has forced global airlines' body IATA to appeal to the governments, including the Narendra Modi-led dispensation in India, to slash taxes, restrain private airport operators from levying high charges and relax "excessive" regulations in the aviation industry to maximise its full potential to generate economic growth.
This has forced global airlines' body IATA to appeal to the governments, including the Narendra Modi-led dispensation in India, to slash taxes, restrain private airport operators from levying high charges and relax "excessive" regulations in the aviation industry to maximise its full potential to generate economic growth.
Cut taxes, airport rates to boost growth, India told
Doha: The International Air and Transport Association (IATA) has proposed to India’s new government to reduce taxes, restrain private airport operators from levying high charges and relax “excessive” regulations in the aviation industry to generate economic growth.
“You are a sleeping economic giant and you have great opportunities that very few countries have,” said Akbar Al Baker, Qatar Airways’ chief executive officer and president of the 70th IATA assembly held here yesterday.
“You are a sleeping economic giant and you have great opportunities that very few countries have,” said Akbar Al Baker, Qatar Airways’ chief executive officer and president of the 70th IATA assembly held here yesterday.
Thursday, 5 June 2014
IATA stresses need to work on security in airline industry following MH370
Doha: The International Air Transport Association (IATA) said on Monday it expects airline companies to record combined net profits of $18-billion (R191bn at R10.66/dollar) this year.
Revenues were forecast to reach $746-billion (R7.9 trillion) IATA director general Tony Tyler said in Doha, pointing out that net margins stood to average 2.4% only.
"It sounds impressive. But the brutal economic reality is on revenues of $746-billion dollars we will earn an average net margin of just 2.4%," he said.
This amounted to less than $6 per passenger, added Tyler, who was speaking at an IATA-organised annual conference of the airline industry in the Qatari capital.
Revenues were forecast to reach $746-billion (R7.9 trillion) IATA director general Tony Tyler said in Doha, pointing out that net margins stood to average 2.4% only.
"It sounds impressive. But the brutal economic reality is on revenues of $746-billion dollars we will earn an average net margin of just 2.4%," he said.
This amounted to less than $6 per passenger, added Tyler, who was speaking at an IATA-organised annual conference of the airline industry in the Qatari capital.
Cut taxes and airport charges to help Indian airlines: IATA
The IATA today appealed to the Narendra Modi-led government to slash taxes, restrain private airport operators from levying high charges and relax "excessive" regulations in the aviation industry to maximise India's full potential to generate economic growth.
"You are a great country, a sleeping economic giant. You have great opportunities and capabilities that very few countries have. But unfortunately, the previous administration did not make the maximum use of the hidden Indian potential," Akbar Al Baker, CEO of Qatar Airways who is the President of the 70th International Air and Transport Association (IATA) assembly being held here said.
IATA wants Modi Govt to slash taxes, airport charges
Doha: Prime Minister Narendra Modi has another admirer. But this time, the admiration comes with a request — to allow Gulf-based carriers more flying rights.
The CEO of Qatar Airways, Akbar Al Baker, said he was touched by Modi’s speech after he was sworn in, when he said that “if each Indian takes one step forward, that will be 1.2 billion steps”.
For the aviation industry in India, the potential is so huge that even if you allot capacity to every airline that is applying to fly to India, you will still have load factors in excess of 80 per cent, said Al Baker, who is also President of the 70th IATA assembly here.
The CEO of Qatar Airways, Akbar Al Baker, said he was touched by Modi’s speech after he was sworn in, when he said that “if each Indian takes one step forward, that will be 1.2 billion steps”.
For the aviation industry in India, the potential is so huge that even if you allot capacity to every airline that is applying to fly to India, you will still have load factors in excess of 80 per cent, said Al Baker, who is also President of the 70th IATA assembly here.
Boost air travel: IATA
IATA on Monday appealed to the Narendra Modi-led government to slash taxes, restrain private airport operators from levying high charges and relax “excessive” regulations in the aviation industry to maximise India’s full potential to generate economic growth.
“You are a great country, a sleeping economic giant. You have great opportunities and capabilities that very few countries have. But unfortunately, the previous administration did not make the maximum use of the hidden Indian potential,” Akbar Al Baker, the chief executive officer of Qatar Airways, who is the president of the 70th international air and transport association assembly being held here said.
“You are a great country, a sleeping economic giant. You have great opportunities and capabilities that very few countries have. But unfortunately, the previous administration did not make the maximum use of the hidden Indian potential,” Akbar Al Baker, the chief executive officer of Qatar Airways, who is the president of the 70th international air and transport association assembly being held here said.
Tuesday, 3 June 2014
IATA meet to focus on MH370 disappearance, financial stress
Doha: Continuous tracking of aircraft following the mysterious disappearance of MH370, carbon- neutral air travel and financial stress hitting the airline industry would be the focus of debate among global aviation chiefs at the IATA meet starting here tomorrow.
At the three-day International Air Transport Association's (IATA) 70th Annual General Meeting and World Air Transport Summit, heads of over 300 airlines, aircraft manufacturers and other related organisations, would also deliberate on issues like the "economic shock" hitting the industry, high taxation and burgeoning fuel costs.
At the three-day International Air Transport Association's (IATA) 70th Annual General Meeting and World Air Transport Summit, heads of over 300 airlines, aircraft manufacturers and other related organisations, would also deliberate on issues like the "economic shock" hitting the industry, high taxation and burgeoning fuel costs.
Air India defends concessional tickets for employees
New Delhi: National passenger carrier Air India on Friday defended giving promotional tickets to its employees, saying that it is obliged to do so under an International Air Transport Association (IATA) resolution.
"Air India wishes to clarify that Air India`s employees passage scheme is in tune with the IATA resolution 788 which provides for giving free and reduced fare transportation to an employee of an air carrier or to the employee`s immediate family members," the airline said in a statement.
"Such passages are given only against vacant seats available and never at the cost of a revenue passenger, hence Air India does not lose anything on account of such concessional passages."
According to the airline, the employees who avail such facilities have to pay staff travel fare, passenger service fee and all taxes, including airport tax.
"Air India wishes to clarify that Air India`s employees passage scheme is in tune with the IATA resolution 788 which provides for giving free and reduced fare transportation to an employee of an air carrier or to the employee`s immediate family members," the airline said in a statement.
"Such passages are given only against vacant seats available and never at the cost of a revenue passenger, hence Air India does not lose anything on account of such concessional passages."
According to the airline, the employees who avail such facilities have to pay staff travel fare, passenger service fee and all taxes, including airport tax.
Subscribe to:
Comments (Atom)
