“Protectionism could derail successful international joint ventures.However, it is “a challenging industry to operate”, he said, adding “high taxes, costly and ill-conceived regulation, infrastructure capacity constraints, market shifts and the demands of labour are the ‘normal&auto door seal Suppliers39; repertoire. That directly supports 63 million jobs and improves the quality of life for all,” de Juniac said. And trust among nations is showing fragility,” the IATA chief said.
Airlines would make nearly USD 40 billion this year as passenger demand is expected to grow 7 per cent and cargo by 4 per cent..“Every day, goods, people, investment and ideas are connected by aviation.“On aviation's core mission to deliver safe, secure, accessible and sustainable connectivity, the state of our industry is strong and getting stronger.However, despite such a scenario, the aviation industry's financial foundation has “grown stronger”, he said, projecting that the airlines would make nearly USD 40 billion this year as passenger demand is expected to grow 7 per cent and cargo by 4 per cent. I will say it proudly again, we are the business of freedom,” de Juniac said.“The forces of protectionism are gathering strength.He said airlines flew over four billion passengers in 2017 while more than 60 million tonnes of cargo was delivered by air, accounting for a third of the value of goods traded globally.
In Other News India flouting global laws by taxing international air tickets: IATA PTI Published: Jun 4, 2018, 12:14 pm IST Updated: Jun 4, 2018, 12:14 pm IST Airlines flew over four billion passengers in 2017 while more than 60 million tonnes of cargo was delivered by air.. Smarter regulation needs to counter the trend of creeping re-regulation. And fuel costs are expected to be up 25 per cent on 2017,” he said.Asserting that India was taxing international tickets in contravention of the resolutions of the UN body International Civil Aviation Organisation (ICAO), de Juniac said, “India helped develop ICAO resolutions prohibiting tax on international tickets.The Indian government had announced the implementation of the GST from July 1, 2017.”“Yet it persists in taxing international travel,” he said, apparently referring to the imposition of Goods and Services Tax (GST) and enhancement of its rates on international air tickets, especially business class. Global standards must be maintained by the states that agreed (upon) them. The spectre of trade war looms.
And with 'normal' levels of profitability we are spreading aviation's benefits even more widely. Sanctions, tariffs and geopolitical conflicts are the mainstay of daily news. How? By building the partnerships and understanding needed to further the reach and expand the benefits of the amazing industry..De Juniac was presenting a report on the air transport industry at the opening session of the 74th IATA Annual General Meeting and World Air Transport Summit, which began here today. Debates on migration and immigration rage. It is unacceptable that global standards are being ignored by the very governments that created them,” IATA's Director General and CEO Alexandre de Juniac said. The tax covers airline products and services including tickets, ancillary, change, refund and other products and fees.“But there are challenges.“We must take governments to task. # Sydney: The International Air Transport Association (IATA) on Monday castigated India for taxing international tickets, as it asked governments to facilitate the growth of worldwide connectivity by avoiding creeping re-regulation, maintaining the integrity of global standards and addressing a capacity crisis.Alluding to the recent announcements by the Trump administration in the US on imposition of hefty tariffs on import of steel and other products, he warned that “the spectre of a trade war looms” which would hit the aviation industry as well, specifically in terms of cargo movements and business travel. We will meet them head-on.“There are challenges. And we need to find efficient solutions to the looming capacity crisis,” he said
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