UrbanV, the Italian vertiport network operator and Korea Airports Corporation (KAC), as the operator of 14 airports nationwide, being also at the forefront of Advanced Air Mobility (AAM) vertiport initiatives, signed an agreement to develop vertiport networks and create an AAM ecosystem. The cooperation, in fact, will also create potential synergies in future overseas Urban […]
The Federal Aviation Administration (FAA) is awarding $970 million from President Biden’s Bipartisan Infrastructure Law to 125 U.S. airports, spanning 46 states, Guam, and Palau. The announcement on October 24th, 2024, is the fourth investment of nearly $1 billion, furthering the Biden-Harris Administration’s commitment to rebuilding our nation’s infrastructure while lowering costs for families, creating […]
The International Air Transport Association (IATA) and the Airport Services Association (ASA) are strengthening their collaboration to improve ground handling safety and efficiency. Together, the organizations will work to reinforce standardization, promote safety data sharing, and explore new approaches to enhance sector resilience. “Global standards make aviation safer, and ASA and its members have been […]
The topic of rising airfare trends was one of the focal points of discussions among airport leaders during the Board Meeting of the Airports Council International Asia-Pacific & Middle East (ACI APAC & MID), hosted by Cambodia Airports, in Phnom Penh. The airfare study, undertaken by ACI APAC & MID, in partnership with Flare Aviation […]
Julian Gregory, the CEO of Business Traveller presented the “Best Independent Airport Lounge” award to the Plaza Premium Group. From left to right: John Girard, General Manager, Hong Kong Operations of Plaza Premium Group; Julian Gregory, CEO of Business Traveller ; Mei Mei Song, Chief Transformation Officer of Plaza Premium Group ; Jonathan Song, Chief […]
The International Air Transport Association (IATA) released data for September 2024 global air cargo markets showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 9.4% compared to September 2023 levels (10.5% for international operations) for a 14th consecutive month of growth. Capacity, measured in available cargo tonne-kilometers (ACTKs), […]
Siemens Logistics to be sold to Vanderlande for €300 million Transaction expected to close in the course of calendar year 2025 For Siemens, another step in portfolio optimization as a leading technology company Siemens AG has agreed to sell its Siemens Logistics business to Vanderlande, a company owned by Toyota Industries Corporation. Vanderlande is a […]
The International Air Transport Association (IATA) and its partners have successfully demonstrated that the industry is ready to deliver a fully digital air travel experience. This was achieved in a proof-of-concept (PoC) involving two passengers using different digital wallets and travel credentials on a round-trip between Hong Kong and Tokyo. IATA partnered with Cathay Pacific, […]
The International Air Transport Association (IATA) announced that it will offer digital currencies in the financial settlement systems it operates for the aviation industry. “Digitalization impacts many aspects of our daily lives, including the currency we use. With the increasing use of digital currencies, it is imperative that IATA’s industry financial settlement systems adapt to […]
Partners to explore co-development of higher temperature fuel cell technologies for aerospace applications and beyond. ZeroAvia today announced that it has signed a new Memorandum of Understanding (MOU) with PowerCell Group to collaborate on next generation fuel cell technologies. Joint R&D will focus on intermediate and high temperature fuel cells which will open up more […]
