Korean Air has completed its acquisition of Asiana Airlines, four years after announcing its decision on November 16, 2020. On December 12, Korean Air acquired 131,578,947 newly issued shares of Asiana Airlines, representing a 63.88% ownership stake and making Asiana Airlines a subsidiary of Korean Air. The completion follows Korean Air’s payment of KRW 800 […]
The International Air Transport Association (IATA) released data for October 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPK), was up 7.1% compared to October 2023. Total capacity, measured in available seat kilometers (ASK), was up 6.1% year-on-year. The October load factor was 83.9% (+0.8ppt compared to October […]
The International Air Transport Association (IATA) released data for October 2024 global air cargo markets showing continuing strong annual growth in demand. Total demand, measured in cargo tonne-kilometers (CTKs*), rose by 9.8% compared to October 2023 levels (10.3% for international operations) for a 15th consecutive month of growth. Capacity, measured in available cargo tonne-kilometers (ACTKs), […]
U.S. Customs and Border Protection (CBP) announced today that Japan is now an official Global Entry partner country, marking a significant step in strengthening travel and security cooperation between the two nations. “This agreement reflects our shared commitment to facilitating secure and efficient travel while enhancing border security and supporting airport modernization efforts for both […]
ASA WORLD, the association representing aviation service providers, just released a state of the industry report in collaboration with Steer, a renowned consultancy. This report marks a significant step forward for the sector, offering an objective analysis of its challenges and opportunities while proposing actionable solutions to build a more resilient and sustainable future. In […]
Wizz Air, EMEA’s most environmentally sustainable airline [1], today celebrates the milestone that 100 million passengers have travelled through its UK network, contributing to record network numbers. To mark the occasion, the airline has launched its “100 Million Memories” campaign. This includes an Instagram competition that gives ten lucky UK residents the chance to win […]
The International Air Transport Association’s Wings of Change Europe (WOCE) event concluded with a call for industry and governments to work together with practical actions to make Europe more competitive and sustainable. Highlights included: In his keynote, Filip Cornelis, Director for Aviation, DG MOVE, European Commission, explained that the new Commission would likely offer continuity […]
ACI EUROPE today engaged with the government of Türkiye to review and address the challenges faced by the country in sustainably developing air connectivity to further contribute to its economy and global positioning. Meeting with his Excellency Mr Abdulkadir Uraloğlu, Minister for Transport and Infrastructure, the Director General of ACI EUROPE, Olivier Jankovec pointed to […]
The Canadian Air Transport Security Authority (CATSA) is pleased to launch its Strategic Plan 2024-2029 , which will guide the organization’s key activities over the next five years. The plan is the result of a collaborative effort, bringing together invaluable knowledge and expertise from the CATSA workforce and Board of Directors, industry and community partners […]
The European aviation industry has sent an open letter to the EU institutions and Member States urging them to prioritise aviation’s decarbonisation through a dedicated Industrial Strategy as part of the Clean Industrial Deal. This should encompass key recommendations from the Draghi Report on the bloc’s competitiveness. The industry — represented by the DESTINATION 2050 […]
