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Articles by IATA Warns
Aircraft Delivery Crisis Compounds Airline Industry Woes, IATA Warns
Tashkent, Uzbekistan (UzDaily.com) — A backlog of more than 18,000 undelivered aircraft — equivalent to over half the world's active commercial fleet — is crippling aviation's ability to cut costs, reduce emissions, and grow capacity, the International Air Transport Association warned at its annual general meeting in Rio de Janeiro on Sunday, 7 June.
Aircraft Delivery Crisis Compounds Airline Industry Woes, IATA Warns
Tashkent, Uzbekistan (UzDaily.com) — A backlog of more than 18,000 undelivered aircraft — equivalent to over half the world's active commercial fleet — is crippling aviation's ability to cut costs, reduce emissions, and grow capacity, the International Air Transport Association warned at its annual general meeting in Rio de Janeiro on Sunday, 7 June.
Companies Leaving EU Due To Loss Of Energy Supplies From Russia - Slovakian Lawmaker
BRATISLAVA (Slovakia), April 20 (RIA Novosti) -- European industry was built on stable energy supplies from the East, but without them, production is shifting outside the EU, so continued energy supplies from Russia could preserve jobs and production within Europe, Slovak Parliament Deputy Speaker Tibor Gaspar told RIA Novosti. "Russian resources have long been cheaper than alternatives. Their return would reduce pressure on industry, inflation, and households.
Twenty-Seven Cases Of Fuel-Related Violations Filed In The Philippines – PNP
MANILA, April 19 (Bernama-PNA) -- At least 27 cases have been filed for fuel hoarding and profiteering violations in the Philippines, the Philippine News Agency (PNA) reported, citing the Philippine National Police (PNP) news release. Since March, authorities have filed seven cases of hoarding, one case of profiteering, and 19 other offences involving illegal storage, transport, and trading of petroleum products.
HRD Corp Completes Comprehensive Reset, Strengthens Oversight And Delivery
KUALA LUMPUR, April 17 (Bernama) -- The Human Resource Development Corporation (HRD Corp) has completed a comprehensive organisational reset, marking a strategic shift towards execution and delivery in line with the national agenda for a resilient workforce.
Oil Prices Sink Over 11 Pct On Hopes For End To Iran War As Tehran Signals Hormuz Passage Is Open
ISTANBUL, April 17 (Bernama-Anadolu) -- Oil prices sank more than 11 per cent on Friday as growing expectations of a possible US-Iran deal to end the war eased concerns over prolonged supply disruption in West Asia.
PKR Welcomes Kedah’s Move Towards Prudent Spending
ALOR SETAR, April 17 (Bernama) -- Parti Keadilan Rakyat (PKR) has welcomed Kedah Menteri Besar Datuk Seri Muhammad Sanusi Md Nor’s decision to implement cost-saving measures in state financial management. PKR Kedah communications director Tunku Nashrul Abaidah said the move reflected a stance aligned with the approach emphasised by Prime Minister Datuk Seri Anwar Ibrahim. “The policy is aimed at managing state finances as well as addressing cost pressures and the global energy crisis.
Vale Names Edwin Gerard As CEO Of Its Malaysian Unit
KUALA LUMPUR, April 17 (Bernama) -- Brazilian mining company Vale SA has appointed Edwin Gerard as chief executive officer (CEO) of its Malaysian subsidiary, Vale Malaysia Minerals Sdn Bhd. In a statement, it said Gerard has over 25 years of international experience in large-scale port operations, logistics and infrastructure management, having held senior leadership roles across Oman, Nigeria, Egypt, Turkiye and Malaysia.
Europe May Face Flight Cancellations By End Of May Over Jet Fuel Shortages, IATA Warns
ISTANBUL, April 17 (Bernama-Anadolu) -- The International Air Transport Association (IATA) warned on Friday that Europe could see flight cancellations by the end of May because of jet fuel shortages, as supply disruptions linked to the West Asia conflict continue to strain global markets. “The International Energy Agency's (IEA) assessment of potential jet fuel shortages is sobering,” IATA Director General Willie Walsh said in a statement, according to Anadolu Ajansi.
Truck Driver Fined in Syrdarya Region for License Plate “FARRUX”
Tashkent, Uzbekistan (UzDaily.com) — In Syrdarya Region, traffic police officers of the Department of Internal Affairs identified the driver of a ZIL-53 truck who was using a self-modified license plate reading “FARRUX.” According to the man, he changed the plate out of curiosity, not realizing that this constituted a violation of the law. An administrative report has been filed against the driver, and the vehicle has been temporarily impounded at a penalty lot.
IATA: Slow Implementation of CORSIA Threatens Aviation’s Net-Zero CO2 Goals
Tashkent, Uzbekistan (UzDaily.com) — The CORSIA program (Carbon Offsetting and Reduction Scheme for International Aviation) remains a key tool for the aviation industry to achieve net-zero CO2 emissions by 2050. However, its practical implementation is proceeding at an extremely slow pace. As Mary Owens Thomsen, IATA Senior Vice President for Sustainability and Chief Economist, explained, CORSIA was adopted in 2016 under the auspices of ICAO.
IATA Warns of Sustainable Aviation Fuel Shortage and Calls for Government Incentives
Tashkent, Uzbekistan (UzDaily.com) — Sustainable aviation fuel (SAF) is becoming a key element in the aviation sector’s strategy to achieve net-zero CO2 emissions by 2050. According to IATA leaders Willie Walsh and Mary Owens Thomsen, SAF could account for up to two-thirds of the required emissions reductions. However, current fuel production levels remain far below what is needed. “We are disappointed by the pace of SAF production,” emphasized IATA Director General Willie Walsh.
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