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Apr282020 by Joshua OlotuNo Comments

Airlines, workers rally governments to save 25 million aviation jobs

Aviation

The International Transport Workers’ Federation (ITF) and the International Air Transport Association (IATA) have urged governments to support the aviation industry by protecting 25 million jobs and sustaining air transport services. The call is coming a day after the Airline Operators of Nigeria (AON) called for intervention funds at less than five per cent subsidy and waivers to keep the distress carriers afloat. At the weekend, Arik Air slashed April salaries by 80 per cent, while 90 per cent of the workforce was made to proceed on vacation without pay. Indeed, the economic situation facing the aviation industry is severe. Global air passenger demand is down 80 per cent. Airlines are facing a liquidity crisis, which threatens the viability of 25 million jobs directly and indirect...

IATA Predicts 55% Drop in Airlines’ Revenue

Business

The International Air Transport Association (IATA) has released updated analysis showing that the COVID-19 crisis is estimated to see airlines’ passenger revenue drop by $314 billion in 2020, a 55 per cent decline compared to 2019. This is just as IATA said government’s financial relief for airlines would be critical policy measure to safe the airlines. On March 24, IATA had estimated $252 billion in lost revenues (-44 per cent vs. 2019) in a scenario with severe travel restrictions lasting three months. The world body said the updated figures reflected a significant deepening of the crisis since then and reflected parameters which included: severe domestic restrictions lasting three months, some restrictions on international travel extending beyond the initial three months, worl...

Airlines, shippers rally governments to new safety procedure for crew

Aviation

The International Air Transport Association (IATA) and the International Chamber of Shipping (ICS) have called on governments to take urgent measures to facilitate crew change flights for seafarers. Due to the COVID-19 restrictions, seafarers have had to extend their service on-board ships after many months at sea, unable to be replaced following long tours of duty or return home. Indeed, shipping is vital to the maintenance of global supply chains, but the current situation is unsustainable for the safety and wellbeing of ships’ crews and the safe operation of maritime trade. Each month, about 100,000 merchant seafarers need to be changed over from the ships on which they operate to ensure compliance with international maritime regulations protecting safety, health and welfare. ...