IATA – InfoStride News

Air Travel Demand on the Rise – Here’s Why (IATA Data)

Temitope Nlewemchi — Fri, 07 Jun 2024 09:03:29 +0000

The International Air Transport Association (IATA) has revealed that passenger demand has been on a consistent upward trajectory for 36 consecutive months. The IATA Passenger Survey highlights that 88% of respondents believe that “air travel makes my life better.” Willie Walsh, IATA’s Director General, commented on this positive sentiment: “As our members prepare for the [...]

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IATA Reveals $19 Million Yet to Be Cleared in Nigeria

Temitope Nlewemchi — Sun, 02 Jun 2024 21:16:55 +0000

The International Air Transport Association (IATA) disclosed on Sunday that $19 million remains uncleared in Nigeria due to the Central Bank’s ongoing verification of outstanding forward claims filed by commercial banks. According to IATA, in June 2023, Nigeria’s blocked funds amounted to $850 million, significantly impacting airline operations and finances in the country. The organization [...]

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IATA Highlights Lingering Aviation Setback Post-Pandemic

Temitope Nlewemchi — Wed, 29 Nov 2023 20:36:16 +0000

InfoStride News reports that, according to the International Air Transport Association (IATA), the global aviation sector is still grappling with the aftermath of the COVID-19 pandemic, which severely impacted flight operations across the world. In 2020, Africa experienced substantial losses in the aviation sector, amounting to an estimated $7.7 billion. Governments implemented strict restrictions to [...]

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IATA Announces Airlines’ $45 Billion Commitment in SAF Forward Purchase Deals

Temitope Nlewemchi — Sat, 25 Nov 2023 20:31:42 +0000

InfoStride News reported that during the Third Conference on Aviation Alternative Fuels (CAAF/3) in Dubai, the International Air Transport Association (IATA) revealed that global Sustainable Aviation Fuel (SAF) forward purchase agreements valued at $45 billion have been established by airlines. The conference primarily focused on the crucial role of governments in facilitating aviation’s decarbonization through [...]

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Airlines looks to end to travel restrictions, border closure

Temitope Nlewemchi — Sat, 26 Mar 2022 23:43:09 +0000

World airlines have welcomed the increasing momentum towards re-opening of borders and relaxation of travel restrictions, as COVID-19 moves into the endemic phase. The airlines under the aegis of International Air Transport Association (IATA) said there is sufficient evidence to show that testing and quarantine are no longer scientific barriers against COVID-19 infection. An IATA [...]

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CBN calls for support of IATA to end ‘ticket renting’ in Nigeria

Temitope Nlewemchi — Fri, 24 Sep 2021 22:19:28 +0000

The Central Bank of Nigeria (CBN) has beckoned on the support of the International Air Transport Association (IATA) to put an halt to ‘Ticket renting’ in Nigeria. Ticket renting is a nefarious activity where air tickets are being given out to unscrupulous persons for the fraudulent purchase of BTA and then voided once the economic [...]

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Foreign airlines kick over inability to repatriate $143.8 million

Temitope Nlewemchi — Fri, 20 Aug 2021 21:09:57 +0000

Foreign airlines operating in and out of Nigeria have complained over difficulties in repatriating accumulated funds, now in excess of $143.8 million. The airlines, under the aegis of International Air Transport Association (IATA), said the stuck funds have further made recovery difficult for struggling carriers. Though not peculiar to Nigeria, the funds were from tickets [...]

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OpenJaw Technologies Announces Support for IATA NDC in Latest t-Retail Platform Release [Press Release]

Susan William — Sat, 11 Jun 2016 07:00:00 +0000

OpenJaw Technologies Announces Support for IATA NDC in Latest t-Retail Platform Release t-Retail Platform Release (16A) delivers dynamic, data-driven retailing through indirect channel using the IATA New Distribution Capability (NDC) standard; now airlines can seamlessly merchandise their full proposition, through both the direct and indirect channels, from a single e-Commerce platform Dublin, Ireland, June 11, [...]

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