GENEVA, BTNp: THE INTERNATIONAL Air Transport Association (IATA) announced that it has completed the annual revision of its air transport industry manuals for cargo, ground handling, and operations, thus incorporating the updates made to many of the underlying industry standards over the past year. These revisions reflect the sector’s commitment to further improving safety, introducing…
2023 global growth to slow to 1.7% from 3% expected six months ago WASHINGTON, BTNp: – GLOBAL growth is slowing sharply in the face of elevated inflation, higher interest rates, reduced investment, and disruptions caused by Russia’s invasion of Ukraine, according to the World Bank’s latest “Global Economic Prospects” report. Given fragile economic conditions, any new…
GENEVA, BTNp: THE INTERNATIONAL Air Transport Association (IATA) announced that the air travel recovery continued through November 2022. Total traffic in November 2022 (measured in revenue passenger kilometers or RPKs) rose 41.3% compared to November 2021. Globally, traffic is now at 75.3% of November 2019 levels. International traffic rose 85.2% versus November 2021. The Asia-Pacific…
CAMBODIA, BTNp: SENIOR officials and travel industry players are eager to draw in mainland Chinese visitors to Cambodia after Beijing on January 8 reopened to inbound and outbound tourism, scaling back COVID-19 entry and exit restrictions. According to The Phnom Penh Post, Beijing’s move comes amid concerns that spiralling coronavirus infections in China following the…