Geneva - The International Air Transport Association (IATA) announced that the Passenger Agency Conference (PAConf), composed of IATA’s member airlines, adopted Resolutions for the full implementation of the New Generation of IATA Settlement Systems (NewGen ISS) initiative. NewGen ISS represents the most extensive and ambitious modernization of the IATA Billing and Settlement Plan (BSP) since it was created in 1971 to facilitate the global distribution and settlement of funds between travel agents and airlines. Last year, the BSP processed $219 billion in airline funds with 100% on-time settlement.

The International Air Transport Association (IATA) and the African Development Bank (AfDB) have signed a memorandum of understanding (MoU) to establish a framework for collaboration to boost the aviation sector in Africa.

Summary

The comparison figures for period ended 30 September 2016 are stated in parenthesis.

 

Further SharpEye™ order for Pakistan Navy Submarine upgrade


 Turkey is an important hub for business in Eurasia
 Digitization and Chinas Silk Road initiative create new opportunities
 150 exhibitors and about 13,700 participants

Despite a significant fall in youth unemployment since the height of the economic crisis in 2009, persistent unemployment and a lack of quality job opportunities continue to hamper young people’s quest for decent work.

Russian carrier UTair has appointed TEK Poseidon – the Russian member of the 1GSA network - as its cargo sales agent for services from its Moscow Vnukovo hub, and its stations in Riga (Latvia) and Tashkent (Uzbekistan).

Buenos Aires – The International Air Transport Association (IATA) announced new data showing that aviation and aviation-induced tourism contribute $9.6 billion to Argentina’s economy and support 300,000 jobs, equivalent to 1.7% of the country’s GDP.

 

Quote of the week:
"We must believe in luck. For how else can we explain the success of those we don't like?"
Jean Cocteau (5 July 1889 – 11 October 1963) - French poet, novelist, dramatist, designer, boxing manager, playwright and filmmaker.

Port of Hamburg set to profit from CETA free trade agreement with Canada.


Inaugural TOC Africa conference to explore the role of the public and private sectors in boosting Africa’s trade competitiveness and debate the role and demands of technology-led innovation in logistics and transport

Hong Kong Air Cargo Terminals Limited (Hactl) broke no less than three records in the first week of November.

Digital Ship’s Maritime CIO Forum Shanghai has been developed to address the issues and trends that technology leaders face in an increasingly changing and continuously developing business environment. Digital Ship is excited to be heading to Shanghai, for the first time, to deliver our Maritime CIO Forum where the focus will be on Smart Shipping and the impact of innovation and digital advancement in the maritime industry and the future of shipping.

Abu Dhabi – The International Air Transport Association (IATA) called for aviation security to be further strengthened by addressing four key areas;

 

The magazine SEA has been published since 1935
International business magazine JŪRA MOPE SEA has been published since 1999
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The magazine JŪRA has been published since 1935.
International business magazine JŪRA MOPE SEA has been
published since 1999.

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