Airline industry not cash cow, IATA knocks group’s proposal for domestic revenue drive for developing nations

Airline industry not cash cow, IATA knocks group’s proposal for domestic revenue drive for developing nations

The International Air Transport Association (IATA) has expressed its deep disappointment at the recommendation of the Global Solidarity Levies Task Force (GSLTF) to target air transportation with its aim to “improve domestic revenue mobilization of developing countries and support international solidarity (in particular with regards to climate change mitigation and adaptation, pandemics and other development challenges).” A visibly upset Director-General of IATA, Willie Walsh said the airline industry is an economic catalyst, not a cash…

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Airline industry: Sinking funds into bottomless pit

Airline industry:  Sinking funds into bottomless pit

Warren Buffet in one of his popular quotes said the worst sort of business is one that grows rapidly, requires significant capital to engender the growth, and then earns little or no money. WOLE SHADARE writes why airlines are perennially troubled Perennial trouble Why are airlines perennially troubled? That is the question agitating the minds of many stakeholders. Amid the gloom, many are still interested in investing in the business only to express their frustrations and regrets…

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