Source: ALTA The Bolivian authorities refusal to engage in dialogue with the aviation industry presents an imminent issue, as operators in the country face the inability to access U.S. dollars in the local banking system to pay for fuel supplies The Bolivian authorities refusal to engage in dialogue with the aviation industry presents an imminent issue, as operators in the country face the inability to access U.S. dollars in the local banking system to pay for fuel supplies. The main challenge lies in the requirement to pay for this service in U.S. dollars rather than in bolivianos – the local currency used for ticket sales and thus the primary income source for operators in the country. This measure, within a context [...]

Source: ALTA The associations express their deep concern regarding the recent requirement by the fuel supplier to receive payments exclusively in U.S. dollars (USD) for fuel supply The Latin American and Caribbean Air Transport Association (ALTA) and the Bolivian Airlines Association (ALA Bolivia), on behalf of the airlines operating in Bolivia, express their deep concern regarding the recent requirement by the fuel supplier to receive payments exclusively in U.S. dollars (USD) for fuel supply. This measure, in a context of limited USD availability in the Bolivian banking system, poses a significant challenge to the continuity of air operations in the country. Acceptance of payments in Bolivianos (BOB) is crucial for the sustainability of the air sector in Bolivia For over [...]

Source: TIACA The International Air Cargo Association (TIACA) announced the results of the fifth edition of the Air Cargo Sustainability Awards, run in partnership with one of the leading industry IT solution providers CHAMP Cargosystems. The Awards aim to recognize outstanding businesses and industry initiatives seeking to make air cargo more sustainable.  There were two categories being judged, one for Start-Up/Small Business and the second for Corporate and established businesses. The jury, comprised of 5 industry leaders and sustainability champions include Chris McDermott, CHAMP Cargosystems; Liana Coyne, Coyne Airways; Andrea Tang, FIATA, Ariaen Zimmerman, ASA World and Patricia Varela, IATA. Jury members evaluated the submissions on a number of criteria, including impact on society and industry, ease of implementation, innovation and [...]

Source: IATA The International Air Transport Association (IATA) released data for September 2024 global passenger demand with the following highlights: Total demand, measured in revenue passenger kilometers (RPK), was up 7.1% compared to September 2023, an all-time high for September. Total capacity, measured in available seat kilometers (ASK), was up 5.8% year-on-year. The September load factor was 83.6% (+1.0ppt compared to September 2023). International demand rose 9.2% compared to September 2023. Capacity was up 9.1% year-on-year and the load factor rose to 83.8% (+0.1ppt compared to September 2023). Domestic demand rose 3.7% compared to September 2023. Capacity was up 0.7% year-on-year and the load factor was 83.3% (+2.4ppt compared to September 2023). “The year’s peak travel season ended with demand [...]