The International Air Transport Association (IATA) released its financial outlook for the global air transport industry showing that airlines are expected to lose US$84.3 billion in 2020 for a net profit margin of -20.1%. Revenues will fall 50% to US$419 billion from US$838 billion in 2019. In 2021, losses...
The International Air Transport Association (IATA) released analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020.
$67 billion of the new debt is composed of government loans ($50 billion), deferred...
… Aviation minister to receive report and forward to President
The B&FT has gathered that the board of Ghana Airport Company Limited (GACL), chaired by Madam Oboshie Sai-Cofie, is to communicate a decision they reached on the impasse between staff of the company and its Managing Director (MD) Yaw Kwakwa...
Capt. Victor Kwesi Amoah touched on salient aviation issues as a preliminary to celebrating the 118th aviation exploration of the Wright Brothers. Answering the following questions, Capt. Amoah outlined the aviation industry’s significance both locally and globally.
Q: Why is the world coerced into celebrating Aviation?
A: The saying that ‘truth...
…flight to resume operation in Oct
The Minister for Transport, Kwaku Ofori Asiamah, has indicated that rehabilitation and expansion work on the first phase of Sunyani’s airport, is near complete (94 percent), and would be opened for flights to resume operation by end of October.
According to the minister, the first...