New study finds that 81 per cent of capital markets investors expect to see more regional carriers receiving government bailouts. Fifty seven per cent predict the sector will be targeted by private equity as a recovery play.
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Airport crisis management
Ersin İnankul, Chief Digital and Commercial Officer at Istanbul Airport, speaks to International Airport Review about the airport’s quest to offer a completely seamless passenger experience through touchless technologies, artificial intelligence and biometrics.
With passenger numbers expected to be 47.3 per cent down by the end of 2021 compared to 2019, ACI World has predicted that global traffic may take up to two decades to return to previously projected levels.
Findings from an IATA survey have outlined that safety, operations and security will be the main areas where training will be required post-pandemic, once the workforce begins to return to the industry.
For International Airport Review, Luis Felipe de Oliveira, Director General of Airports Council International (ACI) World, discusses how there is no one-size-fits-all solution approach to recovery and that it will require heightened levels of collaboration and partnership among industry stakeholders in order to ensure success.
Despite still being far below 2019 levels, both international and domestic air travel demand experienced slight growth in May 2021 compared to the month prior.
After air cargo demand reached the highest level since records began in March 2021, the strong growth trend has continued into May 2021, with an increase of 9.4 per cent.
Health experts have stressed that the policy for face coverings to be worn on a 'personal choice' basis could cause a ‘setback’ for the aviation and travel industries to the start of the pandemic.
After becoming the first airport in the world to achieve the ACI Airport Health Accreditation in August 2020, Istanbul Airport has now become the first airport to be re-certified in 2021.
Neville Hay, Director of Brooklyn Associates, explains why now is the time for the aviation industry to invest in its workforce and embrace the opportunity that the pandemic has created to review and challenge its security practices.
In the next instalment of International Airport Review’s exclusive series, the Chief Executive Officer of London City Airport, Robert Sinclair, explains how the long-term approach applied to every aspect of the airport’s strategy and decision making will be key in its recovery.
A4E, ACI Europe, ERA and IATA have written to EU Heads of States calling for the harmonisation of EU Digital COVID Certificate verification standards and protocols.
New forecasts by ACI World outline that approximately $2.4 trillion in airport total capital investments will be needed to support the industry to 2040.
Mark Beveridge, Operations Director for Aberdeen International Airport, details how sustainability will be at the heart of the airport’s priorities as it recovers from COVID-19 in the latest instalment of International Airport Review’s exclusive series.