Corporate Affairs

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    Iata identifies key issues for airlines and governments for reopening air travel 

    The International Air Transport Association (Iata) has appealed to the world’s governments to work with the global airline industry – for which Iata is the representative body – to prepare for the restart of international air travel, once it had been determined that national borders could be safely reopened. Currently, many countries had severe restrictions on such travel, in an attempt to contain the Covid-19 pandemic and especially the new variants of the disease. Iata believed that such …

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    Iata identifies key issues for airlines and governments for reopening air travel 

    The International Air Transport Association (Iata) has appealed to the world’s governments to work with the global airline industry – for which Iata is the representative body – to prepare for the restart of international air travel, once it had been determined that national borders could be safely reopened. Currently, many countries had severe restrictions on such travel, in an attempt to contain the Covid-19 pandemic and especially the new variants of the disease. Iata believed that such …

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    Iata forecast that 2021 will be more gloomy for airlines than previously expected

    The representative body for the world airline industry, the International Air Transport Association (Iata), has become more pessimistic about the prospects for the sector during this year. Whereas, previously, it expected the airline industry to turn cash positive in the last quarter, now, it its latest forecast, it predicted that the sector would not turn cash positive until next year. Moreover, while Iata had previously forecast that the world’s airlines would burn $48-billion in cash this …

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    Iata forecast that 2021 will be more gloomy for airlines than previously expected

    The representative body for the world airline industry, the International Air Transport Association (Iata), has become more pessimistic about the prospects for the sector during this year. Whereas, previously, it expected the airline industry to turn cash positive in the last quarter, now, it its latest forecast, it predicted that the sector would not turn cash positive until next year. Moreover, while Iata had previously forecast that the world’s airlines would burn $48-billion in cash this …

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    JRA welcomes arrest of suspects as efforts to curb road infrastructure theft continue

    The Johannesburg Roads Agency (JRA), in partnership with the Johannesburg Metropolitan Police Department (JMPD), has announced that their collaboration has resulted in the arrest of two suspects posing as technicians of the agency.

    The JRA has partnered with the JMPD to intensify law enforcement in the city’s roads through increased police visibility in hotspot areas, thereby reducing theft and vandalism of roads infrastructure.

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    JRA welcomes arrest of suspects as efforts to curb road infrastructure theft continue

    The Johannesburg Roads Agency (JRA), in partnership with the Johannesburg Metropolitan Police Department (JMPD), has announced that their collaboration has resulted in the arrest of two suspects posing as technicians of the agency.

    The JRA has partnered with the JMPD to intensify law enforcement in the city’s roads through increased police visibility in hotspot areas, thereby reducing theft and vandalism of roads infrastructure.

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    Government commits to improving infrastructure spending

    The 2021 Budget, presented by Finance Minister Tito Mboweni on February 24, outlines that R93.1-billion has been earmarked for economic regulation and infrastructure, from consolidated government expenditure of R2.02-trillion each year over the medium term. To boost infrastructure spending, government plans to partner with the private sector, multilateral development banks and development finance institutions to augment its skills, expertise and funding.

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    Government commits to improving infrastructure spending

    The 2021 Budget, presented by Finance Minister Tito Mboweni on February 24, outlines that R93.1-billion has been earmarked for economic regulation and infrastructure, from consolidated government expenditure of R2.02-trillion each year over the medium term. To boost infrastructure spending, government plans to partner with the private sector, multilateral development banks and development finance institutions to augment its skills, expertise and funding.

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    Major client warns Boeing to fix problems with its 787s before designing a new type

    Global major commercial aircraft leasing company Air Lease Corporation has warned Boeing that the airframer must “get its house in order” regarding problems concerning the Boeing 787 production line. Until it does, the lessor would not be interested in buying any new type that manufacturer might wish to develop.  The warning was issued by Air Lease president and CEO John Plueger in an investors’ call on Tuesday. He said that there appeared to have been a mushrooming of issues on the 787 production line. These were now significantly delaying deliveries to Air Lease’s customers. In some cases these delays were as long as almost 12 months. If delays reached 12 months, Air Lease and its customers both had the right to cancel their orders with Boeing. And Air Lease had cancelled 737 MAX orders last year, on precisely this basis. 

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    Major client warns Boeing to fix problems with its 787s before designing a new type

    Global major commercial aircraft leasing company Air Lease Corporation has warned Boeing that the airframer must “get its house in order” regarding problems concerning the Boeing 787 production line. Until it does, the lessor would not be interested in buying any new type that manufacturer might wish to develop.  The warning was issued by Air Lease president and CEO John Plueger in an investors’ call on Tuesday. He said that there appeared to have been a mushrooming of issues on the 787 production line. These were now significantly delaying deliveries to Air Lease’s customers. In some cases these delays were as long as almost 12 months. If delays reached 12 months, Air Lease and its customers both had the right to cancel their orders with Boeing. And Air Lease had cancelled 737 MAX orders last year, on precisely this basis. 

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