Wednesday, 18 April 2018

Obstructed Funds, Connectivity, Facilities, & Safety Top Program for Angola at the International Air Transport Association Day

LUANDA, Angola, January 19, 2018/APO Group/--

The International Air Transportation Association (IATA) anticipates a trebling in the size of Angola's air transportation market to 7.1 million guests a year by 2036 at the present forecast annual growth rate of 6.7 percent. Even faster growth with greater socio-economic benefits for Angola could be achieved if the nation opens up its market and prioritizes its participation in the continent-wide connection efforts, unclogs funds, seeks advice from with industry to enhance infrastructure and preserves world class security standards.

"Aviation is essential to Africa. It presently supports 6.8 million tasks and contributes $73 billion in GDP across the continent. It links individuals and services, allows trade and tourism, reunites friends and families, brings items to markets and vital medications and help to communities where they are required. Angola has to deal with industry to ensure that it is prepared to reap the future advantages of increased air connectivity," stated Alexandre de Juniac IATA's Director General and CEO, at IATA's Air travel Day in Luanda, Angola.De Juniac identified 4 pressing concerns in Angola and Africa which governments and market stakeholders need to address for a healthy and strong aviation system. They are:

Obstructed funds and denied access to forex in Africa is an increasing issue. In nine African countries, worldwide carriers are unable to repatriate their foreign currency profits, while locally-based airlines experience troubles making on-time foreign currency payments to their providers and organisation partners. "Angola and other nations blocking funds are going through substantial economic challenges. Obstructing airline companies' funds is not the response. It remains in everyone's interest to make sure that airlines are paid on-time, at fair currency exchange rate and in complete," explained de Juniac.

"IATA, with the industry, is working closely with the governments of Angola and other nations on ways to make these withheld funds offered. We welcome the dedication the other day by Angola's National Bank to work with IATA to discover a practical service to release blocked funds," he added.The second

concern is improving connectivity. Improved connection will promote demand and competition, making air travel more budget-friendly and in doing so, enable higher volumes of trade, tourist and commerce between Angola, her sibling nations and the rest of the world.IATA's recent study discovered that if 12 crucial African markets, consisting of Angola, were opened up, an additional 155,000 tasks and US$ 1.3 billion in yearly GDP would be created in those countries. In Angola, the advantage would be an additional 531,000 travelers taking to the skies, the production of 15,300 new jobs and the generation of US$ 137 million in extra GDP.IATA invites the impending launch of the Single Africa

Air Transportation Market (SAATM)by the African Union later on this month."By executing the SAATM, Africa has the potential for amazing social and economic transformation, but it is up to the market and every African government to totally embrace and put the task into action, if the complete benefits of air travel are to be recognized throughout Africa. We prompt Angola to sign up with the SAATM and not lose on the numerous opportunities of a connected continent,"said de Juniac.Efficient Infrastructure Expansion Modern infrastructure is critical for aviation to deliver its financial and social advantages. Luanda's new

worldwide airport will play a major role; nevertheless assessment is had to guarantee that it is aligned with airline company requirements. Airlines need airports that match demand with capability while delivering the functionality, levels of service, and efficiency to support operations and customer experience requirements now and in the future. All this should be delivered in a cost-effective manner. Unneeded capital financial investment causes greater costs for airline companies, which translate into greater expenses for travelers, resulting in decreased need for flight."Getting it ideal is critical, which is why we motivate Angola's authorities to engage with airlines as early as possible, so that user needs can assist the airport

's advancement. Amongst the products at the top of this agenda is the facility of a charges consultation procedure in line with the structure of the United Nations International Civil Air travel Company's(ICAO)suggested practices. Working together with users in a transparent and fair process is the best way to ensure the brand-new airport's success,"stated de Juniac.Safety is vital and has actually always been a challenge for Africa. With federal governments and industry working together significant improvements have actually been accomplished. In 2016, for example, there were no fatal

accidents or hull losses including sub-Sahara African set up airline company services. To sustain and additional enhance this security performance, continuous effort based on global requirements and finest practices is needed.Global standards underpin air travel security. A fine example is the IATA Operation Security Audit(IOSA). There are 33 sub-Saharan airline companies on the IOSA pc registry-- including TAAG Angolan Airlines. In 2016, IOSA registered airlines'safety performance was two times as excellent as those

providers which are not IOSA certified and this trend continues to improve. Determined between 2012-2016, IOSA registered African airlines carried out 7.5 times much better than non-IOSA carriers.As a worldwide requirement, IOSA can deliver improved safety benefits when embraced by governments as a requirement of their security oversight and licensing processes and we prompt Angola to follow this approach.In parallel, we prompt the Government of Angola to continue working to improve and boost its compliance with ICAO's safety regulative framework. To this day only 24 African states have actually executed at least 60 %of ICAO's Standards and Recommended Practices. Safety is a government duty. IATA is prepared to support Angolan efforts

to join this list. It( air travel)currently supports 6.8 million tasks and contributes $73 billion in GDP across the continent

Source

https://www.africa-newsroom.com/press/blocked-funds-connectivity-infrastructure-and-safety-top-agenda-for-angola-at-the-international-air-transport-association-day



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