Airline Finance News.Dec 31, 2006 IATA IATA International Air Transport Association, which sets the rules for air transport, including those concerning air transport of animals. DG and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Giovanni Bisignani Giovanni Bisignani is the Director General of the International Air Transport Association, appointed in 2002. Bisignani is the former chairman of Italy's flagship airline Alitalia. said he would not hesitate to exclude or eject airlines from the association if they are not IOSA IOSA Iata Operational Safety Audit IOSA Islands' Oil Spill Association (San Juan County, WA) IOSA Internet and Open Source in Archaeology IOSA International Oil Scouts Association IOSA International Organizational Studies Association certified See certification. by Dec. 31, 2007. All carriers not yet certified must have contracted an audit by the end of this month "or they are out of IATA. Full stop," he said, confirming that he will send out letters in the coming weeks to members that have not yet committed to IOSA certification. Some 97% of IATA members are in the IOSA process and 105 already are on the registry, along with 21 nonmembers. "Our goal is not to reduce our membership, but to improve safety," Bisignani noted, revealing that the IATA board recently decided to raise its safety target. IATA now aims to reduce the accident rate a further 25% by the end of 2008 to 0.49 accidents per million sectors flown. It appears that 2006 will post the lowest accident rate ever; as of the end of November the rate was 0.65 hull losses per million flights by Western-built jets compared to 0.76 in 2005. Twenty-two fatal accidents by both Western and non-Western aircraft have resulted in 864 fatalities this year. IATA members scored significantly better than the industry average with 0.29 accidents per million flights by Western jets. Dec 18, 2006 Z Editor: Aram Gesar, eMail: edit@AirGuideOnline.com For more global news, reviews, features and analysis, please go to: http://www.airguideonline.com/onlinenews.htm To Subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com Dec 11, 2006 |
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