IATA names Cathay chief as Chairman
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The International Air Transport Association (IATA) has appointed Cathay Pacific Airways CEO Tony Tyler as Chairman of the Association’s Board of Governors.
Mr Tyler will serve as chairman for one year. His predecessor, Royal Jordan Airlines’ CEO Samer Majali, served from June last year said a press release.
IATA described Mr Tyler as a “32-year veteran of the air transport industry”, who has served as Cathay’s CEO since 2007.
Mr Tyler said: “The global economic meltdown is hitting the aviation industry hard. A toxic combination of low fares, a large drop in premium travel, and weak cargo loads is hitting the bottom line hard.
“IATA has some critical roles to play. It must protect the US$350 billion in industry cash flowing through its financial systems. It must also find even more efficiency gains-not just by airlines but throughout the industry value chain.”
Mr Tyler said much work was needed if the aviation industry was to go “carbon neutral” by 2020.
“As we move towards the climate change treaty negotiations in Copenhagen in December, our industry’s united four-pillar strategy on climate change makes us part of the solution,” he said.
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