Business: Good week - Bad week

Good Week

© IATA

IATA The International Air Transport Association has for the first time got all members - now 224, which it claims make up 93% of international scheduled traffic-into its IOSA safety audit scheme. Ten airlines have been ousted for missing deadlines and eight resigned for needing more time to comply. Director general Giovanni Bisignani (pictured) says the "momentous" achievement makes IATA membership "synonymous with best practice in airline safety".

 

 

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Bad Week

© Air Canada

MONTIE BREWER The Air Canada chief executive resigned following a rough year that saw the carrier lose $780 million while facing mounting liquidity problems that forced it to borrow heavily and spin off its Aeroplan loyalty programme to raise revenue. Brewer has been replaced by Calin Rovinescu, who returns after serving as executive vice-president corporate development from 2000-4 before founding investment bank Genuity Capital Markets.

 

 

 

 

 

Source: Flight International