The International Air Transport Association (IATA) has opted to postpone its Annual General Meeting (AGM) and World Air Transport Summit slated to take place on June 22-23 in Amsterdam.
In a statement, IATA said the 76th edition of the event will be held when it’s both safe and practicable to do so. It added that it would likely move the summit to late Q3 2020 or early Q4 2020. IATA director general and CEO Alexandre de Juniac explained: “We will come together as an industry when the freedom to travel has been restored and we can focus on air transport’s critical role in driving the economic and social recovery from this unprecedented crisis.”
Juniac continued: “Our members are in the deepest crisis the air transport industry has ever faced. With much of the passenger business grounded as part of the global fight to contain the virus, many airlines are in a struggle to remain viable.”
IATA this month and last has been continuously urging MEA governments to prioritise rescue efforts for their aviation sectors. Though IATA has hailed the UAE for its measures to support aviation so far, it highlighted that the country could still lose US$5.36 billion this year, with 287,863 aviation jobs at risk.
IATA suggested in late March that the global aviation industry would need an injection of more than $200 billion to save it from collapse.