The Airports Council International (ACI) World has announced the appointment of Véronique Demers as its new Vice President of Communications and Marketing. ACI said Véronique joins at a critical point for the airport industry as it looks to forge the path to sustainable recovery from the COVID-19 crisis. Véronique has over 15 years of multi-sector experience in corporate communications, public …
Massive Debt Load…Airline Debt To Balloon By 28%, As Heavy New Debt Levels Will Weigh Down Recovery
The International Air Transport Association (IATA) released an analysis showing that the airline industry’s global debt could rise to $550 billion by year-end. That’s a $120 billion increase over debt levels at the start of 2020. IATA said $67 billion of the new debt is composed of government loans ($50 billion), deferred taxes ($5 billion), and loan guarantees ($12 …


