Maintaining safe and efficient air links with Japan in the aftermath of last week’s earthquake and tsunami is a key goal of theInternational Air Transport Association
(IATA), the association said, reiterating its support of recovery efforts. IATA also offered its first assessment of the potential impact of the crisis on global air transport and warned that a major slowdown in Japan is to be expected in the short-term.
“The thoughts and prayers of the air transport industry are with the Japanese people at this most difficult time. In times of crisis, air transport takes on a critical role. Our members are rising to the challenge of bringing relief supplies, equipment and people to Japan as well as connecting families affected by this tragedy,” said Giovanni Bisignani, IATA’s Director General and CEO.
IATA reports it has mobilized its resources to support the aviation industry in several critical areas including:
• Settlement Operations: IATA manages $20 billion in industry settlements annually in the Japan market. Its Tokyo office remains open and the settlement system is functioning normally.
• Fuel: Some key fuel infrastructure facilities in Japan have been damaged. Most Japanese airports have fuel supplies for the next 10 days. IATA is coordinating actions among airlines to maximize existing fuel supplies, including voluntary tankering of jet fuel. IATA is also briefing airlines and officials on industry agreed rationing regimes should supply shortages arise.
• Coordinating Information: IATA is working with the Japanese Government and major United Nations and industry organizations (International Civil Aviation Organization, World Health Organization, International Maritime Organization, International Atomic Energy Agency, World Meteorological Organization and Airports Council International) to ensure that its 230 member airlines have the best medical and operational advice.
• Regulatory measures: IATA is tracking regulatory measures being imposed by governments around the world for flights and passengers arriving from Japan. A full list of regulations will be on www.iata.org.
“The combination of crises and issues facing Japan is truly unprecedented. For aviation, global standards and coordinated efforts will provide the needed solutions as we move through this difficult time. IATA stands ready to assist in any way possible to ensure continued safe and efficient air transport,” said Bisignani.
IATA said it is too early to assess the long-term impact of the Japanese tragedy on the global air transport industry. However, understanding the structure of the Japanese air transport industry does give insight on the potential short-term impact of a major slowdown in Japanese air travel.
“Japan is an important link in global air transport. The $62.5 billion Japanese aviation market represents 6.5 percent of worldwide scheduled traffic and 10 percent of the industry’s revenues. A major slowdown in Japan is expected in the short-term. And the fortunes of the industry will likely not improve until the effect of a reconstruction rebound is felt in the second half of the year,” said Bisignani.