• Short Summary

    LAST YEAR WAS THE WORST IN THE HISTORY OF THE WORLD'S CIVIL AVIATION, WITH RECORD FINANCIAL LOSSES, DELEGATES FROM 92 MEMBER AIRLINES WERE TOLD AT THE 18TH ANNUAL MEETING OF THE INTERNATIONAL AIR TRANSPORT ASSOCIATION IN DUBLIN, YESTERDAY (MONDAY).

    220 DELEGATES FROM 66 COUNTRIES ATTENDED THE OPENING SESSION.

  • Description

    LAST YEAR WAS THE WORST IN THE HISTORY OF THE WORLD'S CIVIL AVIATION, WITH RECORD FINANCIAL LOSSES, DELEGATES FROM 92 MEMBER AIRLINES WERE TOLD AT THE 18TH ANNUAL MEETING OF THE INTERNATIONAL AIR TRANSPORT ASSOCIATION IN DUBLIN, YESTERDAY (MONDAY).

    220 DELEGATES FROM 66 COUNTRIES ATTENDED THE OPENING SESSION. IRELAND'S PRESIDENT, MR. DE VALERA, AND MR. J. F. DEMPSEY, GENERAL MANAGER OF AER LINGUS, AND NEW PRESIDENT OF I.A.T.A., ADDRESSED THE ASSEMBLY AT THE START OF THE FOUR DAYS OF BUSINESS DISCUSSIONS.

    ANOTHER SPEAKER WAS SIR HUDSON FYSH, CHAIRMAN OF QUANTAS AUSTRALIAN AIRLINES AND RETIRING PRESIDENT OF IATA. HE POINTED OUT THAT DURING THE LAST YEAR FIGURES FOR SEAT OCCUPANCY WAS THE LOWEST EVER RECORDED.

    HE SAID THAT MAINLY THROUGH WORLD-WIDE OVER-PROVISION OF CAPACITY, ILLEGAL RATE CUTTING HAD NOW REACHED A RATE, HE SAID, THAT "CANNOT BE TOLERATED IF THE ASSOCIATION IS TO CONTINUE ITS WORK."
    AT A MEETING IN PRIVATE OF THE EXECUTIVE COMMITTEE, IT WAS AGREED THAT A FIRMER LINE IS TO BE TAKEN WITH ANY MEMBER COMPANY FOUND UNDERCUTTING ITS FARES OR OTHER RATES IN AN EFFORT TO ATTRACT BUSINESS AWAY FROM ITS RIVALS. THIS WAS DECIDED IN AN EFFORT TO PRODUCE WHAT WAG DESCRIBED AS "A CLEAN WORLD-WIDE MARKET".

  • Tags

  • Data

    Film ID:
    VLVA6NTLAE993GQ5443F4L9UG9WNF
    Media URN:
    VLVA6NTLAE993GQ5443F4L9UG9WNF
    Group:
    Reuters - Including Visnews
    Archive:
    Reuters
    Issue Date:
    11/09/1962
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Black & White
    Duration:
    00:01:06:00
    Time in/Out:
    /
    Canister:
    N/A

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