Flexibility in operating its business, particularly on labor issues, is being pushed bby the International Air Transport Association (IATA) for the airline industry to level up and improve its performance.
Outgoing IATA Director General and Chief Executive Officer Giovanni Bisignani made this call to governments, citing that state intervention has given airline companies less latitude to conduct its business, which may result to a dent in its bottom-line.
“We need policy decisions that replace intervention with commercial freedom, reduce barriers to exist and allow airlines to restructure like normal businesses. Governments must change their approach,” Bisignani told IATA members attending the on-going 67th Annual General Assembly here.
IATA members are mostly national flag carriers. Budget airlines are non-members.
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