Consider the following statements regarding the International Air Transport Association (IATA) -
- It was founded in 1945 in Havana, Cuba, as the successor to the International Air Traffic Association established in 1919.
- It currently represents around 82% of global air traffic and has approximately 350 member airlines from 120 countries.
- Its headquarters is located in Montreal, Canada.
- One of its key functions includes managing financial systems like the Billing and Settlement Plan (BSP) for airlines.
Which of the statements given above are correct?
Explanation - International Air Transport Association (IATA) - IATA is a global trade association of the world’s airlines. It represents, leads, and serves the airline industry, aiming to ensure safe, secure, efficient, and economical air transport. It represents 82% of global air traffic. It is headquartered at Montreal, Canada. Origin & members — IATA was founded in Havana, Cuba, on 19 April 1945. It is the successor to the International Air Traffic Association founded in the Hague in 1919 - the year of the world's first international scheduled services. At its founding, IATA had 57 members from 31 nations, mostly in Europe and North America. Today it has some 350 members from 120 nations in every part of the globe. Functions of IATA — Industry Standards & Regulations: Develops global commercial and operational standards for airlines (e.g. ticketing, cargo handling). Advocacy: Represents airline interests in global policy debates and with international organisations and governments. Financial Systems: Manages global financial systems like BSP (Billing and Settlement Plan) and CASS (Cargo Accounts Settlement System) for efficient fund transfers. Training & Certification: Provides training, certification, and operational guidance to improve safety and efficiency. Sustainability: Supports the transition to net-zero emissions and promotes Sustainable Aviation Fuels (SAF). Data & Research: Publishes reports and forecasts on industry trends, economics, safety, and performance.
Explanation - International Air Transport Association (IATA) - IATA is a global trade association of the world’s airlines. It represents, leads, and serves the airline industry, aiming to ensure safe, secure, efficient, and economical air transport. It represents 82% of global air traffic. It is headquartered at Montreal, Canada. Origin & members — IATA was founded in Havana, Cuba, on 19 April 1945. It is the successor to the International Air Traffic Association founded in the Hague in 1919 - the year of the world's first international scheduled services. At its founding, IATA had 57 members from 31 nations, mostly in Europe and North America. Today it has some 350 members from 120 nations in every part of the globe. Functions of IATA — Industry Standards & Regulations: Develops global commercial and operational standards for airlines (e.g. ticketing, cargo handling). Advocacy: Represents airline interests in global policy debates and with international organisations and governments. Financial Systems: Manages global financial systems like BSP (Billing and Settlement Plan) and CASS (Cargo Accounts Settlement System) for efficient fund transfers. Training & Certification: Provides training, certification, and operational guidance to improve safety and efficiency. Sustainability: Supports the transition to net-zero emissions and promotes Sustainable Aviation Fuels (SAF). Data & Research: Publishes reports and forecasts on industry trends, economics, safety, and performance.