The International Air Transport Association (IATA) has given RwandAir, a positive nod to fly the global skies with ease after passing the IATA operational safety Audit-IOSA.
The Audit which is done every after two years is aninternational yardstick to evaluate and assess operational management and control systems of an airline mainly on the safety of the Airline which is crucial in the Air transport business.
With the Audit it means that the National carrier can fly everywhere in the globe and also code and carry out business with the five star Airlines, something that increases its presence.
The International Air Transport Association (IATA) is the global trade association for the airline industry.
“Passing the audit is vital for the sustainability of the airline as it is a mandatory requirement to obtain IATA registration, alliance memberships and code share agreements,” said John Mirenge, the carrier’s CEO
Mirenge in a statement noted that the audit pass contributes to the carrier’s efforts to expand both in its fleet and the destinations as it brings with it the confidence and trust by passengers.
RwandAir flies to all capitals in East Africa as well as Juba, Doulla in Cameroon, Johannesburg, Dubai, Lagos, Libreville and Brazzaville.
Although the Airline dragged feet to reveal its financial results for the first half of the year, there is optimism that the carrier would register positive performance at theendof the year when comparedtothe international performance.
Accordingto IATA, the international passenger demand rose by 5.3% by the end of September this year compared to the same period under review in 2013.
“This was exceeded by a capacity expansion of 5.7% which resulted in a softening of the load factor to 80.5%, down 0.2 percentage points from the year-ago period,” said Tony Tyler, IATA’s Director General and CEO.
Statistics also indicate that the September capacity rose 5.1% and load factor rose 0.2 percentage points to 80.3% despite the fact that the month’s performance was slightly below the August year over year increase of 6.3 percent.
“Overall, demand for passenger travel is growing in line with expectations. We saw, however, some shifting of the sources of that growth in September, largely driven by economic factors,” Tyler noted in a statement.
Tyler added, “This year we expect airlines to achieve a collective global net profit of $18 billion.”
According to the international Airline body, the average return on invested capital for the industry by end of September stood at 5.4% up from 1.4% in 2008 while the industry’s annual contribution to the global GDP is 3.4% with economic impact estimated at $2.4 trillion.
