Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business2 days ago
Airlines expect overall passenger numbers to double over the next two decades from the 4.3 billion who flew last year, with growth led by emerging markets such as Asia Pacific and the Middle East, the main global airline body said Thursday.
The projected surge in traffic could put further pressure on carriers to contribute to the fight against climate change and make progress towards a pledge to reach "net zero" carbon emissions by 2050.
Average annual passenger growth is expected to be 3.6 per cent a year to 2043, compared with a forecast of 9.7 percent growth this year, the International Air Transport Association said in its latest update.
The Asia Pacific region would lead with average growth of 4.8 per cent, propelled by countries like India (6.9 per cent) and China (5.8 per cent) but also Thailand and Vietnam (6.4 per cent each), the IATA said.
Passenger growth in Africa and the Middle East would rise by 3.6 per cent, while Latin American and the Caribbean would see a 2.9 per cent increase.
The mature markets of North America and Europe would see growth of 1.7 per cent and two percent, the association said.
Air transport currently accounts for less than three percent of global CO2 emissions, but is often in the firing line because it serves a minority of the world's population.
Airlines are mainly betting on increased production of sustainable aviation fuels produced from renewable sources, expected to provide 65 percent of the industry's "net zero" target for 2050.
But the technological challenges of producing such fuels at scale -- they currently provide just 0.53 percent of airlines' fuel consumption -- are likely to require huge investments.
Several listed subsidiaries of the Adani empire, which spans coal, airports, cement and media, collapsed in early trade, with some losing as much as 20%
business2 days ago
Authorities said the Adani Group chairman and seven other defendants agreed to pay the bribes to Indian government officials to obtain contracts expected to yield $2 billion of profit over 20 years
business2 days ago
Company strengthening regional presence and service offering
business2 days ago
Sinochem may keep three refineries in China's Shandong province
business3 days ago
Memorandum of understanding aims to enhance cooperation in the construction sector
business4 days ago
Serenia Living’s architecture and interiors have been led by Palma’s expert team
business4 days ago
Company’s backward integration model reaps dividends
business4 days ago
Participating companies announce several cooperation achievements
business4 days ago