CAPA Live July 2021 is now available on demand on CAPA TV, including a full transcript. The interview features AirAsia Group CEO Tony Fernandes discussing his outlook on travel and vaccine progress in Asia compared to the rest of the world and how the group plans to return to profitability. [more - CAPA TV]
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April 5, 2021
Faizal Yahya
SINGAPORE (CNA) – We will fly again. It just might happen much later for most of us, in 2024 and beyond.
Despite the roll out of vaccines and the opening of economies, the patchy global coverage in vaccinations and the spike in infection rates of COVID-19 in various countries indicate it will be some time before air passenger travel returns to 2019 levels.
The International Air Transport Association (IATA) forecast that in an optimistic scenario the air travel market would reach 38 per cent of 2019 levels in 2021 and airlines would spend USD75 billion over the year to maintain operations.
In a pessimistic scenario, the air travel market would only amount to 33 per cent of 2019 levels and airlines would spend USD95 billion. To complicate matters, the recovery will vary across regions. An Aviation Forecast Report by the global consulting service company ICF found that 60 per cent of their respondents polled in Asia thought the region will see full
Commentary: Airlines have little choice but to not be airlines for a few years channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.
Formula 1
Finbarr O’Connell had a very brief career as a Formula 1 Team Principal in 2014, overseeing Caterham for its final race. In the first of a two part interview, he explains how the demise of the team led to him being catapulted into the limelight at the Yas Marina Circuit in Abu Dhabi that year.
While Eddie Jordan’s name is known to every Irish person with a passing interest in sport, very few will remember that Ireland has been represented by a far more recent team boss in Formula 1. But, back in 2014, Finbarr O’ Connell briefly had control over a Formula 1 team as he took over as the Team Principal for the Caterham F1 team from Manfredi Ravetto for the season finale in 2014.