Press Release No.:
9 June 2009
FedEx’s Bronczek to Follow in 2010
Kuala Lumpur - The International Air Transport Association (IATA) announced that Cathay Pacific Airways CEO Tony Tyler started his one-year term as the Chairman of the IATA Board of Governors. Tyler succeeds Samer Majali, CEO of Royal Jordanian Airlines, who served as Chairman from June 2008.
Tyler is a 32-year veteran of the air transport industry who has served as Cathay Pacific CEO since 2007. He worked for Cathay Pacific and the Swire Group in many cities across the globe and has been on the airline’s leadership board since 1996. During that time he helped navigate the airline through several challenges including the Asian financial crisis, the SARS outbreak, and the post September 11-recovery. Tyler takes on the IATA Chairman duties at a difficult time as the airline industry works to weather a global economic recession, which has affected passenger and cargo demand.
“The global economic meltdown is hitting the aviation industry hard. A toxic combination of low fares, a large drop in premium travel, and weak cargo loads is hitting the bottom line hard. IATA has some critical roles to play. It must protect the US$350 billion in industry cash flowing through its financial systems. It must also find even more efficiency gains—not just by airlines but throughout the industry value chain,” Tyler said.
Tyler noted that 2009 will be a critical year in the environmental debate. “As we move towards the climate change treaty negotiations in Copenhagen in December, our industry’s united four-pillar strategy on climate change makes us part of the solution. The industry is committed to achieving carbon-neutral growth by 2020, but to achieve this, we need to focus on bringing governments on board. That means turning their support for improved technology, effective operations and efficient infrastructure into action, as well as reaching agreement on a global sectoral approach to economic measures in a post-Kyoto climate framework,” Tyler said.
Giovanni Bisignani, IATA’s Director General and CEO said, "First, we must thank Samer Majali for a job well done. His leadership over the past year helped us navigate the industry through many challenges from record high fuel prices to today’s economic crisis. Under Samer’s leadership we had some major achievements. The deadline for IOSA registration was met by 225 IATA airlines and we built an even stronger consensus and commitment on the environment. I look forward to working closely with Tony in the coming year to meet our growing challenges with continued strong industry leadership.”
IATA also announced that the Board of Governors agreed to appoint David Bronczek, President and Chief Executive of FedEx Express, to serve as Chairman following Tyler. Bronczek will bring a unique perspective from the air cargo industry when his term commences in June 2010.
The announcements were made as the 65th IATA Annual General Meeting and World Air Transport Summit concluded in Kuala Lumpur today. The 500 industry leaders gathered for the event discussed the industry's most important issues, with executive briefing sessions on the environment and ways to manage through the crisis.
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Notes for editors:
- IATA (International Air Transport Association) represents some 230 airlines comprising 93% of scheduled international air traffic.