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IATA wins new China route

Online Stock Market Trading The International Air Transport Association has obtained China's approval to implement a new route for international traffic which reduces flight times between China and Europe by an average of 30 minutes.

Topping the global chart of new routes with the highest number of operations is the route between Shanghai Pudong International (PVG) and Wuhan (WUH) in China with 210 flights per week. Air China, China Eastern Airlines, China Southern Airlines, East Star Airlines, Juneyao Airlines and Shanghai Airlines. Regional rankings put Asia firmly ahead, with the top five busiest new routes shared between China and Thailand.

Stock Investing Course Officially known as Y-1, it is often referred to as IATA-1, reflecting IATA's role in achieving this in cooperation with the Chinese Government.

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Stock Market Game Initially 110 flights a week could potentially benefit from IATA-1.

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Stock Investing Game An inauguration ceremony was held in Beijing today with the route expected to open for commercial traffic from 13 April 2006, following discussions dating back to 2000.

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Journal Prime Rate Street Wall Y-1, combined with Y-2 provides airlines with more route options when flying between Asia and Europe, allowing airlines to better optimise routings.

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Stock Market News "IATA-1 will result in US$30 million in savings on the airlines fuel bill. We appreciate the cooperation of the Chinese Government in making airspace more efficient at a time where the airline industry is bleeding red ink from the record high price of oil," said Giovanni Bisignani, IATA's Director General and CEO.

Stock Investing Basics IATA-1 will have a significant impact on the environment.

Stock Investing Software The more direct routing will eliminate 2,860 hours of flight time, 27,000 tonnes of fuel consumption, 84,800 tonnes of carbon dioxide emission, and 340,000 kilogrammes of nitrogen oxides emission annually.

Stock Market Trading "Airlines take their commitment to the environment seriously. While supporting 8% of global economic activity, air transport is responsible for 3.5% of global greenhouse emissions. This is a good record, but we are determined to do more. Fuel efficiency, direct routings and new technology are all part of efforts that have realised a 70% reduction in aircraft emissions over the last 30 years. IATA-1 is a great example of how cooperation of industry and government is a winning solution for all," said Bisignani

Stock Investing For Dummy "The new routes further demonstrate the Chinese government's clear understanding of the benefits of a successful air transport sector. We have seen effective policy co-ordination in China - liberalisation, consolidation of the carriers, and impressive infrastructure investment. And now China has demonstrated its commitment to improve efficiency and reduce costs. Minister Yang Yuan Yuan and his team must be complimented for these achievements. I urge all governments, airports and air navigation service providers to take similar steps," said Bisignani.

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