Executives from Global airlines and aviation recently have issued an alarm about the growth in international trade tensions. Further, they have notified that these tensions may result in damaging the airline industry as well as the economy of the world.
Recently, the Trump Government improved tax threats against China. On the other hand, key associates of the United States, such as the European Union, Mexico, and Canada have been beaten with steel and aluminum taxes.
Alexandre de Juniac, Director General of International Air Transport Association (IATA), proclaimed that any events reducing the trade that result in limiting the passenger travel are not good for the global economy as well as for the industry.
Gloria Guevara Manzo, Chief Executive, World Travel and Tourism Council (WTTC), concerned that the uncertainty may reduce the demand for the business travel, which is a key driver of profits for the airline industry.
Boeing and Airbus proclaimed that the indecision impacted the business negatively. Also, they highlighted that the free trade supported them in driving the economic growth as well as creating new jobs.
Randy Tinseth, Marketing Vice-president, Boeing Commercial Airplanes, proclaimed that it will minimize the costs to consumers and create jobs both with the company partners as well as at the company.
Eric Schulz, Chief Commercial Officer, Airbus, explained that the company is in a worldwide industry here. Also, he proclaimed that the company sees the current situation in a negative way as it is putting borders and putting a limitation on everybody including the company customers.
On a similar note, recently the WTTC and the IATA have announced a partnership. It is proclaimed that the partnership is focused to achieve the benefits of biometrics. Also, it will offer the traveler with digital identity management throughout the travel & tourism sector. This will help travelers for a seamless passenger experience.