International Air Transport Association (IATA)
Why in news:
The International Air Transport Association (IATA) has signed a Memorandum of Understanding (MoU) with the Ministry of Civil Aviation and the National Aviation University to enhance human resource availability in India’s aviation industry.
- Under the agreement, the signatory institutions would also leverage “the existing infrastructure for training in India to expand the reach of vocational training in aviation disciplines”.
Background:
India is expected to be the third largest aviation market in the world behind China and the US by 2024, and is forecast to grow to a market size of 480 million passengers in 2036.
About IATA:
What is it? The International Air Transport Association (IATA) is the trade association for the world’s airlines, representing some 280 airlines or 83% of total air traffic. Formed in April 1945, it is the successor to the International Air Traffic Association, which was formed in 1919.
What it does? IATA supports airline activity and helps formulate industry policy and standards. It also provides consulting and training services in many areas crucial to aviation.
Headquarters: It is headquartered in Montreal, Quebec, Canada with Executive Offices in Geneva, Switzerland.
Sources: the hindu.
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