2 Updates

Istanbul Set to be the Global Hub of Air Travel – Dr Temel Kotil

Sep 12 2013, 3:19am CDT | by PR.com

Trivandrum, India, September 12, 2013 --(PR.com )-- Dr Temel Kotil, Chief Executive Officer, Turkish Airlines has said that the Turkish capital city of Istanbul is ideally positioned to be the...

Filed under: news

YouTube Videos Tweets

 
 
 

45 weeks ago

Istanbul Set to be the Global Hub of Air Travel – Dr Temel Kotil

Sep 12 2013, 3:19am CDT | by PR.com

Trivandrum, India, September 12, 2013 --(PR.com )-- Dr Temel Kotil, Chief Executive Officer, Turkish Airlines has said that the Turkish capital city of Istanbul is ideally positioned to be the global connection point for air travel within 10 years. While Europe’s traditional airports are struggling to add travellers as weak economies hurt demand, Istanbul is racing ahead with a double digit growth thanks largely to the phenomenal success of Turkish Airlines. Delivering the key-note address at the IBS Cargo Forum in Istanbul, Dr Kotil said Turkish Airlines is one of the fastest growing airlines in the world and well placed to hit 120 million passengers and 450 aircrafts by the year 2023. “It is the Turkish hospitality, the strong commitment and impeccable business practices that have propelled Turkish Airlines on this aggressive growth path” Dr Kotil added.

Turkish Airlines chief was addressing an audience of around 70 air cargo experts representing airlines including South African Airways, Qantas, Hawaiian Airlines, Lufthansa, All Nippon Airways, Nippon Cargo Airlines and Turkish Cargo. Over two days, industry stalwarts discussed key issues shaping the global air cargo industry and shared insights on strategies to address some of the critical challenges facing them. Mr Gary Hoyle of South African Airways has been appointed the new Chairman of the IBS Cargo Forum.

“Air freight traffic grew at 5.3% annually since 1980. Today goods worth $6.4 trillion travel by air – that’s 35% of all world trade by value. The growth rate is expected to be 4.9% for the next 20 years which means by the year 2023, traffic will double. However, the profit margins are nominal. Airlines have no control over their biggest cost element, fuel prices. Capacity utilization is less than 50% causing yield erosion. These statistics need to be kept in mind as we devise strategies on how we conduct business going forward,” said Mr VK Mathews, Executive Chairman of IBS Software in his opening remark.

“We need to move on and make the best of a demanding situation. 90% of the time in the supply chain, the cargo is just waiting to be moved. This is where efficiencies need to come in. Digitised shipper to consignee process has to become standard to not only shorten the delivery time but also to reduce unit cost. Investment in new IT systems is inevitable to bring about a fundamental change in the way business is done at present,” said a senior representative of a European Airline.

The two day conclave saw the unveiling of iCargo portal by IBS Software which would enable greater adaption of E-freight enhancing productivity. The first phase of the portal is expected to be complete by November and the second phase by the next financial year. IBS Software’s Air Cargo Forum brings together leading cargo airlines every six months where experts meet to discuss and debate how advancements in technology could be leveraged to optimize cost of operations and improve yields.

For media enquiries, please contact Mathew Joshua at +91-471-6614363 or email: mathew.joshua@ibsplc.com.

More information on IBS is available at www.ibsplc.com

Contact Information:
IBS Software Services
Mathew Joshua
+91-471-6614363
Contact via Email
www.ibsplc.com

Read the full story here: http://www.pr.com/press-release/515163

Press Release Distributed by PR.com

Source: PR.com

 
Update
2

Tweets

 
 

Don't miss ...

 

blog comments powered by Disqus

Latest stories

Shift work can worsen asthma, pneumonia
London, July 28 (IANS) A research has found that drugs widely used to treat lung diseases like asthma or pneumonia work better with the body clock.
 
 
Decoded: What triggers sexual arousal in you
New York, July 28 (IANS) Know why just looking at an attractive face stimulates sexual arousal? Well, it takes two to tango!
 
 
Turn your selfie into emoji with this app
New York, July 28 (IANS) Tired of seeing the same yellow-faced smileys? In an age of selfies, how can emojis be far behind?
 
 
Forget injection, pills to cure hardest-to-treat hepatitis C
London/Mumbai, July 28 (IANS) On this World Hepatitis Day, there's good news for patients, particularly from India, for those suffering from hepatitis C.
 
 
 

Latest from the Network

UN calls for Gaza humanitarian truce, toll reaches 1030
United Nations, July 28 (IANS) The UN Security Council Monday issued an urgent appeal to Israel and Hamas for an immediate humanitarian truce in Gaza, where 1,030 Palestinians and 43 Israeli soldiers have been killed...
Read more on Politics Balla
 
Iran urges Muslim countries to help end Gaza blockade
Tehran, July 28 (IANS) Iran's foreign minister Mohammad Javad Zarif has called on Muslim countries to step up diplomatic efforts to help end Israel's blockade of Gaza, media reported Monday. Islamic countries and...
Read more on Politics Balla
 
Peter Jackson wore disguise to Comic-Con
'The Lord of the Rings' director Peter Jackson snuck into Comic-Con dressed in a disguise. The 52-year-old director revealed that he managed to explore Comic-Con in San Diego on Saturday (26.07.14) without being hassled...
Read more on Movie Balla
 
Lady Gaga portraits auctioned
A series of 'video portraits' of Lady Gaga raised over $1 million at auction over the weekend. Avant-garde director Robert Wilson showcased his '23 Video Portraits of Lady Gaga' series at his annual Watermill Center...
Read more on Celebrity Balla
 
Sandra Bullock's cowboy birthday
Sandra Bullock enjoyed an early 50th birthday celebration at a cowboy bar on Thursday (07.24.14). The 'Gravity' actress reached the milestone age on Saturday (07.26.14), but began her festivities early by heading to the...
Read more on Celebrity Balla
 
Kendall Jenner 'flirts' with basketball star
Kendall Jenner was seen ''flirting'' with NBA star Chandler Parsons at the weekend. The 18-year-old model and the 25-year-old basketball player were joined by her sister Kylie and two other pals at STK LA on Saturday (...
Read more on Celebrity Balla
 
Mick Jagger finds joy in birth of great-granddaughter
Sir Mick Jagger has found new joy with the birth of his grandson and great-granddaughter following the tragic death of L'Wren Scott. The Rolling Stones frontman was left devastated after his partner of 13 years...
Read more on Celebrity Balla
 
Studio reveals glimpse of new King Kong film
Legendary Entertainment's Thomas Tull has confirmed they are to make a film based on King Kong's home, Skull Island. The company's CEO confirmed the news at Comic Con this weekend when he claimed Legendary and Universal...
Read more on Movie Balla
 
CWG: Pugilist Sangwan eases into men's 81kg quarters
Glasgow, July 28 (IANS) Indian boxer Sumit Sangwan registered a comfortable 3-0 win over Mohammed Hakimu Fumu of Tanzania to reach the 2014 Commonwealth Games quarterfinals of the men's 81kg category here. The 21-year...
Read more on Sport Balla