Economic Development

Disclosing or preannouncing information on products, prices, costs, demand and future production or capacity plans is a common practice in most industries. The airline industry is no exception. Airlines regularly announce planning…

During its latest meeting, the 36 States of the ICAO Governing Council recognized the G20’s latest calls “to restart international travel in a safe and orderly manner,” and consistent with the work of ICAO, the World Health Organization…

Recognizing that aviation and tourism are critical tools in the environmental, economic, and social development of countries in every world region, ICAO and the UN World Tourism Organization (UNWTO) has formalized a new Memorandum of…

After two weeks, Ministers, Deputy Ministers and the heads of 24 international organizations completed a comprehensive review of pandemic-driven priorities for global air transport, formalizing new commitments on border risk management and…

The air transport industry is not only a vital engine of global socio-economic growth, but it is also of vital importance as a catalyst for economic development. Not only does the industry create direct and indirect employment and support…

The COVID-19 pandemic brought the aviation industry to a standstill. ICAO has been actively monitoring the economic impact of COVID-19 on civil aviation and publishes monthly reports that give insight into aviation's recovery.  Within this…