International Air Transport Association (IATA) and The African Union Commission (AU) have signed a memorandum of understanding (MoU) to further the continent´s economic and social development with the benefits of safe, efficient and sustainable air transport in Africa, the associations said.
The MoU, signed by Tony Tyler, IATA´s director general and CEO and Dr. Elham Mahmoud Ahmed Ibrahim, AU´s commissioner for infrastructure and energy, paves the way for further development in African aviation. The associations said the industry currently supports 6.8 million jobs and generates USD72.5 billion of economic activity on the continent.
The agreement focuses on the exchange of information, expertise and capabilities in a number of areas including enhancing security, enhancing safety, reducing accident rates, promoting connectivity, facilitating collaborative decision making in air traffic management and improving the passenger experience.
IATA said Africa is set to be one of the fastest-growing aviation regions with 5 percent annual growth forecast over the next 20 years and the MoU will help ensure global standards and best practices form the backbone of Africa´s growth.