Q19. Consider the following statements.
1. The International Air Transport Association (IATA) is the trade association for the world’s airlines.
2. It works within the ambit of World Trade Organisation (WTO).
3. It is headquartered in Montreal, Canada.
Which of the above statement(s) is/are correct?
(c) Only 1 and 3
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.IATA supports airline activity and helps formulate industry policy and standards. It also provides consulting and training services in many areas crucial to aviation. 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.