Latest news with #AGMs
Time of India
5 days ago
- Business
- Time of India
Luis Gallego IATA Chair: Luis Gallego Named IATA Chair as LATAM Airlines Group to Host AGM in Rio 2026, ET TravelWorld
Advt Advt By , ETTravelWorld Join the community of 2M+ industry professionals Subscribe to our newsletter to get latest insights & analysis. Download ETTravelWorld App Get Realtime updates Save your favourite articles Scan to download App Following a landmark gathering in New Delhi for its 81st Annual General Meeting (AGM), the International Air Transport Association (IATA) has confirmed a dual leadership and geographical shift: Luis Gallego, CEO of International Airlines Group (IAG), has been named Chair of the IATA Board, while LATAM Airlines Group will host the 82nd AGM in Rio de Janeiro, Brazil, in June baton was passed to Gallego at the conclusion of the AGM in New Delhi on 2 June 2025. Gallego, who becomes the 83rd Chair of the IATA Board, brings nearly three decades of experience across Europe's aviation sector. His leadership tenure at Iberia, Iberia Express, Vueling, and Clickair helped steer these carriers toward greater efficiency and service excellence. Gallego's current position at the helm of IAG since 2020 has positioned him at the forefront of European aviation strategy.'I am honoured to be taking up the position of Chair of the IATA Board,' said Gallego. 'Our industry faces complex challenges—from environmental sustainability to global infrastructure—but it also has extraordinary potential driven by its people. I look forward to steering IATA's efforts in creating a strong, innovative and resilient global airline industry.'IATA Director General Willie Walsh welcomed Gallego's appointment, stating, 'Luis has a long and deep involvement with the complex issues which are top priorities for our Association—facilitating net zero carbon emissions by 2050, achieving a smart approach to regulation and ensuring the right capacity and cost structure.'Looking ahead, LATAM Airlines Group will host the next AGM in Rio, marking the association's return to South America for the first time since 1999. 'We are excited to accept LATAM's offer to host IATA's 82nd AGM,' Walsh added. 'Meeting in the largest aviation market in South America highlights the region's rising strategic role in global connectivity.'For LATAM, the event presents an opportunity to showcase both the growth of its own operations and the evolving aviation landscape in Brazil. 'LATAM is proud to host the IATA AGM in Brazil in 2026, the main market for our airline group connecting South America to the world,' said Roberto Alvo, CEO of LATAM Airlines Group. 'Rio de Janeiro, one of the most spectacular cities globally, will ensure a memorable experience for attendees.'With a network spanning 153 destinations in 27 countries and a record 82 million passengers transported in 2024, LATAM has also made significant strides in sustainability and fleet modernisation. The airline's legacy is rooted in a continent whose aviation history traces back to pioneers like Alberto Santos-Dumont. Brazil has previously hosted IATA AGMs in 1947 and 1999, both of which highlighted the country's centrality in Latin American Gallego taking on IATA's top board role and LATAM preparing to welcome aviation leaders to Rio, the next chapter for the airline industry promises a sharper focus on sustainability, regional inclusion, and collaborative leadership.
Time of India
5 days ago
- Business
- Time of India
After 1958 and 1983, IATA returns to India for third AGM as aviation industry takes flight again
IATA's 81st AGM in Delhi marks India's third time hosting, following events in 1958 and 1983. The 1958 AGM addressed technological challenges of the jet age, while the 1983 meeting focused on fare wars and security threats. NEW DELHI: "The freedom with which we can move this large assembly from Madrid one year to New Delhi the next and then on to Tokyo and the speed with which we can call delegates in from all corners of the world within a few days dramatises the services which we (airlines) offer to the general public. " That was Indian aviation pioneer, J R D Tata addressing the media in 1958 and the ``large assembly'' he referred to comprised the 250 delegates attending the International Air Transport Association (IATA) annual general meeting (AGM). Back then IATA had only 86 members, its delegates flew in from around the world, some likely taking days to reach India to attend the five-day AGM held in October. On Sunday, IATA's 81 st AGM began in Delhi and the ``large assembly'' now comprises about 1700 delegates, including officials from the 350 member airlines. This is the third time that India is hosting the IATA annual general meeting (AGM), the first in 1958 and then in 1983, both the events inaugurated by the then prime ministers, Jawaharlal Nehru and Indira Gandhi . Prime Minister Narendra Modi is expected to deliver a keynote address on Monday evening. What were the topics that made headlines in the two earlier events held in India? TOI digs into its archives to look back at the IATA AGMs and the global airline industry in 1958 and 1983. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Férias chegando? Azul Compre já Undo A look at the past IATA AGMs gives a glimpse of the global airline industry's journey over the decades. The overwhelming theme of the 1958 AGM event was the technological challenges as airlines stood on the cusp of the jet age. A year earlier, in December, Boeing 707, the jet pioneer, had made its first flight. At the IATA AGM the airlines decided to continue to ''pool their expert knowledge and experience" for safe jet operations. Two year later, Tata's Air India took the delioof its first Boeing 707 and became the first airline in Asia to induct a jet in its fleet. Today, Indian carriers have a combined fleet of over 860 aircraft, majority of them jets. Another resolution passed in the 1958 AGM was about airspace control. Airline members decided that they would approach their respective governments to formulate a system under which both military and civil aviation aircraft navigate under the guidance of a single air traffic control authority in the respective air traffic control areas. In the 1980s, the major concern for IATA member airlines was ``undercutting of fares' and the recession in the US which dampened demand for air travel. New reports from the Times of India archives state that in 1982, IATA member airlines had lost an estimated $ 1.2 billion due to undercutting. In 1978, the US Congress passed the Airline Deregulation Act which allowed airlines to set their own fares and decide their routes. It increased competition as new players entered the market and in the 1980s the fare wars intensified as airlines undercut each other's fares to fill the seats. US was the world's biggest airline market and the accumulated losses of IATA member airlines from 1979 to 1982 stood at $ 6 billion, according to a TOI report published in October 1983. But in other parts of the world, the main cause of concern was airline security, the terror threats, bombings and hijackings that had hit the airline industry back then. In her inaugural address, the then prime minister Indira Gandhi spoke of the need to make air travel safe for passengers. She asked for stern measures against "the heinous crime of hijacking". It was a tough year for airlines. In March, a Balkan Bulgarian Airlines flight was hijacked, but the controversy that hijacked the October annual general meeting of IATA involved the bombing of a Korean Air Lines flight on September 1. The crew of a Korean Boeing 747 from New York to Seoul made a navigation error, went off the planned route into the Soviet airspace where it was intercepted and shot down by the pilot of a Soviet Sukhoi aircraft, killing all the 269 on board. About a year after her speech against terrorism, Indira Gandhi was assassinated by her Sikh bodyguards in June 1985, 329 passengers and crew died in the bombing of Air India flight 182 by Canadian Sikh militants. India's anti-apartheid stance also made news in the 1983 IATA AGM. Back in 1946, India had imposed a complete embargo on South Africa and so the presence of delegates from IATA member airlines, South African Airways and Israeli carrier El Al at the IATA event held in India had made news. Israel was targeted for continuing its relationship with South Africa. Back then in 1983, IATA had 124 member airlines. Knut Hammarskjöld was IATA's director general back then. The Swedish diplomat launched the first billing and settlement system in Tokyo in 1972, which later evolved into the successful BSP (Billing and Settlement Plan) and CASS (Cargo Accounts Settlement System), facilitating financial transactions between passenger as well as cargo agents and the airlines. Today, Indian carriers have over 1300 aircraft on order, its aviation industry directly employs 369,700 people and generates $5.6 billion of GDP. When indirect, induced, and tourism impacts are included, the totals rise to 7.7 million jobs and $53.6 billion of GDP (1.5%). Willie Walsh, IATA's Director General said: 'India's place in global aviation has changed dramatically, particularly over the last decade. The country saw record aircraft orders, impressive growth, and world-class infrastructure developments. The AGM will allow aviation leaders and journalists from around the world to witness first-hand how India's rapidly modernising and expanding aviation sector is contributing to the country's overall economic and social development'. Pieter Elbers, CEO of IndiGo and Chair of the IATA Board of Governors said: 'Aviation is a powerful force for good worldwide, and that is particularly evident in India. India's aviation market is rapidly thriving while significantly contributing to the country's socio-economic growth, and IndiGo is at the forefront of this upward trajectory. This is India's time!' The World Air Transport Summit (WATS), which follows immediately after the AGM, will address key issues facing the aviation industry. 'The AGM is always a moment for the industry to reflect and regroup in the face of enormous economic, geopolitical, and technological forces ahead,' said Walsh. 'I'm confident this gathering will deliver value to our stakeholders and strengthen our commitment to progress and collaboration. ' Key topics to be addressed in the WATS include the financial outlook for the airline industry, how India is strategically using aviation to drive development, the relationship between energy security, renewable energy, and Sustainable Aviation Fuel production, financing aviation net zero, and the cost of payment and potential innovations.
Yahoo
29-05-2025
- Business
- Yahoo
Lumi Global Launches Enhanced Pre-Voting Capabilities Across its Digital and Hybrid Meeting and Election Solution
LIPHOOK, United Kingdom, May 29, 2025 (GLOBE NEWSWIRE) -- Lumi Global, a leading provider of digital and hybrid meeting and election technologies, today announced the launch of enhanced Pre-Voting functionality within the Lumi Platform. This new capability allows organizations to open secure, authenticated voting ahead of live meetings, offering greater flexibility, improved accessibility, and more efficient preparation for governance-driven events. The feature is designed to support Annual General Meetings (AGMs), annual meetings, member meetings, and other regulated voting processes by enabling participants to vote days, weeks, or even months in advance. Pre-Voting can be deployed as part of a scheduled meeting or as a standalone voting session. With support for multiple-choice and text-based questions, multilingual configuration, and device-agnostic accessibility, Pre-Voting gives organizers the ability to capture early input while maintaining Lumi's high standards of security, compliance, and audit readiness. Enhanced administrative tools also allow poll grouping, drag-and-drop ordering, and comprehensive reporting, streamlining what has traditionally been a manual and time-constrained part of meeting execution. 'Organizations have made it clear: they want more control, more flexibility, and less pressure on the day of the meeting,' said Marc Harper, Chief Technology Officer at Lumi Global. 'With this release, we're responding to that need by giving our clients the ability to open up secure participation when it works for them - not just when the meeting goes live.' This latest enhancement expands Lumi's already robust voting infrastructure and reinforces its commitment to supporting inclusive, transparent, and efficient participation across digital and hybrid governance environments. About Lumi GlobalLumi Global powers the meetings and elections that matter for the world's most trusted decisions, ensuring seamless, engaging experiences for in-room and online participants. Lumi's cutting-edge technology and global presence enable informed decision-making across annual meetings, member-based meetings, legislative meetings, elections, IR meetings, and earnings calls. With more than 30 years of experience, Lumi partners with clients worldwide to simplify complexity and deliver stress-free, secure meeting experiences. Media contactSylvie HartonChief Business Strategy
NZ Herald
08-05-2025
- Automotive
- NZ Herald
Listen to The Country online: Federated Farmers update with president Wayne Langford
Jamie Mackay had many questions for Federated Farmers president Wayne Langford on today's show. Today on The Country radio show, host Jamie Mackay caught up with Wayne 'YOLO' Langford, the president of Federated Farmers, to find out what's the latest with the Feds. On with the show: Wayne Langford: Has the president of Federated Farmers sold his soul for a new Hilux? What are the main concerns from the provincial AGMs?
Time of India
24-04-2025
- Business
- Time of India
State proposes to double housing society registration fees, legally recognise online GBMs
Pune: State govt has proposed to double the housing society registration fees and introduce legal recognition for online meetings in draft rules for amendments to the Maharashtra Cooperative Societies Rules , published on April 15. The registration fees for housing societies will increase from Rs2,500 to Rs5,000 under the draft Maharashtra Cooperative Societies Rules, 2025. A significant digital transformation move provides legal recognition to online general body meetings (GBMs) with virtual participation and voting, reflecting post-pandemic operational shifts. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune "Whether it is about uniformity of maintenance charges, reducing the interest on late payment of maintenance or online meeting attendance in AGMs (annual general meetings) and filling up casual vacancies without going to the election authorities, the reforms will definitely help all societies in the state," said state cooperation department commissioner Deepak Taware. State govt has invited feedback from all stakeholders through the cooperation department's official portal by May 15. The implementation of the new rules is expected later this year. The Maharashtra Cooperative Housing Society Act, amended in 2019, did not have accompanying draft rules. The reforms will standardise maintenance structures by mandating uniform service charges per unit, addressing the controversial practice of charging it based on the carpet area. The draft rules propose to reduce maximum interest rate on delayed maintenance dues from 21% to 12% per annum on simple interest, providing relief to those struggling with payment backlogs. The financial governance has been completely restructured in the draft rules. New requirements for multiple funds, including reserve, sinking, major repairs, education and training, and cultural and welfare funds, have been introduced. The drat rules propose to introduce a formal process for society name reservation under Rule 106 C-2, replacing the previously vague procedures. It also bats for simplifying the process of filling up casual vacancies in managing committees without approaching the election authorities, further reducing the administrative hurdles. For residents dealing with property transfers, the new rules will address succession issues by allowing transfers based on registered family settlement deeds. This is expected to significantly reduce litigation. The amendments create a clear process for admitting nominees as provisional members following a member's death. In a move aimed at boosting redevelopment, societies can now borrow up to 10 times the approved value of their land, against the previous limit of 10 times their own funds. For redevelopment projects, the developer selection process must be video-recorded in the presence of at least 51% of the members. "This reflects a consultative and inclusive approach in the law-making process. Practical concerns of housing societies have been taken into account," said Shreeprasad Parab, expert director at the Maharashtra State Cooperative Housing Federation. "There are many beneficial provisions such as clarity on funds and utilisation, filling up casual vacancies without external interference, making the redevelopment process more transparent, provisions for raising funds for self-redevelopment, clarity on membership categories, provisions pertaining to family arrangement, strengthening provisions on members' education and precise provisions for recovery of dues," he said. "Overall, the proposed rules are a balanced blend of regulatory clarity, operational flexibility and participatory governance. Their implementation, following public consultation, will undoubtedly foster greater transparency, trust and accountability in Maharashtra's cooperative housing sector," said Parab. FOR GRAPHIC HL: MONEY MATTERS 1.25 lakh housing societies are there in Maharashtra The draft for the proposed Maharashtra Cooperative Societies Rules was published on April 25 State govt has invited feedback from all stakeholders through the cooperation department's official portal by May 15 Rs5,000 has been proposed as housing society registration fees Its current rate is Rs2,500 The draft proposes to reduce maximum interest rate on delayed maintenance dues from 21% to 12% per annum on simple interest MANDATORY FUNDS Reserve fund Sinking fund Major repairs fund Education & training fund Cultural and welfare fund (for social, cultural, and recreational activities)
