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Commercial Aviation’s 2 Century:

A view from the

flight deck

The Royal Aeronautical Society 11 annual Assad Kotaite Lecture was delivered by Captain
Don Wykoff, IFALPA’s President, at International Civil Aviation Organization Headquarters.

he named Lecture is held each year by the Legacies of the world financial crisis range
TRoyal Aeronautical Society (RAeS) from large private and public debt to high
Montreal Branch to honour the career of Dr. unemployment. These factors influence
Assad Kotaite FRAeS who served as ICAO confidence, demand and growth.
Secretary General from 1970 to 1976, helping The global recovery is uneven and its pace
to define its growing role in multilateralism is increasingly country specific. The
and resolution of regional conflicts. As International Monetary Fund (IMF) reports
President of the Council of ICAO from 1976 to that global GDP growth has slowed and has
2006, he was instrumental in guiding the revised its projection downward to 3.3% in
organization to support the safe, orderly and 2014 and 3.8% in 2015.
sustainable growth of air transport. Geopolitical adversities and pandemic
Prominent aerospace leaders present on threats persist as factors of volatile share prices,
advanced international topics. sluggish production and lethargic exports.
On December 3 , 2014, IFALPA President However, the IMF notes that among
Capt Don Wykoff, delivered the 11th annual advanced economies, the United States and the
Assad Kotaite Lecture at ICAO Headquarters. United Kingdom in particular are leaving the
crisis behind.
ECONOMIC LANDSCAPE Fuel costs have moderated due to
The futures of pilots as stakeholders and the weakening demand and increased production,
Captain Don Wykoff airline industry at large are inextricably tied. A crude down 16%; jet fuel down 12% and prices
IFALPA President Executive Board shared understanding of economic drivers is have stabilized. Passenger revenues show
an important element of their engagement. steady growth while cargo revenue recovery is
Real GDP Growth and Projections
Source: IMF World Economic Outlook: Legacies, Clouds, Uncertainties (October 2014)

Register via the Members Area of the
IFALPA website:
HUPER/1 Committee Meeting
May 9-11, 2015 - Vienna, Austria

ATS/1 Committee Meeting
May 25-27, 2015 - Hong Kong

ADO Committee Meeting
June 29 - July 1, 2015 - Seattle,

InterPilot | The Safety and Technical Journal of IFALPA ISSUE 2 | 2015
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