Home Page About us Forum MIL
Tracuu
 



Username
Password
 
Member Register


 
 
 
Login

     

Japanese airports have fuel supplies for only 10 days – IATA

3/23/2011 10:50:43 AM

The International Air Transport Association (IATA) urged airlines to use fuel supplies in Japan efficiently as stocks at some airports had fallen to 10 days' worth of supply, reported Dow Jones Newswires.

IATA said it was too early to assess the long-term impact of the Japanese earthquake and tsunami on the global air transport industry, but it was coordinating actions among airlines to maximise fuel supplies in Japan and briefing carriers and officials on rationing if shortages arise,

Some airports stock between two and three weeks' supply of fuel, but the exact quantity would depend on how close the airport is to a refinery.

IATA suggested planes carry sufficient fuel for both legs of journeys, avoiding the need to refuel in Japan, but that can only be used for short-haul and domestic routes and isn't a long-term solution.

Some airlines, such as British Airways, Lufthansa and SAS already have made adjustments to their schedules to make stops to refuel elsewhere.

IATA has experience of fuel shortages following a fire at the Buncefield oil-storage facility in England in 2005 that led to a major loss of aviation fuel.

Fuel still could be imported and military bases and trucks could be used to help transfer fuel to airports.

Japan refines a high proportion of its own aviation fuel and produces about three to four percent of global supplies.

Japan's aviation market is worth US$62.5 billion a year, representing 6.5 percent of world-wide scheduled traffic and 10 percent of the industry's revenue. It faces severe disruption following an earthquake and tsunami on March 11 that may have claimed more than 10,000 lives and damaged a nuclear facility at Fukushima, escalating the disaster.

"A major slowdown in Japan is expected in the short term," said Giovanni Bisignani, IATA's director general. "And the fortunes of the industry will likely not improve until the effect of a reconstruction rebound is felt in the second half of the year."

IATA said Japan's domestic market, which carries 83 million passengers per year and represents about $19 billion in revenue, was the most vulnerable.

The most exposed market to Japanese operations is China, where Japan accounts for 23 percent of its international revenue.

Taiwan and South Korea are equally exposed with 20 percent of their revenues related to Japanese operations, followed by Thailand with 15 percent revenue exposure. France is the most exposed European market at seven percent, followed by Germany with six percent and the UK with three percent.

 

Cargonews Asia

RELATED NEWS
OTHER NEWS
COMMENTS

Your comment

Content:
Email / Name / Tel:
 
The most comprehensive and easy-to-use global marine weather application
With the Courtesy of Bao Hoang Yachts Co.
Click "HERE" to get your own 30day free trail
or contact Ms Phuong Bui at Vietnam Shipper:
phuongbq@vil.com.vn / 08.39330 148

On its way to develop alternative energy-sources for greener aviation, Airbus is also supporting basic research activities for electric aircraft concepts “eGenius”...
more ...
 
Which column are you most interested in VietnamShipper?
Very great
Great
Normal
Not very great

© 2005 Copyright byVietnam Institute of Logistics/ Vietnam Shipper. All right reserved. --- Contact for Advertisement

25th Floor, Pearl Plaza - 561A Dien Bien Phu Str., Binh Thanh Dist. HCMC - Vietnam - Tel: (+84.8) 3513 6399 - Fax: (+84.8) 3513 6359 - Email: admin@vietnamshipper.com