World Economic Forum logo in Davos on January 29, 2009 on the second day of the World Economic Forum. More than 2500 heads of states and governement, ministers, captains of industry and leaders of churches and pressure groups make the annual pilgrimage to the top of Swiss mountain to debate challenges facing the world. AFP PHOTO FABRICE COFFRINI (Photo credit should read FABRICE COFFRINI/AFP/Getty Images)
Gurugram, January 11, 2019: The Aviation, Travel, and Tourism (ATT) Governor’s Meeting at the World Economic Forum in Davos this year will be chaired by Mr. Ajay Singh, Chairman and Managing Director of SpiceJet. Mr. Singh is the first Indian to chair the prestigious Meeting. He will be the chair of the ATT Governors Board through the year 2019.
The meeting, which is scheduled to be held on 24th January, will deliberate on the challenges confronting the sectors and the key takeaways should help in potential policy reforms for the Aviation, Travel and Tourism industry. The ATT board hosts 15-18 members which include the CEOs of leading global airlines, hotel chains, and online travel companies among others.
“I am truly honored to chair the WEF’s ATT Governor’s Meeting and look forward to working closely with the rest of the board, the ATT leadership team and all our members to address the critical issues facing our industry and customers,” said Mr. Ajay Singh.
Some of the global leaders participating in this meeting are Arne Sorenson, President, and CEO, Marriott International Inc; Carsten Spohr, Chairman and CEO, Deutsche Lufthansa; Fred Lam Tin-fuk, CEO, Airport Authority (Hong Kong); Gillian Tans, President and CEO, Booking.com BV; Grandhi Kiran Kumar, Corporate Chairman, GMR Group; Jose Silva, CEO, Jumeirah Group; Keith Barr, CEO, InterContinental Hotels Group Plc; Luis Maroto, President and CEO, Amadeus IT Group SA; Mark D. Okerstrom, President and CEO, Expedia Group; Shinya Katanozaka, President and CEO, ANA Holdings Inc.; Thomas Klühr, CEO, Swiss International Air Lines Ltd..
The session will focus on developing multilateral synergies towards sustainability of ATT, reduction of carbon footprint in line with the Paris Accord and the Fourth Industrial Revolution (in technology) driven by Artificial Intelligence and Machine Learning which will help develop a more consumer and environment-friendly experience for both industry and customers.
The session will provide an opportunity for Industry Governors to address key trends and issues such as — industry collaboration to secure its operations, innovations to ensure long-term environmental and cultural sustainability and the impact of changing consumer behavior and technological advances on the industry, investments, and workforce planning.
According to IATA, aviation industry contributes to 2% of the total greenhouse gas emissions in the world which will rise as the aviation industry is expanding and has set ambitious targets to mitigate carbon emissions from air transport. SpiceJet is the only airline in India to explore aerial operations powered by BioJet fuel and intends to undertake operations using a blend of 75% of aviation turbine fuel (ATF) and 25% of BioJet fuel, which has the potential of reducing carbon footprint by 15%. Besides the airline last year also inducted its first Boeing 737 MAX that is 14% more fuel efficient than the previous 737s thereby dramatically reducing noise pollution and greenhouse gas emissions.
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