Press Releases
The first cargo executive in this role
Hong Kong, November 8, 1996 - The International Air Transport
Association (IATA) announced at the 52nd Annual General Meeting in
Geneva that the IATA Board of Governors approved the recommendation
that Frederick W. Smith, Chairman, President and CEO of Federal Express,
be Chairman-Elect of the Board and member of the Chair Committee.
According to the Director of Corporate Communications, Mr. William
Gaillard, "The Board of Governors is IATA's most influential body in
shaping IATA's policies and controlling its finances."
"This is excellent news for Asia where air transportation is so important
and is expanding rapidly. We take pride in FedEx in contributing in any
way we can to promote further growth and development," said
Mr. Michael Ducker, Senior Vice President for FedEx Asia Pacific Division.
Smith moderated an afternoon seminar on "Air Traffic Management
Systems" focusing on ATM's global harmonization. The panel also
featured Mr. J C Baumgarten, CEO of Air France, Mr. Yang Ho Cho,
President & CEO of Korean Airlines and Sir Harry Tirvengadum,
Chairman and Managing Director of Air Mauritius.
The Chairmanship will be effective at the close of next year's annual meeting
when Dr. Cheong Choong Kong's, CEO of Singapore Airlines, Chairmanship
expires.
The IATA, founded in 1945 in Montreal, Canada, aims to promote the
safety and security of air services for the benefit of the peoples of the world,
to provide means of collaboration among airlines engaged in air transport
and to cooperate with the International Civil Aviation Organization
(ICAO) and other relevant international organizations.
FedEx currently services the Asia Pacific market with nearly 3,800
employees in 30 countries and territories. The company provides the most
extensive trans-Pacific air lift of any major competitor with wide-bodied
MD-11, DC-10 and A310 aircraft flying daily, linking its FedEx AsiaOne network
for overnight delivery to major commercial and financial centers
throughout Asia. It is the only express transportation carrier in the world
using its own aircraft and crews to provide an integrated service into and
out of the People's Republic of China.
Federal Express is the world's largest express transportation company
providing fast and reliable services for more than 2.5 million items to 211
countries each working day. The company employs approximately 124,000
people who operate an integrated global network of more than 560 aircraft,
37,000 vehicles and over 400,000 Powership® and FedEx ShipTM automated
shipping systems. Federal Express reported revenues of 10.3 billion for its
fiscal year ended May 31, 1996.
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