practices through three related initiatives. First, it is advocating a change in the accounting standards towards an expected loss (EL) approach. The Committee strongly supports the initiative of the IASB to move to an EL approach. The goal is to improve the usefulness and relevance of financial reporting for stakeholders, including prudential regulators. It has issued publicly and made available
a common accounting system
that is perceived as stable, transparent, and fair to investors across the world,
whether local or foreign.
●Risk Evaluation : IFRS will eliminate barriers to cross-border listings and will
be beneficial for investors who generally ascribe a risk premium if the
underlying financial information is not prepared in accordance with
international standards.
and Certain Other Acts Committed On Board Aircraft-concerned with the whole subject of crime on aircraft and particularly with the safety of the aircraft and its passengers.
2) The Hague 1970. Convention for the Suppression of Unlawful Seizure of Aircraft dealing with hijacking, specifically, recommending that it be made an extraditable offense.
3) Montreal 1971. Convention
and the techniques and tactics employed. Reassessment, if it is to be of any value in the preventative sense, should be based on accurate and timely intelligence concerning the intentions, capabilities and actions of terrorists before they reach the airport. Here too, international cooperation has a vital part to play, a fact underlined when the United States signed into law the Foreign Airport S
building lease takes up more than 95% of the total revenue, so they need to focus on that type of business.
Korean Air made a low-cost subsidiary carrier called Jin Air. It is a premium short haul carrier. Their vision is “Global standard: Popular, Practical, Proper Safety.”
Operating Revenues
Operating Results (based on 2008 IATA standards)
Operating Revenues (based on 2008)