The head of one of Turkey’s leading airlines has taken up a senior role at industry body the International Air Transport Association (IATA).
IATA’s Board of Governors have elected of Pegasus Airline Chief Executive Mehmet T. Nane (pictured above) as Chair of IATA’s Audit Committee. His three-year term officially began on 19 January 2021.
Commenting on his appointment, Mr Nane said, “The global aviation industry is experiencing its most challenging period, unprecedented in history. During such a period, I am proud to have been chosen for this important role and to carry this great responsibility.
“No matter how difficult the conditions are; as IATA, we will continue to work tirelessly with the aim of helping the airline industry operate safely, securely, efficiently, and economically under clearly defined rules.
“As the global aviation industry, we will continue to work with great effort, jointly with our valuable partners, to overcome these difficult days all together.”
Founded in 1945, IATA today represents 290 member airlines from 120 countries, or 82% of total air traffic.
IATA’s Audit Committee answers directly to the Board of Governors. Comprised of a five-person team, the committee is responsible for reviewing the organisation’s financial reporting process, the system of internal control and management of financial risks, the audit process and the process of monitoring compliance with laws and regulations.