TNT Express NV, the Dutch logistics company being taken over by FedEx Corp., said third-quarter profit fell because of economic turmoil in markets such as Brazil, China and Australia. Adjusted operating income in the period was probably "materially lower" than last year, TNT said in a statement prior to an extraordinary shareholder meeting at its headquarters in Hoofddorp on Monday. P...
Emirates, the biggest customer for Airbus Group SE' A380 superjumbo, said it has presented the manufacturer with a 20-year operating program for the aircraft, stepping up its campaign for a re-engined version of a model that's struggling for orders elsewhere. "We had several meetings with Airbus this year on the A380neo, on what we want and how many, right up until 2035,"...
Jet Aviation St. Louis on Friday received FAA STC approval of a Rockwell Collins Fans 1/A solution for the Bombardier Challenger 604. The two companies said they teamed up to leverage their combined experience and expertise on the Challenger 604 airframe. The Fans 1/A upgrade package, which includes the Automatic Dependent Surveillance-Contract (ADC-C) and controller pilot d...
Details have begun to emerge about plans to fill a likely service vacuum left by failing Russian carrier Transaero following last week’s disclosure that shareholders had missed a deadline to consolidate 75 percent of its shares for subsequent transfer to Aeroflot. Instead of saving Transaero, Aeroflot has posited an idea to create a sort of substitute to it by merging three air...
Business jet financing firm Global Jet Capital announced an agreement today to purchase the aircraft lease and loan portfolio of GE Capital Corporate Aircraft in the Americas, representing approximately $2.5 billion of net assets. Terms were not disclosed. The deal is expected to close by year-end. As part of this transaction, the GECapital Corporate Aircraft team will join the Glob...
Indonesian rescuers said Monday they have found the wreckage of a small plane carrying 10 people that went missing on a domestic flight three days ago. The DHC-6 Twin Otter plane lost contact with air traffic controllers 11 minutes after taking off in good weather Friday from Masamba in South Sulawesi province. National Search and Rescue Agency chief Henry Bambang Soelistyo said the wreckage...
Air France will negotiate with Boeing and leasing company AerCap to cancel the delivery of five 787 passenger jets, Chief Executive Frederic Gagey said on Monday as he unveiled new cost-cutting measures for the troubled airline. The five Boeing planes had been due for delivery in 2016 and 2017, Gagey said during a news conference, adding that additional orders for the 787 were also under r...
Airbus faces a double test of confidence in the A380 superjumbo in the coming months as Singapore Airlines ponders whether to renew its first lease while the planemaker seeks to bolster new sales, a leading industry banker said. The Southeast Asian airline was the first to fly the world's largest airliner in 2007 and a 10-year lease for its first aircraft expires in 2017. Airlines...
An American Airlines captain became gravely ill and incapacitated while flying from Phoenix to Boston and later died, but his first officer safely diverted and landed the nearly 150-passenger plane, an airline spokeswoman said. Passengers on the flight were told the pilot was sick and it was making an emergency landing in Syracuse, and they later learned of his death in a scenario tha...
Air Partner has successfully delivered 90 tonnes of food to the Central African Republic as part of the United Nations MINUSCA Project. Air Partner delivered the aid on behalf of Ecolog International in supports of the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA) project. “We are delighted that we were able to le...
Air Partner has transported 90 tonnes of aid from Belgium to the Central African Republic to support the United Nations Multidimensional Integrated Stabilization Mission in the Central African Republic (MINUSCA). Air Partner chartered a Boeing 747 Freighter from Liege Airport to fly the supplies to M’Poko International Airport in Bangui, the capital of the Ce...
Volga Dnepr Group’s says its growing third-party logistics division in Russia and the CIS has organised the delivery of over 190 tonnes of shipments for project engineering company, Telekom-Zapad. The cooperation started with Volga-Dnepr delivering a shipment of cable samples to Yakutsk in the Russian Far East, located 450 kilometres south of the Arctic Circle, using bellyhold c...
