Deutsche Bank aims to cut roughly 23,000 jobs, or about one quarter of total staff, through layoffs mainly in technology activities and by spinning off its PostBank division, financial sources said on Monday. That would bring the group's workforce down to around 75,000 full-time positions under a reorganization being finalised by new Chief Executive John Cryan, who took control of Germany&#...
North Korea's space agency is close to developing a new satellite and readying it for launch, state media said on Monday, suggesting it will fire a long-range rocket around a national anniversary next month. North Korea will celebrate the 70th anniversary of the founding of its ruling Workers' Party of Korea (WPK) on Oct. 10 and has been expected to launch an upgraded long-range ballist...
Fitch Ratings has upgraded Delta Air Lines’ Issuer Default Rating (IDR) to ‘BB+’ from ‘BB’. Fitch has also upgraded Delta’s Seattle project bonds to ‘BB+’ from ‘BB’ and assigned ratings of ‘BBB-’ to Delta’s 2015 secured credit facility. The Rating Outlook is Positive. The ratings upgrade reflects on-going improvements...
VAS Aero Services, a global leader in aviation logistics and aftermarket services, reported today that it has named VAS’ Chief Commercial Officer and distinguished aviation industry executive Tommy Hughes as the Florida-based company’s new Chief Executive Officer and shareholder. A prominent and longtime professional with decades of experience in aviation and aerospace, Mr. Hug...
Batik Air (ID, Jakarta Soekarno-Hatta) is planning to commence international operations out of the tourist town of Manado a CAPA report has suggested. In line with Lion Airlines CEO Rusdi Kirana's comments last year that the Group intends to develop international hubs in the east and west of the Indonesian archipelago, so Batik's long-term strategy is to devel...
Airbus Group SA doesn't anticipate taking a hit to aircraft orders from the economic slowdown in China, Chief Executive Tom Enders said on Monday, as Airbus opened its first jetliner factory on U.S. soil. "Obviously we watch our markets with great interest," Enders said in an interview at a ribbon cutting ceremony for the US$600 million plant in Mobile, Alabama. "Bu...
A Bell 407GX helicopter crashed in southwest China's Chongqing Municipality on Sunday afternoon, and all four people on board were killed. "There are no black boxes on the crashed helicopter, but there are other devices which record the flight data of the helicopter, and the search is under way for the devices," said an official from the Chongqing Civil Aviation Safety Superv...
A flight from Miami headed to Chicago was diverted to Indiana after a female passenger struck a flight crew member, an airline representative said. The incident occurred around 6:00 p.m. Monday and involved an American Airlines flight #1284, according to the airline representative. The spokesman said a flight crew member was stuck by the woman while restraining her, according to NB...
AirAsia X Bhd. is in talks with Airbus Group SE to delay more planes due for delivery in the next two years as the long-haul arm of Southeast Asia's biggest low-fare carrier takes steps to improve its financial standing. The airline has received three of the eight aircraft planned for 2015, with one more scheduled to arrive in October, Chief Executive Officer Benyamin Ismail said...
Missing a flight is always frustrating. But for passengers from the UK regions making two-hop trips on budget airlines, it can also prove expensive. If the first touches down too late to connect with the second, the traveller must pay for a new flight and possibly a night in a hotel. Gatwick airport has now unveiled a groundbreaking proposition aimed at passengers from Scotland, Northern Irelan...
Textron Aviation Inc.today announced that the Citation Jet Pilots (CJP) association has agreed to extend a free trial membership, including participation in CJP’s FuelAdvantage program to all Textron Aviation turbine owners based in the U.S. The CJP FuelAdvantage program provides competitive Jet-A fuel pricing at exclusive partner fixed-base operations (FBO) at hundreds of airports...
a Gala Evening to Raise Awareness and Support for Pacific Aviation Museum “Remember Pearl Harbor,” once a call to arms, now serves as a reminder of resilience, hope and a commitment to peace and friendship. Guests are invited to join Pacific Aviation Museum Pearl Harbor on Saturday, December 5, 5:30pm for the annual Gala. Themed “For Love of Country - Pass It On,”&n...
A consortium led by state-run New India Assurance Co. Ltd has beaten rivals from the private sector to insure Air India's 126-aircraft fleet for the fourth year in a row, two people close to the development said. For the $9.5 billion insurance cover, Air India will pay a premium of $22.5 million, less than then $24 million it paid last year. This makes it one of the biggest aircraft insuran...
PASSUR® Aerospace, Inc, an aviation business intelligence, big data, and software solutions company reported total revenue for the quarter ended July 31, 2015 increased 13% to $3,244,000, compared to $2,865,000 for the same period in fiscal year 2014, primarily as a result of two major multi-year contracts signed during the year. For the three months ended Ju...
Partners Capital Solutions, Inc.has provided a $16 million construction loan to Mission Grove Partners, L.P., to fund ground-up construction of a new industrial park in a redevelopment area adjacent to Ontario International Airport. This financing was a complex, public-private venture. Mission Grove Partners was referred to PCS after traditional lenders declined to finance the deal...
Istanbul’s third airport, which will have capacity for 150 million passengers and is scheduled to open in 2018, is moving ahead with the selection of a design firm. Istanbul New Airport, located 35 km from the city center on the European side of Istanbul, will be built and run by the IGA consortium. IGA comprises five Turkish contractors: Cengiz, Mapa, Limak, Kolin and Kalyon....
Following in the footsteps of its smaller sister, the Trent XWB-97 is making great development strides, with 5 out of 8 development engines already run and the milestone of 1000 cycles, achieved. The next key marker is the Flying Test Bed (FTB) engine which has been built and delivered to Airbus in Toulouse. It is being prepared to be installed onto the Airbus A380 in-house flying test bed aircraf...
JSC Baltic Aviation Academy, aviation training centre, successfully operating in Europe, CIS and Asia regions, announced the change of its name to BAA Training Aviation Academy (BAA Training). BAA Training headquartered in Vilnius (Lithuania) counts more than 20 years of experience in aviation training business. Starting from the Pilot and Cabin Crew training, today training academy is offering fu...
Company, industry and community leaders mark start of A320 Family aircraft production in Mobile, Alabama In a much-anticipated ceremony today in Mobile, Alabama, Airbus inaugurated operations at its first ever U.S. Manufacturing Facility. The plant – which assembles the industry-leading family of A319s, A320s and A321s – is officially open for business, with a skilled team of...
All Nippon Airways (ANA) Saturday officially unveiled a Star Wars themed Boeing 787-9 Dreamliner at the Boeing Everett Factory, Washington, which is the first of three aircraft to be decorated with Star Wars characters as part of an agreement between the Japanese airline and the Walt Disney Company (Japan) Ltd. The R2-D2™ 787 rolled out of the Everett paint hangar for...
Beijing Capital International Airport (PEK) registered a year-on-year growth of 4.1 percent in passenger numbers in August 2015, according to data released by Beijing Capital International Airport Company Limited (BCIA) on Monday. As many as 8.14 million passengers traveled through the airport in the past month, up 4.1 percent from a year earlier. The number of passengers travelling o...
