Lockheed Martin Corp said on Thursday that U.S. officials have approved its $9 billion takeover of Black Hawk helicopter maker Sikorsky Aircraft from United Technologies Corp. In a filing with the U.S. Securities and Exchange Commission, the company said authorities in Japan and South Korea had also approved the deal, but it was waiting for other regulatory approvals. Multiple sources famili...
In autumn 2014, the Finnish labour market organisations agreed on reforms to the public pension system, involving, among other things, a gradual increase of the statutory retirement age from 63 to 65 years. The Finnish Parliament is expected to adopt the Act in late 2015, and it is expected to become effective at the beginning of 2017. Finnair’s pilot pension benefits, which exceed the ex...
Russian Managers Association and Kommersant newspaper named the best Russian managers following the results of Russian companies of 2014. Eight top-managers of Irkut Corporation (part of United Aircraft Corporation) have made the list – it’s the maximum number of employees of a single company in the rating’s “Machine-building” section. The corporation’s top-mana...
Geneva – The International Air Transport Association (IATA) announced two senior management appointments: Gilberto Lopez Meyer, Senior Vice President for Safety and Flight Operations Nick Careen, Senior Vice President for Airport, Passenger, Cargo and Security Safety and Flight Operations (SFO) Gilberto Lopez Meyer will take up his role as Senior Vice President for SFO on 1...
Ryanair, Europe’s favourite airline, held its AGM in Dublin this morning (24 Sep 2015), during which the airline briefed shareholders on the continuing success of its “Always Getting Better” (AGB) customer experience programme, which has enabled Ryanair to raise its full year traffic forecast (previously 103m) to 104m customers, and its profit guidance by 25%, (previous...
During the Fourth Annual China Air Finance Development Summit held here, Okay Airlines, ATSG West Limited, Vipshop and others totaling five parties announced the establishment of an express air cargo joint venture serving multiple destinations within the Peoples Republic of China (including Hong Kong, Macau and Taiwan) and surrounding countries. The principal commercial partners in th...
WestJet Airlines announced the appointment of Harry Taylor to the position of Executive Vice President, Finance, and Chief Financial Officer, effective October 26, 2015. Harry brings over 20 years of senior financial, operational and strategic experience in the retail and consumer products industries. He joins WestJet from Canadian Tire Corporation where he has worked since 2010, most recently...
Hartsfield-Jackson Atlanta International Airport officials and Georgia Power leadership celebrated the completion of the latest energy efficiency upgrades at the world’s busiest and most efficient airport. At a special event in the Airport atrium, Georgia Power presented a $45,901 rebate check to Hartsfield-Jackson as part of the company’s Commercial Energy Efficiency program. Harts...
The International Civil Aviation Organization (ICAO) announced the launch today of its new centralized online information area for aircraft tracking developments. The new aircraft tracking information area, available on the ICAO Public Website, provides a detailed timeline and all supporting reports and documentation relating to the call for and realization of the world’s first globa...
MTU Maintenance and AAR have signed a contract that secures for MTU the supply of used material for PW2000 engines over the next five years. Within the framework of a consignment and inventory management agreement, AAR will store all PW2000 used parts at MTU’s facility in Hannover, Germany, which will significantly streamline the logistical processes and improve the turnaround time for PW200...
Russia has reportedly agreed to sell 50 helicopters to Egypt for the Mistral ships France initially intended to sell Russia. Russian news agency Lenta.ru reports Russia will be supplying Egypt with Ka-52 Alligator family helicopters. Authorities in Moscow say they are not ruling out the delivery of the deck-based version of the helicopters, according to unnamed sources. Interfax re...
Russian President Vladimir Putin is preparing for unilateral air strikes against Islamic State in Syria if the United States rejects his proposal to join forces, Bloomberg reported citing two people familiar with the matter. Russia has increased its military presence inside Syria and its arms supplies to the Syrian army as it steps up support of longtime ally President Bashar al-Assad...
FL Technics, a global provider of one-stop-shop aircraft maintenance, repair and overhaul services, continues to expand its presence in the emerging markets. The company is already set to open a subsidiary with its main office in the capital city of Thailand. Backed by the official approval from the Board of Investment of the Kingdom of Thailand, the Bangkok office shall act as the centre of...
EgyptAir Cargo reported 150 per cent profits this year when compared to 2014, and honoured cargo agents and exporters after they achieved the highest aircraft sales. Chairman and CEO of EgyptAir Cargo, Capt. Bassem Gohar, honoured and awarded the twenty export companies and cargo agents with certificates of appreciationafter the successful financial year. "I'd like to th...
In partnership with Eastern Airways, Bristow Africa is in the final stages of launching a new jet charter service between Lagos and the Port Harcourt Nigerian Air Force (NAF) Base using Bristow-branded Embraer 135 aircraft. Plans are to operate as many as six daily chartered flights as a shuttle between the two cities, conveniently scheduled with early morning and dusk departures to maximise a...
Moorabbin Airport has gifted a 3,000 square metre plot of land on site to a local charity kitchen for growing vegetables. The initiative with Victoria’s FareShare, a charity kitchen which rescues food and cooks meals for more than 400 charities across the state, is expected to produce 12 tonnes of vegetables such as pumpkin, broccoli, cauliflower and capsicum a year, enough for one millio...
On behalf of airports and air traffic management, ACI (Airports Council International) and CANSO (Civil Air Navigation Services Organisation) have collaborated closely to launch a new initiative to help reduce noise from aviation. They have today published “Managing the Impacts of Aviation Noise”, a best practice guide for reducing aviation noise, especially for communities near a...
VistaJet, global aircraft services provder, presents their new Challenger 605 intercontinental jet with the widest cabin in its category, enhancing personal productivity and performance. The Challenger 605 is an outstanding intercontinental jet with seating up to 12 passengers with five sleeping positions. Under the VistaJet Fleet Renewal Program, VistaJet is proud to present over ten Chal...
From coffee made out of cat droppings to puddings sprinkled with edible gold or ice-cream made from water found only on an African mountain top – it is no secret that the successful and wealthy do have the palates that are ‘special’ to say the least. And when it comes to dining aboard a private jet cruising at 30 000 ft, making any kind of food taste delicious becomes a challenge...
The U.S. President Barack Obama uses his own plane -- widely known around the world simply by its air traffic control call sign, "Air Force One" -- and so does North Korean leader Kim Jong-un. However, China has no special plane. When President Xi Jinping and his wife, Peng Liyuan flew to the U.S. they took a commercial flight. Xi and the first lady Peng Liyuan arrived in the...
Chinese President Xi Jinping boarded a Boeing 787 Dreamliner which is due to be delivered to Xiamen Airlines (FM) in the near future and had an interior tour of the airplane during his visit to Boeing's factory in Everett, Seattle on Wednesday. Accompanied by Boeing Commercial Airplanes President and CEO Ray Conner, President Xi boarded the Xiamen Airlines 787, Registration B-2763, experien...
