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Jan 16, 2012
Lufthansa Consulting GmbH , Cologne, Germany, appointed Dr. Andreas Jahnke managing director, succeeding Werner Schuessler, who retired at the end of 2011.
Jan 16, 2012
Transportation Trades Department, AFL-CIO , Washington, appointed Jennifer Michels communications director.
Jan 16, 2012
StandardAero Business Aviation , Tempe, Ariz., named Greg Diognardi Falcon 900 technical sales manager, a new position.
Jan 13, 2012
Indonesia’s government has talked up the prospect of floating an initial public offering (IPO) for GMF AeroAsia, Garuda Indonesia’s maintenance arm, but the unit’s president director, Richard Budihadianto, downplays the prospect of an IPO this year. Budihadianto told local news media that his company is unable to conduct an IPO because Garuda Indonesia still accounts for 70% of GMF’s revenues. Under Indonesian stock exchange rules, a company is prohibited from conducting an IPO if its parent company accounts for more than 50% of its revenues.
Jan 13, 2012
Lufthansa Technik (LHT) is now the sole owner of AirLiance Materials after buying its partners’ shares of the Chicago-based spare parts services provider. United Airlines, Air Canada and Lufthansa Technik formed the joint venture company in 1998, with LHT holding the majority of shares. The companies did not disclose the acquisition price or closing date. LHT intends to expand AirLiance Materials’ service portfolio and provide resources to enable the company to expand its international airline customer base and reach.
Jan 10, 2012
Malaysia Airlines (MAS) is increasing services on some routes to Asian and U.S. destinations, a move that comes after it sharply scaled back its services to Europe and the Middle East. MAS says it is increasing services from Kuala Lumpur to Manila, Philippines; Phnom Penh, Cambodia; Bangkok; Medan and Jakarta, Indonesia; Beijing; Taipei, Taiwan; and Los Angeles. Most of the increases in frequency go into effect March 25.
Jan 10, 2012
American Airlines is canceling its daily flight to New Delhi, ending service to Burbank and closing a ground services equipment refurbishment facility in St. Louis as part of an operational plan that was formed prior to the carrier’s Chapter 11 filing in late November. The plan also calls for a staff reduction in San Juan, P.R., where the airline has withdrawn capacity under the “cornerstone” strategy that focuses on operations in Chicago, Dallas/Fort Worth, Los Angeles, Miami and New York.
Jan 09, 2012
The past year has seen a lot of turbulence in the stock market, but there have been a few bright spots for investors in aerospace and defense companies. Shares in suppliers of aerospace components fared particularly well in 2011 as Airbus and Boeing ramped up output, and soaring order numbers added to the airframers' already bulging backlogs. Notable performers among suppliers include Hexcel (up 34%), TransDigm Group (33%), Triumph Group (31%), Sifco Industries (23%), Rolls-Royce (20%), Precision Castparts (18%), Safran (12%) and Moog (10%).