Reported plans to streamline the ownership structure of EADS are unlikely to “materially improve corporate governance issues at the aerospace company,” according to Fitch Ratings.
France and Germany are reported to have reached a deal on restructuring their respective state shareholdings in European aerospace and defence conglomerate EADS, according to the German newspaper Handelsblatt. It reported that both France and Germany have each agreed to hold about 12% of the company, which owns Airbus, with Spain retaining its current 5.5% stake.
TIMCO Aviation Services purchased the assets of PEMCO World Air Services aircraft maintenance, repair and overhaul (MRO) operation at Cincinnati-Northern Kentucky International Airport. It has leased the hangar previously occupied by PEMCO to serve regional aircraft operators at the facility.
Canadian air navigation services provider (ANSP) NAV Canada has signed an agreement to acquire up to a controlling interest in Aireon, a wholly-owned subsidiary of Iridium Communications, creating a joint venture that will provide satellite-based aircraft tracking anywhere in the world.
Investec Aviation Finance has launched a new global aircraft fund to enable institutional investors and pension funds to invest in aircraft that are leased to airlines globally.
Following the European Commission’s (EC) Nov. 12 announcement that it was temporarily suspending its Emissions Trading System (ETS) for flights into and out of Europe, the EC has requested the postponement of all further aviation auctions for 2012.
ATR’s flight training center in Singapore has gained European Aviation Safety Agency (EASA) certification and will soon begin ATR 42-600 and ATR 72-600 training courses. The center will be inaugurated in mid-December and will provide flight crew type rating through recurrent training to differences courses. The EASA certification covers full flight simulator training for -600 aircraft, maintenance and training devices and a brief/debrief station. ATR also operates a -600 series full flight simulator training center in Toulouse, France.
Algiers-based Air Algerie signed a memorandum of understanding (MOU) with six other Arab Airlines for cooperation in maintenance and exchanging spare parts as well to create specialized maintenance centers, news agency Algeria Press Services reported without giving more details of the air companies. The MOU also includes airlines from Egypt, Saudi Arabia, Qatar, Kuwait and the United Arab Emirates.
Airways New Zealand (Airways) has become the first air navigation service provider (ANSP) to be endorsed by ICAO for the design of Performance-Based Navigation (PBN) instrument procedures.
Chinese carriers reported a collective net profit of CNY2.33 billion ($373 million) in October, down 39% compared to the net income of CNY3.82 billion for the same period last year.
United Airlines (UA) is set to get more flexibility with the types of aircraft it can operate under a tentative agreement reached with UA and Continental Airlines (CO) pilots represented by the Air Line Pilots Assn. (ALPA) union.
The Air Transport Action Group (ATAG) has released a new report on the future of air traffic management at the ICAO Air Navigation Conference in Montréal.
The Air Transport Action Group (ATAG) has released a new report on the future of air traffic management at the ICAO Air Navigation Conference in Montréal.
S7 Airlines has joined International Air Carrier Assn. as a full member. The Russian carrier has the largest route network within Russia. Air Canada appointed Annette Verschuren to its board of directors. Verschuren is the past president of The Home Depot Canada where she oversaw the company's growth from 19 to 180 Canadian stores and led its entry into China.
GE Aviation has acquired the assets of Ohio-based Morris Technologies and its sister company Rapid Quality Manufacturing. The privately-held companies specialize in additive manufacturing, a technology GE called a “new star” in its portfolio.
Ethiopian Airlines (ET) CEO Tewolde Gebremariam believes Chinese carriers could be on the cusp of seeking greater cooperation and equity ties with African airlines.
TP Aerospace won contracts from Bulgarian carrier Cargo Air for Boeing 737-300F wheels and brakes programs. It signed a multiyear brake-for-less program with TP Aerospace Solutions; a three-year wheel maintenance program through TP Aerospace Technics; and an agreement to assist Cargo Air in streamlining the commonality between installed wheels and brakes equipment on its fleet of three 737 freighters.
Airports Company South Africa (ACSA) on Friday said that flights at Africa’s Johannesburg O.R.Tambo International Airport (JNB) have not been disrupted by fuel contamination in the airport’s main Jet A1 supply line.
