AAR Corp. announced that its 100 per cent owned subsidiary, Telair International has signed a definitive agreement to purchase the cargo loading system assets of Speyer, Germany-based PFW Aerospace. AAR said the acquisition will enhance Telair's market position as one of the leading suppliers globally of cargo loading and baggage handling systems. Upon completion of a transition period after closing, Telair will transfer the assets to, and perform operations at, its Miesbach, Germany … [Read more...] about AAR aquires cargo loading assets of PFW Aerospace
Aircraft Manufacturers
SIA and Tata to start new Indian airline
Singapore Airlines and India's holding conglomerate Tata Sons, have signed a Memorandum of Understanding and applied for Foreign Investment Promotion Board (FIPB) approval to establish a new full-service airline in India to based in New Delhi following regulatory approvals. The two say the creation of the new airline "will help further stimulate demand for air travel" in the country. Tata Sons will own 51 per cent and Singapore Airlines will own 49 per cent. Details of the … [Read more...] about SIA and Tata to start new Indian airline
Airbus, China sign ATM modernisation agreement
Airbus and China’s Air Traffic Management Bureau (ATMB) signed a Memorandum of Understanding (MoU) to cooperate on modernising the country’s Air Traffic Management System and to implement the latest Air Traffic Management (ATM) technologies. The MoU signed by Airbus and the ATMB under the Civil Aviation Administration of China (CAAC) focuses on improving air transportation, capacity and efficiency, while contributing to a sustainable future. It will also help in harmonising … [Read more...] about Airbus, China sign ATM modernisation agreement
Slow cargo uptick in July, Asia still weak
The International Air Transport Association (IATA) announced global air cargo traffic results for July showing a continuation of the modest improvement trend experienced in June. Global freight tonne kilometres (FTKs) were up 1.2 per cent in July year-on-year, slightly better than the 0.9 per cent year-on-year increase recorded in June, as growth in Europe and the Middle East offset weakness in Asia. As a result of the July performance, air freight volumes are at their highest level … [Read more...] about Slow cargo uptick in July, Asia still weak
IATA’s June figures offer hope with 1.2% expansion
The International Air Transport Association (IATA) released June figures showing a 1.2 per cent year-on-year expansion in global air freight demand. Although weak, this is a clear improvement when compared to the 0.9 per cent year-on-year demand growth recorded in May and the 0.1 per cent growth realised over the first half of the year. While previously the global economic trend has been defined by robust emerging economies and stagnant growth in developed markets, the strongest improvements … [Read more...] about IATA’s June figures offer hope with 1.2% expansion
Garuda delays London service due to Jakarta runway problem
Due to runway problems at Jakarta's Soekarno-Hatta Airport, Garuda Indonesia has been forced to postpone its new service to London, which had initially been planned for 2 November 2013. Garuda said the pavement classification number (PCN) of the runways and apron at Soekarno-Hatta Airport do not meet the required level of strength which is typically needed for the operation of a full capacity, heavy duty commercial aircraft, such as the B777-300ER. Garuda Indonesia president & CEO … [Read more...] about Garuda delays London service due to Jakarta runway problem
