The European Union and Singapore have successfully concluded talks on the Investment Protection Chapter of the EU-Singapore Free Trade Agreement (EUSFTA). Once the parties have signed and ratified the agreement, EU exporters will be able to ship any goods to Singapore without paying import duties. The two sides have also granted bilateral access to many service markets. 'The conclusion of this chapter marks a very important step in our partnership with Singapore, strengthening our investment … [Read more...] about Singapore and EU conclude FTA negotiations
Carriers
AFRAA appoints new president
At the close of the 46th general meeting of the African Airlines Association (AFRAA), organised by Air Algérie in early November, Fatima Beyina-Moussa, managing director of Equatorial Congo Airlines (ECAir), has been named president of AFRAA. She has headed the national airline of the Republic of the Congo since its creation in 2011. A graduate of HEC Montreal with an MBA from the University of Ottawa, Beyina-Moussa obtained a DEA (postgraduate degree) in International Economics at … [Read more...] about AFRAA appoints new president
Gulf Air renews IT network deal with SITA
Gulf Air has signed a two-year renewal deal with air transport IT specialist, SITA, for network, messaging and voice services. SITA is providing the airline with a comprehensive global network infrastructure, Type B Messaging services, a mail platform for operational messages and global voice and data services. Commenting on the renewal, Gulf Air Acting chief executive officer Maher Salman Al Musallam said: “At Gulf Air we are committed to providing our customers with superior service … [Read more...] about Gulf Air renews IT network deal with SITA
ACS receives award from Cargolux
Cargolux presented its 2014 DGR Awareness Award to ground handling company Air Cargo Services Center – ACS in appreciation of the keen efforts of ACS DGR team in the area of dangerous goods compliance, handling and reporting during a ceremony in Hanoi. The Cargolux DGR Awareness Award is an annual recognition and is presented following a joint decision by the Aviation Safety and Ground Services departments on the basis of data from ground safety reports, air safety reports and any … [Read more...] about ACS receives award from Cargolux
Boeing begins final assembly on 787-9 Dreamliner
Boeing has started final assembly of the 787-9 Dreamliner at its South Carolina facility. The team began joining large fuselage sections of the newest 787 Nov. 22 on schedule. The North Charleston, S.C., site joins Boeing’s Everett, Wash., final assembly, which began 787-9 production in May 2013. United Airlines will take delivery of the first South Carolina-built 787-9. “Our team is well prepared and eager to assemble the 787-9 Dreamliner,” said Jack Jones, vice … [Read more...] about Boeing begins final assembly on 787-9 Dreamliner
Fitch: Outlook stable for Latin American airlines
The outlook for the Latin American Airlines sector is stable for 2015, according to Fitch Ratings. Fitch Ratings expects credit profiles for main carriers to remain stable in 2015 based on their capacity to preserve stable margins and maintain balance in capex levels and cash flow generation. Rational capacity management is projected to prevail in the sector during 2015, according to Fitch. Most players are expected to touch single-digit capacity growth rates in 2015. Fitch's view of … [Read more...] about Fitch: Outlook stable for Latin American airlines