After three years of proceedings, an arbitration tribunal has ruled that Malaysian Airline System Bhd (MAS) breached its obligation under a cargo ground handling agreement with Hahn, Germany-based ground handling company, ACL Advanced CargoLogistic GmbH. The tribunal proceedings against MAS at the ICC International Court of Arbitration in Paris, France, were initiated by ACL managing director, Uwe Beck in September 2004, claiming more than 60 million euros (RM240 million) for reneging on the … [Read more...] about MALAYSIA: Tribunal rules against MAS in ACL case
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GATEWAYS
The fi nal assembly of the fi rst Boeing 787 has been completed and the fi rst “Dreamliner” left the assembly line late last month. The Boeing 787 Dreamliner is a mid-sized, wide body, twin-engined aircraft, which is scheduled to enter service in May 2008. Boeing has stated that it will be morefuel-effi cient than comparable earlier Boeing aircraft. It is also the fi rst major airliner to use composite material for most of its construction. … [Read more...] about GATEWAYS
ASIAN AIR CARGO SUPPLEMENT – HNA Group to create China's fourth-biggest carrier
CAAC granted a public air transport enterprise operating license to HNA Group for its Grand China Air entity, bringing the Hainan Airlines parent one step closer to launching its new carrier, Air Transport World (ATWOnLine) reported. It added that the new airline will combine Hainan along with Xinhua Airlines, Changan Airlines and Shanxi Airlines, which will create the country'sfourth-largest commercial carrier. HNA Group president Chen Feng called the license "an important milestone." It … [Read more...] about ASIAN AIR CARGO SUPPLEMENT – HNA Group to create China's fourth-biggest carrier
ASIAN AIR CARGO SUPPLEMENT – China's civil aviation industry to face 'small' recession in 2009
CCID Consulting, a leading research, consulting and IT outsourcing service provider in China, said in a report that revenues from the main operations of China's entire civil aviation industry surpassed 200 billion Yuan in 2006 and total profi ts reached nearly 10 billionyuan. CCID Consulting analyst Liu Xu said that the civil aviation industry will maintain an overall relatively high-speed growth from 2006 through 2009. During this time the Beijing 2008 Olympic Games and other factors will … [Read more...] about ASIAN AIR CARGO SUPPLEMENT – China's civil aviation industry to face 'small' recession in 2009
Narita Int'l Airport Corp
Narita International Airport Corporation has appointed Kosaburo Morinaka as the new president and CEO. Morinaka's appointment results from his proven international experience in management, his ability to understand customer needs and produce innovative ideas in his career at Sumitomo Corporation spanning more than 30 years. Morinaka was formerly a member of the board at Sumitomo Corporation, and prior to that he was executive vice president at Sumitomo Corporation. … [Read more...] about Narita Int'l Airport Corp
India Post to launch "Post Bank of India"
In its bid to diversify the varied fi nancial services and helping the common people, India Post is considering to launch a full-fl edged banking system- "Post Bank of India" in the country, the Hindustan Times reported. The announcement was made by Union Minister of State for Communication and Information Technology Dr Shakeel Ahmed, who noted that the main aim of introducing the banking system was to offer loans to the people in the remotest parts of the country exploiting the … [Read more...] about India Post to launch "Post Bank of India"
