The IMF has cut its growth forecast for China’s economy to 6.7 per cent this year from 8.5 per cent and called upon Beijing to focus on boosting domestic demand. “It implies a lot of changes - difficult changes, painful changes - in the Chinese economy,” Dominique Strauss-Kahn, IMF managing director, said of the revised projection. China’s economic growth slumped to 6.8 per cent in the fourth quarter of 2008 with exports posting a 2.8 per cent year-onyear decline in … [Read more...] about IMF & China's

Los Angeles World Airports (LAWA) announced that Mercury Air Cargo, a tenant at Los Angeles International, has secured TSA certification as an Independent Cargo Screening Facility (ICSF) under new TSA air cargo screening guidelines that took effect 1 February. Mercury Air Cargo participated in TSA’s voluntary Certified Cargo Screening Program (CCSP) to certify its 200,000- square-foot, on-airport air cargo handling facility on Avion Drive as an ICSF. By utilising its on-airport facility, … [Read more...] about Los Angeles World Airports & Mercury Air Cargo

Australia has joined other member countries of the Organisation for Economic Co-operation and Development (OECD) in ratifying the Montreal Convention (MC) with new rules applying from January 24, 2009. The Convention for the Unification of Certain Rules For International Carriage by Air signed in Montreal in 1999 (“Montreal Convention”) sets out a framework for determining the liability of air carriers for injury or death of a passenger, loss or damage to luggage or cargo and damage … [Read more...] about Australia & Montreal Convention

Goodrich Corporation has been selected by Airbus to deliver broad maintenance, repair and overhaul (MRO) as well as asset management services as part of an Airbus Total Support Package (TSP) for Singapore Airlines’ fleet of 19 leased Airbus A330 aircraft. The flight hour-based support agreement, which includes Goodrich evacuation, lighting, actuation, sensors, de-icing and power products, covers the aircraft for an initial period of five years. The maintenance work will be conducted at … [Read more...] about Goodrich wins Airbus contract for SIA's A330s