Air Partner, the global aviation services group, has announced the acquisition of Baines Simmons Limited, a world leading Aviation Safety Consultant for a total net cash consideration of up to £6.0 million (US$9.4 million). Air Partner pointed to the reputation of the Baines Simmons brand and the expertise of its employees within the aviation sector as key elements which should enable the business to help shape the evolving safety requirements in the industry. It said in particular, the … [Read more...] about Air Partner acquires Baines Simmons
Air Forwarding
Singapore opens two ATM research centres
The Civil Aviation Authority of Singapore (CAAS) marked a significant milestone in its vision to establish a Centre of Excellence (CoE) for Air Traffic Management (ATM) with the inauguration of the ATM Research Institute (ATMRI) and MITRE Asia Pacific Singapore (MAPS). CAAS is developing Singapore as a Centre of Excellence for ATM to improve the efficiency and safety of air traffic management in Singapore and the Asia Pacific region. The ATMRI and MAPS are key elements of CAAS’ strategy. … [Read more...] about Singapore opens two ATM research centres
Air China continues expansion with Beijing-Mumbai service
Air China will commence Beijing-Mumbai nonstop service on 25 October 2015. As the forthcoming only service from Mainland China to Mumbai - the economic capital of the country - the airline said the seven hour non-stop will negate the need for stopovers in Hong Kong, Singapore and Bangkok. As two BRICS countries, China and India have long had close political, economic and people exchanges and in recent years, inbound and outbound travellers of the two countries have been on the rise. From … [Read more...] about Air China continues expansion with Beijing-Mumbai service
Cathay Pacific sees six-fold rise in 1H net profit
The Cathay Pacific Group has reported an attributable profit of HK$1,972 million (US$254.4 million) for the first six months of 2015. This is nearly a six-fold jump from the HK$347 million profit in the first half of 2014. Revenue for the period decreased by 0.9 per cent to HK$50,388 million. The Group’s performance in the first six months of 2015 was considerably better than in the same period in 2014, Cathay noted citing higher load factors in the Group’s passenger business as a key reason. … [Read more...] about Cathay Pacific sees six-fold rise in 1H net profit
Singapore, ICAO renew long-standing training partnership
Singapore and the International Civil Aviation Authority (ICAO) have renewed their long-standing Developing Countries Training Programme (CDTP) MoU for another three years until 2019. The DCTP seeks to contribute to the development of civil aviation in developing ICAO Member States. Over the next three years Singapore has committed US$2.25 million for 300 fellowships and 10 scholarships. Administered by ICAO, the DCTP is jointly sponsored by Singapore’s Ministry of Foreign Affairs and the … [Read more...] about Singapore, ICAO renew long-standing training partnership
Qingdao Airlines to rebrand as Xinlong Air
Qingdao Airlines is set for a rebranding to Xinlong Air following plans to massively restructure its shareholding at the end of August. State-backed Qingdao Transport Development Group Co. announced plans to dispose of its 25 per cent stake for CNY251 million (US$40.4 million). Meanwhile, the airlines’s other shareholder Shandong Airlines has also announced plans to sell off its 20 per cent stake to New Nanshan International Holdings Ltd., a subsidiary of Xinlong's largest shareholder, … [Read more...] about Qingdao Airlines to rebrand as Xinlong Air
