Lufthansa Supervisory Board extends appointment of Stephan Gemkow as CFO
The Supervisory Board of the Lufthansa Group extended Stephan Gemkow
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26 September 2008
Air France-KLM to split chairman and chief executive roles
The Boards of Directors of Air France-KLM and Air France complied with Jean-Cyril Spinetta
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MTU Aero Engines to launch new cost-reduction initiative
MTU Aero Engines has launched a new cost-reduction initiative intended to save 50 million euros annually, the bulk of it already in 2010. This follows an announcement MTU CEO Egon Behle made at the Analyst and Investor Day the company held in Munich on Sept. 26th. Behle reaffirmed the company’s 2008 forecast and expects MTU
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Lufthansa Technik continues to expand ARC Services
This year, Lufthansa Technik’s ARC Services (Airframe Related Components), Hamburg, turned over the 8,000th thrust reverser to a customer since the founding of the division in 1999. Percentage growth in turnover over the past years has been in the double digits, with the overall figure reaching
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SAFRAN inaugurates three new facilities in the United States
On September 24, 25 and 26, Jean-Paul Herteman, Chief Executive Officer of SAFRAN, successively inaugurated three new facilities in the United States: Sagem Avionics in Grand Prairie, Texas, Turbomeca Manufacturing in Monroe, North Carolina, and Messier-Bugatti USA in Walton, Kentucky. Sagem Avionics, which mainly produces parts for the autopilot system on U.S. Army helicopters, has
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Embraer reinforces Parts Pool Program in the Middle East
Embraer signed a Parts Pool Program service contract extension with Amman-based Royal Jordanian Airlines. This customized materials solution is especially designed to optimize inventory management and reduce customer overhead cost for replacement parts and warehousing facilities, thus guaranteeing the maximum operational reliability of the airplanes. The existing contract covers all five EMBRAER 195 and, now,
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Boeing to acquire Tapestry Solutions
The Boeing Company announced an agreement to acquire Tapestry Solutions, a San Diego-based company specializing in services and software systems that improve the tracking and distribution of equipment, spare parts and personnel for the U.S. Department of Defense and other government and non-government agencies. Tapestry Solutions’ tools, such as the Joint Distribution Logistics Model and
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Delta, Northwest stockholders approve merger
Delta Air Lines and Northwest Airlines announced that their respective stockholders have overwhelmingly approved the pending merger between the two companies. Delta stockholders approved the issuance of 1.25 shares of Delta common stock for each outstanding share of Northwest stock to be distributed upon closing of the merger, expected later this year. The proposal was
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