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Buffet makes biggest ever investment in buying Precision Castparts for US$37.2bn

Known as the Sage of Oregon, Warren Buffet, owner of investors Berkshire Hathaway, has continued his heavy investment in American companies. This time he has used over half of his company’s financial resources of $67bn with the purchase of Portland, Oregon-based Precision Castparts, which manufactures nuts, bolts and other fasteners, commercial and military airframe aerostructures,

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United Airlines launches 'United Ground Express'

United Airlines launched United Ground Express, a wholly owned subsidiary, to provide ground handling services at select airports. Although it is a separate company from United Airlines, United Ground Express will align with United’s flyer friendly customer service philosophy. United Ground Express recently began recruiting to place qualified applicants in available positions and launched a

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BGS expands to Estonia

BGS, an international provider of ground handling and aircraft fuelling services, announced its expansion to the Estonian market. The company is expecting to service its first customers at Tallinn Airport already in October, 2015. The newly established subsidiary of BGS named Baltic Ground Services EE OÜ will launch its operations by offering JET A-1 into-plane

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Chinese carriers face severe challenges over African market expansion

Africa has been a dormant market for the Chinese airline industry since the loss-making China Southern’s Beijing-Dubai-Lagos route was suspended back in 2009 after the airline made a loss of CNY400m (US$64m). However a change in Chinese government policy now sees the implementation of a number of measures to break into the African market. China

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LATAM, the new brand for LAN Airlines and TAM Airlines

After an extensive integration process following the association of LAN Airlines and TAM Airlines – during which the Group made great advances in achieving synergies for internal processes, network optimization, and fleet restructuring and modernization – LATAM Airlines Group has decided to adopt a single name and identity and announces that the new brand for

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Baltic Aviation Academy signs Memorandum of Understanding with TSI

Aviation training centre Baltic Aviation Academy located in Lithuania has signed a Memorandum of Understanding with Transport and Telecommunication Institute (TSI) from Latvia. According to the signed document, both institutions have agreed to cooperate and engage mutual efforts and practices in order to develop joint training program for aviation professionals allowing enrolled students completing the

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More seats but shorter range for Boeing’s new jet specifications

In a move that follows close on the heels of Airbus’ announcement regarding new seating configurations which show increased numbers, Boeing have indicated they will be increasing their seat numbers on wide-body jets, meaning that Boeing’s biggest plane, the 747-8, will no longer be its largest in terms of standard capacity. The 777-9X, which is

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Panasonic dials up inflight Wi-Fi with 800th exconnect installation

Panasonic Avionics has delivered its 800th aircraft equipped with its global broadband connectivity service, eXConnect. The company expects to deliver its 1,000th connected aircraft by the end of 2015. The system, which was installed on a B757-200 aircraft, was delivered mid-July to United Airlines. In addition to being the 800th aircraft equipped with eXConnect, the

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CTC Aviation providing Boeing simulator services to Norwegian

Airline pilot training and resourcing company CTC Aviation has announced a new five-year simulator usage agreement with one of Europe’s leading low-cost airlines, Norwegian. The new contract will support the airline’s expanding training requirements up to 2020. CTC Aviation is providing Norwegian with the use of their newest simulator – a Boeing 737-800W full-flight, modular

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