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ST Engineering subsidiary to acquire 100% stake in MRA Systems nacelle manufacturer

Singapore Technologies Engineering (ST Engineering), has announced that its Group’s U.S. subsidiary Vision Technologies Aerospace Incorporated (VT Aerospace) has entered into a conditional share purchase agreement to acquire a 100% ownership in MRA Systems, (MRAS) from General Electric Company. The purchase is based on a 100% aggregate purchase consideration of US$630 million which will be

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Norwegian tops fuel efficiency ranking for transatlantic carriers

The release of a third white paper since 2014 by the International Council on Clean Transportation (ICCT) has revealed that for a second time, Norwegian has topped the rankings for the most fuel-efficient carrier on transatlantic routes based on passenger kilometers per liter (pax-km/l). Not only did Norwegian head the ranking, but it beat 19

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Vereinigung Cockpit calling Ryanair pilots to strike

Vereinigung Cockpit (VC) is calling on Ryanair pilots to take industrial action from Wednesday, September 12, 2018, 3:01 am to Thursday, September 13, 2018, 2:59 am. All pilots permanently employed at Ryanair bases in Germany are called to strike. All flights scheduled to depart from German airports during this time will be affected. VC is

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Aeromexico fires three pilots after July crash

Despite bad weather being attributed as the cause of July’s crash of an Aeromexico Embraer 190 at Durango International Airport, in a letter sent to the carrier’s workers Chief Executive Andres Conesa has confirmed that all three of the plane’s pilots have since left the company. In the letter he said that: “Irrespective of the

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Amros-Global and AviTrader Consulting enter Cooperation Agreement

Zurich-based aviation consulting firm Amros-Global GmbH and Munich-based AviTrader CS GmbH announced the formation of a new cooperation to increase the portfolio of aviation consulting services. The new venture consolidates the extensive consulting expertise of both companies. Amros-Global and AviTrader CS offers a one-shop-stop portfolio of aviation consulting services for airlines, MRO providers and aircraft

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No major changes expected when Nordea banker takes helm at Finnair

Nordea Bank’s Topi Manner is to succeed Pekka Vauramo as chief executive of state-controlled Finnair. Vauramo, who is credited with returning the airline to profit growth will leave in November to join engineering firm Metso. Manner has been with Nordea Bank, the Nordic region’s largest bank, for over 20 years, holding a variety of positions.

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