Corporate Affairs

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    Rolls-Royce marine AI technology project receives UK funding

    The British Ministry of Defence (MOD) has granted funding to UK-based global major industrial technology group Rolls-Royce to further develop the company’s Artificial Chief Engineer technology. This is an autonomous ship machinery control system, intended to permit naval vessels to carry out long-endurance emissions with reduced human involvement. “Artificial Chief Engineer is a critical enabler for autonomous missions by acting as the equivalent of the engineering department responsible for the health and the operation of an unmanned vessel’s machinery,” explained Rolls-Royce. “Navies intend to increase their use of optionally-manned and unmanned vessels to project power further for less cost by reducing reliance on manpower, allowing higher-risk or longer-endurance missions, and by lowering the procurement and operating costs of future platforms.”

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    Rolls-Royce marine AI technology project receives UK funding

    The British Ministry of Defence (MOD) has granted funding to UK-based global major industrial technology group Rolls-Royce to further develop the company’s Artificial Chief Engineer technology. This is an autonomous ship machinery control system, intended to permit naval vessels to carry out long-endurance emissions with reduced human involvement. “Artificial Chief Engineer is a critical enabler for autonomous missions by acting as the equivalent of the engineering department responsible for the health and the operation of an unmanned vessel’s machinery,” explained Rolls-Royce. “Navies intend to increase their use of optionally-manned and unmanned vessels to project power further for less cost by reducing reliance on manpower, allowing higher-risk or longer-endurance missions, and by lowering the procurement and operating costs of future platforms.”

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    DPE defends SAA vaccine flight to Brussels

    The Department of Public Enterprises has defended the recent flight by a South African Airways aircraft to Brussels, in Belgium, to collect anti-Covid-19 vaccines. State-owned SAA is currently undergoing a controversial business rescue process. The flight was funded by the South African government and reportedly involved one of the airline’s four-engined Airbus A340 aircraft.  In responding to criticisms that the flight had been a ‘vanity project’ and that it would have been cheaper to use available commercial flights, the DPE advanced two arguments. First, the vaccines were needed to protect the country’s health workers. Second, the flight was a “test relaunch” of SAA Cargo.

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    DPE defends SAA vaccine flight to Brussels

    The Department of Public Enterprises has defended the recent flight by a South African Airways aircraft to Brussels, in Belgium, to collect anti-Covid-19 vaccines. State-owned SAA is currently undergoing a controversial business rescue process. The flight was funded by the South African government and reportedly involved one of the airline’s four-engined Airbus A340 aircraft.  In responding to criticisms that the flight had been a ‘vanity project’ and that it would have been cheaper to use available commercial flights, the DPE advanced two arguments. First, the vaccines were needed to protect the country’s health workers. Second, the flight was a “test relaunch” of SAA Cargo.

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    Iata identifies key issues for airlines and governments for reopening air travel 

    The International Air Transport Association (Iata) has appealed to the world’s governments to work with the global airline industry – for which Iata is the representative body – to prepare for the restart of international air travel, once it had been determined that national borders could be safely reopened. Currently, many countries had severe restrictions on such travel, in an attempt to contain the Covid-19 pandemic and especially the new variants of the disease. Iata believed that such …

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    Iata identifies key issues for airlines and governments for reopening air travel 

    The International Air Transport Association (Iata) has appealed to the world’s governments to work with the global airline industry – for which Iata is the representative body – to prepare for the restart of international air travel, once it had been determined that national borders could be safely reopened. Currently, many countries had severe restrictions on such travel, in an attempt to contain the Covid-19 pandemic and especially the new variants of the disease. Iata believed that such …

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    Iata forecast that 2021 will be more gloomy for airlines than previously expected

    The representative body for the world airline industry, the International Air Transport Association (Iata), has become more pessimistic about the prospects for the sector during this year. Whereas, previously, it expected the airline industry to turn cash positive in the last quarter, now, it its latest forecast, it predicted that the sector would not turn cash positive until next year. Moreover, while Iata had previously forecast that the world’s airlines would burn $48-billion in cash this …

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    Iata forecast that 2021 will be more gloomy for airlines than previously expected

    The representative body for the world airline industry, the International Air Transport Association (Iata), has become more pessimistic about the prospects for the sector during this year. Whereas, previously, it expected the airline industry to turn cash positive in the last quarter, now, it its latest forecast, it predicted that the sector would not turn cash positive until next year. Moreover, while Iata had previously forecast that the world’s airlines would burn $48-billion in cash this …

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    Major client warns Boeing to fix problems with its 787s before designing a new type

    Global major commercial aircraft leasing company Air Lease Corporation has warned Boeing that the airframer must “get its house in order” regarding problems concerning the Boeing 787 production line. Until it does, the lessor would not be interested in buying any new type that manufacturer might wish to develop.  The warning was issued by Air Lease president and CEO John Plueger in an investors’ call on Tuesday. He said that there appeared to have been a mushrooming of issues on the 787 production line. These were now significantly delaying deliveries to Air Lease’s customers. In some cases these delays were as long as almost 12 months. If delays reached 12 months, Air Lease and its customers both had the right to cancel their orders with Boeing. And Air Lease had cancelled 737 MAX orders last year, on precisely this basis. 

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    Major client warns Boeing to fix problems with its 787s before designing a new type

    Global major commercial aircraft leasing company Air Lease Corporation has warned Boeing that the airframer must “get its house in order” regarding problems concerning the Boeing 787 production line. Until it does, the lessor would not be interested in buying any new type that manufacturer might wish to develop.  The warning was issued by Air Lease president and CEO John Plueger in an investors’ call on Tuesday. He said that there appeared to have been a mushrooming of issues on the 787 production line. These were now significantly delaying deliveries to Air Lease’s customers. In some cases these delays were as long as almost 12 months. If delays reached 12 months, Air Lease and its customers both had the right to cancel their orders with Boeing. And Air Lease had cancelled 737 MAX orders last year, on precisely this basis. 

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