Corporate Affairs

  • 0

    South African Express says that it is turning itself around

    South African State-owned regional airline SA Express (SAX) affirmed on Friday that it was making substantial progress in its turnaround programme. It has also been taking action against employees found to have been engaged in wrongdoing.

    All those employees who have been charged with offences, and found to be guilty, have been fired from the airline. In those cases in which the offences involve alleged violations of the law, the airline has opened criminal cases. It will use legal means to recoup any losses that were the result of these various offences.

    SAX also gave the assurance that the airline was not facing imminent liquidation because of a court action being brought against it by a service provider. It described such claims as “false rumours”.

  • 0

    South African Express says that it is turning itself around

    South African State-owned regional airline SA Express (SAX) affirmed on Friday that it was making substantial progress in its turnaround programme. It has also been taking action against employees found to have been engaged in wrongdoing.

    All those employees who have been charged with offences, and found to be guilty, have been fired from the airline. In those cases in which the offences involve alleged violations of the law, the airline has opened criminal cases. It will use legal means to recoup any losses that were the result of these various offences.

    SAX also gave the assurance that the airline was not facing imminent liquidation because of a court action being brought against it by a service provider. It described such claims as “false rumours”.

  • 0

    Airbus signs amended contract with launch customers for A400M airlifter

    The Airbus group announced in Amsterdam on Friday that it had signed an amendment to its contract with OCCAR (the French acronym for the Organisation for Joint Armament Cooperation) for the A400M military airlift aircraft. The OCCAR member states are Belgium, France, Germany, Italy, Spain and the UK, and the organisation manages the acquisition of the A400M on behalf of the aeroplane’s launch customer countries (Belgium, France, Germany, Luxembourg, Spain, Turkey and the UK).

    The signing of this amended contract marks the completion of negotiations between Airbus and OCCAR which started in March 2017. These talks were aimed at achieving a “Global Rebaselining” of the A400M programme.

    “The overall aim of the Global Rebaselining – both for Airbus as well as for OCCAR and the Launch Customer Nations – was to recover a sustainable contractual basis for and to ensure a proper execution of the A400M programme,” explained Airbus Defence and Space CEO Dirk Hoke. “I would like to thank our customers for their engagement and support during the discussions over the last two years. This new situation will also support our efforts to export the A400M worldwide.”

  • 0

    Airbus signs amended contract with launch customers for A400M airlifter

    The Airbus group announced in Amsterdam on Friday that it had signed an amendment to its contract with OCCAR (the French acronym for the Organisation for Joint Armament Cooperation) for the A400M military airlift aircraft. The OCCAR member states are Belgium, France, Germany, Italy, Spain and the UK, and the organisation manages the acquisition of the A400M on behalf of the aeroplane’s launch customer countries (Belgium, France, Germany, Luxembourg, Spain, Turkey and the UK).

    The signing of this amended contract marks the completion of negotiations between Airbus and OCCAR which started in March 2017. These talks were aimed at achieving a “Global Rebaselining” of the A400M programme.

    “The overall aim of the Global Rebaselining – both for Airbus as well as for OCCAR and the Launch Customer Nations – was to recover a sustainable contractual basis for and to ensure a proper execution of the A400M programme,” explained Airbus Defence and Space CEO Dirk Hoke. “I would like to thank our customers for their engagement and support during the discussions over the last two years. This new situation will also support our efforts to export the A400M worldwide.”

  • 0

    Comair’s new CEOs to press ahead with diversification strategy

    South African private-sector airline group Comair announced at the end of last month, via a Stock Exchange News Service release at the Johannesburg Stock Exchange, that it was acquiring the “shares and claims” of Star Air Maintenance and Star Air Cargo. The deal involves paying the sellers R75-million, plus profit share payments.

  • 0

    Comair’s new CEOs to press ahead with diversification strategy

    South African private-sector airline group Comair announced at the end of last month, via a Stock Exchange News Service release at the Johannesburg Stock Exchange, that it was acquiring the “shares and claims” of Star Air Maintenance and Star Air Cargo. The deal involves paying the sellers R75-million, plus profit share payments.

  • 0

    Comair expects financial hit from 737 MAX grounding, but is filling the fleet gap

    South African private-sector airline group Comair has suffered financially from having to ground its newly delivered Boeing 737 MAX airliner earlier this year, following two fatal crashes involving the type in just five months in late 2018 and early 2019, which killed 346 people. “We’re obviously looking to Boeing for compensation for financial losses,” says Comair Airline Division Executive Director (and joint CEO designate) Wrenelle Stander. “The grounding has affected us. It will have an impact on our financial performance.”

  • 0

    Comair expects financial hit from 737 MAX grounding, but is filling the fleet gap

    South African private-sector airline group Comair has suffered financially from having to ground its newly delivered Boeing 737 MAX airliner earlier this year, following two fatal crashes involving the type in just five months in late 2018 and early 2019, which killed 346 people. “We’re obviously looking to Boeing for compensation for financial losses,” says Comair Airline Division Executive Director (and joint CEO designate) Wrenelle Stander. “The grounding has affected us. It will have an impact on our financial performance.”

  • 0

    Airbus has flown flapping wing-tip scale demonstrator aircraft

    Europe-based giant aerospace group Airbus announced on Thursday that it had successfully flown a remote-controlled scale-model aircraft (based on the Airbus A321 single-aisle airliner and designated AlbatrossOne) fitted with flapping wing-tips. This is the first time that any category of aircraft fitted with such wing-tips has been flown.

    This technology is technically called a “semi-aeroelastic hinge” and could, the company said, revolutionise the design of aircraft wings. It is intended to reduce drag, reduce the overall weight of the wings, and counter the effects of wind gusts and turbulence.

    “While hinged wing-tips are not new – military jets employ them to allow greater storage capacity in aircraft carriers – the Airbus demonstrator is the first aircraft to trial in-flight, freely-flapping wing-tips to relieve the effects of wind gust and turbulence,” reported Filton, UK-based Airbus engineer Tom Wilson. “We drew inspiration from nature – the albatross marine bird locks its wings at the shoulder for long-distance soaring but unlocks them when wind-gusts occur or manoeuvring is required.”

  • 0

    Airbus has flown flapping wing-tip scale demonstrator aircraft

    Europe-based giant aerospace group Airbus announced on Thursday that it had successfully flown a remote-controlled scale-model aircraft (based on the Airbus A321 single-aisle airliner and designated AlbatrossOne) fitted with flapping wing-tips. This is the first time that any category of aircraft fitted with such wing-tips has been flown.

    This technology is technically called a “semi-aeroelastic hinge” and could, the company said, revolutionise the design of aircraft wings. It is intended to reduce drag, reduce the overall weight of the wings, and counter the effects of wind gusts and turbulence.

    “While hinged wing-tips are not new – military jets employ them to allow greater storage capacity in aircraft carriers – the Airbus demonstrator is the first aircraft to trial in-flight, freely-flapping wing-tips to relieve the effects of wind gust and turbulence,” reported Filton, UK-based Airbus engineer Tom Wilson. “We drew inspiration from nature – the albatross marine bird locks its wings at the shoulder for long-distance soaring but unlocks them when wind-gusts occur or manoeuvring is required.”

Page 10 of 50« First...89101112...203040...Last »

Khudu Technologies © 2015 . All rights reserved.