Corporate Affairs

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    Rolls-Royce completes acquisition of German electrical aviation propulsion business

    Renowned UK industrial technology group Rolls-Royce announced on Tuesday that it had completed its purchase of Siemens’ eAircraft business. The deal was originally announced in June. eAircraft was the German electrification, automation and digitalisation group’s electric and hybrid-electric aerospace propulsion unit.

    “We are very pleased with the rapid execution of the necessary legal and procedural steps to complete this acquisition,” said Rolls-Royce Electrical Director Rob Watson. “We are welcoming our new colleagues into Rolls-Royce today and look forward to working with them to pioneer new technologies and solutions.”

    The British group sees this new acquisition as accelerating its plans to play a leading role in the development of electric and hybrid-electric propulsion systems for aviation – an advance that is being called the “third era” of aviation. “We are at the dawn of the ‘third era’ of aviation, which will bring a new class of quieter and cleaner air transport to the skies, and our new colleagues will add vital skills, expertise and new technology to our portfolio.”

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    Rolls-Royce completes acquisition of German electrical aviation propulsion business

    Renowned UK industrial technology group Rolls-Royce announced on Tuesday that it had completed its purchase of Siemens’ eAircraft business. The deal was originally announced in June. eAircraft was the German electrification, automation and digitalisation group’s electric and hybrid-electric aerospace propulsion unit.

    “We are very pleased with the rapid execution of the necessary legal and procedural steps to complete this acquisition,” said Rolls-Royce Electrical Director Rob Watson. “We are welcoming our new colleagues into Rolls-Royce today and look forward to working with them to pioneer new technologies and solutions.”

    The British group sees this new acquisition as accelerating its plans to play a leading role in the development of electric and hybrid-electric propulsion systems for aviation – an advance that is being called the “third era” of aviation. “We are at the dawn of the ‘third era’ of aviation, which will bring a new class of quieter and cleaner air transport to the skies, and our new colleagues will add vital skills, expertise and new technology to our portfolio.”

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    International airline body urging six priorities on global aviation organisation

    The International Air Transport Association (Iata) has affirmed that it has high expectations for the International Civil Aviation Organisation’s fortieth assembly, which started in Montreal, Canada, on Tuesday. Iata is the representative body of the world’s commercial aviation (airline and air freight) industry, while ICAO (a specialised agency of the United Nations) is the global inter-governmental body which oversees civil aviation worldwide, in terms of codifying and coordinating the …

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    International airline body urging six priorities on global aviation organisation

    The International Air Transport Association (Iata) has affirmed that it has high expectations for the International Civil Aviation Organisation’s fortieth assembly, which started in Montreal, Canada, on Tuesday. Iata is the representative body of the world’s commercial aviation (airline and air freight) industry, while ICAO (a specialised agency of the United Nations) is the global inter-governmental body which oversees civil aviation worldwide, in terms of codifying and coordinating the …

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    International air freight, except in Africa and Latin America, being hit by trade wars

    The International Air Transport Association (IATA) has reported that the ongoing and deepening trade war between the US and China has continued to drive air freight demand down. Air cargo is measured in terms of freight (metric) ton kilometres (FTKs). …

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    International air freight, except in Africa and Latin America, being hit by trade wars

    The International Air Transport Association (IATA) has reported that the ongoing and deepening trade war between the US and China has continued to drive air freight demand down. Air cargo is measured in terms of freight (metric) ton kilometres (FTKs). …

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    Airbus forecasts continued strong growth in airliner demand until 2038

    Europe-based global aerospace group Airbus has predicted that the global fleet of passenger and freighter aircraft will increase by more than 100% over the next 20 years, requiring the production of more than 39 000 new aircraft. The group released its latest 20-year forecast on Wednesday.

    To be more precise, Airbus expects today’s total global airliner and freighter fleet of almost 23 000 aircraft to grow to 47 680 by 2038. The forecast growth for air traffic would be 4.3% a year. The operation and maintenance of these aeroplanes would require 550 000 new pilots and 640 000 new technicians.

    “The 4% annual growth reflects the resilient nature of aviation, weathering short term economic shocks and geo-political disturbances,” highlighted Airbus Chief Commercial Officer and Airbus International Head Christian Scherer. “Economies thrive on air transportation. People and goods want to connect.”

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    Airbus forecasts continued strong growth in airliner demand until 2038

    Europe-based global aerospace group Airbus has predicted that the global fleet of passenger and freighter aircraft will increase by more than 100% over the next 20 years, requiring the production of more than 39 000 new aircraft. The group released its latest 20-year forecast on Wednesday.

    To be more precise, Airbus expects today’s total global airliner and freighter fleet of almost 23 000 aircraft to grow to 47 680 by 2038. The forecast growth for air traffic would be 4.3% a year. The operation and maintenance of these aeroplanes would require 550 000 new pilots and 640 000 new technicians.

    “The 4% annual growth reflects the resilient nature of aviation, weathering short term economic shocks and geo-political disturbances,” highlighted Airbus Chief Commercial Officer and Airbus International Head Christian Scherer. “Economies thrive on air transportation. People and goods want to connect.”

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    ACSA reports sharp fall in profits, but remains profitable

    State-owned Airports Company South Africa (ACSA) has again reported a profit in its latest annual results, for the 2018/19 financial year (FY). However, that profit, of R227-million, was 58.9% down on the profit of R552-million achieved during FY2017/18. Acting CEO (Ms) Bongiwe Mbomvu affirmed, at the company’s results presentation on Tuesday, that “[w]e enter FY2020 with a healthy balance sheet”. ACSA’s revenues, R7.1-billion, were up 5.6% on those of the previous financial year (R6.7-billion). The company divides its revenues into aeronautical and non-aeronautical. Under aeronautical, landing fees were up 5%, passenger service charges rose by 7% and aircraft parking fees jumped 14%. Non-aeronautical revenues also increased.

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    ACSA reports sharp fall in profits, but remains profitable

    State-owned Airports Company South Africa (ACSA) has again reported a profit in its latest annual results, for the 2018/19 financial year (FY). However, that profit, of R227-million, was 58.9% down on the profit of R552-million achieved during FY2017/18. Acting CEO (Ms) Bongiwe Mbomvu affirmed, at the company’s results presentation on Tuesday, that “[w]e enter FY2020 with a healthy balance sheet”. ACSA’s revenues, R7.1-billion, were up 5.6% on those of the previous financial year (R6.7-billion). The company divides its revenues into aeronautical and non-aeronautical. Under aeronautical, landing fees were up 5%, passenger service charges rose by 7% and aircraft parking fees jumped 14%. Non-aeronautical revenues also increased.

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