Corporate Affairs

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    Airbus reports rise in orders for extra-long-range airliner

    From its launch at the Paris Air Show in mid-June to the end of that month, Europe-based global major aerospace group Airbus’ latest airliner, the A321XLR, has been ordered or selected by 14 airlines and one leasing company, with firm orders totalling 44 aircraft. Letters of intent cover another 205 aircraft, giving a total of 249, of which 112 are conversions from previous orders. The most recent customers for the type are Aer Lingus (to acquire six) American Airlines (with 20), Iberia (eight) and Qantas (ten).

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    How technology is starting to change logistics ecosystems

    New technologies being applied to supply chains – helping to digitalise them further – can provide significant intelligence that will improve control and streamline business processes. This will be grounded in more real-time information and predictions based on analytical outputs of the data, which will assist in reducing risks while allowing for new services and capabilities.

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    Think-tank attacks SAX for failing to provide requested information

    The Free Market Foundation (FMF) think-tank has accused State-owned regional airline SA Express (SAX) of breaking the law by not responding to a request for information under the Promotion of Access to Information Act (PAIA). The FMF made a PAIA request to SAX on May 31 regarding the troubled airline’s financial situation. The foundation noted that the airline is getting a R1.24-billion bailout from the taxpayer, but that questions of whether or not SAX was a “going concern” had not yet been answered.

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    Rolls-Royce ‘IntelligentEngine’ civil aerospace initiative advancing

    UK-based global major power plant manufacturer Rolls-Royce has reported that its the “IntelligentEngine” philosophy (also referred to as a vision) is making strong progress throughout its Civil Aerospace products and services “portfolio”, powerfully driven by the capabilities of digital technology. It affirmed that this was creating new opportunities for the company to supply its customers with increasingly connected, “more intelligent” engines and electrical systems.

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    Logistics company invests in facilities

    Logistics company Bidvest Panalpina Logistics (BPL) has implemented several large-scale infrastructure development plans at its KwaZulu-Natal-based operations. This includes building a new state-of-the-art chemicals and general cargo warehouse in Moben…

  • 0

    Airbus reports rise in orders for extra-long-range airliner

    From its launch at the Paris Air Show in mid-June to the end of that month, Europe-based global major aerospace group Airbus’ latest airliner, the A321XLR, has been ordered or selected by 14 airlines and one leasing company, with firm orders totalling 44 aircraft. Letters of intent cover another 205 aircraft, giving a total of 249, of which 112 are conversions from previous orders. The most recent customers for the type are Aer Lingus (to acquire six) American Airlines (with 20), Iberia (eight) and Qantas (ten).

  • 0

    How technology is starting to change logistics ecosystems

    New technologies being applied to supply chains – helping to digitalise them further – can provide significant intelligence that will improve control and streamline business processes. This will be grounded in more real-time information and predictions based on analytical outputs of the data, which will assist in reducing risks while allowing for new services and capabilities.

  • 0

    Think-tank attacks SAX for failing to provide requested information

    The Free Market Foundation (FMF) think-tank has accused State-owned regional airline SA Express (SAX) of breaking the law by not responding to a request for information under the Promotion of Access to Information Act (PAIA). The FMF made a PAIA request to SAX on May 31 regarding the troubled airline’s financial situation. The foundation noted that the airline is getting a R1.24-billion bailout from the taxpayer, but that questions of whether or not SAX was a “going concern” had not yet been answered.

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    Calisto takes majority interest in Cartrack, triggering mandatory offer

    Minority shareholders in JSE-listed Cartrack have, so far, declined a mandatory offer by investment holding firm Karoo and Cartrack founder and CEO Zak Calisto to buy their shares as part of a mandatory offer at R13.44 a share. Karoo, in which Calisto is the sole shareholder, has acquired a 68.2% interest in Cartrack for about R2.7-billion. Along with Calisto’s direct interest in Cartrack, he now owns 68.5% of the company.

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    Calisto takes majority interest in Cartrack, triggering mandatory offer

    Minority shareholders in JSE-listed Cartrack have, so far, declined a mandatory offer by investment holding firm Karoo and Cartrack founder and CEO Zak Calisto to buy their shares as part of a mandatory offer at R13.44 a share. Karoo, in which Calisto is the sole shareholder, has acquired a 68.2% interest in Cartrack for about R2.7-billion. Along with Calisto’s direct interest in Cartrack, he now owns 68.5% of the company.

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