124 results on '"SUBSIDIARY corporations"'
Search Results
2. NEWS BREAKS: AMERICAS.
- Subjects
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AEROSPACE industries , *SPACE vehicles , *LAUNCH complexes (Astronautics) , *SUBSIDIARY corporations - Abstract
This section offers news briefs in the aerospace industry. The computer on the Mars Odyssey spacecraft would be rebooted by National Aeronautics and Space Administration (NASA) for the first time since 2003, to avoid the potentially negative effects of accumulated memory corruption. A 92-acre launch complex at the White Sands Missile Range in New Mexico for the abort flight tests of its Orion crew exploration vehicle has been completed by NASA. A subsidiary in Brazil has been opened by EADS Astrium affiliate Spot Image.
- Published
- 2009
3. LanChile Still Rising Amid Falling Stars.
- Author
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Miller, Michael S.
- Subjects
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AIRLINE industry , *SUBSIDIARY corporations - Abstract
Focuses on the carrier LanChile in South America. Launch of the subsidiary LanPeru; Details of the safety standards of LanChile; Decision of the carrier to join the Oneworld alliance; Improvement of the overseas operations of the company; Benefits of Oneworld training for flight attendants.
- Published
- 2000
4. Serial Subsidiaries.
- Author
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Pcrrett, Bradley
- Subjects
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SUBSIDIARY corporations , *LOCAL government , *STOCKHOLDERS , *COMMERCIAL aeronautics , *SOCIETIES - Abstract
The article focuses on Fuzhou Airlines, the subsidiary of Hainan Airlines Co. Ltd., that began its operation on October 30, 2014 from Fuzhou in China and has the local government as its shareholder. Topics discussed include Tianjin government supporting the expansion of Hainan Airlines subsidiary Grand China Express Air in 2009, the strict policy of Civil Aviation Administration of China (CAAC) for setting up new airlines and the air operator certificate issued by CAAC for Fuzhou airlines.
- Published
- 2014
5. The World.
- Subjects
- *
AEROSPACE industries , *SUBSIDIARY corporations , *TELECOMMUNICATION satellites , *SPACE vehicles - Abstract
This section offers world news briefs on the aviation industry as of April 7, 2014. Mitsubishi Heavy Industries will establish a subsidiary with Japanese aero-engine specialist IHI. An Arianespace Soyuz rocket has been successful in orbiting the first Sentinel satellite built for the European Commission's Copernicus Earth-observation program. The 19th U.S. Air Force Defense Meteorological Satellite Program spacecraft has been launched.
- Published
- 2014
6. The LCC Paradox.
- Author
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Schofield, Adrian
- Subjects
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LOW cost airlines , *AIRLINE industry , *SUBSIDIARY corporations - Abstract
The article discusses the impact of low-cost carrier (LCC) airlines in Asia, focusing on analysis of the threats and opportunities they present to large full-service airlines. Topics include the creation of LCC subsidiaries by major airlines such as TransAsia in Taiwan, Japanese LCC joint ventures Vanilla Air, Peach Aviation, and AirAsia Japan, and other LCCs such as Jetstar by Qantas and Scoot by Singapore Airlines.
- Published
- 2014
7. Matching Moves.
- Author
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Mathews, Neelam
- Subjects
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CORPORATE reorganizations , *CORPORATE debt , *SUBSIDIARY corporations - Abstract
The article reports on the restructuring strategies of Air India and Thai Airways. Their strategies are aimed at boosting domestic services of low-fare subsidiaries. Air India Chairman and Managing Director Arvind Jadhav revealed that the company is facing cash-flow problems and the debt burden and rising cash deficit necessitates aggressive financial restructuring.
- Published
- 2009
8. German Privateers.
- Author
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Taverna, Michael A.
- Subjects
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COMMERCIAL aeronautics chartering , *PRIVATE planes , *SUBSIDIARY corporations - Abstract
The article focuses on the business jet operations of Lufthansa. The company initiated its bizjet operations in 2005 through the assistance of NetJets to address the demand from high-paying first-class passengers from outlying airports into its intercontinental route system. The service eventually gained popularity among people who want to save time and avoid security hassles. Lufthansa Private Jet (LPJ) was established in 2007 when NetJets decided to pull out from the partnership.
- Published
- 2009
9. Not So Fast.
- Author
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Perrett, Bradley
- Subjects
- *
AIRLINE industry , *SUBSIDIARY corporations , *COMMERCIAL aeronautics , *BUSINESS expansion , *AVIATION policy - Abstract
The article reports that China is moving again to prevent rapid growth from endangering aviation safety, with rules that will slow the geographic expansion of China's smaller airlines and restrict competition, benefiting the struggling larger state carriers. The Civil Aviation Administration of China (CAAC) is imposing tight limits on the number of branch companies an airline can set up and the number that an airport can host. Such subsidiary companies are an important expansion tool for the Chinese industry, the author said.
- Published
- 2009
10. NEWS BREAKS: EUROPE.
- Subjects
- *
AERONAUTICS , *PRODUCT life cycle management software , *MILITARY budgets , *SUBSIDIARY corporations - Abstract
This section offers news briefs on the aeronautics industry in Europe. EADS has adopted the Dassault Systemes/IBM Product Lifecycle Management (PLM) system for its Phenix program. The British Defense Ministry has submitted a £3.7 billion request to the British Treasury to cover costs of operations in Afghanistan, Iraq and the Balkans for 2008-2009. Lufthansa is creating a subsidiary in Italy called Lufthansa Italia.
- Published
- 2008
11. MRJ Go-Ahead.
- Author
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Perrett, Bradley
- Subjects
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SUBSIDIARY corporations , *COMMERCIAL aeronautics - Abstract
The article reports that Mitsubishi and Pratt & Whitney plan to deliver the first MRJ airliner and its GTF engines in 2013 after a project launch that marks a renewed Japanese attempt at commercial aircraft making and the arrival of a revolutionary powerplant. A new subsidiary of Mitsubishi Heavy Industries (MHI), tentatively called Mitsubishi Aircraft Corp., will build the aircraft, whose structure will boast extensive use of composites.
- Published
- 2008
12. Wishing on the Star.
- Author
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Flottau, Jens
- Subjects
- *
MERGERS & acquisitions , *SUBSIDIARY corporations , *AIRLINE industry , *LABOR costs - Abstract
The article reports on the alliance of Swiss International Airlines into Lufthansa Group. Swiss officially joined the biggest airline alliance last week alongside South African Airways. By the end of the year, the company could be fully owned by Lufthansa. Even as a fully owned subsidiary, the Swiss brand and operation will be kept separate by Lufthansa. Significant labor cost cuts have played a key role in the Swiss turnaround. The company signed new salary deals with cabin crew and regional pilots, but is facing prolonged negotiations with Aeropers, the union representing mainline crews.
- Published
- 2006
13. Maintenance Moves.
- Author
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Mathews, Neelam
- Subjects
- *
SUBSIDIARY corporations , *COMMERCIAL aeronautics , *AIRFRAMES , *STRUCTURAL frames , *AIRPLANE maintenance - Abstract
This article reports that Air India Engineering Services, a new subsidiary of Air India set to be operational by year-end, wants to tap third-party airframe and engine work in India, as the relatively modest fleet of 215 commercial aircraft is expected to more than double by the end of the decade. The government-owned airline required offsets for the recent aircraft deal it signed with Boeing for 737s, 777s and 787s. While the structure of the offsets is still being discussed, the commitment for a new maintenance, repair and overhaul (MRO) facility could reach $100 million, according to an engineering department official. As an alternative, Boeing is offering to help Air India develop a training center instead of an MRO facility.
- Published
- 2006
14. WORLD NEWS ROUNDUP: AMERICAS.
- Subjects
- *
AERONAUTICS , *NEGOTIATION , *SUBSIDIARY corporations , *BUDGET - Abstract
The article presents information on the developments in the aviation industry of the United States. It is reported that Toronto-based Onex was in negotiations to buy Boeing's Wichita, Kansas, facility late last week. Onex is a holding company with a track record of setting in low, improving the business and selling high. The sale is part of Boeing's restructuring of its commercial airplane operation. The Defense Department's supplemental budget request for 2006 comes in at $74.9 billion to support ongoing military operations and relief efforts. Of that total, $42.5 billion is to go for operations and intelligence needs.
- Published
- 2005
15. German Power House.
- Author
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Hughes, David
- Subjects
- *
AUTOMOBILE engines , *SUBSIDIARY corporations , *RESEARCH & development , *TURBINES - Abstract
Rolls-Royce Deutschland Ltd. & Co. is actively developing the technology for a new engine core to spawn a family of powerplants in the 20,000-30,000-lb.-thrust class. The company plans to run a new engine core with a high-pressure compressor, combustor and two-stage high-pressure turbine by 2006. The new research and technology effort by Rolls-Royce Deutschland is part of a larger German aerospace research program (Lufo III) backed by the federal government and the State of Brandenburg. Rolls-Royce Deutschland is also in discussions with the Beriev Aircraft Co. about the possible use of the BR715 turbofan on the Be-200 amphibian aircraft that's designed for forest firefighting and other missions.
- Published
- 2004
16. Go To Go It Alone, Says British Airways.
- Author
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Morrocco, John D.
- Subjects
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AIRLINE industry , *SUBSIDIARY corporations - Abstract
Reports the sale of low-cost subsidiary Go by British Airways in Great Britain. Strategy of the airline to cut capacity and focus on high yield premium passengers; Increase of company revenue; Plans of overhaul for the short haul operations of the carrier.
- Published
- 2000
17. SAirGroup To Delay French Carrier Merger.
- Author
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Flottau, Jens
- Subjects
- *
MERGERS & acquisitions , *AIRLINE industry , *SUBSIDIARY corporations - Abstract
Focuses on issues concerning the merger of independent carriers under the management of SAir Technik France, a subsidiary of SAirGroup. Delay of the merger; Information on the financial performance of the carriers; Details of the restructuring plans and flight operations of the carriers.
- Published
- 2000
18. MTU plans U.S. unit, opens Volvo, Fiat talks.
- Author
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Flottau, Jens and Taverna, Michael A.
- Subjects
- *
SUBSIDIARY corporations - Abstract
Reports that German engine maker MTU has decided to set up a subsidiary in the United States as part of a plan to reinforce ties with its strategic partner Pratt & Whitney Corp. Goal to streamline engineering processes in several programs; Rumors of a spinoff following the plan of MTU owner DaimlerChryslerAerospace plan not to include its engine unit in merger.
- Published
- 2000
19. Sibling Rivalry.
- Author
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Perrett, Bradley
- Subjects
- *
AIRLINE industry , *SUBSIDIARY corporations , *ECONOMIC competition , *AIRLINE alliances ,AIRLINE industry finance - Abstract
The article examines the competition between airline industry companies China Eastern and China Southern. China Southern's application to create a branch subsidiary airline to operate in Kunming, China, an airport where China Eastern has the dominant market share of operations is discussed. An anomaly is considers in which despite their competition, the two airlines are both members of the SkyTeam airline alliance.
- Published
- 2013
20. Etihad Goes Regional.
- Author
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Flottau, Jens
- Subjects
- *
SUBSIDIARY corporations - Abstract
The article focuses on the expansion of the equity alliance of Etihad Airways through the construction of a regional feeder network. It says that the initial intention of the Etihad Regional is to provide feed to the company in Europe. It adds that Air Seychelles, Air Berlin, and Virgin Australia were included in the international network of subsidiaries developed by Etihad.
- Published
- 2013
21. IAG Integration.
- Author
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Flottau, Jens
- Subjects
- *
AIRLINE industry mergers , *MAINTENANCE , *SUBSIDIARY corporations - Abstract
The article reports on the integration challenges facing BA Engineering following the merger of British Airways and Iberia. The merger, which resulted in the formation of International Airlines Group (IAG), consists of two maintenance, repair, and operations (MRO) subsidiaries including BA Engineering and Iberia Maintenance. Differences between the two MRO companies, adjustments to their respective business strategies, and the possibility of a merger are discussed.
- Published
- 2012
22. Lost Chances.
- Author
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Flottau, Jens
- Subjects
- *
SUBSIDIARY corporations ,AIRLINE industry finance - Abstract
The article focuses on the German airline industry firm Lufthansa. The company's decision to create a subsidiary for direct passenger flights within Europe is examined in terms of its competition with low-cost airlines such as RyanAir and EasyJet. The business losses suffered by Lufthansa's affiliate airline Germanwings are cited as an indication the new venture is unlikely to succeed.
- Published
- 2012
23. Going One Better.
- Author
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Perrett, Bradley and Norris, Guy
- Subjects
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AIRPLANE engine design & construction , *SUBSIDIARY corporations , *TURBOJET plane engine blades , *BLADES (Hydraulic machinery) , *MACHINE design - Abstract
The article focuses on design features for a C919 engine by the Aviation Industry Corp. of China (AVIC) subsidiary Commercial Aircraft Engine Co. (ACAE). It states a drawing of the engine presented by AVIC group President Lin Zuoming represented the preliminary design ACAE was known to have prepared. It mentions that Western specialists suspect the ACAE fan blades will be solid due to the challenging nature of hollow blade technology.
- Published
- 2011
24. Brand-New Shoots.
- Author
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Francis, Leithen
- Subjects
- *
AIRLINE industry , *SUBSIDIARY corporations , *BUSINESS partnerships - Abstract
The article focuses on the creation of off-shoot airline carriers by full-service airlines operating in the Asia-Pacific region. It states that Thai Airways International plans on launching a full-service short-haul (SH) carrier and is working with Tiger Airways in Singapore to introduce Thai Tiger, a low-cost SH carrier. It mentions that All Nippon Airways is working with business partners to create a low-cost SH carrier, Peach, based in Osaka, Japan.
- Published
- 2011
25. Overdue Moves.
- Author
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Wall, Robert and Nativi, Andy
- Subjects
- *
AEROSPACE industries , *MERGERS & acquisitions , *SUBSIDIARY corporations , *MANAGEMENT - Abstract
The article focuses on the European aerospace industries companies EADS and Finmeccanica. Corporate acquisitions by both companies and mergers of subsidiary corporations are examined in terms of efforts to consolidate their operations and reposition the companies in new markets. The acquisition of the firm Vector Aerospace by EADS and the management of the consolidation of the firm Selex Communications by Finmeccanica are cited.
- Published
- 2011
26. Transformation Time.
- Author
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Flottau, Jens
- Subjects
- *
DEFENSE industry management , *SUBSIDIARY corporations , *STRATEGIC planning , *MANAGEMENT - Abstract
The article focuses on Cassidian, the defense industries division of the aerospace industry company EADS. A change in Cassidian's strategic planning is discussed in which the company will focus on marketing in developing countries due to cutbacks in military spending by many European countries. Changes in Cassidian's organizational structure are considered.
- Published
- 2011
27. Revenue Raisers.
- Author
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Compart, Andrew
- Subjects
- *
SUBSIDIARY corporations , *CORPORATE profits , *COMMERCIAL aeronautics ,AIRLINE industry finance - Abstract
The article discusses business operations of Delta Air Lines other than its core operation of commercial passenger traffic. The company's airplane maintenance subsidiary Delta TechOps is used as an example of how these operations contribute to the airline's revenues and corporate profits. The company's leasing and rental service for private planes is examined.
- Published
- 2010
28. Easy Does It.
- Author
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Perrett, Bradley
- Subjects
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SUBSIDIARY corporations , *AEROSPACE industries , *CORPORATE reorganization management , *ORGANIZATIONAL structure , *HOLDING companies , *MANAGEMENT - Abstract
The article focuses on the Chinese aerospace industry company Aviation Industry Corp. of China (Avic). The company's reorganization creating subsidiary corporations which are focused on specific areas of the aerospace industry such as Avic Aircraft, Avic Systems and Avic Engine is considered. A need for Avic to allow the executives of these companies more power in decision-making is discussed.
- Published
- 2010
29. The Grand Plan.
- Author
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Flottau, Jens and Shannon, Darren
- Subjects
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AIRLINE industry , *SUBSIDIARY corporations , *RECESSIONS , *BOEING 787 Dreamliner (Jet transport) - Abstract
The article focuses on Ethiopian Airlines plans to expand with new subsidiaries in different regions of Africa. Chief executive officer Girma Wake states that Ethiopian Airlines was unaffected by the recession of 2008-2010 and comments on delays in receiving Boeing 787 Dreamliner aircraft. It mentions that Ethiopian Airlines is in talks with Egyptair and South African Airways to set up joint carriers in Central and West Africa.
- Published
- 2010
30. Battling the Budget Lines.
- Author
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Mathews, Neelam
- Subjects
- *
AIRLINE industry , *BUDGET cuts , *COST control , *SUBSIDIARY corporations - Abstract
The article reports on the strategies of airlines in India to control and cut budgets and operational costs to compete with budget airlines. India must undergone a massive cost reduction at every level and must exert effort to have massive cost reduction, according to Civil Aviation Minister Praful Patel. A subsidiary called Red was created by Kingfisher Airlines. Jet Airways has created another budget subsidiary called Konnect which will link key destinations with the major cities in Mumbai, and New Delhi among others.
- Published
- 2009
31. Premium Projects.
- Author
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Flottau, Jens
- Subjects
- *
SUBSIDIARY corporations , *AEROSPACE industries - Abstract
The article reports on the plan of the newly created EADS subsidiary in Germany, Premium Aerotec, to place heavy investments in technology and infrastructure to help it become an independent Tier 1 aerospace supplier. The company was formally created in January as a combination of the two former Airbus sites in Nordenham and Varel and the ex-EADS facility in Augsburg, Germany. Premium Aerotec produces large fuselage sections for the Airbus A320 and A330/340 series.
- Published
- 2009
32. Out in the Cold.
- Author
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Flottau, Jens
- Subjects
- *
BUSINESS negotiation , *BUSINESS losses , *SUBSIDIARY corporations - Abstract
The article reports on the decision of Lufthansa to pull out of the corporate takeover negotiation with SAS Group. Lufthansa decided to pull out of the talks due to the mounting financial losses at SAS's Spanish subsidiary Spanair. The subsidiary took an operating loss of 641 million kronor ($80 million) in the first nine months of 2008, significantly exceeding the 91-million-kronor loss of a year earlier and in spite of savings measures.
- Published
- 2008
33. Taking Stock.
- Author
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Santiago, Annette R.
- Subjects
- *
REGIONAL airlines , *SUBSIDIARY corporations , *MERGERS & acquisitions , *BUSINESS planning - Abstract
The article focuses on the role of the independent regional flying partners in the merger of Delta Air Lines and Northwest Airlines. Northwest's wholly owned subsidiaries Mesaba and Compass split flying duties with Pinnacle, while SkyWest, ASA, Chautauqua, Shuttle America, Freedom Airlines, Pinnacle and ExpressJet share Delta Connection duties with Delta subsidiary Comair. Delta, planning to cut its own regional capacity with the removal of 70 RJs, says the merger does not alter its regional jet strategy.
- Published
- 2008
34. Fleeing Japan.
- Author
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Perrett, Bradley
- Subjects
- *
SUBSIDIARY corporations , *INTERNATIONAL trade , *COMMERCIAL aeronautics - Abstract
The article announces that the solution of the Japanese company, All Nippon Airways to the problem of meeting a foreign budget airline invasion is a low cost subsidiary based abroad. Analysts say that the challenge that All Nippon has to face is the familiar one of proliferating no-frills competitors. They add that the company has subsidies within the country that run its narrow-body operations, which features products that meet foreign standards and with lower costs.
- Published
- 2008
35. Transatlantic Tango.
- Author
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Schofield, Adrian
- Subjects
- *
SUBSIDIARY corporations , *ECONOMIC competition , *AIRLINE industry , *COMMERCIAL aeronautics - Abstract
The article focuses on the plan of British Airways to launch a subsidiary to infiltrate its rivals' key routes. The airline will reveal the destinations for its new subsidiary by the end of November 2007, according to chief executive officer (CEO) Willie Walsh. Code-named Project Lauren, it will fly between Eastern U.S. and Western European cities, bypassing the airline's main hub at London Heathrow airport in England.
- Published
- 2007
36. News Breaks.
- Subjects
- *
COMMERCIAL aeronautics , *CARRIERS , *SUBSIDIARY corporations , *MERGERS & acquisitions - Abstract
The article reports on a government approval received by Hainan Airlines for the establishment of a new carrier by merging with subsidiaries.
- Published
- 2007
37. Six Grand.
- Subjects
- *
AIRPLANES , *SUBSIDIARY corporations , *HELICOPTERS , *REMOTELY piloted vehicles - Abstract
The article talks about the delivery of its 6,000th aircraft to a commercial customer by Schweizer Aircraft Corp. in the U.S. Of the aircraft produced since the company began 70 years ago, more than 1,000 have been rotorcraft. Schweizer became a subsidiary of Sikorsky Aircraft Corp. in 2004. It sells commercial helicopters and also manufactures the Fire Scout vertical takeoff unmanned aerial vehicle under contract to Northrop Grumman Corp.
- Published
- 2007
38. News Breaks.
- Subjects
- *
PURCHASING of business enterprises , *SUBSIDIARY corporations - Abstract
This article states that TAT subsidiary Sabena Technics purchased EADS Barfield, the component repair and maintenance entity, as part of Sabena Technics efforts to expand in the U.S. Barfield has facilities in Miami, Phoenix and Louisville.
- Published
- 2007
39. EADS North America.
- Subjects
- *
CORPORATE presidents , *SUBSIDIARY corporations - Abstract
The article reports on the appointment of Scott Selle as president of Fairchild Controls Corp. in Frederick, Maryland. The company is a subsidiary of EADS North America. Selle was formerly a director of component aftermarket services for Honeywell Aerospace.
- Published
- 2006
40. Alteon Training.
- Subjects
- *
EXECUTIVES , *COMMERCIAL aeronautics , *SUBSIDIARY corporations - Abstract
The article reports on the recruitment of Sherry Carbary at Alteon Training. Sherry Carbary has been named president of Seattle-based Boeing subsidiary Alteon Training. She was vice president-strategic management for Boeing Commercial Airplanes. Carbary succeeds Patrick Gaines, who is now Boeing vice president-customer support for Asia-Pacific.
- Published
- 2006
41. MARKET FOCUS.
- Author
-
Anselmo, Joseph C.
- Subjects
- *
COMMERCIAL aeronautics , *STOCK prices , *SUBSIDIARY corporations - Abstract
The article presents information on the market performance of several business enterprises related to the aviation industry. In life, L-3 Communications Holdings Chairman/CEO Frank C. Lanza was one of the most highly regarded executives on Wall Street. So it seemed a bit ironic that his sudden death on June 6 triggered a run-up in the company's stock. BAE Systems PLC is aggressively expanding its U.S. subsidiary and would be especially interested in L-3's defense electronics operations. BAE's U.S. sales are on a pace to top $10 billion this year, roughly the same volume as L-3's. However, BAE declines to comment on the speculation.
- Published
- 2006
42. INSIDE AVIONICS.
- Author
-
Hughes, David
- Subjects
- *
SUBSIDIARY corporations , *RADIO control , *AERONAUTICS , *AIRPLANES - Abstract
The article reports that ITT Defense, a British subsidiary of ITT Industries of the U.S., has developed a radio control display unit that can control two ARC-201 Single Channel Ground and Airborne Radio System VHF radios from one console. The 1-k.g. Export Radio Control Display Unit is similar to the one used by the British Army to control Bowman radios in the Merlin EH101, Lynx and Chinook helicopters. AA growing market is emerging for airborne embedded training systems because of the potential for cost savings when advanced training scenarios can be played out in a virtual manner.
- Published
- 2005
43. Hearty Appetite.
- Author
-
Tegtmeier, Lee Ann
- Subjects
- *
MERGERS & acquisitions , *AERONAUTICS , *SUBSIDIARY corporations , *CONFERENCES & conventions , *EXECUTIVES - Abstract
The article reports that the airlines company Garrett/Piedmont Hawthorne/Associated is shedding its cumbersome name in favor of what it hopes is the catchier Landmark Aviation. The group anticipates announcing two more acquisitions during the National Business Aviation Association convention November 9-11 in Orlando, Florida. Landmark Aviation is retaining its integration team on a permanent basis to help with further acquisitions, including a few prospects in Europe. The Carlyle Group purchased Garrett Aviation Services from General Electric on July 19, 2004, and meshed it with Piedmont Hawthorne, a network of fixed-base operators that it acquired in 1998. For the past year, Landmark executives have been conducting interviews with customers and employees to determine market needs.
- Published
- 2005
44. Hanging On.
- Author
-
Anselmo, Joseph C.
- Subjects
- *
CORPORATE finance , *BUSINESS failures , *AIRBUS aircraft , *COMMERCIAL aeronautics , *SUBSIDIARY corporations , *FINANCIAL crises - Abstract
The article reports that a large second-quarter loss has forced Independence Air to postpone the delivery of six Airbus A319s as it struggles to avoid a bankruptcy filing. The airline's parent company, Flyi Inc., said that it lost $98.5 million for the quarter ended June 30, leaving the carrier with a cash balance of just $66 million. Flyi also disclosed that it was making contingency plans for a Chapter 11 bankruptcy protection filing. But two days later, the airline announced a deal with Airbus that will provide it with $31.2 million in cash, $16.5 million in debt relief, and defer another $11.5 million in payments that were due to the European jet maker later this year.
- Published
- 2005
45. Ratcheting Up.
- Author
-
Wall, Robert
- Subjects
- *
AIR travel , *COMMERCIAL aeronautics , *SUBSIDIARY corporations , *STRATEGIC planning - Abstract
The article reports that Republic Airways Holdings may boost the number of Embraer 170s it will field this year, even as executives devise contingency plans should one of their key customers falter. Indianapolis-based Republic Airways, with its primary subsidiary Chautauqua Airlines, has been operating the Embraer 170 since October. Lars-Erik Arnell, vice president for corporate development, says "accelerated delivery plans" have been drawn up. Although he wouldn't spell out how many more of the RJs the airline may field in 2005, he believes some form of growth strategy will be implemented. In 2006, the airline is to take delivery of a further 39 of the RJs, with higher numbers possible.
- Published
- 2005
46. Bell Bullish on 429.
- Author
-
Phillips, Edward H.
- Subjects
- *
HELICOPTERS , *PRODUCT lines , *SUBSIDIARY corporations , *CORPORATE divestiture , *AERONAUTICS - Abstract
This article reports that technical revelations about Bell Helicopter Textron Inc.'s new Model 429 light helo reflect the company's determination to inject advanced technologies into its product line that will improve performance and utility while reducing direct operating costs. In response to these customers, parent company Textron has given Bell the green light to significantly accelerate the introduction of advanced technologies developed for the Modular Affordable Product Line, a family of helicopters that was planned for introduction at the end of this decade.
- Published
- 2005
47. Holiday Hell.
- Author
-
Ott, James
- Subjects
- *
SUBSIDIARY corporations , *INTERNATIONAL airports - Abstract
This article discusses damages incurred by Comair Inc. due to bad weather conditions. Stoppage of an 18-year-old legacy crew-tracking system is the likely focus of the U.S. Transportation Department investigation into the storm-connected disruption of holiday travel at the Delta Connection carrier Comair Inc. Snow, ice pellets and sleet peppered the Cincinnati/Northern Kentucky International Airport, the Comair and Delta hub, December 23-24, 2004. The system, manufactured by SBS International Inc. a Boeing company now run by its Jeppesen subsidiary, keeps crew assignments in compliance with federal regulations and union contract provisions governing time and duty.
- Published
- 2005
48. Aerostructures Growth.
- Author
-
Sparaco, Pierre
- Subjects
- *
COMMERCIAL aeronautics , *SUBSIDIARY corporations , *BUSINESS partnerships , *SALE of business enterprises - Abstract
This article reports that Latecoere SA's Brazilian subsidiary tests the French group's ability to extend its global reach. Latecoere executives see better times ahead for the commercial transport sector. The French aerostructures group, which has had long-term business links with Airbus Inc. , Boeing, Bombardier and Embraer, foresees robust growth for the next several years and is expanding its production capacity to meet the anticipated demand. It recently acquired a 33% stake in San Jose-based Pesola in a partnership with Sobraer, a subsidiary of Belgium's Sonaca, also an Embraer supplier.
- Published
- 2004
49. Brainy Buy.
- Author
-
Anselmo, Joseph C.
- Subjects
- *
CORPORATE growth , *MARKETS , *SUBSIDIARY corporations , *ELECTRONICS - Abstract
The article reports that Great Britain-based BAE Systems PLC is continuing its expansion in the U.S. market with a deal to acquire a small but highly specialized contractor to the Defense Deptartment and intelligence agencies. BAE Systems said last week that its U.S. subsidiary would pay $88.4 million in cash for Alphatech Systems, a privately held, 322-employee company based in Burlington. Alphatech specializes in fusion and dissemination of intelligence collected by signals, electronic, imaging and human as sets. Alphatech was founded in 1979 by faculty of the Massachusetts Institute of Technology and recorded sales of $51 million in 2003.
- Published
- 2004
50. MESSIER SERVICES BACKS LANDING GEARS WORLDWIDE.
- Subjects
- *
CUSTOMER services , *COMMERCIAL aeronautics , *CUSTOMER relations , *SUBSIDIARY corporations , *HOLDING companies - Abstract
This article reports that Messier Services UK — a Snecma Group member that is backed by parent OEMs Messier-Dowty and Messier-Bugatti — offers a comprehensive range of support and MRO services for aircraft landing systems and associated hydraulics. The company also provides a range of aftermarket support services, including the distribution of spare parts for its parent companies, and a high level of in-field technical assistance. Messier Services has approximately 1,000 employees in the U.S., Great Britain, France and Singapore, and these service professionals support a worldwide customer base of more than 1,000 air carriers and other aircraft operators.
- Published
- 2004
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