Eurocopter acquires Vector Aerospace
EADS subsidiary Eurocopter Holding has announced the acquisition of 98.32 per cent of Candian firm Vector Aerospace Corporation, following a C$625 million takeover bid launched in March this year. Eurocopter, which had planned to obtain 100 per cent of Vector under a compulsory acquisition, bought a total of 77, 627, 98 common shares at an
Garuda Indonesia has signed a firm order for four Airbus A330-300s, while it has converted three previously placed A330-200 orders into -300 versions. Garuda currently operates a leased fleet of seven A330-200s and six A330-300s.
Tiger grounding to cost $1.5m a week
Tiger Airways’s grounding in Australia will cost around A$1.5 million a week, parent Tiger Airways Holdings notified the Singaporean stock exchange on Sunday. The grounding is currently in effect through until Saturday July 9, stranding about 35,000 passenger booked to fly on Tiger during that time. The Civil Aviation Safety Authority (CASA) may apply to
The ALAEA has cancelled planned Qantas industrial action this week and lifted its overtime ban following CASA’s grounding of Tiger Airways late on Friday evening. “We fully intended to kick that campaign off on Monday in earnest but the Tiger woes have thrown a spanner into our works,” federal secretary Steve Purvinas wrote on the
CASA has grounded Tiger Airways Australia, saying allowing the airline to continue flying would pose “a serious and imminent risk to air safety”. The grounding, the first time the aviation safety regulator has grounded a major airline, was issued late on Friday evening and took effect from Saturday morning, grounding the airline’s 10 strong Airbus
The RAAF has a new Chief of Air Force (CAF) after Air Marshal Mark Binskin formally handed over command to newly promoted Air Marshal Geoff Brown today. Brown was announced as the incoming CAF by Prime Minister Julia Gillard and Defence Minister Stephen Smith on June 1 as part of the changeover of defence senior
