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Indias Kingfisher Airlines has missed pre-delivery payments on 38 turboprops triggering an effective cancellation of the order CEO Filippo Bagnato reported last month during the companys annual state of the company overview in Toulouse.
Russian authorities approve 42/72s to land on non-tarmac runways
Russias Interstate Aviation Committee IAC has granted approval for 4272 aircraft to operate at Russian airports with non-tarmac runways. Of the 332 airports and airdromes in Russia 38 have non-tarmac runways. UTair UT has 14 ...
Bendix identifies potential defect in -6 valve; providing remedy kit
ELYRIA Ohio Bendix Commercial Vehicle Systems has identified a potential defect in its Bendix -6 valve manufactured between Dec. 2 2010 and Jan. 18 2012 and advised the National Highway Traffic Safety Administration on Jan. 26 2012 ...
Tanco, KimEng eye deal on insurer
We are under negotiations with KimEng but the final decision for the acquisition is still subject to the result of our due diligence Mr. Tanco told BusinessWorld in a phone interview yesterday. We are conducting an actuarial study on ALFA ...
Dow Faces Backlash Over Stadium Wrap Install; BOA Wants Podium Finishes
Dow Chemical is set to court more controversy over its 2012 Olympics sponsorship when work begins in a few weeks on the installation of its fabric wrap that will encircle the Olympic Stadium. LOCOG confirms to Around the Rings that the installation ...
Rio 2016 Reveals Nissan as Automotive Partner
As first reported by Around the Rings last month Japanese automaker Nissan will serve as the automotive sponsor for the Rio Olympics in 2016. The organizing committee announced Wednesday that the company will provide a fleet of 4500 vehicles ...
Kingfisher Air Talks to SC Lowy for Investment After Plane Order Scrapped
The airline has also grounded 12 of its existing 27 planes because of a lack of parts. We didnt think the situation of Kingfisher today was such that in a short time theyd be in a position to take additional planes Chief ...
Sets Order Record
saw record order intake in 2011 and deliveries also have started to recover as the aircraft maker sets its sights on a growth phase in terms of output and revenue growth. Output should jump above 70 aircraft this year. Other 2012 milestones the first ...