Cathay Pacific has announced that it will sell its 15 per cent stake in Hong Kong Aircraft Engineering Company Limited (HAECO) to its major shareholder Swire Pacific for HK$2,620m (A$411m). “The transaction is driven by the strategic priorities of Cathay Pacific and will benefit our core aviation business”, Cathay’s chief operating officer John Slosar said.
An investigation by the Fair Work Ombudsman (FWO) has resulted in an aviation operator in southwest Victoria being required to reimburse three pilots $50,000 in underpaid wages, entitlements and allowances. The unnamed operator will not have any further action taken against it by the FWO after it agreed to voluntarily rectify the underpayments. The largest
Problems with suppliers have forced Cessna to temporarily halt production of the Citation Mustang until early July. According to media reports, the supplier issues have been related to flooding in Rhode Island which has prevented some suppliers from being able to produce components in time. As a result of the shutdown, Cessna is issuing rolling
Sukhoi Superjet 100 (SSJ100) SN95003 has successfully completed water ingestion tests on its engines and APU, clearing the type for takeoffs and landings from wet runways. The tests were conducted at Zhukovsky based Sukhoi Civil Aircraft Company’s flight test centre. A special 70m long pool was constructed on the runway, filled with water to a
Boeing rolled out the first production 747-8 Freighter in the colours of launch customer Cargolux on June 7. The new livery features a distinctive new red tail and a logo on the belly, and comes after Boeing delivered the last Cargolux 747-400F with a unique transition paint scheme featuring fading stripes. “The design stands for
The first Lockheed Martin F-35C carrier variant (CV) made its first flight at Fort Worth on June 6, 10 months after it rolled off the production line last August. The flight of CF-01, which features a larger wing and horizontal stabiliser area, folding outer wing panels, structural strengthening, an arrestor hook and beefed up undercarriage
