The News Review:
- Aviation group spent $2.4M lobbying
- China Aviation Oil Group 2007 revenue 74.9 bln yuan – report
- BBA Aviation in talks with L&G over pension scheme – report
- Japan Aviation Shares Plunge After Cutting Forecasts (Update1)
- ACE Aviation’s Milton Holds Stake in Malaysia’s AirAsia X
Aviation group spent $2.4M lobbying
Forbes – Mar 24, 2008
4 million in 2007 to lobby on aviation security and other transportation issues. The trade group spent about $1. 4 million in the second half of 2007 to lobby the federal government, according to a disclosure form posted online Feb.
China Aviation Oil Group 2007 revenue 74.9 bln yuan – report
Forbes – Mar 24, 2008
9 bln yuan, the official China Securities Journal reported, citing sources close to the matter. The report said the company sold 14. 51 mln tons worth of oil products in 2007, meeting the aviation fuel requirements of about 90 pct of China’s airlines. The company’s Singapore-listed unit nearly collapsed in 2005 due to derivative trading losses of 550 mln usd.
BBA Aviation in talks with L&G over pension scheme – report
Forbes – Mar 24, 2008
The deal, which is designed to reduce risk, will see BBA continuing to own and run the scheme, as well as retaining liabilities, a source told the newspaper. BBA declined to comment, the paper added.
Japan Aviation Shares Plunge After Cutting Forecasts (Update1)
Bloomberg – Mar 24, 2008
, a maker of gyroscopes for aircraft, fell the most in sevenyears in Tokyo trading after cutting its annual profit forecast28 percent because of falling prices and the stronger yen. Japan Aviation plunged 11 percent to 751 yen on the TokyoStock Exchange today, the biggest decline since January 2001. Thebenchmark Nikkei 225 Stock Average closed little changed. Net income will probably fall 21 percent to 5.
ACE Aviation’s Milton Holds Stake in Malaysia’s AirAsia X
Bloomberg – Mar 24, 2008
, the parent of Air Canada,has become a shareholder of AirAsia X, according to AirAsia Bhd. ,which also has a stake in the Malaysian discount carrier.