The News Review:
- Gol sees slowdown in Brazil aviation market in ‘09
- Senior US Aviation Official Megan Rae Rosia Joins Crowell …
- Air New Zealand and Boeing Announce December Date for Sustainable …
- John Wade Joins Aircell to Lead Business Aviation Services
- ACE Aviation reports third quarter 2008 results
- Babalakin, Zenith Win Aviation Awards
Gol sees slowdown in Brazil aviation market in ‘09
Reuters
TAM said it expects domestic air travel to expand between5 percent and 9 percent next year, down from forecasted growthof 8 percent to 12 percent in 2008. Brazil’s aviation market has grown rapidly in recent yearsthanks to an economic boom that has lifted millions out ofpoverty and allowed many Brazilians to fly for the first time. 19 reais)
(Reporting by Todd Benson, editing by Dave Zimmerman)
© Thomson Reuters 2008 All rights reserved
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Senior US Aviation Official Megan Rae Rosia Joins Crowell …
MarketWatch
Based in Washington, D. , Rosia will focus her practice on aviation regulatory, transactional, and public policy matters. During her time at the FAA, Rosia provided legislative guidance to the FAA Administrator and Department of Transportation Secretary and served as a senior member of the FAA’s management team. “Megan is a highly talented lawyer with extensive experience involving every facet of domestic and international aviation law and public policy. Her knowledge and the experience she has gained working with the FAA and in the aviation industry over many years with great distinction will be valuable assets for our clients. We are extremely pleased to have Megan rejoin our firm, where she began her legal career,” said R.
Air New Zealand and Boeing Announce December Date for Sustainable …
MarketWatch
“The processing technology
exists today, and based on results we’ve seen, it’s highly encouraging that
this fuel not only met but exceeded three key criteria for the next generation
of jet fuel: higher than expected jet fuel yields, very low freeze point and
good energy density,” Glover explained. “That tells us we’re on the right path
to certification and commercial availability. ”
Because of the unique environment in which aviation operates, stringent
criteria are in place to ensure that any alternative fuel meets or exceeds
current jet fuel requirements. Advance testing for the Air New Zealand flight
showed that the jatropha-based biofuel met all critical specifications,
including a freeze point at -53 degrees Fahrenheit (-47 degrees Celsius) and a
flash point at 100 degrees Fahrenheit (38 degrees Celsius). “Laboratory testing showed the final blend had excellent properties,
meeting and in many cases exceeding the stringent technical requirements for
fuels used in civil and defense aircraft,” said Chris Lewis, Rolls-Royce
company specialist for fuels. “The blended fuel therefore meets the essential
requirement of being a ‘drop-in’ fuel, meaning its properties will be
virtually indistinguishable from conventional fuel, Jet A1, which is used in
commercial aviation today. ”
To process the jatropha crude, the team relied on UOP’s green jet fuel
processing technology based on hydroprocessing methodologies that are commonly
used to produce transportation fuels.
Related from Investingmonster: Over US$5 trillion of Sustainable Investing funds available to …
John Wade Joins Aircell to Lead Business Aviation Services
MarketWatch
Wade will be responsible for overseeing the success and direction of
Aircell’s rapidly growing Business Aviation Services division in Broomfield,
Colo. As part of Aircell’s senior leadership team, he will also assist CEO
Jack Blumenstein in developing and meeting the Business Aviation group’s
business plans, as well as interacting with the company’s Commercial Aviation
division. “John’s deep knowledge of inflight communications and the competitive
landscape, coupled with his industry history and status make him ideally
suited to lead our Business Aviation Services division,” said Jack
Blumenstein, Aircell CEO. “With John as part of our leadership team, we are
now even better equipped to build on the company’s industry leading position,
driving the identification, creation, sale and support of innovative, high
quality products and services. ”
Mr.
ACE Aviation reports third quarter 2008 results
SYS-CON Brasil (Assinatura), NJ
ACE recorded a net loss of $135 million for the third quarter of 2008. The deterioration in operating results was mainly due to unprecedented high fuel prices during the third quarter, combined with the effects of an uncertain global economy on Air Canada’s results. Air Canada is the primary remaining aviation interest held by ACE. In addition, the net loss in the current quarter included Air Canada’s mark-to-market losses on financial instruments, consisting primarily of fuel hedge contracts, of $93 million and net foreign exchange losses of $87 million due to a weaker Canadian dollar versus the US dollar. ACE’s unconsolidated cash amounted to $824 million at September 30, 2008. “We continue to actively explore options for our 75 per cent interest in Air Canada to maximize value for our shareholders,” said Robert Milton, Chairman, President and Chief Executive Officer, ACE Aviation Holdings Inc. “We are also actively exploring options for ACE’s capital structure, including its convertible preferred shares,” concluded Mr.
Babalakin, Zenith Win Aviation Awards
THISDAY, Nigeria
Wale Babalakin, on Friday won the Aviation Personality of the Year Award in the 2008 Nigeria Aviation International Expo Awards. MMA2 is the only Public-Private Partnership funded airport in Nigeria and the leading terminal nationwide and one of the best in Africa in terms of infrastructure, security, customer service and passengers’ overall safety and comfort. The award for the Aviation Sector Bank of the Year went to Zenith Bank for its varied financial support and services for the aviation sector. The ceremony was the climax of the second annual Nigeria International Air Transport Conference and Exhibition (NIGAV) held at the Federal Airports Authority of Nigeria Training School in Lagos.