Tags: News

Plane crashed in Colombia might have run out of fuel

According to a pre-crash transmission recording, the pilot of the chartered plane carrying Brazilian football club Chapecoense announced that the plane was running out of fuel. The crash of the Avro RJ85 plane operated by Bolivia’s LaMia happened on the night from the 28th to the 29th of November, killing 71 out of 77 people […]

Bolivian airline LaMia grounded after fatal crash

On the 1st of December, Bolivian authorities announced suspending the operator’s license of LaMia, a local charter carrier after the fatal crash that happened on the 28th of November, most possibly due to insufficient fuel. The crash that happened in close proximity to Medellin, Colombia, resulted in 71 deaths, with only six survivors. Among the […]

KfW IPEX-Bank, PTA Bank finance RwandAir‘s A330-300

KfW IPEX-Bank and the Eastern and Southern African Trade and Development Bank (PTA Bank) have closed the financing of an Airbus A330-300 for the Rwandan airline RwandAir. The aircraft with serial number MSN 1759 was delivered on the 30th of November 2016 in Toulouse, France. John Mirenge, RwandAir’s Chief Executive Officer, said: “With a capacity […]

Lufthansa makes new offer to Vereinigung Cockpit pilots’ union

Deutsche Lufthansa has made the Vereinigung Cockpit pilots’ union a new offer to resolve the present industrial dispute. The move follows days of strike action in recent weeks with hundreds of thousands of passengers hit by disruption. The airline is now offering a two-step 4.4 per cent increase in remuneration plus a one-off payment. Remuneration […]

Boeing Response to WTO Ruling on Washington State Tax Incentives

The World Trade Organization (WTO) rejected virtually all of the European Union’s challenges to the Washington state tax incentives. In the case, the EU challenged seven different state tax incentives. The WTO rejected entirely the EU’s challenge to six of the seven incentives and rejected most of the challenge to the seventh. The WTO held […]

RAKDCA celebrates National Day in great splendour

Ras Al Khaimah’s Department of Civil Aviation (RAKDCA) held a celebratory event with great pomp and show to celebrate the 45th National Day of the UAE at the Civil Aviation Department premises. Presided over by His Excellency Engr. Sheikh Salem Bin Sultan Bin Saqr Al Qasimi, Chairman, Department of Civil Aviation, Ras Al Khaimah, the […]

WTO: Tax cut for Boeing is unlawful

The World Trade Organization (WTO) Panel (DS487) has concluded the European Union request for consultations with the United States with respect to conditional tax incentives established by the State of Washington in relation to the development, manufacture, and sale of large civil aircraft. WTO found that the tax incentives given by Washington State government in […]

Plane with 81 on board crashes in Colombia

A chartered aircraft with 81 people on board, including a Brazilian first division soccer team heading to Colombia for a regional tournament final, has crashed on its way to Medellin’s international airport. Aviation authorities said there are reports of at least six survivors. “It’s a tragedy of huge proportions,” Medellin Mayor Federico Gutierrez told Blu […]

Mubadala and HNA Group Announce Expanded Collaboration

Mubadala, the Abu Dhabi investment and development company, and HNA Group, a global Fortune 500 company focused on Tourism, Logistics, and Financial Services, today announced that they have signed a Memorandum of Understanding (“MOU”) regarding expanded investment collaboration between the two organizations. Following a series of senior leadership meetings in Abu Dhabi, Mubadala and HNA […]