Emirates Investment & Development PSC – Dubai
June 5, 2008
H.E. Buti Saeed Alghandi Chairman of Emirates Investment & Development PSC (Emivest) of Dubai, UAE, the master developer of the Dubai – Lyon city project, announced today that Emivest have obtained approval from the Committee on Foreign Investment in the United States (CFIUS) to acquire an 80 percent stake in Sino Swearingen Aircraft Corporation (SSAC) of San Antonio, Texas.
The acquisition will enable SSAC to initiate full-scale production of its SJ30. The SJ30 is the world’s fastest, longest range and highest flying light jet. The SJ30 has a high-speed cruise of Mach .83, a range of 2,500 nautical miles and an operating ceiling of 49,000 feet.
This is the first acquisition of an American company by Emirates Investment & Development PSC.
Igor Hulak Appointed Today New President of AERO
June 3, 2008
ODOLENA VODA, June 2, 2008: In the context of the successful completion of the restructuring project of AERO Vodochody a.s., the main result of which was profit reached for the year 2007 in the amount of CZK 236 million, Mr. Peter Ondro has today handed over the post of the President of the Company to Mr. Igor Hulak, who immediately took his office. Mr. Peter Ondro continues in the team of Aero as a consultant, nevertheless within the private equity group Penta he was assigned with a new important project of building up the largest producer of meat in Central Europe through lately purchased meat-processing companies in Slovakia and Hungary.
“I am glad to join the AERO Vodochody team, which I approach to with ambitious respect from the point of its long and significant tradition as well as its current successful position within the private equity group Penta. I am ready to continue in the established speed and with even higher demands set by the shareholder for the Company for the future,” said new President Igor Hulak.
“My main tasks set for me for Aero have been completed, nevertheless I will continue in cooperation with the Company and in meeting the set aims. I see great potential in Aero and its further development would not deserve a part-time president. Good luck to Mr. Hulak in his new position as well as the whole Aero team,” said today already ex-president of Aero.
AERO Vodochody a.s. is the largest aviation technology manufacturer in the Czech Republic and one of the oldest aviation technology manufacturers in the world. 100% of the shares of the Company are held by private equity group Penta
Embraer Provides Embraer 190 Jets To Brazilian Government
June 2, 2008
Aircraft will serve the President of the Republic
São José dos Campos, June 2, 2008 –
Embraer signed a contract, today, for the sale of two EMBRAER 190 jets to the
Brazilian government for transporting official personnel. The aircraft will be
configured specifically for this purpose and will be operated by the Special
Transportation Group (Grupo de Transporte Especial – GTE) of the Brazilian Air Force
(Força Aérea Brasileira – FAB), which serves the President of the Republic, Ministries,
Presidential Departments, and officials from the Legislative and Judiciary Branches.
“It will be an honor and a source of pride for all of Embraer’s employees to see our
EMBRAER 190 flying in the colors of the Federal Republic of Brazil,” states Embraer’s
President and CEO, Frederico Fleury Curado. “We are certain that the attributes that have
provided the underpinnings of the success of this aircraft model, worldwide – comfort, safety,
performance, advanced technology, and economical operations – will contribute to the
excellence of the GTE’s operations, as it fulfills its mission within the scope of the Brazilian
Air Force and the Brazilian government.”
The aircraft will be configured with special communications systems, providing maximum
security levels, as well as a private area for the President, including space for meetings. It will
also have a capacity for carrying around 40 passengers with a range, from Brasília, that covers
all of South America, thus offering great operational flexibility for its designated missions.
“Embraer is a worldwide benchmark for the aeronautical industry, and the purchase of these
new aircraft is in harmony with the objectives of the Nation’s industrial development
policies,” said Aeronautics Commander, General Juniti Saito.
CAE wins contracts for five full-flight simulators valued at more than C$56 million
June 1, 2008
MONTREAL, QUEBEC–(Marketwire – May 30, 2008) – (NYSE:CGT)(TSX:CAE) – CAE has been awarded contracts to design and manufacture five full-flight simulators (FFSs) valued at more than C$56 million at list prices. The contracts are with Aeroflot Russian Airlines, Ansett Aviation Training, Skymark Airlines of Japan, and CAE’s new training centre in Bangalore, India, which is a joint venture owned 50 percent by CAE. The company has now announced a total of 10 FFS sales year to date in fiscal year 2009.
“We have had a strong start to our fiscal year and we expect continued success by offering the industry’s most comprehensive portfolio of simulation products ideally suited for pilot training programs,” said Marc Parent, CAE’s Group President, Simulation Products and Military Training & Services. “We’re particularly pleased to welcome first-time customer Skymark to our long list of simulation equipment customers.”
Aeroflot
Aeroflot Russian Airlines has ordered a CAE 5000 Series Airbus A320 FFS, which will be delivered later this year to its training centre in Moscow.
“Aeroflot has been operating a CAE-built A320 simulator for the past four years and we have been very satisfied with the high quality of the equipment and CAE’s excellent customer support,” said Mr. Prikhodchenko, Director of Aeroflot’s Training Centre. “When we decided to add another A320 device to our facility, we evaluated CAE’s new 5000 Series full-flight simulator and once again came to the decision that CAE should be our supplier.”
Skymark
Skymark Airlines of Japan has ordered a CAE 7000 Series Boeing 737-800 FFS, which will be delivered in 2009. It is the first simulator CAE has sold to Skymark, a low-fare carrier based in Tokyo, Japan.
Ansett Aviation Training
CAE will provide a CAE 7000 Series Airbus A320 FFS to Ansett Aviation Training, an independent training facility located in Melbourne, Australia. This is the second A320 simulator CAE has sold to Ansett and it will be delivered later this year.
“Ansett Aviation Training continues to expand with our new training facility close to completion where we will provide a first-class training experience across a range of aircraft types,” said David Gilmour, Director of Ansett Aviation Training. “We are pleased to work again with CAE in providing an enhanced training opportunity for A320 operators and their crews.”
CAE Bangalore training centre
CAE signed a contract with the joint venture company that will own and operate the new CAE Bangalore training centre in India. CAE owns 50 percent of the joint venture company. CAE will provide two CAE 7000 Series full-flight simulators: one A320 FFS and one Boeing 737NG FFS. In addition, CAE will provide a CAE Simfinity(TM) Airbus Pilot Transition (APT) trainer. The simulators are scheduled to be delivered this summer.
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