Tag: Law (Page 2 of 3)

Italy Tax Authorities Say Fiat Underestimated Value of Chrysler by $5.6 Billion

December 4, 2019 / WIL BALDWIN

MILAN (Reuters) – Italian tax authorities believe that Fiat Chrysler Automobiles <FCAU> underestimated the value of its U.S. business by 5.1 billion euros following Fiat’s phased acquisition of Chrysler, according to a company filing and a source close to the matter.

The audit, which concerns transactions dating back to 2014, could result in FCA having to pay back taxes for $1.5 billion, the source added, confirming a report by Bloomberg.

FCA said in its third-quarter report that the tax authorities had issued to the company a final audit report in October this year “which, if confirmed in the final audit assessment, could result in a material proposed tax adjustment related to the October 12, 2014 merger of Fiat SpA into FCA NV.”

It said the issuance of a final audit report starts a 60-day negotiation period, which ends with the issuance of a final audit assessment expected to be received by the end of December 2019.

“The company believes that its tax position with respect to the merger is fully supported by both the facts and applicable tax law and will vigorously defend its position,” it said in the third-quarter report.

A spokesman for Italy’s tax agency declined to comment.

“At this time, we cannot predict whether any settlement may be reached or if no settlement is reached, the outcome of any litigation. As such, we are unable to reliably evaluate the likelihood that a loss will be incurred or estimate a range of possible loss,” Fiat said.

News of the tax probe comes at a delicate time for Fiat Chrysler, which is finalizing talks with PSA, the maker of Peugeot and Citroen, over a planned $50 billion merger to create the world’s fourth-largest automaker.

(Reporting by Silvia Aloisi in Milan; Editing by Anil D’Silva)

Logo of car manufacturer Fiat is seen in Zurich

Peruvian Airlines Halts All Operations

October 7, 2019 / WIL BALDWIN

Peruvian Airlines has posted the following message on its website!

As a result of an embargo carried out by the Customs of Peru on all Peruvian accounts, due to the valuation difference in the temporary importation of 2 commercial aircraft since the Temporary Admission Law did not exist in the country, the coercive action occurred that resulted in the lack of liquidity that affected our operations.

This embargo that generated the paralysis of our flights for half a day, created a distrust with the travel agencies that significantly lowered their sales, affecting even more the cash flows of the company not allowing its operation, a situation from which we could not recover, So we are in the unfortunate situation of having to suspend all our flights until further notice.

Faced with this situation, we are making efforts with new investors in order to refloat the company in order to continue providing the important service that Peruvian represents for national aviation as it is the only Peruvian company that operates in the skies of Peru for more than 10 years.

We deeply regret the inconvenience that our passengers are causing and we reiterate our commitment to provide a prompt solution. For information, call 716 6000 or Av. Pardo 495 Miraflores.

First Leonardo AW109 Trekker VIP for Europe Debuts at Monaco Yacht Show

September 28, 2019 / WIL BALDWIN

The first VIP AW109 Trekker for the European market is destined for the United Kingdom where Leonardo has a fleet of almost 100 VIP helicopters
Leonardo has a global fleet of over 830 VIP helicopters performing private, charter, scheduled, corporate transport, air-taxi, tourism and VVIP transport
With skids and high levels of customization, the AW109 Trekker is slated to increase Leonardo’s impressive VIP market share (44% in twin engines)

The first Leonardo AW109 VIP Trekker helicopter for a European customer debuts today at the Monaco Yacht Show – Leonardo stand QA13 / Quai Antoine 1er. The Monaco Yacht Show (25 to 28 September) is one of the most important international luxury yacht showcases. After the show, the VIP Trekker will fly to the United Kingdom for delivery thanks to Sloane Helicopters, Leonardo’s distributor for over twenty years in the United Kingdom and Ireland. The privately-owned aircraft will be operated by Apollo Air Services, available for VIP charter market.

The AW109 Trekker is the newest model within Leonardo’s light twin-engine helicopter range. The Trekker joins a fleet of Leonardo VIP helicopters that lead the UK and Irish market: almost 100 aircraft with nearly 90% represented by the AW109 series (Power, Grand and GrandNew). This market is second only to Brazil where about 130 Leonardo VIP helicopters fly amongst 400 San Paolo helipads.

The helicopter maker and the distinguished Italian Style of its VIP helicopter design are embraced around the world, boasting a 44% global share in the twin-engine VIP helicopter market. The Company’s fleet of 2,300 civil helicopters are used for law enforcement, offshore transport, utilities, search and rescue and VIP / corporate transport. More than 830 aircraft carry out a range pf passenger transport missions including private, charter, scheduled flights, corporate, air-taxi, tourism, VVIP.

Leonardo’s VIP helicopter models all share a strong commitment to high performance, versatility, safety, reliability, support and training services, design and a high level of customization. The Company features the largest range of executive, corporate and government transport helicopters including the AW119Kx single engine 1.8 tonne, the AW109 series, the AW169, AW139, AW189 and the three-engine 16 tonne.

With the AW109 Trekker Leonardo is destined to increase its notable market share, thanks to features that combine the qualities of the AW109 Grand—long recognized by operators—including its spacious cabin, state-of-the-art Genesys Aerosystems avionics and skids, particularly suitable for landing on yachts. The combination is unmatched in terms of cost/effectiveness, technology and performance.

Sloane Helicopters will be maintaining two AW109 Trekkers in UK. Building on the qualities that have made the AW109 series the benchmark helicopters in its category, Sloane will be performing demonstration flights with the new Leonardo light twin inviting operators to learn more about its unique characteristics.

NOTE TO EDITORS ON THE AW109 TREKKER VIP

The AW109 Trekker combines excellent performance, the latest technology and high safety standards to provide customers an ideal combination of comfort and capabilities. The finest materials and the highest levels of craftsmanship give the helicopter a unique style and ensure passengers a pleasant journey.

The AW109 Trekker is equipped with a latest generation Genesys Aerosystems glass cockpit that can be configured according to customer needs: one or two pilots, VFR or IFR.

The large and bright cabin can be configured in a variety of layouts and boasts an effective soundproofing system to offer passengers an extremely pleasant flight. Large sliding doors on both sides ensure easy entry and exit, while the luggage compartment offers high load capacity.

It can carry 6/7 passengers and has a maximum take-off weight of 3.175 kg. Over 60 AW109 Trekkers have already been sold to customers around the world to date for multiple missions such as VIP transport, offshore, utilities, EMS / SAR, law enforcement.

Labour Judge Rules That Tesla Broke Labour Law

September 28, 2019 / WIL BALDWIN

Tesla charging station is pictured during the media day for the Shanghai auto show in Shanghai

(Reuters) – Electric carmaker Tesla Inc <TSLA> interfered with legitimate union organising and must read a notice to workers explaining their rights in a meeting requiring attendance from Chief Executive Elon Musk, a U.S. labour judge ruled on Friday.

The company committed a series of violations of the National Labor Relations Act in 2017 and 2018, Amita Baman Tracy, a California administrative law judge ruled in a court filing.

Among the violations of the law cited in the filing was a tweet sent by Musk in May 2018.

“Nothing stopping Tesla team at our car plant from voting union. Could do so tmrw if they wanted. But why pay union dues & give up stock options for nothing? Our safety record is 2X better than when plant was UAW & everybody already gets healthcare”, Musk wrote in the tweet http://bit.ly/2nR14f9 from last year.

The tweet amounted to “threatening employees” with loss of stock options if they vote in favour of the union, the judge said in her ruling on Friday.

The ruling has called on the electric carmaker to hold a meeting at its California assembly plant where either Musk or his agent must inform the workers that the National Labor Relations Board has concluded that Tesla broke the law.

Tesla did not immediately respond to a Reuters request for comment on Friday’s ruling.

In the past, the company has been plagued by safety complaints brought by workers, allegations that Tesla denies. Workers have said that long hours and pressure to deliver vehicles quickly takes a toll, and some have pushed for a union.

(Reporting by Kanishka Singh in Bengaluru; Editing by Sandra Maler)

Spirit Airlines Must Face ‘Gotcha’ Carry-on Bag Fee Lawsuit

September 12, 2019 / WIL BALDWIN

NEW YORK (Reuters) – A federal appeals court revived a lawsuit by Spirit Airlines passengers who said the low-cost carrier blindsided them by imposing unexpected carry-on bag fees on tickets bought through Cheapoair, Expedia, Priceline and Travelocity.

The 2nd U.S. Circuit Court of Appeals in Manhattan said 22 passengers could sue for breach of contract because there was no evidence that Spirit promptly notified them about the fees, and there were “ambiguities” in the prices they would pay.

Spirit and its lawyers did not immediately respond to requests for comment.

Compared with many carriers, Spirit relies more on ancillary fees to offset the financial drag from lower base fares.

The plaintiffs accused the Miramar, Florida-based carrier of knowing that its online travel agents hid the “gotcha” bag fees they would have to pay at the airport.

They said these fees often exceeded the cost of their tickets, and totaled millions of dollars a year.

Spirit countered that federal law precluded the lawsuit, and that its “contract of carriage” specifically provided that a passenger could take one carry-on bag into the cabin, for a fee.

The appeals court returned the case to U.S. District Judge William Kuntz in Brooklyn, who had dismissed it last November.

“This is a great victory for air travelers nationwide,” the plaintiffs’ lawyer John Hermina said in an interview. He said his clients will pursue their case in the district court.

On Tuesday, Spirit advertised carry-on bag fees for an Oct. 1 flight to Fort Lauderdale, Florida, from New York’s LaGuardia Airport ranging from $28, if booked on its website, to $65, if paid at the gate. Base fares ranged from $26 to $121.99.

The case is Cox et al v Spirit Airlines Inc, 2nd U.S. Circuit Court of Appeals, No. 18-3484.

(Reporting by Jonathan Stempel in New York; Editing by Richard Chang)

Airbus Delivers 1,000th Super Puma Helicopter

September 8, 2019 / WIL BALDWIN

Airbus’ 1,000th Super Puma helicopter – A civil H215 to be operated by the German Federal Police

Marignane – Airbus Helicopters has delivered its 1,000th Super Puma helicopter: a twin-engine multi-role H215 assembled in Marignane, France, and handed over to the German Federal Police (Bundespolizei) to support the German Havarie Command, which manages maritime emergencies off of Germany’s coast.

This delivery completes the German Federal Police’s order for four H215s, the first three of which were delivered in December 2018, and increases the German Federal Police’s Super Puma fleet to 23, including 19 AS332 L1s, making the police force one of the largest operators of Super Pumas in the world today.

“The Super Puma family of civil and military helicopters has consistently performed well thanks to its ability to appeal to many different mission segments, whether you’re fighting fires, building power lines, transporting troops, or saving lives in extreme environments,” said Bruno Even, CEO of Airbus Helicopters. “Thanks to our close partnerships with long-standing customers like the German Federal Police, who we are honoured will operate our 1000th Super Puma, we are able to continuously improve so that this important product continues to meet the evolving market needs for decades to come.”

Today, the Super Puma is operated by nearly 100 customers in 59 countries representing all regions of the world. The Super Puma family is composed of the H215 and H225 for the civil market, produced by Airbus Helicopters for law enforcement, aerial work, search and rescue, offshore transport and governmental missions, and appreciated for their versatility and ability to operate in extreme environmental conditions. In the military sector, Airbus Helicopters offers the H215M and H225M for search and rescue, troop transport, special ops and utility missions, among others.

Airbus is a global leader in aeronautics, space and related services. In 2018, it generated revenues of €64 billion and employed a workforce of around 134,000. Airbus offers the most comprehensive range of passenger airliners. Airbus is also a European leader providing tanker, combat, transport and mission aircraft, as well as one of the world’s leading space companies. In helicopters, Airbus provides the most efficient civil and military rotorcraft solutions worldwide.

American Airlines Mechanic Charged with Alleged Sabotage of Plane Amid Union Dispute

September 5, 2019 / WIL BALDWIN

WASHINGTON, Sept 5 (Reuters) – An American Airlines mechanic was on Thursday charged with purposely damaging an aircraft in July amid a dispute between the airline and its mechanics union involving stalled contract negotiations.

Pilots of a flight from Miami to Nassau, Bahamas on July 17 aborted take-off plans after receiving an error message involving the flight computer, which reports speed, pitch and other data, according to a criminal complaint filed in U.S. District Court of Southern Florida.

It said after returning to the gate for maintenance, a mechanic discovered a loosely connected pitot tube that measures airspeed and connects directly to the flight computer.

A later review of video surveillance footage before the flight captured “what appears to be the sabotage of the aircraft” by a man walking with a limp, the complaint said.

When suspect Abdul-Majeed Marouf Ahmed Alani was interviewed, he told law enforcement he was upset at the stalled contract between the union and American, which he said had affected him financially, according to the complaint. It said Alani claimed to have tampered with the aircraft to cause a delay or have the flight canceled in anticipation of obtaining overtime work.

Unions have complained that American is trying to outsource more maintenance jobs, a move American has indicated is necessary to cover increased wages.

A U.S. federal court last month issued a permanent injunction against American’s mechanics union, which the airline had accused of illegal slowdowns it said had devastated its operations during the peak summer travel season.

A spokesman for American said the airline had an “unwavering commitment” to safety and security and had placed passengers on the July 17 flight subject to the criminal complaint on another plane to get to their destination.

“At the time of the incident, the aircraft was taken out of service, maintenance was performed and after an inspection to ensure it was safe the aircraft was returned to service,” the spokesman said. “American immediately notified federal law enforcement who took over the investigation with our full cooperation.”

The Miami Herald reported that Alani is set to make an initial court appearance on Friday. Court records did not indicate if Alani had an attorney.

The U.S. federal court order last month prohibits employees from “calling, permitting, instigating, authorizing, encouraging, participating in, approving, or continuing any form of disruption to or interference with American’s airline operations,” including a refusal to accept overtime or complete any maintenance repairs in the normal course of work.

(Reporting by David Shepardson; Additional reporting by Tracy Rucinski in Chicago; Writing by Jamie Freed; Editing by Christopher Cushing)

African Court Impounds Tanzanian Airplane

August 24, 2019 / WIL BALDWIN

DAR ES SALAAM/JOHANNESBURG, Aug 24 (Reuters) – South African authorities impounded an Airbus 220-300 aircraft leased by Tanzania’s national flag carrier following a court application by a retired farmer who is owed compensation by the Tanzanian government, the farmer’s lawyer said.

The plane had been scheduled to fly from the Oliver Tambo International Airport in Johannesburg, South Africa, to Dar es Salaam, Tanzania on Friday, but was seized on an order issued by the Gauteng High Court in Johannesburg, Tanzania’s transport ministry said in a statement on Friday.

Roger Wakefield, of Werksmans Attorneys, said his client, an elderly farmer who asked not to be named, was owed $33 million, including interest, in compensation from the Tanzanian government after his land in the country was expropriated several decades ago. The farmer was subsequently awarded the compensation in an arbitration, he said.

Wakefield said the only way Tanzania could secure the release of the plane was if it put up security or paid the debt.

A Tanzanian government spokesperson was not immediately available for comment.

Calls to the High Courts in Gauteng province went unanswered outside of usual business hours.

Speaking by phone to Reuters, Wakefield said the plane was impounded in line with South African and international laws allowing for an asset owned by a foreign entity to be attached to a case related to a foreign arbitration award.

The plane was chosen because there is evidence it is owned directly by the Tanzanian government and its value is commensurate with the amount owed to the farmer, who was born in Namibia, he said.

While the Tanzanian government has acknowledged it owes the farmer money, has previously made some payments and promised to pay the rest, it has not made a payment since around 2014, Wakefield said.

The plane is leased by loss-making state carrier Air Tanzania Company Limited (ATCL).

President John Magufuli has personally taken charge of the revival of the airline, spending hundreds of millions of dollars purchasing eight new planes since 2016.

The airline’s existing fleet, which is leased from the state-run Tanzania Government Flight Agency (TGFA), includes one Boeing 787-8 Dreamliner, two Airbus A220-300 jets and three DHC Dash 8-400 aircraft, formerly known as the Bombardier Q400 turboprop.

ACTL managing director Ladislaus Matindi told Reuters earlier on Saturday that the impounded plane was an Airbus 220-300, and arrangements had been made for its passengers to use another plane for their planned flight.

Tanzania has pinned hopes on the revival of the national airline to turn the country into a regional transport hub and boost the tourism sector, its biggest foreign exchange earner.

In 2017, a Canadian construction firm seized one of Tanzania’s new Q400 turbo-prop planes in Canada over a $38 million lawsuit related to a compensation ruling by the International Court of Arbitration.

The Q400 was released in March 2018 after Magufuli sent the country’s prime minister and attorney general to Canada to negotiate its release. Aviation sources said the government reached a financial settlement to secure the aircraft.

(Reporting by Fumbuka Ng’wanakilala in Dar es Salaam and Emma Rumney in Johannesburg Writing by Hereward Holland and Emma Rumney Editing by Angus MacSwan and Frances Kerry)

MDHI Features MD 530F at APSCON 2019

July 15, 2019 / WIL BALDWIN

MD Helicopters, Inc. (MDHI) announces its participation in the 2019 Airborne Public Safety Aviation Convention (APSCON), July 17-19, 2019 at the CHI Health Center, Omaha, NE. The MDHI display will feature a company-owned MD 530F configured with the type-certified Block 1 all-glass cockpit, newly designed side mounts, and critical vision mission equipment from Trakka Systems. The MD 530F on display is one of two MDHI research and development assets dedicated to ensuring technological and performance improvements for the iconic 369FF airframe.

“Continuous improvements, innovation, and service to airborne law enforcement and public safety operations have been at the core of MD Helicopters’ business for more than 50 years,” said Lynn Tilton, Chief Executive Officer for MD Helicopters, Inc. “Through investment in product design and internal research, development and testing, we are able to deliver next generation capabilities that improve performance, reduce pilot workload, and ensure that reliability, affordability and optimal operational readiness remain hallmarks of the MDHI brand for the next 50 years and beyond.”

Current MDHI customers and interested operators who visit the MDHI booth at the 2019 Airborne Public Safety Aviation Convention (APSCON), will be able to learn more about the following offerings:

Certified Glass Cockpits

MDHI has type-certified for production, and as a type-design option, advanced, all-glass cockpits for the MD 530F and the MD 600N. Certification efforts are ongoing for the company’s other single-engine models. The Block 1 glass cockpit for the MD 530F single-engine helicopter features:

Howell Instruments Electronic Engine Instruments and Crew Alert System (EICAS)
Garmin G500[H] TXi Electronic Flight Instruments (EFIS) with Touchscreen GDU 700P PFD/MFD
Garmin GTN 650 Touchscreen NAV/COM/GPS
Optional L-3 ESI 500 Electronic Standby Instrument

Advanced Mission Equipment Installation

In order to accommodate installation of the widest range of mission critical vision technologies, MD Helicopters designed and is currently certifying innovative new side mounts that will allow effortless integration of critical EO/IR and searchlight equipment. The mounts are purpose-built to support law enforcement-preferred left-hand command configurations for vision solutions.

On display at the MDHI booth, #1001, are EO/IR and Searchlight solutions from TRAKKA Systems.

TrakkaBeam® TLX
TC-300 high performance multi-sensor surveillance system

Aftermarket & Customer Support Programs

The MD Helicopters Aftermarket and Customer Support teams continue to focus on innovation and responsiveness. Both the easy-to-use MyMD.aero customer portal and the Aftermarket Center of Excellence (ACE) have played integral roles in ensuring optimal operational readiness for the global fleet of MDHI-brand helicopters.

Demo Flights

MDHI has limited availability for demo flights while in Omaha. Interested organizations with current acquisition plans can request a demo flight either prior to show open (July 14 or 15), or immediately following the close of APSCON 2019 (July 19 or 20). Request should be submitted through your MDHI Business Development Director.

“We have great respect for our law enforcement operators, the job they do and the sacrifices they make each and every day, and it is for them that we remain focused on manufacturing the best helicopters with the most advanced, most affordable, most capable systems available.”

International Defense & Aerospace Group Welcomes MD 530F

July 10, 2019 / WIL BALDWIN

Authorized MDHI Sales Agent International Defense & Aerospace Group welcomes the first of up to 3 new, state-of-the-art MD 530F helicopters to be used for tactical and NVG flight training

MD Helicopters, Inc. (MDHI) is proud to announce the sale and delivery of a new MD 530F to International Defense & Aerospace Group, LLC (IDAG), a Pennsylvania-based authorized sales agent. The company’s first state-of-the-art MD 530F aircraft with a production all-glass cockpit, the custom-configured F-model will join an IDAG fleet of training aircraft operated by the Slovak Training Academy that also includes five (5) MD 500E-model helicopters. Its primary role will be to support the tactical and NVG flight training needs of military and paramilitary helicopter pilots from around the world.

“We are excited about the sale of this MD 530F, and the opportunity to have military and paramilitary pilots from around the world train in the MD 530F,” said Lynn Tilton, MD Helicopters, Inc. Chief Executive Officer. “MD Helicopters and International Defense & Aerospace Group are aligned in our commitment to delivering excellence in product quality, support and training, and in our belief that the MD 500E and MD 530F airframes offer the best performance in their class for training, law enforcement and military operations.”

An authorized MDHI Sales Agent for select Central and Eastern European opportunities since 2017, International Defense & Aerospace Group (IDAG) focuses on the sale and service of specialty rotorcraft solutions to military and paramilitary operators throughout Central and Eastern Europe. Global airborne law enforcement, military, and Special Forces operators worldwide also recognize IDAG for offering a comprehensive curriculum of transition and tactical flight training.

“We believe in the quality, proven performance and durability of MD Helicopters’ aircraft,” said Bob Caldwell, President and CEO of IDAG. “The MD 500-series helicopters are perfectly suited for training missions. They are incredibly robust, economical to operate, and have an unmatched safety record.”

IDAG also supports fleet operations and flight crew training for several regional national police agencies and operators.

Configuration

Powered by the Rolls-Royce 250-C30 650shp turbine engine, IDAG’s right-hand command MD 530F is the first type-certified 369FF aircraft to be produced with the company’s all-glass cockpit, and also features NVIS cockpit lighting, extended landed gear, and a 21-gallon Fargo auxiliary fuel tank.

“The MD 530F is one of our most versatile airframes,” Tilton concludes. “It is a proven performer with military and paramilitary operators worldwide, and delivers the overall performance, reliability and mission flexibility required by our growing global base of operators. We congratulate IDAG on this acquisition decision and look forward to the continued growth of their MD Helicopters fleet.”

VIDEO & IMAGE ASSETS: Click here to view a short video featuring this new, multi-mission, multi-role MD 530F. High-resolution images can be requested via MD Helicopters

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