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Future Combat Air Program Tempest Poised to Drive Productivity Across United Kingdom

The Tempest program is expected to generate long-term high value employment, with productivity per worker 78% higher than the national average, underlining how this exciting programme can make a significant contribution to the UK Government’s levelling up priorities and the wider economy.

The program is being delivered by Team Tempest – combining the expertise of the UK Ministry of Defence (MOD), BAE Systems, Leonardo UK, MBDA UK and Rolls-Royce. Working with international partners, the team is leading progress towards a UK-led internationally collaborative Future Combat Air System which will ensure the Royal Air Force and its allies retain world-leading, independent military capability.

Key to the success of Tempest is delivering this highly-advanced capability more rapidly and more cost effectively than ever before.

Investment by industry and MOD in research and development for Tempest will generate positive spill-over benefits for the wider economy through applications of new technologies in other sectors and driving innovation in collaboration with hundreds of companies, SMEs and academic organisations.

Click the link below to read the full story!

https://www.baesystems.com/en/article/the-economic-impact-of-the-tempest-programme

Air New Zealand Flight NZ993 Carries Samoan Workers to New Zealand

Yesterday’s flight was the last of five Air New Zealand (NZSE: AIR.NZ) services that have transported more than 700 workers from Apia to Auckland over the past six weeks under the Recognised Seasonal Employer (RSE) programme.

The airline has transported workers on three charter and two commercial services between Samoa and New Zealand to support a sustainable seasonal labour force for orchards and vineyards in Hawke’s Bay, Canterbury and the upper South Island. Once the workers have completed two weeks of managed isolation, they will disperse around New Zealand to support the country’s horticulture and viticulture industries for the next seven months.

Air New Zealand’s Country Manager Samoa Karen Gatt says the airline’s team based at Faleolo Airport in Apia was excited to see so many travellers and their families arriving at the terminal again when the RSE programme kicked off in January.

New Zealand High Commissioner to Samoa, HE Dr Trevor Matheson, has worked closely with the RSE industry and Air New Zealand to enable the workers to travel to New Zealand.

https://www.escape.com.au/destinations/the-essential-guide-to-hawkes-bay-and-napier-new-zealand/news-story/384b46eb67398e716cb6aa6e768ff9d0

Frontier Airlines Forms Pilot Pathway with ATP Flight School

DENVER – Jan. 25, 2021 – Frontier Airlines and ATP Flight School have formed a “Frontier Direct Program” targeting ATP graduates and CFIs for employment as Frontier Airlines First Officers.

In the Frontier Direct Program, ATP graduates and instructors progress from ATP straight to the flight deck at Frontier after enhanced ATP CTP training that includes additional Airbus A320 full-motion flight simulator experience. The new partnership offers pilots an accelerated path to a rewarding career with Frontier while providing Frontier access to a high-quality pool of qualified pilot applicants, dedicated future employees, and advocates of the Frontier brand.

After completing flight training in ATP’s Airline Career Pilot Program, graduates gain flight experience with ATP as paid flight instructors. Between 1250-1500 hours total flight time, recommended instructors interview with Frontier Airlines. After the candidate selection and interview process with Frontier, applicants receive a Conditional Offer of Employment and continue working towards 1,500 hours of flight experience with ATP. Once ready to transition to Frontier, pilots attend the enhanced ATP CTP course. This tailored course with ATP utilizes full-motion Airbus A320 simulator training to prepare pilots for success at Frontier.

“We appreciate Frontier Airlines collaborating with ATP,” said Justin Dennis, President of ATP. “This program is a tremendous career opportunity for ATP graduates, while helping Frontier access a pool of highly qualified, professional pilots who appreciate the opportunity to fly for Frontier.”

Added Brad Lambert, Vice President of Flight Operations for Frontier Airlines, “Frontier is proud to partner with premier flight schools such as ATP to ensure the quality of our future pilot supply. We have been impressed with the caliber of candidates we have seen. Coordinating with ATP to enhance their jet transition program helps to evaluate and improve on the skill set required to be a safe and successful airline pilot.”

Four ATP graduates have already completed the program in a proof of concept started in 2020. All four pilots have been flying the line with Frontier after successfully completing new-hire training and IOE.

First Officer Walter Copeland III was one of the first participants in the Frontier Direct Program, transitioning from ATP to Frontier in Feb 2020. Walter began flying as a first officer in Jun 2020 – just 29 months after starting training with ATP.

Union Pacific Names Craig Richardson Executive Vice President, Chief Legal Officer, and Corporate Secretary

Union Pacific today named Craig Richardson executive vice president, chief legal officer and corporate secretary. Richardson is responsible for overseeing all aspects of the company’s legal affairs, including commercial transactions and litigation, regulatory matters, labor and employment. Richardson also supervises the railroad’s compliance and ethics program, and risk management initiatives, including Union Pacific’s police department. He succeeds Rhonda Ferguson, who served as executive vice president, chief legal officer and corporate secretary.

Richardson most recently served as vice president of commercial and regulatory law. He’s also held the position of associate general counsel.

“Craig has provided critical leadership, guiding us through sensitive and complex legal matters with insight, sound judgment and clarity,” said Chairman, President and CEO Lance Fritz. “He is a superior partner and counselor and has the expertise we need during this time of unprecedented change within our nation and company.”

Richardson’s experience spans commercial and regulatory litigation, including oil and gas, environmental, and antitrust law, as well as all aspects of multi-jurisdictional permitting of global energy infrastructure. For nearly a decade, he served as the Chief Legal Officer of El Paso Corporation’s Pipeline Group, the largest network of interstate natural gas pipelines in North America, delivering over 30% of the natural gas consumed in the United States. He was responsible for all legal matters nationwide, waging successful litigation in executing El Paso’s $8 billion portfolio of crucial additions to national energy infrastructure from California to New York.

thyssenkrupp Sells Elevator Technology Business for €17.2 Billion

  • Consortium of bidders led by Advent, Cinven and RAG foundation
  • Sales proceeds pave the way for further transformation of thyssenkrupp
  • Cash inflow remains within the company
  • Buyers give far-reaching site and employment guarantees for tk Elevator
  • Closing and purchase price payment expected by the end of the current fiscal year 
  • Martina Merz: “With the sale of Elevator, thyssenkrupp can pick up speed again. We will reduce the company’s debt as far as is necessary and at the same time invest as much as is reasonable in its further development.”

thyssenkrupp sells its Elevator Technology business entirely to a consortium led by Advent, Cinven and RAG foundation. The respective Executive Board decision was approved on Thursday evening by the Supervisory Board of thyssenkrupp AG. The purchase agreement has been signed. Closing of the transaction is expected by the end of the current fiscal year. The purchase price is €17.2 billion. thyssenkrupp will reinvest part of the purchase price[1] (€1.25 billion) in a stake in the elevator business. The transaction is subject to merger control approvals, although thyssenkrupp does not expect the competent authorities to have any reservations. The proceeds from the transaction will remain within the company and are to be used to the extent necessary to strengthen the balance sheet. Alongside this, the proceeds shall be used to advance the development of the remaining businesses and the portfolio. As announced at the Annual General Meeting at the end of January, thyssenkrupp is proceeding the analysis phase so that a decision on the concrete use of funds can be taken in May.

Martina Merz, CEO of thyssenkrupp AG: “With the sale, we are paving the way for thyssenkrupp to become successful. Not only have we obtained a very good selling price, we will also be able to complete the transaction quickly. It is now crucial for us to find the best possible balance for the use of the funds. We will reduce thyssenkrupp’s debt as far as is necessary and at the same time invest as much as is reasonable in developing the company. With this, thyssenkrupp can pick up speed again.”

The sale of Elevator is a favorable solution not only for the company, its shareholders, customers and employees, but also for the elevator business itself. In the consortium, thyssenkrupp has found new owners for the elevator business who have extensive industrial expertise and offer the workforce a high degree of security. The buyers have a strong track record in profitably growing and nurturing companies to become global champions.

In negotiations with employee representatives and the IG Metall trade union, the buyers have committed to far-reaching site and employment guarantees. In addition, it was agreed that the buyers will continue to manage thyssenkrupp Elevator as a global group. The company will also remain based in Germany and employee co-determination will continue. That means the solution is in line with thyssenkrupp’s understanding of corporate and social responsibility.

“We are not pleased to part with our employees and the elevator business. Nevertheless, today is a good day for everyone involved. With this step, we are opening up real prospects for the future: for the elevator business as an independent company and, with the financial solidity we have gained, also for all other areas of thyssenkrupp,” Martina Merz added.

New Technology Creates Hyper Elevators That Can Go Sideways

Ford’s UAW Members Vote to Ratify New Four-Year Contract

FILE PHOTO: Frankfurt hosts the international Motor Show (IAA)

DETROIT (Reuters) – The United Auto Workers union said on Friday that rank-and-file members at Ford Motor Co <F> have voted in favor of a new four-year labor contract with the No. 2 U.S. automaker.

The UAW will now focus on Fiat Chrysler Automobiles (FCA) <FCAU>, the sole remaining Detroit automaker without a new labor contract. Talks with FCA are expected to begin on Monday, a UAW spokesman said.

The union said 56.3% of Ford’s hourly workers voted to approve the deal, which allowed the company to avoid a strike like the one that cost its larger rival General Motors Co <GM> about $3 billion (£2.3 billion).

UAW leaders said earlier this month that Ford under the deal agreed to invest more than $6 billion in its U.S. plants, and to create or retain more than 8,500 UAW jobs.

The deal also includes pay raises and lump-sum payments over the life of the contract, a pathway to full-time employment for temporary employees and unchanged healthcare coverage.

Workers at GM approved a deal in late October that ended a contentious 40-day U.S. strike, the longest automotive labor stoppage since 1970.

Detailed terms of the Ford deal – released just a week after GM workers approved their new contract – echoed those agreed to with GM, as the union typically uses the first deal as a template for those that follow.

UAW leaders managed contract negotiations with Ford and GM, including the lengthy strike, while struggling with an ongoing federal corruption probe.

To date, 10 people have pleaded guilty in connection with the criminal investigation into illegal payoffs. Just last week former UAW vice president and former GM board member Joseph Ashton was charged with conspiracy to commit money laundering and wire fraud.

Earlier this month the UAW said that its president, Gary Jones, who had been linked to the ongoing corruption probe, was taking a leave of absence.

Rory Gamble, the union’s acting head, said last week he will examine every department of the union in response to the spreading federal corruption probe to prevent future misuse of members’ dues.

(Reporting by Nick Carey and Ben Klayman in DetroitEditing by Matthew Lewis and Cynthia Osterman)