Australia’s biggest cabin crew union has accused Qantas (OTC: QUBSF) of a “breathtaking” lack of transparency over the deal that will see Finnair (OTC: FNNNF) crew operate the Flying Kangaroo’s flights.
The Flight Attendants Association of Australia has said the airline suggested the agreement would save the jobs of Finnair staff but was later informed the employees would be sourced from “labour-hire” firms.
From Reuters News by By Bhargav Acharya and Aakriti Bhalla…
BENGALURU, India, February 14 (Reuters) – Billionaire Elon Musk’s Tesla, Inc. (Nasdaq: TSLA) will set up an electric-car manufacturing unit in the southern Indian state of Karnataka, according to a government document seen by Reuters on Saturday.
“The U.S. firm Tesla will be opening an electric car manufacturing unit in Karnataka,” the state government said in a brief statement.
The statement was part of a broader document outlining the highlights of India’s budget to its people in the local language of Kannada.
Two Embraer E195s have commenced operations in Vietnam with Bamboo Airways, offering the first jet service to Con Dao from Hanoi, Vinh and Hai Phong. Con Dao Island and the surrounding National Park is an area of outstanding natural beauty 1400km (760nm) from the capital Hanoi, off the southern coast of Vietnam. The popular tourist destination, featuring an archipelago of 16 islands, is currently only served by turboprop aircraft due to its short runway, light pavement, and lack of fuel provision.
The Embraer E195s join Bamboo Airways’ fleet on a wet-lease agreement with Denmark based Great Dane Airlines, adding to the growing number of E-Jet operators in the Asia Pacific region.
“Bamboo Airways is proud to offer jet-operated flights to Con Dao with the E195s,” said Mr. Dang Tat Thang – Executive Vice Chairman of Bamboo Airways. “The aircraft’s short runway performance makes it an ideal aircraft for flights to and from Con Dao. The two by two seating will offer our passengers a high level of comfort in a modern, spacious aircraft, including the one-of-its-kind Business Class on the route to Con Dao.”
“Congratulations to Bamboo Airways on this strategic move. The E-Jets will give them great flexibility both in performance as well as in economics,” says Raul Villaron, Vice President, Asia Pacific for Embraer’s commercial aviation unit. “The E195’s fuel efficiency and economics enables Bamboo Airways to cost effectively manage fluctuating demand and operate lower density routes with the right sized aircraft. We welcome Bamboo Airways to the Embraer family and our global team are here to support them.”
Bamboo Airways is the first to operate direct flights to Con Dao from three cities; the capital Hanoi, Hai Phong city in the North and Vinh city in the central area. There will be two flights a day on the Hanoi – Con Dao route and daily flights from Hai Phong and Vinh to Con Dao in the initial phase. Bamboo Airways are operating the aircraft in a comfortable single class configuration with 118 seats.
Embraer is the world’s leading manufacturer of commercial aircraft up to 150 seats with more than 100 customers from all over the world. For the E-Jets program alone, Embraer has logged more than 1,800 orders and 1,600 aircraft have been delivered. Today, E-Jets are flying in the fleet of more than 80 customers in some 50 countries. The versatile 70 to 150-seat family is flying with low-cost airlines as well as with regional and mainline carriers.
MILAN (Reuters) – Luxury carmaker Ferrari <RACE> said on Friday it would extend the shutdown of its two Italian plants and reopen on April 14, provided it had supplies, and update 2020 forecasts in May when it releases its first-quarter earnings.
Ferrari this month closed factories in Maranello and Modena, in the northern Italian region of Emilia-Romagna, for two weeks until March 27 in a response to the coronavirus outbreak and a shortage of parts.
Investment firm Exor <EXXRF>, which controls Ferrari, on Wednesday said that current plant closures at Ferrari as well as at other controlled companies Fiat Chrysler <FCAU> and CNH Industrial <CNHI>, though temporary, might continue.
Ferrari – which cited “the huge uncertainty and lack of predictability that the COVID-19 has created” – said it would continue to cover all days of absence for those employees who could not work remotely.
The company added it would give further financial guidance during a conference call on its first-quarter earnings, scheduled for May 4.
In February, Ferrari said it planned its adjusted core profit to increase to between 1.38-1.43 billion euros this year, compared to a previous guidance of over 1.3 billion euros.
Ferrari said on Friday it remained confident that it would “continue to create value for all stakeholders beyond the near-term uncertainties”.
(Reporting by Giulio Piovaccari; Editing by Nick Macfie)
WASHINGTON, Dec 2 (Reuters) – The U.S. government on Monday said it would review the possibility of raising tariffs on European Union products and applying tariffs to more products, given what it called lack of progress in resolving a dispute over aircraft subsidies.
The U.S. Trade Representative’s office said Monday’s decision by the World Trade Organization (WTO) affirmed the U.S. position that European Union launch aid to planemaker Airbus continued to harm the U.S. aerospace industry.
“In light of today’s report and the lack of progress in efforts to resolve this dispute, the United States is initiating a process to assess increasing the tariff rates and subjecting additional EU products to the tariffs,” USTR said in a statement. It said it would release more information about the process later this week.
(Reporting by Andrea Shalal; Editing by Lisa Shumaker)
EU hasn’t ended illegal subsidies to Airbus, WTO panel says
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.
