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Thursday, December 17th, 2020

Heathrow to get third runway as Supreme Court overrules Court of Appeal

The controversial third runway at London’s Heathrow Airport has been given the go-ahead by the U.K.’s highest court, the Supreme Court. It has overturned a previous ruling by the Court of Appeal which had struck down an earlier approval for the runway on the grounds that the U.K. government had ignored climate change commitments when the runway was approved back in 2018.

The Supreme Court has ruled that the previous Conservative government had "no obligation" to consider the Paris climate agreement when it gave the green light to the extra runway. Climate activist group Greenpeace U.K. has maintained a high profile from when ideas for a third runway were first considered and believes that despite this latest ruling, Heathrow still has to address climate concerns. It is still urging the government to scrap the project.

"Now the ball is in the government's court, it’s hard to imagine Boris Johnson wanting to resurrect a project that makes no business or environmental sense," said Greenpeace executive director John Sauven.

Heathrow airport welcomed Wednesday's ruling, which it felt would now allow Britain to compete with continental rivals following Brexit. "Only by expanding the U.K.'s hub airport can we connect all of Britain to all of the growing markets of the world, helping to create hundreds of thousands of jobs in every nation and region of our country," it said in a statement. The airport added that it had "already committed" to net zero carbon emissions and that the latest ruling "recognizes the robust planning process that will require... expansion is compliant with the U.K.'s climate change obligations, including the Paris Climate Agreement."

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Air Transat shareholders approve takeover offer from Air Canada

At a special meeting of Transat shareholders held on December 15, an overwhelming majority of shareholders voted in favor of the special resolution approving the plan of arrangement under Section 192 of the Canada Business Corporations Act appended to the arrangement agreement entered into between Air Canada and Transat on October 9, 2020 and pursuant to which Air Canada will acquire all of the issued and outstanding Class A variable voting shares and Class B voting shares of Transat for CA$5.00 per share, payable at the holder's option either in cash or shares of Air Canada or a combination thereof (the Arrangement). Air Canada shares issuable under the share payment election will be issued on the basis of a price of CA$17.47 per Air Canada share, translating into an exchange ratio of 0.2862 Air Canada shares per Transat share.

Shareholders carrying an aggregate of 22,763,632 votes, representing approximately 60.31% of votes entitled to be cast at the meeting, were represented in person or by proxy at the meeting. The Arrangement Resolution was approved by 91.05% of the votes cast by shareholders, voting together as a single class, as well as 90.88% of the votes cast by shareholders, voting together as a single class, excluding the votes of Jean-Marc Eustache whose votes are required to be excluded in determining minority approval pursuant to Regulation 61-101 respecting Protection of Minority Security Holders in Special Transactions.

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Volga-Dnepr Group deploys first Boeing 777F across its worldwide network

Volga-Dnepr Group (Volga-Dnepr Airlines, AirBridgeCargo Airlines, ATRAN Airlines), the aviation logistics expert, is phasing in its first Boeing 777F. The freighter, which has been recently certified in Russia, will be part of AirBridgeCargo’s (ABC) fleet.

The Boeing 777F, which is to be deployed on the Trans-Siberian route, enables ABC to offer more optimized delivery options for its customers. It is the largest twin-engine freighter with up to 106 tons of payload which complements ABC’s already extensive fleet of Boeing 747Fs and gives more flexibility in terms of special and general cargo transportation.

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WIKING Helikopter Service takes delivery of new AW139 helicopter

WIKING Helikopter Service GmbH has taken delivery of a new AW139 7-ton intermediate twin engine helicopter from Leonardo’s Vergiate facility, further expanding an existing fleet of three aircraft. The helicopter will be used to carry out offshore transport missions supporting energy industry operations in Northern Europe.

WIKING has been an offshore transport specialist in the North and Baltic Sea areas for over 45 years. It has three bases in Germany and two in the U.K. The Company also performs sea pilot transfer, a windmill engineer hoisting service, and emergency medical service operations with its fleet of seven helicopters of various types. 

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Boeing awarded U.S. Navy contract for New Zealand P-8 training

The U.S. Navy has awarded Boeing a Foreign Military Sales (FMS) contract, valued at US$109 million, to provide P-8A Poseidon training for the Royal New Zealand Air Force (RNZAF). A suite of training systems and course-ware will prepare RNZAF aircrew and maintainers to safely and effectively operate and maintain the maritime patrol and reconnaissance aircraft for decades to come.

Boeing’s holistic P-8 training system will enable the RNZAF to conduct up to 70% of all Poseidon-related training in a simulated environment. Boeing’s Electronic Classroom will give RNZAF instructors and students access to course-ware and testing capabilities. Boeing also will provide initial Instructor Cadre Training to a group of RNZAF instructors, enabling them to continue training additional RNZAF P-8A instructors and aircrews following delivery of the training system in early 2024.

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Air Canada names new EVP and Chief Financial Officer

Air Canada has named Amos Kazzaz as Executive Vice President and Chief Financial Officer, effective February 15, 2021. Kazzaz is currently the airline's Senior Vice President, Finance, and is based at Air Canada's Montreal headquarters.

As Chief Financial Officer, he will have oversight for Air Canada's overall financial strategic direction, comprising all aspects of financial reporting and planning, investor relations, treasury and controller's operations, taxation, pension administration, internal audit, fleet, procurement and corporate real estate.

Kazzaz joined Air Canada in 2010 as Vice President, Financial Planning and Analysis, and became Senior Vice President, Finance in 2015. He previously held extensive senior executive roles within the airline and transportation sector, including a 24-year career at United Airlines with several executive positions in finance, planning and cost management.

"I am very pleased to name Amos as our next Chief Financial Officer following Mike Rousseau's advancement to CEO. Amos has been a key member of our highly skilled executive team for over a decade. His financial acumen, proven track record and deep knowledge of Air Canada's business position him well for the CFO role and to help guide Air Canada as the industry recovers," said Calin Rovinescu, President and Chief Executive Officer.

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GA Telesis receives HMRC authorization for customs services at Bournemouth, U.K., distribution center

GA Telesis U.K. (GAT) further expands its capabilities with the announcement of being awarded authorization from Her Majesty's Revenue & Customs (HMRC) to operate as a customs warehouse at their Bournemouth facility. GAT is targeting January 2021 to begin customs warehouse operations.

GAT estimates they will process approximately 10,000 transactions into and out of the facility each year, resulting in more control over the customs process along with significant annual cost savings that can then be passed on to its customers. This unmatched approach will provide the company's customers with the most comprehensive 24/7/365 support and unparalleled AOG operations.
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Email: tamar.jorssen@avitrader.com
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Tamar