Aerospace Diary

Neelam Mathews June 18, 2012 India ’s largest third-party MRO provider for business aviation, Air Works India Engineering has become the first MRO in the country to provide aircraft management services (AMS) through its recent acquisition of Dubai based- Empire Aviation Group. Taking   ownership of the complexity of day-to-day flight operations, Air Works will provide a turnkey Aircraft Management program for management of aircraft, with the added option of turning the asset into revenue by chartering the private jets when not in use. The company will negotiate for joint insurance rates, encourage owners to have similar model of aircraft and get pilots on call.   “An owner only wants the pride of owing his aircraft, to be able to fly at short notice and doesn’t want to be involved with the nitty gritties of daily operations,” says Vivek Gour, Managing Director of Air Works to Aerospace Diary. While India has 118 business jets and 80 turbo props, Gour says...

Posted by- Neelam Mathews April 2012 Commission imposes fines totalling €169 million on freight forwarders in relation to four price fixing cartels On 28 March 2012, the European Commission (the “Commission”) fined 14 international groups of freight forwarding companies (“the forwarders”) a total of €169 million for their participation in four distinct cartels. Each cartel sought to fix the price of a specific surcharge related to the provision of international air freight forwarding services between 2002 and 2007 (when dawn raids were carried out by antitrust authorities in the United States and EU). The four cartels, according to the Commission’s findings, were as follows:     The New Export System (NES) cartel - after the introduction of electronic declaration for UK exports in 2003, a group of forwarders agreed to establish a surcharge on this service and to fix its amount depending on the size of the customer.     The Advance Manifest System...