Ailing Scandinavian carrier SAS will reduce its workforce by 6,000 employees, sell off its Widerøe regional subsidiary and centralize administrative functions in Sweden in return for an increased credit line from major shareholders and banks of 3.5 billion Swedish kronor ($525 million) through March 2015. The new revolving credit facility has yet to be approved by the parliaments of Sweden and Norway.
AIN Air Transport Perspective » December 3, 2012
Canadian air navigation service provider (ANSP) Nav Canada and Iridium Communications signed a joint venture agreement that will eventually give Nav Canada a controlling interest in the Aireon global, satellite-based aircraft surveillance system.
President Barack Obama closed the legislative loop on U.S. refusal to comply with the European Union’s emissions trading scheme (ETS) on November 27, when he signed S.1956, legislation that orders the Secretary of Transportation to prohibit U.S. aircraft operators from participating in the carbon tax plan. The legislation also calls for the government “to conduct international negotiations to pursue a worldwide approach to address aircraft emissions.”
The Asia Pacific Airlines Association (AAPA) has called for a shake-up of aviation security management in the region, arguing that the current approach–accounting for 25 percent of total airport costs–is inadequate.
Like many companies with high hopes for air transport growth in China, Honeywell Aerospace is counting on the country’s new leadership to step up a long-anticipated set of reforms, including moves to get the Chinese military to open vast chunks of airspace.