In a move to ensure the viability of Malaysia Airlines, the country’s sovereign wealth fund, Khazanah Nasional Berhad, has stepped in with $430 million rescue plan to delist the national carrier and take it private.
Association of Asia Pacific Airlines
The governments of Australia, Malaysia and China jointly announced that Australia has awarded a contract to a private company to continue the search of the southern Indian Ocean sea floor for missing Malaysia Airlines flight MH370. The company plans to use two ships towing deep-water vehicles to conduct the search, which is expected to take up to 12 months.
Boeing’s 2014 commercial pilot and mechanic demand forecast, released today, reflects a 7-percent increase in pilot demand over last year’s projections and a 5-percent increase in the outlook for mechanics. In all, the world’s aviation system will require 533,000 new commercial airlines pilots and 584,000 new commercial airline mechanics over the next 20 years, according to Boeing.
The apparent lack of a cohesive international system for assessing threats in airspace over conflict zones has revealed itself again in differing conclusions reached by major Persian Gulf airlines about the dangers of flying over Iraq.
The European Cockpit Association (ECA) has called for “intense scrutiny” of the air transport industry’s assessment of risks and the principles of flying over conflict zones in the wake of the July 17 loss of Malaysia Airlines Flight MH17.
The lead insurer for Malaysia Airlines war risk hull coverage, London-based Atrium Underwriting Group, has agreed to settle its share of the latest hull loss suffered by Malaysia Airlines. Western military intelligence suggests that separatists in eastern Ukraine shot down Flight MH17 as it flew at 33,000 feet over a region near Donetsk, killing all 298 on board.
In response to the apparent shooting down of Malaysia Airlines Flight MH17, the International Air Transport Association (IATA) denied even the possibility that any airline risks the safety of its passengers, crew and aircraft for the sake of saving fuel by taking the most direct flight routings. “Airlines depend on governments and ATC authorities to advise which airspace is available for flight and they plan within those limits,” said IATA director general and CEO Tony Tyler on July 18.
A team of ICAO investigators is expected to be dispatched this week to assist in the search for what brought down Malaysia Airlines Flight MH17 in eastern Ukraine on July 17. The Ukraine government officially requested the Montreal aviation organization’s help on July 18. Under ICAO’s Annex 13, the country where the accident happens is primarily responsible for conducting the investigation, unless, as in this case, that country requests additional assistance.
Malaysian Airlines has confirmed that one of its Boeing 777s has crashed in eastern Ukraine, about 31 miles from the border with Russia. Flight MH17 was en route from Amsterdam to Kuala Lumpur with 280 passengers and 15 crew on board. According to Ukrainian air traffic controllers, they lost contact with the aircraft at around 14.15 UTC almost 20 miles from the waypoint at Tamak.
Aircraft support specialist AJW Aviation (Outdoor Exhibit 10) has been chosen by Air Serbia to provide a five-year, hourly cost maintenance service to supply spares for its Airbus narrow-body fleet. The contract covers seven Airbus A319s and two A320s.
AJW Aviation is building a network of support hubs in Eastern Europe to provide greater support and minimize AOG situations, although a 24/7 AOG service is also provided.
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