The holiday season seemed to start early last week for Boeing, as it secured no fewer than three major firm orders, including the biggest in its history.
FedEx Express, a FedEx Corp. subsidiary, announced the launch of a 48,000-sq-ft facility in the Jebel Ali Free Zone (JAFZA). The new FedEx facility will give customers in the free zone greater connectivity to FedEx’s global network.
The air freight industry needs to quickly adopt the more sophisticated and holistic approaches to security already introduced in the maritime cargo sector, according to Neil Fisher, vice president of Global Security Solutions with IT group Unisys.
In an effort to better guarantee AOG parts shipments within 24 hours, Pratt & Whitney Canada (Booth No. 2704) last month opened a new parts distribution center in Memphis. The new facility's proximity to FedEx's national hub will allow customers to place orders until midnight EST for delivery the next day, according to Raffaele Virgili, vice president of customer service for P&WC.
Breaking for the Independence Day holiday, Congress extended funding for FAA operations and programs for a 14th time. New reauthorization legislation has been bottled up in a conference committee that is wrangling over a knotty problem that has next to nothing to do with the FAA–a little known provision tucked into the House bill that would make it easier for ground workers at FedEx to organize a union.
Before high-tailing it out of Washington, D.C., last week for what is euphemistically called the Independence Day “district work period,” Congress extended funding for FAA operations and programs for a 14th time.
A multiyear FAA reauthorization bill will be on President Obama’s desk by July 4. That was the prediction last week by Rep. James Oberstar (D-Minn.), chairman of the House Transportation and Infrastructure Committee. According to GovernmentExecutive.com, congressional aides are meeting informally to reach agreement on some lesser differences between House and Senate versions of FAA bills.
After building a parts and rotables inventory worth more than $25 million, Constant Aviation is now making it available to the corporate aviation community. “Under our new Constant Aviation Rotable Exchange (Care) program we have increased our inventory to cover 4,000 line items, including expendable parts and particularly rotable exchanges.
Reports of the demise of the Loadmaster program are unfounded, according to Russ Heil, CEO of Ayres Corp., the Albany, Ga.-based agplane OEM and developer of the Loadmaster. It’s true that in its second quarter 2001 financial statement FedEx stated it had taken a write-off on the Loadmaster and that one FedEx official said the airplane wouldn’t be built.
Ayres Corp. is no more and the prospects for the Loadmaster LM200 are now bleaker than ever. On August 7, GATX Capital, which had been operating Albany, Ga.-based Ayres Corp. using “debtor in possession” financing since Ayres entered Chapter 11 bankruptcy in November last year, foreclosed on the debt-ridden company. As legally required under such a transaction, the name of the company was changed; hence, Ayres Corp.