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, 1Muilenburg to become Boeing CEO July

succeeding McNerney Jim Boeing president and COO Dennis Muilenburg will succeed

, the company said Tuesday.1as Boeings CEO July McNerney , will remain Boeings CEO for the past decadeMcNerney, who has been

chairman of the companys board of directors and will continue working as a company employee until retiring at the end of February 2016, Boeing said in a statement. Muilenburg has been elected a member of the board. McNerney, 65, said Muilenburg, 51, will bring a rich combination of management skills, customer focus, business and engineering acumen, a

, who recently celebrated his Ray Connerdo spirit and the will to win. -can60th birthday, will continue as president and CEO of Boeing Commercial

Airplanes. Muilenburg has been a Boeing employee for 30 years. In a statement, he

said becoming Boeing CEO was a tremendous honor and responsibility, and well positioned in our financially strongadding, Our company is

markets. Among other projects, McNerney led Boeing during the development and

-Boeing was in a de. Last year, he asserted 787entry into service of the technological risks developing the after years of taking risked position

and dealing with periodic bouts of labor unrest. My view is the next 78710 years are significantly de-risked compared to the last 10 years, he said in early 2014. Technologies from the 787 are now harvested and matured. Boeing noted that the companys annual revenue was $90.8 billion last year, 73% higher than revenue of $52.5 billion in 2004, the year before

McNerney became CEO. Since becoming president and COO in 2013, Muilenburg shared with McNerney oversight of day-to-day business operations with a focus on the

companys growth and productivity initiatives, key customer relationships and leadership-development programs, Boeing said. From 2009-2013, Muilenburg was president and CEO of Boeing Defense, Space & Security.

http://atwonline.com

Creating a Framework for African -IATA

Connectivity The International Air Transport Association (IATA) called for governments,

safety regulators and industry to take action to drive aviation connectivity and

infrastructure development in Africa for the economic and social development

of the continent. Africa is set to be one of the fastest-growing aviation regions over the next 20 years, with annual expansion averaging nearly 5%. This opens up

incredible economic opportunities for Africa. But aviation faces considerable

challenges, and for its potential to be realized, correct policies must be

developed. Smarter regulation, and a focus on delivering the safety and

connectivity commitments of the African Union, will be crucial to establishing

Africa as a global aviation powerhouse, said Tony Tyler, IATAs Director General and CEO.

Tyler made his remarks at the IATA Africa and Middle East Aviation Day in

Nairobi, Kenya. The event is bringing together key stakeholders under the

theme Connecting Africa focusing on the development of frameworks to promote connectivity in regulations, commerce, and operations.

In his speech, Tyler identified key challenges needing to be addressed:

Safety Safety must always be our first priority. Africa experienced zero jet hull losses in 2014, an excellent result. The all-aircraft accident rate, however,

remains considerably higher than the global average. The Abuja Declaration

commitments by African governments must be followed up with action to

increase compliance with ICAO standards. IATA is moving forward with assistance for airlines that are eligible for the IATA Operational Safety Audit

(IOSA). For airlines ineligible for IOSA, a new IATA Standard Safety

Assessment (ISSA) has been developed.

http://www.atn.aero

(continue) Smarter Regulation African nations have an opportunity to enact smarter regulation to enable better aviation connectivity.

Implementation of the Yamoussoukro Decision will open up air

routes within the continent and provide opportunities for more than 5

million additional passengers a year. Those African governments yet

to ratify the Montreal Convention 99 and Montreal Protocol 14

treaties, on global standard airline liability and the treatment of

unruly passengers respectively, should do so without delay. Infrastructure The provision of appropriate infrastructure, offering the right capacity at the right price, is essential for the growth of

sustainable air services across Africa. The International Civil Aviation Organization (ICAO) has very clear guidelines on

infrastructure fundingand Africa has an opportunity to be a leader in this field by developing its infrastructure in close consultation with

the industry. Environment The industry is committed to meeting its carbon emissions targets. In particular, our goal of carbon-neutral growth

from 2020 is of utmost priority. The negotiations for a global market-

based measure to tackle carbon emissions from aircraft are entering

a crucial phase ahead of the 2016 ICAO Assembly. It is vital that

African governments support a workable solution, in order for a

measure to be in place in time for the industrys 2020 goal of carbon-neutral growth. The opening session of the Aviation Day featured participation from

senior government and industry leaders including John Kipngetich

Mosonik, Kenyas Permanent Secretary for Infrastructure & Transport; Dzifa Attivor, the Minister of Transport for Ghana; Barry

Kashambo, Regional Director Eastern and Southern Africa, ICAO;

Elijah Chingosho, Secretary General of AFRAA; and Gilbert Kibe,

Director General of the Kenya Civil Aviation Authority..

http://www.atn.aero

Lufthansa First Class now offers exclusive

travelling experience on the highway too Lufthansa First Class passengers and Lufthansa Private Jet guests

can now enliven the waiting time before their next take-off with a

special experience by taking a Porsche 911 or Panamera for a spin through Munich, the sub-Alpine landscape or Lower Bavaria.

The Porsche First Class Excitement offer is available for all

Lufthansa, Swiss or Austrian Airlines passengers, Lufthansa HON

Circle members or Lufthansa Private Jet guests who possess a

valid First Class boarding ticket for that day. With Lufthansa First Class, we offer our customers the highest travel quality. This is

suitably complemented by the exclusive offer from Porsche, which

turns the waiting period before take-off into a luxurious experience, says Thomas Klhr, the Lufthansa Passage Executive Board member for Finances & Munich Hub.

And this is how it works: The Lufthansa First Class Personal

Assistant accepts reservations in the First Class Lounge and

arranges the car rental. Passengers can book their sports car online

before the flight, or make a spontaneous on-the-spot decision as

long as the chosen offer is available. Back at the airport, your First Class flight starts as usual. A

limousine takes passengers straight to the apron position beside the

aircraft. Once on board, the passengers enjoy First Class menus by

famous star chefs and a selection of premier wines. A bed two

metres long rounds off a relaxed flying experience.

http://www.atn.aero

Ryanair remains Europe's most popular airline The International Air Transport Association's (IATA) World Airline

Transport Statistics confirmed on Tuesday that Ryanair remained

Europe's favourite airline, carrying more international scheduled

customers than any other company. To celebrate the news, Ryanair released 100,000 seats for sale

across its European network, at prices starting from 19.99 for travel in July & August that will be available for booking until 25

June. According to forecasts, Ryanair will carry more than 100m

customers in 2015. The Irish Budget airline carried over 86.3m international passengers

last year, 30m more than second-placed Easyjet (56.3m) and

almost 40m more than third-placed Lufthansa (48.2m). Emirates

was the fourth most popular airline, followed by British Airways,

Air France and Turkish Airlines. The Association also commented that passenger travel on

international markets rose 3.8% in April compared to a year ago,

slower than the 4.6% result in March. In addition, there was a rise in premium international air travel

volumes in April compared to March, but given developments in demand drivers and the inherent month-to-month volatility in the

data, this does not necessarily mean an upturn in the trend, it said in a statement.

- See more at: http://www.digitallook.com/news/international-

companies/ryanair-remains-europes-most-popular-airline--

773387.html#sthash.2vtf4G2H.dpuf

http://www.digitallook.com

Jet Airways Jumps Second Day Even as Etihad

Denies Stake Report Jet Airways India Ltd. surged a second day even after

Etihad Airways PJSC denied television reports that it may

boost its 24 percent stake in the company. The shares jumped 5 percent on Wednesday to 300.05

rupees as of 10:12 a.m. in Mumbai after climbing as much

as 6.8 percent earlier. Etihad said Tuesday it isnt in talks with the government about raising the stake. Jet Airways

said yesterday the television reports are incorrect. Bloomberg TV India reported Tuesday that Etihad

approached Indias Aviation Ministry for permission to raise the shareholding, and that the administration isnt keen on giving approval. The report cited unidentified government

officials. Mumbai-based Jet Airways sold a 24 percent stake to Etihad

in 2013, becoming the first Indian carrier to receive

investment from a foreign airline after the government eased

rules. Theres now more competition in India after the local ventures of AirAsia Bhd. and Singapore Airlines Ltd. began

flights.

http://www.bloomberg.com

Avianca Brazil set to join Star Alliance Avianca Brazil is expected to become the newest member of

the Star Alliance family this week. Star's 27 member airlines, who are currently gathered in

Warsaw for the twice-yearly Chief Executive Board Meeting,

will vote on Wednesday June 24 to approve the Brazilian

airline's seat at the table, joining its Colombian-based

sibling Avianca. The move will fill a hole created in the South American

market when Brazil's TAM merged with Chilean airline LAN

to create LATAM, and left Star Alliance for Oneworld, which

also counts Qantas among its members. "TAM leaving left a gap, so we need a second carrier to

replace TAM" Star Alliance CEO Mark Schwab has

previously noted. Avianca Brazil is primarily a domestic airline, with flights to

some 20 cities in Brazil plus the Colombian capital

of Bogota. The Avianca group comprises a clutch of South American

airlines and is the continent's second-largest airline after

LATAM. Star Alliance has also been scoping out Brazil's Azul Airlines

to bolster its position against Oneworld.

http://www.ausbt.com.au

John Smiles Ryanair is flying high but is it a good investment? Ryanair released its annual results for year ending 2015 on Tuesday, 26th

May. The results were exceptionally strong and beat both Ryanair

management's earnings guidance and the estimates of investment analysts. Revenues grew by 12% to 5.64bn with net income up 6% to 867m and its net income margin improved to 15%, compared to 10% in 2014. Ryanair's strong operational performance was driven by its newly launched

"Always Getting Better customer focused strategy which has helped improve customer satisfaction levels; its low fares offering; its best "on-time arrivals record in the industry and its renewed focus on primary airports. This has led

to higher levels of repeat customers and improved efficiency. Ryanair carried an additional 10.5 million passengers last year totalling 90.6

million, and aims to fly more than 100 million passengers this year, which

would be a historic milestone. The airline's operational efficiency also improved significantly and its Load

Factor grew 6% to 88% in the year. Management forecasts a further 2%

improvement to 90% in the current year. Ryanair has continued to take market share off its Low Cost Carrier (LCC)

competitors such as EasyJet, Aer Lingus, Air France and Lufthansa as

competitors struggle to compete with Ryanair on average fares (?47 vs.

156). Ryanair can sustain these lower fares because of its much lower cost per passenger (Ryanair 29, EasyJet 52 and Lufthansa 74 average cost per seat). Ryanair expects to capture strong market share gains in German and other

key markets throughout Europe as traditional flag carriers cut capacity. From a shareholder point of view, Ryanair returned 630m through dividends and share repurchases during the year and in addition, the company grew its

net cash position by 200m to 364m. This very strong net cash position coupled with its strong Free Cash Flow generation ability will likely lead to

increased special dividends and share repurchases in the future. Analysts maintain a positive outlook for Ryanair given the airline's strong

growth outlook, high cash generative ability, strong management and

potential for further shareholder returns.

http://www.waterford-today.ie

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