NewsWeek BAE and EADS call off merger


DSV AIR & SEA, global supplier of trans- port and logistics services, has signed a contract with UTC Aerospace Systems, by the terms of which its specialist aerospace team will handle all of UTC’s national and interna- tional transport requirements out of the UK for a 3 year period.


TRANSAERO Airlines has announced an agreement to lease two Tupolev-204-100C freighter aircraft from Ilyushin Finance Co. The first aircraft is scheduled to be delivered this year, with the second being delivered in 2013.


LAN AIRLINES is set to boost its Santiago, Chile - Montevideo, Uruguay service to three times daily, beginning on 1 December.


AMERICAN AIRLINES flew 136.5 million cargo ton-miles in September, down by 8.3 percent on the same month of 2011. The Jan- uary - September figure of 1.3 billion cargo ton-miles represented a fall of 1.2 percent year-on-year.


ETHIOPIAN AIRLINES has taken delivery of its second B787 Dreamliner’. The carrier received the aircraft on the 5 October.


China’s growth forecast ratcheted downward...


THE ASIAN Development Bank (ADB) has cut its forecast for China’s GDP growth this year from 8.5 percent to 7.7 percent, citing bleak global demand and an uncertain out- look for the country’s largest trading partners. “The global slump in


demand, especially from Europe, will remain a serious drag on growth in the near term,” said chief economist Changyong Rhee. “The government has the means to cushion


the economy from global turmoil, however. Its strong fiscal position, receding inflation and expansionary policy measures should ensure a soft economic landing, but it needs to expedite its effort to diversify the source of growth and strengthen structural reforms for inclusive growth,” he added. Subdued exports, weaker investment, softer


consumption and a slump in industrial output in the first half of 2012 reduced China’s GDP


DEFENCE ANDaerospace giant EADS and the UK’s manufactur- ing giant BAE Systems have officially called off their proposed merger. Despite only very recently going on record to explain the potential benefits of such a coming together (ACW, 8 October), last week saw the two companies announce that they had decided to terminate their discussions. In a statement, BAE and EADS


said that they continue to believe a merger would be based on “sound industrial logic” and would deliver benefits,” but noted “the interests of the parties’ government stake- holders cannot be adequately reconciled with each other or with the objectives established by BAE Systems and EADS for the merger”. BAE Systems CEO Ian King said that the merger represented “a unique opportunity” that


had been missed while Tom Enders, EADS CEO, said that it was a pity the merger had not proved possible but added that “EADS will con- tinue on its international growth path and our shareholders can continue to expect profitable growth”. The performance of Toulouse-based subsidiary Airbus will have a big role to play in that.


growth from 9.6 percent to 7.8 percent com- pared to the same period last year. The government has responded with a series


of measures to stimulate economic activity, including extra state spending, tax cuts and incentives, and more infrastructure projects. Rhee said the continuation of subdued glob-


al demand and international trade means policymakers must continue to boost domestic sources of growth, including scaling up the country’s service sector.


...but MidAmerica inks deal on new Asian connection


MIDAMERICA St Louis Airport and Ningbo Lishe Interna- tional airport in China have announced an agreement to set up a cool-chain route for perishables flying between Asia and the Americas. According to Tim Cantwell, MidAmerica’s airport director, an


A300 freighter will begin operating three times a week some time during the fourth quarter of this year carrying fruit and vegeta- bles northbound from Central and South America to the United States. Then, next month, MidAmerica and Ningo will announce


the start of its twice-weekly B747 freighter link between MidAmerica and Ningbo. This freighter service is expected to carry perishables to Asia,


including fresh fish from the Mississippi. The return flight to the US will almost certainly carry significant volumes of electronic components from Ningbo and its catchment area of 250 million people situated around the Yangtze River Delta.


Cantwell – looking forward to new freighter links out of MidAmerica


15 October 2012


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