Wednesday, 27 June 2012

AI pilots' union says 6 serious as hunger strike continues


The condition of six Air India pilots who are on a hunger strike for the past three days deteriorated as they continued the protest despite medical advice.
In Delhi, four pilots were reported critical due to drop in their blood-sugar level and high ketone level, indicating partial kidney failure, the union said, adding one pilot was hospitalised. In Mumbai, one pilot (among nine on hunger strike), was taken to G T Hospital due to drop in blood pressure.
Air India had deputed one of its doctors to examine the pilots who are on hunger strike in Delhi. But her visit to the venue led to a controversy, with the union charging the airline management of ignoring sacked pilots and examining only those still in service


Airbus plans innovation unit in India


PARIS: The race to sell airliners is putting aerospace companies of the world in cut-throat competition to recruit engineers, with Airbus even planning an innovation unit in India.

There is a worldwide shortage of people with the qualifications needed by the companies gearing up to meet demand for an estimated 20,000 aircraft in the next 20 years.

The European airliner manufacturer Airbus for example is using Twitter accounts to talk to potential recruits and is to hold an international recruitment day on June 30th, interviewing 100 candidates from 15 countries selected from more than 6,500 applicants.

Tom Enders, who has just switched from the top management of Airbus to manage the parent group EADS, said that "the pool of talents in Europe at least has clearly become too small".

Airbus says that of 12,000 jobs available in the sector in Europe last year, only 9,000 were filled.

Airbus which considers itself to be not a European but a world business, plans to recruit engineers from India as well.

Of 4,000 people whom it will recruit this year, 90 per cent will be hired in Europe and the rest in India, in the United States, China and Russia, Baril said.

Enders said that Airbus would open an innovation unit in India to be managed by an Indian.

At US aircraft maker Boeing, the vice president for human resources Rick Stephens told AFP that the United States produced 72,000 to 74,000 engineering graduates a year but "we don't see enough students completing engineering degrees to be able to fill what we believe will be the needs" of the aerospace industry.
His counterpart at Airbus and EADS Thierry Baril said: "We must fight like hell on the international market to get the best talents."

When Boeing closes a factory as it did this year at Wichita in Kansas, putting engineers on the market, "everybody pounds after them, Airbus and Bombardier," Baril said. "It's a little war for talent."

The biggest companies say that even so, they manage to recruit owing to the strength of their brand names, but worry about problems encountered by their sub-contractors.

These companies can become weak links in the production chain when Boeing and Airbus increase their output.

The president of small and medium businesses in the organisation grouping French aerospace firms (Gifas), Thierry Voiriot said that "engineers are more attracted by the big names and think that in these companies there will be more opportunities for development."

This problem is exacerbated if big groups use head-hunting firms to try to attract engineers away from the smaller companies, he said, adding however that such behaviour was the exception.

In general, the big manufacturers had a policy of trying to ensure that the entire industry would be supplied adequately with engineers in the next few years.

Stephens said that Boeing, which does an increasing share of its business abroad, needs to attract talented people outside the United States.

Airbus plans innovation unit in India


The race to sell airliners is putting aerospace companies of the world through cut-throat competition to recruit engineers, with Airbus planning ahead to even start an innovation unit in India.
There is a worldwide shortage of people with the qualifications needed by the companies gearing up to meet demand for an estimated 20,000 aircraft in the next 20 years.
The European airliner manufacturer Airbus for example is using Twitter accounts to talk to potential recruits and is to hold an international recruitment day on June 30th, interviewing 100 candidates from 15 countries selected from more than 6,500 applicants.
Tom Enders, who has just switched from the top management of Airbus to manage the parent group EADS, said that "the pool of talents in Europe at least has clearly become too small".
Airbus says that of 12,000 jobs available in the sector in Europe last year, only 9,000 were filled.
Airbus which considers itself to be not a European but a world business, plans to recruit engineers from India as well.
Of 4,000 people whom it will recruit this year, 90 per cent will be hired in Europe and the rest in India, in the United States, China and Russia, Baril said.
Enders said that Airbus would open an innovation unit in India to be managed by an Indian.
At US aircraft maker Boeing, the vice president for human resources Rick Stephens told AFP that the United States produced 72,000 to 74,000 engineering graduates a year but "we don't see enough students completing engineering degrees to be able to fill what we believe will be the needs" of the aerospace industry.
His counterpart at Airbus and EADS Thierry Baril said: "We must fight like hell on the international market to get the best talents."
When Boeing closes a factory as it did this year at Wichita in Kansas, putting engineers on the market, "everybody pounds after them, Airbus and Bombardier," Baril said. "It's a little war for talent."
The biggest companies say that even so, they manage to recruit owing to the strength of their brand names, but worry about problems encountered by their sub-contractors.
These companies can become weak links in the production chain when Boeing and Airbus increase their output.
The president of small and medium businesses in the organisation grouping French aerospace firms (Gifas), Thierry Voiriot said that "engineers are more attracted by the big names and think that in these companies there will be more opportunities for development."
This problem is exacerbated if big groups use head-hunting firms to try to attract engineers away from the smaller companies, he said, adding however that such behaviour was the exception.
In general, the big manufacturers had a policy of trying to ensure that the entire industry would be supplied adequately with engineers in the next few years.
Stephens said that Boeing, which does an increasing share of its business abroad, needs to attract talented people outside the United States.

Kingfisher Airlines coach catches fire at airport


A fire broke out in a coach belonging to Kingfisher Airlines at Chennai airport on Tuesday.
None injured
No one was injured, as the vehicle was in the equipment parking area. Airport sources said, around 8.15 a.m., just as the driver was starting the coach, he saw smoke emanating from the rear of the vehicle. The driver got out just in time before a fire broke out, and destroyed the rear portion of the vehicle. Airline employees used extinguishers even as tenders from the airport rushed there and put out the fire.

Air Works India completes EAG stake deal


Air Works India completes EAG stake deal

Dubai, June 27:
The stake buyout transaction by Air Works India Engineering Pvt Ltd in Empire Aviation Group (EAG) has been successfully completed, EAG’s financial advisor for the deal, Alpen Capital (ME) Ltd has said.
Air Works India, which provides aviation services, was reported to have bought stake in Dubai-based EAG for Rs 120 crore.
The strategic investment was done through Air Works’ UK-based subsidiary Air Works UK Engineering Ltd and was financed by a structured debt from a consortium of lenders led by KKR Capital Markets India Pvt Ltd, Alpen Capital said in a statement yesterday.
“Alpen Capital is delighted to announce the successful closure of this complex M&A transaction, where Alpen Capital acted as the sole financial advisor representing the sellers,” the Alpen Capital’s MD, Mr Sanjay Vig said.
“The GCC-India corridor has a lot of potential and with our presence and expertise in both these markets, we feel we are well equipped to advise clients on such cross border deals,” Mr Vig said.
Formed in Dubai in 2007, EAG is a one-stop shop for integrated private aviation services offering aircraft sales, aircraft management, aircraft charter, and aircraft finance and insurance, the statement said.
Today, EAG has more than 100 staff and operates one of West Asia’s largest managed fleets of non-royal business jets, with 20 aircraft under management, operating out of Dubai International Airport.
Established in 1951, Air Works is India’s only European Aviation Safety Agency-certified provider of maintenance, repair and overhaul services. They maintain 50 aircraft types, for over 100 customers across 15 maintenance locations in India.
This acquisition will help Air Works increase its footprint in the West Asia and provide world-class aircraft management services to its customers in India.
Commenting on this acquisition, the Air Works MD Mr Vivek Gour said, “In continuation of our long-term strategy to add significant capabilities to our service portfolio, Air Works is delighted to announce this strategic investment in Empire Aviation Group, which has a great business model, a very experienced management team and a strong reputation within the regional and international industry.”
Commenting on the partnership, EAG Co-Founder and Executive Director, Paras Dhamecha said, “Since the company’s formation in 2007, EAG has successfully built a strong regional aviation business.”
“We have also recently been looking at the exciting potential of the Indian aviation market and opened our first branch office there in 2011. So, we warmly welcome this partnership with Air Works, which will help facilitate our entry into India,” Mr Dhamecha said.