Asia-Pacific Aerospace Briefs Today
December 2nd 2022
Today's briefs report news from Airbus, Embraer, SATS and ST Engineering. Read More »
Airbus said the president of the Tribunal Judiciaire of Paris has approved the Convention Judiciaire d'Intérêt Public (CJIP) it signed on November 17 with the French Parquet National Financier (PNF). As part of the CJIP, Airbus will pay a 15.9 million euro (US$16.6 million) fine. “This CJIP covers past matters relating to the use of intermediaries in sales campaigns before 2012, in particular related to Libya and Kazakhstan,” Airbus said. “These could not be dealt with simultaneously with the 2020 CJIP for procedural reasons.”
Embraer has received an order for five E195-E2s from an undisclosed airline. The air framer said four of the ordered aircraft will be delivered in 2023 with the final E195-E2 to arrive with the customer in early 2024.
Food and beverage provider, SATS Ltd, has informed Singapore's SGX exchange its S$1.8 billion (US$1.3 billion) acquisition of Worldwide Flight Services will be funded via a S$700 million three-year loan denominated in euros, a S$800 million renounceable rights issue to be conducted in the first quarter of 2023 and S$320 million from SATS Ltd cash reserves. The transaction, announced in September, requires approval from its shareholders and regulators.
ST Engineering has established the ST Engineering Distinguished Professor awards to “recognise researchers with outstanding contributions to the strategic goal of achieving impactful research translation”. The inaugural recipients are Professor Jose Ignacio Latorre from the National University of Singapore, Professor Wang Dan Wei from Nanyang Technological University, Professor Tony Quek from Singapore University of Technology and Design and Dr Andrew Ngo from the Institute of Materials Research and Engineering.
