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AVIATION

Start Aero inks commercial agreement with Alnahdi Aviation Technology in Saudi Arabia
November 22, 2017

Strat Aero has inked a Commercial Agreement with Alnahdi Aviation Technology, a specialist in aviation technology (AAT) in the Kingdom of Saudi Arabia, to collaborate on establishing an Unmanned Aerial Vehicle (UAV) Training Centre in the country, in line with the company's strategy to focus on its key strengths and experience, specifically its Training Division.

The international aerospace"...

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Saudi Arabia eyeing newest Russian aircraft
November 21, 2017

Saudi Arabia is in talks with Moscow on the supplies of Russia’s Sukhoi Superjet 100 and MC-21 aircraft, Director for International Cooperation and Regional Politics at the Rostec state corporation Viktor Kladov said in an interview with TASS.

'We have an active dialogue with Saudi Arabia on a whole number of areas, they are interested not only in the Russian equipment, but also"...

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Much-Anticipated CHTF 2017 Top 10 Products Are Unveiled
November 18, 2017

(AETOS Wire)-- The 19th China Hi-Tech Fair (CHTF 2017), with the theme of “Innovation-Driven Development and Supply Quality Upgrade”, is taking place from November 16 to 21 at Shenzhen Convention and Exhibition Center. On the afternoon of November 10, the CHTF 2017 Top 10 Products were unveiled at the awards ceremony by Mr. Gao Zimin, Vice Mayor of Shenzhen City.

A"...

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Madison Realty Capital Provides $64.0 Million Construction Financing for 200 Kent Avenue Development in Williamsburg, Brooklyn
November 18, 2017

(AETOS Wire)-- Madison Realty Capital (MRC) announced the closing of a $64.0 million construction loan for 200 Kent Avenue, a 117,326 square foot mixed-use development located in Williamsburg, Brooklyn. The retail portion of the property, which will include over 600 feet of frontage, will be anchored by a popular national grocery chain. Overall, the project will offer 50,101 square feet of retail space, 22,055 square feet"...

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Double Win for Vocalink at the 2017 Payments Awards
November 18, 2017

  • Vocalink, a Mastercard company, was last night awarded with the Overall Winner and the Payments Infrastructure of the Year Award at the 5th Annual Payments Awards[i] for its significant contribution to the payments sector globally.
  • The awards recognised recent global successes for Vocalink including this week’s launch in the US of RTP®, the transformative real-time payment system for The Clearing House, as well as the overwhelmingly successful launch of PromptPay in Thailand earlier this year.
  • In...

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Envion AG: Start-up from the Heart of Berlin Has Pioneered Decentralized Mobile Mining by Combining Blockchain with Regenerative Energy
November 18, 2017

(AETOS Wire)-- Envion AG has created a technology for the first truly mobile data-center that uses low-priced local energy to mine a broad spectrum of cryptocurrencies (Bitcoin, Ethereum, etc.). By harvesting locally available clean energy right at the source, envion can operate at lower costs than competitors and at the same time reduces the CO2 footprint of the blockchain industry. Envion aims at decentralizing the highly-concentrated"...

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MEPC and GE Aviation Cooperate to Fully Support Depot Level Maintenance in Saudi Arabia
November 14, 2017

The Middle East Propulsion Company (MEPC) and GE Aviation have signed a Teaming Agreement to establish T700-701A, T700-701C, and T700-701D engine Maintenance, Repair, and Overhaul (MRO) services in the Kingdom of Saudi Arabia (KSA).

Under this Agreement, MEPC, with the assistance of GE Aviation will develop a T700 depot level maintenance facility in KSA. MEPC will utilize its new in-house"...

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Saudia Cargo plane veers off runway before takeoff at Maastricht airport
November 13, 2017

Saudia Cargo reported that one of its planes, flight SV916 from Maastricht (Holland) to Jeddah, suffered a technical problem in one of its engines that resulted in the plane veering off the runway during takeoff last night.
The airline reported that the incident did not result in any injuries or damage to cargo or equipment, stating that it is in full cooperation with the relevant authorities investigating the reason for the technical engine fault of the Boeing"...

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Saudi-led coalition to allow commercial flights to Yemen
November 12, 2017

The Saudi-led military coalition fighting against Yemen’s Houthi movement will allow the resumption of international commercial flights to the country, a Yemeni government minister said, easing its nationwide blockade.

The alliance said on Monday it had closed all air, land and sea ports in Yemen to stem the alleged flow of arms to the Houthis from Iran after Saudi"...

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Boeing Sees Strong Potential in Saudi Arabia for New ‘797’ Jet
November 12, 2017

Boeing Co. sees Saudi Arabia as a promising market for a potential new family of aircraft targeting mid-range flights.

Busy domestic routes would be a good fit for a midsize plane, Ahmed Jazzar, Boeing’s president for the Middle Eastern country, said in interview ahead of the Dubai Air Show. The company has discussed its embryonic"...

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