Saturday, 23 February 2013

Govt OKs Pay Structure Rationalisation of Air

 India Staff



Pay scales of Air India's pilots, engineers and cabin crew will now be fixed as per the industry norms with the government approving rationalisation of their pay structure, which is likely to save over 320 crore annually for the ailing carrier.


At its meeting, the Cabinet Committee on Economic Affair cleared the proposal for restructuring the pay scales of Air India's pilots, cabin crew and engineers.


This might bring down basic pay scales of these licence-category employees by about 10-20%. However, their allowances would now go up, official sources said here.


While fixing the salary and allowances of the employees as per the Department of Public Enterprises (DPE) guidelines, the Justice D M Dharmadhikari Committee, which went into all HR issues including pay and seniority, had recommended that the pay structure of these licenced staffers should be decided in accordance with the industry standards.



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Saturday, 9 February 2013


Cargolux Plans Capital Increase, New aircraft, And Wage cuts





Cargolux (CV, Luxembourg Findel International (LUX)) has announced details of a new business plan aimed at turning around the loss making cargo carrier's financial position. 

 Its existing shareholders, with the exception of the government of Luxembourg which currently holds a 35% stake, are expected to provide $275 million USD in new capital through the issuance of convertible bonds in two installments, $100 million USD this and $175 million USD next year. 

 The investment will be used to increase Cargolux' fleet from 15 to 18 aircraft, preferably through the acquisition of additional B747-8(F)s. 
As part of the business plan, Cargolux also hopes to cut yearly payroll costs by $10 million USD for the next five years and has started talks with its staff regarding a new labor agreement. 

 Luxair(LG, Luxembourg Findel International (LUX)) is Cargolux' largest investor and currently holds 43.4% in Cargolux with the other two shareholders besides the government being Luxembourg based banks BCEE and SNCI.


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FAA Clears Boeing For 787 Test Flights



The Federal Aviation Administration has given Boeing permission to conduct test flights of its 787 airliner to gather data about the performance of its lithium-ion battery and electrical system in flight. The announcement was made late on Thursday, several hours after the U.S. National Transportation Safety Boardchallenged various assumptions underlying the special conditions used by FAA to certify the batteries, which have been implicated in a spate of safety incidents.

Boeing said that it welcomed the latest NTSB findings, including the conclusion that the fire onboard a Japan Air Lines 787 at Boston Logan Airport originated within the battery. The U.S. airframer said that NTSB’s work has narrowed the focus of the investigation to short circuiting in the battery.
Responding to comments by NTSB chairman Deborah Hersmann questioning the terms under which FAA certified the batteries, Boeing commented: “The 787 was certified following a rigorous Boeing test program and an extensive certification program conducted by the FAA. We provided testing and analysis in support of the requirements of the FAA special conditions associated with the use of lithium ion batteries. We are working collaboratively to address questions about our testing and compliance with certification standards. We are working collaboratively to address questions about our testing and compliance with certification standards, and we will not hesitate to make changes that lead to improved testing processes and products.”
The test flights will be conducted under an FAA Special Airworthiness Certificate under the following requirements:
Before flight, the crew must perform a number of inspections that verify that the batteries and cables show no signs of damage.
Pre-flight checklist will include a mandatory check for specific status messages that could indicate possible battery problems.
While airborne, the crew must continuously monitor the flight computer for battery related status messages and landing immediately if one occurs.
Before the initial test flight, the crew must inspect the airplane’s smoke barriers and insulation to verify that they meet the approved design.
Experimental research and development flights are flown with Boeing aircrews that include only personnel essential to the flight.




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