http://australian-aviation-news.blogspot.com
1. Australia, Japan sign open skies aviation agreement
Australia and Japan have signed an open skies aviation agreement that will allow Australian carriers fly into smaller Japanese airports, just as flag carrier Qantas looks to set up a low-cost airline partnership in Japan.
The deal allows unlimited flights between the two countries, including to Tokyo's Haneda airport, and lifts capacity restrictions at Tokyo's larger Narita Airport from 2013, Australia's Transport Minister Anthony Albanese said on Friday.
"It also makes it possible for Australian airlines to fly beyond Japan to third countries for the first time, including key markets such as China and Europe," Albanese said.
Qantas, Japan Airlines and Mitsubishi have announced plans to launch a new domestic airline -- Jetstar Japan -- as part of the Australia's carrier's wide-ranging overhaul to improve profitability.
More than one million people fly between Australia and Japan each year and passenger numbers are forecast to grow by 25 percent by 2020, Albanese said.
Japan signed an open skies accord with the United States in October last year as part of a government push to liberalize aviation markets, with Haneda unveiling a new international terminal to help meet demand.
Australia's Jetstar, a low-cost Qantas subsidiary, was the first no-frills carrier to begin services in Japan, flying into Kansai International Airport in 2008.
2. Bahrain plans major port upgrade
Hassan Ali Al Majed, director general of Bahrain's General Organisation of Seaports, has announced plans for a major upgrade of the kingdom's Khalifa Bin Salman Port. The upgrade will include a new parking area for 40,000 vehicles, a number of warehouses, two office buildings and other facilities like petrol stations and banks. Work is expected to start in the next two months and will take two years to complete, he said. Bahrain's old Mina Salman Port would soon be converted into a dock exclusively handling construction materials.
3. UGI Corporation : UGI Elects Frank S. Hermance to Its Board of Directors
UGI Corporation (NYSE: UGI) reported that Frank S. Hermance has been elected a director of UGI, a distributor and marketer of energy products and services. Hermance currently is chairman and chief executive officer of Ametek Inc. (NYSE: AME), a global manufacturer of electronic instruments and electromechanical devices headquartered in Berwyn, PA.
Lon R. Greenberg, chairman and chief executive officer of UGI said, "We are excited to welcome Frank Hermance to our Board. We'll benefit from his extensive experience as CEO of a dynamic, global and technology-intensive corporation. We look forward to receiving his input and perspectives."
Mr. Hermance, 62, has held his current post since 2001 and had previously served Ametek as president and chief operating officer. He is a member of the Board of Trustees of the Rochester Institute of Technology, chairman of the Greater Philadelphia Alliance for Capital and Technologies and a director of IDEX Corporation. He holds both a Master of Science in Electrical Engineering and a Bachelor of Science in Electrical Engineering from the Rochester Institute of Technology.
UGI is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI owns 44% of AmeriGas Partners, L.P. (NYSE:APU), the nation's largest retail propane distributor.
1. Australia, Japan sign open skies aviation agreement
Australia and Japan have signed an open skies aviation agreement that will allow Australian carriers fly into smaller Japanese airports, just as flag carrier Qantas looks to set up a low-cost airline partnership in Japan.
The deal allows unlimited flights between the two countries, including to Tokyo's Haneda airport, and lifts capacity restrictions at Tokyo's larger Narita Airport from 2013, Australia's Transport Minister Anthony Albanese said on Friday.
"It also makes it possible for Australian airlines to fly beyond Japan to third countries for the first time, including key markets such as China and Europe," Albanese said.
Qantas, Japan Airlines and Mitsubishi have announced plans to launch a new domestic airline -- Jetstar Japan -- as part of the Australia's carrier's wide-ranging overhaul to improve profitability.
More than one million people fly between Australia and Japan each year and passenger numbers are forecast to grow by 25 percent by 2020, Albanese said.
Japan signed an open skies accord with the United States in October last year as part of a government push to liberalize aviation markets, with Haneda unveiling a new international terminal to help meet demand.
Australia's Jetstar, a low-cost Qantas subsidiary, was the first no-frills carrier to begin services in Japan, flying into Kansai International Airport in 2008.
2. Bahrain plans major port upgrade
Hassan Ali Al Majed, director general of Bahrain's General Organisation of Seaports, has announced plans for a major upgrade of the kingdom's Khalifa Bin Salman Port. The upgrade will include a new parking area for 40,000 vehicles, a number of warehouses, two office buildings and other facilities like petrol stations and banks. Work is expected to start in the next two months and will take two years to complete, he said. Bahrain's old Mina Salman Port would soon be converted into a dock exclusively handling construction materials.
3. UGI Corporation : UGI Elects Frank S. Hermance to Its Board of Directors
UGI Corporation (NYSE: UGI) reported that Frank S. Hermance has been elected a director of UGI, a distributor and marketer of energy products and services. Hermance currently is chairman and chief executive officer of Ametek Inc. (NYSE: AME), a global manufacturer of electronic instruments and electromechanical devices headquartered in Berwyn, PA.
Lon R. Greenberg, chairman and chief executive officer of UGI said, "We are excited to welcome Frank Hermance to our Board. We'll benefit from his extensive experience as CEO of a dynamic, global and technology-intensive corporation. We look forward to receiving his input and perspectives."
Mr. Hermance, 62, has held his current post since 2001 and had previously served Ametek as president and chief operating officer. He is a member of the Board of Trustees of the Rochester Institute of Technology, chairman of the Greater Philadelphia Alliance for Capital and Technologies and a director of IDEX Corporation. He holds both a Master of Science in Electrical Engineering and a Bachelor of Science in Electrical Engineering from the Rochester Institute of Technology.
UGI is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes propane both domestically and internationally, manages midstream energy and electric generation assets in Pennsylvania, and engages in energy marketing in the Mid-Atlantic region. UGI owns 44% of AmeriGas Partners, L.P. (NYSE:APU), the nation's largest retail propane distributor.
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