Airlines

Star Navigation Announces Corporate Update

Thursday, January 21, 2021 - 6:14pm

Brampton, Ontario--(Newsfile Corp. - January 21, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce the following Corporate update as of January 21, 2021.

Key Points: 
  • Brampton, Ontario--(Newsfile Corp. - January 21, 2021) - Star Navigation Systems Group Ltd. (CSE: SNA) (CSE: SNA.CN) ("Star" or the "Company") is pleased to announce the following Corporate update as of January 21, 2021.
  • Corporate Business Development - To strengthen the core management structure and to achieve the objectives, Star has hired the services of Nasir Azam, an Aviation Industry veteran as Chief Administrative Officer to explore and expand the STAR ADS system products and services worldwide.
  • UAE/Middle East & North Africa - Star is aggressively marketing Star products with various airlines in UAE, Egypt, and Saudi Arabia.
  • Star does not assume any obligation to update these forward-looking statements, except as required by law.

AIDEA Board Approves First Step Toward Ucore's Alaska SMC Development; Corresponds with Significant Rise in REO Prices over 2020

Thursday, January 21, 2021 - 5:57pm

Ucore's currently wholly owned subsidiary, Alaska SMC, LLC ("ASMC"), will manage the construction and operation of the Alaska SMC, in addition to serving as the prospective investment entity for AIDEA[i].

Key Points: 
  • Ucore's currently wholly owned subsidiary, Alaska SMC, LLC ("ASMC"), will manage the construction and operation of the Alaska SMC, in addition to serving as the prospective investment entity for AIDEA[i].
  • The next steps are to formalize the due-diligence process with an AIDEA-retained independent consultant and to proceed with the AIDEA review process through Q2 2021.
  • Ucore has a 100% ownership stake in the Bokan-Dotson Ridge Rare Earth Element Project in Southeast Alaska.
  • Ucore has also assumed that sufficient external funding will be found to develop the specific engineering plans for the Alaska SMC and its construction.

Harris Williams Advises Continental Batteries on its Sale to H.I.G. Capital

Thursday, January 21, 2021 - 5:25pm

Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Continental Batteries (Continental), a portfolio company of Incline Equity Partners (Incline), on its sale to H.I.G.

Key Points: 
  • Harris Williams , a global investment bank specializing in M&A advisory services, announces it advised Continental Batteries (Continental), a portfolio company of Incline Equity Partners (Incline), on its sale to H.I.G.
  • It has been a privilege to work with Eric Royse, CEO of Continental, the entire Continental team and Incline.
  • Eric Royse, CEO of Continental, added, Harris Williams has been a great partner for Continental throughout this transaction.
  • Harris Williams is a trade name under which Harris Williams LLC, Harris Williams & Co. Ltd and Harris Williams & Co. Corporate Finance Advisors GmbH conduct business.

Aeromexico Formalizes Agreements with Laboratories for Discounts on COVID-19 Testing

Thursday, January 21, 2021 - 4:20pm

Both labs will offer discounts and other exclusive benefits for travelers with a valid reservation with Aeromexico or partner Delta Air Lines.

Key Points: 
  • Both labs will offer discounts and other exclusive benefits for travelers with a valid reservation with Aeromexico or partner Delta Air Lines.
  • The tests with access to special discounts are: Detection of SARS-CoV-2 (COVID-19 by PCR) and Rapid test for Antigen Detection.
  • Laboratorio Mdico del Chopo has labs in 23 states in Mexico and has about 60 branches that offer a COVID-19 testing.
  • Aeromexico is a founding member of the SkyTeam airline alliance, which celebrated its 20th anniversary, and serves in 170 countries by the 19 SkyTeam airline partners.

Africa Aviation MRO Market Report 2020-2025: Growth, Trends, and Forecasts - Key Players are Raytheon Technologies, Safran, Lufthansa Technik, Leonardo, and Airbus - ResearchAndMarkets.com

Thursday, January 21, 2021 - 4:25pm

The "Africa Aviation MRO Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Africa Aviation MRO Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
  • The Africa aviation MRO market is anticipated to register a CAGR of 5.44% during the forecast period.
  • Raytheon Technologies Corporation, Safran SA, Lufthansa Technik, Leonardo S.p.A., and Airbus SE are some of the prominent players in the market.
  • With the increasingly competitive environment in the MRO sectors, the local players are enhancing the efficiency of their MRO processes.

H.I.G. Capital Completes Acquisition of Continental Batteries

Thursday, January 21, 2021 - 4:18pm

"), a leading global alternative investment firm with $43 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Continental Battery Holding Corp. (Continental Batteries, Continental, or the Company).

Key Points: 
  • "), a leading global alternative investment firm with $43 billion of equity capital under management, is pleased to announce that one of its affiliates has completed the acquisition of Continental Battery Holding Corp. (Continental Batteries, Continental, or the Company).
  • Headquartered in Dallas, TX, Continental is a leading distributor of aftermarket batteries to the electric utility vehicle (EUV), automotive, commercial, marine and industrial markets.
  • Today, Continental provides service to over 30,000 dealers across a network of over 100 distribution locations in North America offering a complete range of aftermarket batteries and accessories.
  • Eric Royse, Chief Executive Officer of Continental Batteries commented, We are excited to enter into this new chapter with H.I.G.

Global Amazon Agency Podean Launches LATAM And Appoints Former Mediacom CEO

Thursday, January 21, 2021 - 1:00pm

A seasoned media agency leader, Silva brings a wealth of regional experience to Podean, having led several major media agencies across LATAM, including tenures as LATAM CEO of Mediacom and OMD Intl., and as Chairman of North Latin America at Publicis.

Key Points: 
  • A seasoned media agency leader, Silva brings a wealth of regional experience to Podean, having led several major media agencies across LATAM, including tenures as LATAM CEO of Mediacom and OMD Intl., and as Chairman of North Latin America at Publicis.
  • Travis Johnson, Podean Global CEO, comments, "The LATAM region is a big opportunity for us, our clients and brands seeking to expand in a rapidly advancing ecommerce market.
  • The launch of Podean in Latin American now solidifies the agency's position as a truly global full-service Amazon and marketplace agency.
  • Podean is the only full-service Amazon focused agency that can deliver a truly global solution for brands.

Alaska Air Group board of directors appoints Daniel Elwell as newest member

Thursday, January 21, 2021 - 1:00pm

SEATTLE, Jan. 21, 2021 /PRNewswire/ --Alaska Air Group announced today the appointment ofDaniel Elwell to the company's board of directors, effective immediately.

Key Points: 
  • SEATTLE, Jan. 21, 2021 /PRNewswire/ --Alaska Air Group announced today the appointment ofDaniel Elwell to the company's board of directors, effective immediately.
  • "We are thrilled to have someone with Dan's expertise and background in the airline and aviation industry join our board," said Brad Tilden, Alaska Air Group Chair and CEO.
  • The total board is comprised of 14 members, with the other two positions filled by Tilden and Alaska Airlines PresidentBen Minicucci.
  • Alaska Airlines and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).

Wetouch Technology Inc. (WETH) Receives Orders of Its Touchscreen Products from Air China Limited for Aviation Applications

Wednesday, January 20, 2021 - 2:00pm

Since June 20, 2020 when Wetouch passed the factory examination by Air China, the Company has experienced an uptick in purchase orders and deliveries for aviation related touchscreens products from its customers.

Key Points: 
  • Since June 20, 2020 when Wetouch passed the factory examination by Air China, the Company has experienced an uptick in purchase orders and deliveries for aviation related touchscreens products from its customers.
  • We are very pleased with our inroad to aviation market and honored to be selected as a supplier to Air China for their in-flight entertainment systems and self-service kiosks at airports.
  • We look forward to working closely with Air China and expanding our footprint in aviation market to service other major airliners.
  • Wetouch sells its products both domestically in China and internationally, covering major areas in China, including but not limited to the eastern, southern, northern and southwest regions of China.

SeABank Achieves 2020 Pre-Tax Profit of USD74.95 Million, Completes 115% Business Plan

Wednesday, January 20, 2021 - 11:03am

HANOI, Vietnam, Jan. 20, 2021 /PRNewswire/ -- Southeast Asia Commercial Joint Stock Bank ( SeABank - Vietnam) announces business results in 2020 with the highest growth rate of the Bank: consolidated profit before tax of nearly USD74.95 million, up 24% compared to 2019, completing 115% of the 2020 plan.

Key Points: 
  • HANOI, Vietnam, Jan. 20, 2021 /PRNewswire/ -- Southeast Asia Commercial Joint Stock Bank ( SeABank - Vietnam) announces business results in 2020 with the highest growth rate of the Bank: consolidated profit before tax of nearly USD74.95 million, up 24% compared to 2019, completing 115% of the 2020 plan.
  • The cost to income ratio (CIR) is 47.5%; ROA and ROE are 0.81% and 11.06% respectively; NPL ratio is only 1.86%.
  • SeABank has also been the 5th bank in Vietnam to complete all 3 pillars of Basel II before deadline and maintained B1 credit rating by Moody's in 2020.
  • With digital convergence strategy, in 2020 SeABank launched SeAMobile - Smart finance App- offering a unified experience on all electronic devices.