Month: December 2012

Cargolux Finally Secures Rights To Fly To Gabon 3 Times Weekly, Will Use Libreville As Hub For Further Growth In The Region

Cargolux Finally Secures Rights To Fly To Gabon 3 Times Weekly, Will Use Libreville As Hub For Further Growth In The Region

Airlines
A new agreement between the governments of Luxembourg and Gabon will allow the cargo airline to operate flights up to three times per week between the two nations. The new bilateral treaty which now replaces the previous agreement signed in 1972 could not come soon enough for Luxembourg-based Cargolux. With the new agreement which was negotiated October 3rd of this year but only officially signed on November 26th, Cargolux has now secured full Fifth Freedom transportation rights. Hence the carrier which had operated only two weekly flights from Luxembourg to Libreville, the capital of Gabon since 2007 will be now able to introduce a third weekly frequency. Another advantage of being a Fifth Freedom rights holder is that Cargolux will now be able to transport cargo embarked from Librevill...
Sikorsky To Receive $563 Millions For US Navy MH-60R and MH-60S Programs

Sikorsky To Receive $563 Millions For US Navy MH-60R and MH-60S Programs

Defense, Headline
The Department of Defense announced on December 11, 2012 that it was  awarding $563,788,721 to Sikorsky aircraft Corporation for the US Navy MH-60R and MH-60S multi role helicopters. The statement designated this latest funding tranche as the Navy's Second  Program Year as we know that funding for the systems have been legislated as Multi Year Program covering the Fiscal Year 2012 through 2016. In fact FY 2012 budget had set aside $1 B as part of this multi year 5 year acquisition program MYP for 24 new MH-60R airframes complemented by separate MYP for the airframes cockpits and sensors. In the same fashion FY 2012 had provisioned $518 millions for the acquisition of 18 MH-60S plus their cockpits and sensors packages. A Robust And Flexible Approach The Sikorsky MH-60S/R SEAHAWK incarn