Monday is the deadline for comments on a Securities and Exchange Commission rulemaking proposal to require more detailed reporting of top executive compensation, including such perks as personal use of corporate aircraft. The Wall Street Journal called the proposals the “most sweeping overhaul of pay disclosure rules in 14 years.” One of the proposals would lower the threshold at which perks must be disclosed.
Charles Vehlow, newly appointed president of MD Helicopters, hopes to become the strong link in a broken supply chain that has plagued the Mesa, Ariz.-based manufacturer.
IBM predicts a sea change in the aerospace industry over the next five to 10 years, one that will transform the prevailing business model from one dominated by what IBM aerospace and defense industry sector partner Michael Hackerson called vertical silos to a more egalitarian and cooperative approach.
As airlines seek to shed costs associated with expensive component repair and overhaul (R&O) activity, lucrative opportunities are emerging for companies with the wherewithal to provide such capability. U.S. engines and avionics giant Honeywell considers itself one such entity.
Union leaders expected by the end of last month to tally the votes for or against proposed new labor contracts at Mesaba Airlines, which finally managed to reach tentative agreements with its pilots, flight attendants and mechanics after more than a year of wrangling.
The DOT Inspector General office has given an unqualified, or “clean,” opinion of the financial statements of the NTSB following an outside private audit for FY 2006.
Dallas, Texas-based aftermarket parts and services supplier Aviall (Stand A911) has launched Operation Global Reach, a program designed to showcase the company’s best commercial practices on material and supply chain management to the world’s military market. Services include forecasting, export licensing, reverse logistics, customer kitting and other supply chain management solutions such as certification document accessibility.
The completion two months ago of Dubai International Capital’s £700 million ($1.3 billion) takeover of Doncasters has brought stability and fresh opportunity to the UK engineering group. Chief executive Eric Lewis has confirmed that the firm will now target acquisition opportunities in North America and Asia.
Last month Bombardier inaugurated its 238,000-sq-ft distribution center near Chicago O’Hare International Airport. The “superwarehouse,” located less than five miles from the airport, is managed in partnership with Caterpillar Logistics Services.
Outsiders have been brought in to lead a recovery at MD Helicopters. The appointments follow the recent acquisition of the Mesa, Ariz., company by New York financial firm Patriarch Partners. Robert Rene, previously CEO of Hilton Hotels division InnMedia, was named MD Helicopters’ CEO. Randy Kesterson, formerly executive v-p and COO of Curtiss-Wright Controls, was appointed COO.