Industry News

El Al Israel Airlines Ltd. will start holding flight ticket auctions on its website and the site of its low-cost brand Up. This capability was developed by the Israeli startup BidFlyer, whose system enables online bidding for vacant flight seats. The potential is huge: according to the International Air Transportation Association, the average plane occupancy rate worldwide is 79.7%, leaving over 20% of tickets unsold."/>
BidFlyer teams with El Al to auction unbooked seats [Globes, Tel Aviv, Israel]
JSW Energy: The making of a powerhouse [Mint, New Delhi]
Mitsubishi Aircraft's first test model of the MRJ90 regional jet is hopscotching its way from Japan to Moses Lake, where it's expected to arrive Wednesday afternoon to begin a lengthy flight certification process. The plane, built in Nagoya south of Tokyo, left Sunday for the northern Japanese city of Hokkaido, and later landed in Russia, said Richard Hanover, director of business development for the Port of Moses Lake. The MRJ90 will make another stop, in Anchorage, before..."/>
Mitsubishi regional jet hopscotching its way to Moses Lake [The Seattle Times]
Taser by an Independence police officer has filed a federal suit against the manufacturer and the department. The suit filed in U.S. District Court in Kansas City says Taser International marketed a "defective, unreasonably dangerous" product and misled their customers about the safety risks involved in its use."/>
Teen who nearly died files suit against Taser and Independence police [The Kansas City Star]
Cervus Equipment Corporation today announced its intention to seek a long term sale and leaseback of approximately $50 to $60 million of real estate currently owned by the Company. "While the majority of our dealerships are already located in leased premises, there is an opportunity to work with a long term landlord specializing in commercial real estate to capitalize on the value of our dynamic real estate portfolio," said Randy Muth, Chief Financial..."/>
Cervus Announces Intention to Sell and Lease Back Real Estate Portfolio
Spirit AeroSystems' Chanute operations, expanding on its June announcement to establish an aerospace manufacturing facility in Chanute, Kan. As part of the agreement, Spirit's Chanute statement of work will transition under the new company name Orizon Aerostructures– Chanute, Inc. Current Spirit employees in Chanute will transfer to Orizon as part of the..."/>
Orizon Aersostructures Announces Intent to Purchase Spirit AeroSystems' Chanute Operations
TASER International and the global leader in digital evidence management solutions with the leading body-worn camera, today announced the purchase of 720 Axon Body 2 cameras and 100 Axon Flex cameras by the Northern Territory Police in Australia. The police service secured a three-year subscription to the Axon cloud solution, Evidence.com, to help store, manage and..."/>
Northern Territory Police Deploys 820 Axon Body Cameras on Evidence.com in Australia
Discovery Air Defence Services Inc., a wholly owned subsidiary of Discovery Air Inc., recently participated in Exercise CUTLASS FURY 16, a multinational anti-submarine warfare exercise led by the Royal Canadian Navy. DA Defence's fleet of Alpha Jets and Westwind special mission aircraft join Canadian and allied ships and aircraft conducting ASW training off the coast of Nova Scotia and Newfoundland. As a highly-experienced combat support..."/>
Discovery Air Defence Participates in Exercise CUTLASS FURY 16 over the Atlantic
Toshiba, Wyndham Hotel Group, CSX, Rheem and Estee Lauder."/>
BRIEF: OpenSesame, Portland online learning company, raises another $9 million [The Oregonian, Portland, Ore.]
United Technologies Corp. signed an agreement for Hanwha Techwin Co. to acquire a 30 percent stake in P&W NGPF Manufacturing Co. Singapore, which Pratt& Whitney opened in February. The agreement allows for Hanwha to..."/>
Pratt & Whitney, South Korean Manufacturer Enter Into Agreement [The Hartford Courant]
Jason Industries, Inc. today announced that its Board of Directors has declared a quarterly cash dividend payment on the Company's 8.0% Series A Convertible Perpetual Preferred Stock.. The dividend on the Series A Preferred Stock will be payable on October 1, 2016, to holders of record at the close of business on August 15, 2016. The quarterly payment will be $20.00 per share."/>
Jason Industries, Inc. Announces Dividend on Preferred Stock
General Dynamics NASSCO delivered the fourth vessel in a series of five ECO Class product tankers under contract with American Petroleum Tankers. The Bay State was delivered during a special signing ceremony at the NASSCO shipyard in San Diego, CA. The Bay State is a 610- foot-long, 50,000 deadweight-ton, LNG-conversion-ready product tanker with a 330,000 barrel cargo capacity."/>
General Dynamics NASSCO Delivers Fourth ECO Class Product Carrier to American Petroleum Tankers
Armstrong World Industries, Inc. and Worthington Industries, Inc., joint venture partners in Worthington Armstrong Venture, today announced Rose Mary Clyburn as WAVE's president& CEO. Clyburn succeeds Charlie Chiappone who was recently named senior vice president at Armstrong World Industries. "Rose Mary is a proven leader having successfully led H.B."/>
Armstrong and Worthington Announce New WAVE President

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