News in Brief

Business Buzz ¦ The International Air Transport Association (IATA) announced a revised global financial forecast predicting airline losses totaling US$11 billion in 2009. This is US$2 billion worse than the previously projected US$9 billion loss...

¦ Ascent Aviation Group announced that Aircraft Service International Group, has deployed FleetConnect at Chicago O’Hare International Airport (ORD) and Los Angeles International Airport (LAX). FleetConnect, a fuel management system from Ascent, wirelessly tracks gallons dispensed, customer name, product type, and quantity for each piece of GSE. Customers realize savings by identifying under utilized equipment, separating on-road and off-road fuel for tax purposes, eliminating handwritten fuel tickets and preventing misfuelings, according to Ascent Aviation Group.

¦ ASIG® announced that it has renewed its agreement to provide ramp handling services to Aeromexpress Cargo for an additional three years at Los Angeles International Airport (LAX). ASIG has been providing Aeromexpress with ramp handling services at LAX since 2000.

People in the News

¦ Toyota Material Handling, U.S.A., Inc. (THMU) announced the retirement of its chairman and CEO Shankar Basu, effective immediately. Basu announced his successor, Brett Wood, who has served as president of TMHU since 2008. Wood will remain responsible for all operations at TMHU and serves on its board as well as TIEM’s Board of Directors. He formerly served as the company’s vice president of marketing, product and strategic planning and training operations and previously oversaw dealer development.

¦ Swissport International announced that Michel Glorieux will take over as CEO of Swissport Geneva on January 2010. Glorieux joined Swissport Geneva (from Swissair Paris) back in 1995, and has since gone on to hold various demanding management positions within the Geneva organisation. Currently Head of Passenger Services, he will be carefully prepared by Ernst Hochuli for his new duties in overall charge of Swissport’s Geneva station over the coming months.

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