Eirtech four-year contract for Shannon

first_imgLinkedin Twitter SAS have signed a four year contract with Shannon based EirtechA FOUR-year contract secured by Eirtech Aviation, to deliver technical services for end of lease aircraft with SAS, has been broadly welcomed and recognised as a credible boost for the aviation services sector.The new deal will see the Shannon based firm handle maintenance for up to 40 of the airline’s aircraft.The planes will pass through Eirtech’s technical services department to ensure that they are returned to the lessor in the condition agreed under their lease.Sign up for the weekly Limerick Post newsletter Sign Up Eirtech chief executive Niall Cunningham said the Irish company had gone through a rigorous tendering process to win the contract and had seen off stiff competition.“We knew that the competition was stiff but I think that our team’s focus, experience and flexible way of working, together with our passion for what we do was a winning combination.“We have the requisite experience for this size of project and, having worked with SAS previously, have been able to demonstrate our ability to match our team and skill set to every project requirement, ” Mr Cunningham said.Martin Haglund, head of aircraft transfer at SAS, said the Irish company had to satisfy a range of very specific criteria to win the contract.“When looking to award a contract of this magnitude, we need to satisfy a range of very specific criteria”.Mr Haglund explained that while price is crucial, “We were equally looking for a specialist company that could deliver a flexible solution with a wide range of competencies, driven by highly motivated professionals to meet SAS core values.” Previous articleBridge at Thomond Weir set to open up Limerick CityNext article#win Concert Tickets Staff Reporterhttp://www.limerickpost.ie Facebook Emailcenter_img Advertisement WhatsApp Print BusinessNewsEirtech four-year contract for ShannonBy Staff Reporter – May 12, 2016 787 last_img read more

Dunloe to go private with £110m offer

first_imgTo access this article REGISTER NOWWould you like print copies, app and digital replica access too? SUBSCRIBE for as little as £5 per week. Would you like to read more?Register for free to finish this article.Sign up now for the following benefits:Four FREE articles of your choice per monthBreaking news, comment and analysis from industry experts as it happensChoose from our portfolio of email newsletterslast_img

Hong Kong to shut all schools after virus cases spike

first_imgTopics : Hong Kong will close all schools after the territory reported a spike in locally transmitted coronavirus infections, the city’s education minister said Friday.The government has ordered all schools to close from Monday, bringing forward the start of the summer holidays, Kevin Yeung said, after the city recorded an “exponential growth” of locally transmitted cases in the past few days.The finance hub recorded 34 locally transmitted coronavirus cases on Thursday, the highest daily tally in more than three months. At least 12 new infections in the last five days have been classified as unknown in origin, meaning authorities are struggling to work out how the disease is spreading.Authorities announced Thursday a reintroduction of limits on how many people can gather in restaurants, bars and fitness centers.A maximum of eight people can sit together at restaurants while bars, pubs and nightclubs are capped at four people per table.center_img Authorities had taken the move “for the general good of the community as well as the health of the students,” Yeung said.Those scheduled to take exams could still do so, he added, although they would have to wear masks and maintain social distancing.Hong Kong’s public high schools were closed in January amid the early stages of the virus outbreak, and were gradually re-opened from May after the territory successfully curbed new infections.But new clusters have emerged in the past two days, including at an elderly care home that reported at least 32 cases.last_img read more

Centre-right government likely to shape Dutch pensions system

first_imgWith the liberals under prime minister Mark Rutte as the clear winner of the Dutch elections, and current coalition partner PvdA having imploded, the long-debated new pensions system is likely to be shaped by a new centre-right government.Such a coalition could be possible with the Christian democrats, CDA, and the liberal democrats, D66, but will need the support of at least one other party.Candidates for a backing role could be the five-seat religious-right party CU or the green-left party GroenLinks, which jumped from four to 14 seats.The possibility of Geert Wilders’s populist Freedom Party, PVV – which gained 20 seats in the 150-strong lower house – becoming part of a new government is remote, as most parties have ruled out co-operation with the PVV. The PvdA, which collapsed from 38 to 9 seats, is also unlikely to be part of a new coalition or to provide a new pensions minister.Jetta Klijnsma, who oversaw the discussions about a new system as state secretary for Social Affairs, has already said she won’t return to parliament.Coalition negotiations in the fragmented Dutch pensions landscape – with 13 political parties to be represented in the lower house – will be complicated and wil probably take months to complete successfully. It is far from clear what a coalition agreement would say about the final design of a new pensions system.The views of the political parties differ widely and the complexity of the various issues has turned the discussion into a conundrum.One of the key issues is what kind of pensions contract is to replace the current predominantly defined benefit plans, which are deemed unsustainable.The Social and Economic Council (SER) is still elaborating two alternatives. One comprises individual pensions accrual, while the other is a “target contract” for accrual in real terms, with both contracts sharing some risks.The VVD strongly supports the individual contract, but most other parties have different views on the issue.Parties are also divided on replacing the current average pensions accrual with an age-related degressive one, which is expected to benefit younger workers but would cost at least €25bn in compensation for affected participants.An analysis by IPE Dutch sister publication Pensioen Pro suggested that the support of the CDA is crucial for a switch to individual pensions accrual and the abolition of average accrual.Another important issue is whether pension funds should offer participants freedom of choice for personalised arrangements.VVD and D66 present themselves as the champions of additional options, but these are likely to complicate pensions administration.One thing is clear. In the new parliament there won’t be a majority for turning back the increase of the official retirement age for the state pension from 65 to 67, as advocated by the PVV and 50Plus, the party for the elderly.last_img read more