First V2500-Powered Aircraft For China

IAE International Aero Engines announced the delivery of Shenzhen Airlines’ first V2500-powered aircraft. The delivery, held at the Airbus Final Assembly Line, Toulouse, represented the first of 28 A320 family aircraft ordered by Shenzhen in an $812 million deal announced last year at the Farnborough International Airshow. Additionally, all 28 aircraft are backed by a long-term IAE Aftermarket Services agreement.

This was the first V2500 order from Shenzhen who join IAE’s expanding customer base in China. Within the region, around 370 V2500-powered aircraft are either in service or on order.

IAE is a multinational aero engine consortium whose shareholders comprise of Pratt & Whitney (NYSE: UTX), Rolls-Royce (RR.L.), Japanese Aero Engines Corporation and MTU Aero Engines.

International Shipping CEO, CMA Commodore

Capt. Wei Jiafu, president and CEO of China Ocean Shipping (Group) Company (COSCO) has been named as the Connecticut Maritime Association (CMA) Commodore for 2009.

The award will be presented to Capt. Wei on March 25, at the annual CMA conference and trade exposition in Stamford.

The CMA mission is to provide a platform for the "development and growth of the international maritime and trade industries." The annual conference, held each March in Stamford, is the premier shipping gathering in North America.

Former CMA Commodores include Ole Skaarup, Jacob Stolt-Nielsen, George Livanos, Phil Loree, Thomas Moran, Gregory Hadjieleftheriadis, Helmut Sohmen, Gerhard Kurz, William O’Neil, Richard du Moulin, Per Heidenreich, Mark Saverys, Frank Tsao, Stelios Haji-Ioannou, Peter Georgiopoulos, C. Sean Day, Torben Jensen, Morten Arntzen and John Fredriksen.

COSCO was founded in 1961 as the pioneer of international shipping in China; together with the re-construction of national transportation resources on February 16, 1993, China Ocean Shipping (Group) Company (COSCO) has grown into a $17 billion corporation. COSCO Group now owns and operates more than 800 modern merchant ships.