Bombardier is pleased to announce that it has signed an agreement with JETEX for the establishment of a new Line Maintenance Station in Dubai, further complementing the tip-to-tail maintenance services provided by Bombardier’s Service and Support Network in the Middle East and around the globe.
The new Line Maintenance Station will initially offer unscheduled maintenance services and build toward scheduled maintenance operations in the coming months. The technical engineers supporting the line station are certified for all Challenger series and Global series business jets, including Bombardier’s flagship Global 7500 aircraft.
“This expansion is an integral part of our overall mission to enhance OEM support for our operators in the Middle East – and we are very pleased to be working with highly-respected business aviation leader JETEX in the development of this project,” said Jean-Christophe Gallagher, Vice-President and General Manager, Customer Experience, Bombardier Business Aircraft. “As a part of our commitment to offering an exceptional customer experience, we are delighted to offer our customers expanded support, more resources and increased flexibility closer to their base of operations.”
“The shared vision between Bombardier and JETEX to provide a comprehensive and exceptional experience makes this new service expansion an exciting venture for us,” said Adel Mardini, President and CEO of JETEX. “This is a significant boon for our customers who rely on our services to give them the peace of mind that they have trusted partners ready to go the extra mile around the clock and around the globe.”
The introduction of the new Line Maintenance Station in Dubai comes on the heels of the announcement of major Bombardier customer experience enhancements worldwide including: a new customer service super centre at Miami Opa-Locka Executive Airport in Miami, Florida; a major expansion of the Singapore Service Centre at the Seletar Aerospace Park, quadrupling the current service centre footprint; the addition of five new trucks to the Mobile Response Team (MRT) network throughout the U.S.; a new Paris Line Maintenance Station at Paris-Le Bourget Airport bolstering customer service offerings in Europe; and the addition of a dedicated Challenger 300 Mobile Response Team aircraft based in Frankfurt, Germany, to provide additional parts shipping and response to Bombardier aircraft operators in the region.
The new Line Maintenance Station in Dubai will join Bombardier Business Aircraft’s award-winning network of nine service centres and a total of 30 Customer Response Team mobile units around the globe, all equipped to support Bombardier Learjet, Challenger and Global business aircraft. The network’s approximately 1,000 dedicated technicians share best practices to provide industry-leading maintenance and care. Bombardier Business Aircraft customers also have access to a broad network of 38 Authorized Service Facilities around the world.
Note: This important agreement will be celebrated with a photo opportunity at EBACE in Geneva, with details to follow.
PAL Aerospace is proud to announce that it has been ranked 8th by Canadian Defense Review Magazine in its annual Top 75 ranked aerospace and defence companies in Canada. The recognition is a testament to the hard work and commitment of PAL Aerospace's dedicated employees.
Source: PAL Aerospace twitter
CBC promotes the bilateral economic relationship by serving as a hub for the private sector to network, grow relationships, discuss business trends in both countries, and identify opportunities. Our key mechanisms are events, marketing, roundtables and our Community of Interest (COI) programs. CBC events include informative business seminars, the Ambassador's receptions for Canadian business delegations, community galas and socials. More recently, member organizations have turned to CBC for business advice, advocacy, digital marketing across borders, and access to exclusive roundtables with visiting Canadian organizations. For example, we recently hosted a roundtable for a leading Canadian organization to meet with UAE-based experts to discuss healthcare, youth and education. We also significantly expanded our marketing outreach through a combination of improved online presence, social media, newsletters, email lists, and strategic partnerships. For instance, we entered into strategic partnerships with the organizers of leading conferences such as Global Aerospace Summit, Global Space Congress, and Abu Dhabi International Exhibition & Conference (ADIPEC). Such exposure has benefited our corporate members, which include iconic Canadian brands such as Bank of Montreal (BMO), SNC-Lavalin, Bombardier, PAL Aerospace, and Air Canada, and UAE brands with Canadian interests such as UE Medical, Al Amal Business Services, Apparel Group, Abu Dhabi Securities Exchange (ADX) and Concorde Corodex. Our business connections and expertise, coupled with our impeccable reputation in the UAE and Canada, have enabled us to successfully use our mechanisms to promote bilateral trade and investment.
The greatest potential is in technologies and innovations where Canada has long been a world-class leader, given the UAE's continued vision to develop and adopt innovations and digital trends. Potential sectors include aerospace, energy, healthcare, clean technology, space, information technology, and artificial intelligence (AI). For example, the World Economic Forum (WEF) and the UAE have recognized AI as fundamental to the fourth industrial revolution. We witness many sectors eager to explore AI and its benefits. Canada has an AI legacy with world-leading hubs in cities such as Montreal and Toronto, which attracted investment from many reputable Silicon Valley organizations such as Google, Facebook and Microsoft. Other significant areas include healthcare as evident through UE Medical's partnership with Canada's SickKids Hospital, energy as evident through the province of Alberta's decision to expand its trade presence in the UAE and Mubadala's multi-billion dollar investments in the Canadian energy sector, and space as evident through the Memorandum of Understanding signed between the Canadian Space Agency and the UAE Space Agency. This increased bilateral relationship and trade growth is a sign of innovative Canadian technologies and capabilities, and it reflects the Canadian private sector confidence in the UAE's legal system, business practices, and stability. We project trade to further increase given such opportunities, common sectors of interest, and suitable business environment.
There are evident similarities between the UAE's and Canada's values, for example on tolerance and women empowerment. Canada has long been globally recognized as a leader in tolerance, with the Canadian Charter of Rights and Freedom at its core. This is evident through examples such as its progressive immigration system, acceptance of refugees, protection of indigenous rights and the maintenance of a gender balanced cabinet with 50% women. Tolerance is also one of the UAE's core values, which has a Ministry of Tolerance and administers a National Tolerance Program. With about 200 nationalities that are resident here, the UAE themed 2019 as the Year of Tolerance with key milestones such as a Papal visit and mandating that 50% of Federal National Council (FNC) members be women. The implications of such shared values are strengthened people-to-people relationships. This makes it more attractive for Canadians to feel accepted and call the UAE home, move their families here, and make long term investments such as buying properties. Similarly, Emiratis are able to integrate within the Canadian society to study, train, and work. They then bring back knowledge and contribute towards enriching the UAE and developing its knowledge-based society.
Abu Dhabi hosts the 2nd Obstetrics, Gynecology and Fertility International Conference from March 28 to 29 at the Abu Dhabi National Exhibition Center (ADNEC), with the participation of seven international experts from the University College London Hospitals (UCLH), and leading medical institutions in UK, Switzerland, Lebanon and the UAE. During the conference, organized by Danat Al Emarat Hospital and HealthPlus Fertility Centers, the experts will present the latest developments in the diagnosis and treatment of obstetrics, gynecology and fertility conditions. The conference is expected to attract over 300 healthcare professionals from the region.
Mr. Mohammed Ali Al Shorafa Al Hammadi, Managing Director & CEO at United Eastern Medical Services (UEMedical), the parent organization of Danat Al Emarat Hospital and HealthPlus Fertility Centers, said “Organizing such conferences annually showcases our commitment to develop our services and support medical education initiatives in the Emirate of Abu Dhabi. We intend to help transfer global expertise in the obstetrics, gynecology and fertility fields to the region, through holding international conferences and scientific meetings, primarily aimed at exchanging knowledge, providing continuous medical education to the medical community, and providing information on the latest developments in the diagnosis and treatment of diseases. This comes in line with the strategies of the Department of Health – Abu Dhabi (DoH) to improve healthcare services across the Emirate of Abu Dhabi.”
Dr. Sadoon Sami Sadoon, Conference Chairperson, Obstetrics & Gynecology Consultant and Medical Director at Danat Al Emarat Hospital, explained that the conference focuses on laparoscopic surgery, and the use of modern surgical techniques in the treatment of various diseases, the prevention and treatment of medical problems associated with pregnancy, especially severe placenta problems including morbidly adherent placenta and placental insufficiency. The experts will also discuss the reasons for the increase in caesarean deliveries worldwide, as well as the ways to apply international medical protocols to reduce perinatal mortality.
He explained that through the scientific sessions, experts will discuss important topics, including the broad debate on the recommendation of the US Food and Drug Administration (FDA) to stop the use of power morcellation in laparoscopic fibroid surgery, which increased the use of traditional open surgeries for this type of conditions that are associated with many other complications.
He added that the conference will also focus on discussing the adhesion of placenta, which occurs as a result of previous caesarean sections and is considered a medical issue that put the pregnant women at risk. The experts will also present their views through their practical experiences to reduce these complications. Recent developments in fertility and IVF will also be discussed in some sessions.
He added, “Alongside the conference, a medical exhibition will be held with the participation of a number of medical pharmaceutical companies. Moreover, the Department of Health Abu Dhabi has accredited the conference for 14 hours of Continuous Medical Education (CME).”
As part of Abu Dhabi Securities Exchange (ADX) efforts to enhance the role of investor relations in listed companies and the continuous collaboration between the Exchange and companies in adopting best global practice, ADX held a workshop for listed companies on enhancing relations between the company and investors and the role of investor relations manager in this regard and enhancing this role in line with international best practice. The workshop was attended by investor relations managers of listed companies.
At the beginning of the workshop, it was highlighted to the audience that the investors in the companies are the basis of the formation of these companies. They have put their money and savings to contribute to the development of the economy and to obtain returns from their investment. Investment in listed companies in the securities markets gives the investor many rights as stipulated in the legislation regulating the capital markets. The Exchange has always been keen to continuously educate the investors about these rights and to identify them fully.
The most important of these rights is to provide effective communication with shareholders, provide them with adequate information in a timely manner and involve them in key decision making with ease. In addition, there are many rights that the company must provide and make available to all investors regardless of the number of shares they own and within the framework of legislation and law.
Companies must commit to providing all the information and delivered to the shareholders. This workshop is aimed at clarifying how to work collectively to strengthen the relationship between companies and investors in this regard and determine the role of the investor relations manager in addition to clarifying the shareholders' rights stipulated by the law.
Main objectives of the workshop were clarifying the relationship between the company and investors, underlining the role of the investor relations manager in this regard, raising the level of consistency and quality in responding to external inquiries received from analysts and investors, as well as enhancing the degree of knowledge of stakeholders and their understanding of the performance of companies data.
It was explained that the workshop objectives would be achieved through the application of the best ways of communication and presentation on the website of the company and improve the level of summary reports provided as well as find a more sophisticated and efficient approach to the company's interaction with the Exchange’s requirements, investors, and analysts.
It was then clarified to the attendees that the general framework in the appointment of the Investor Relations Manager and the functions of this manager is Article (35) of the decision of the Chairman of the Securities and Commodities Authority No. (7 / R.M) for the year 2016 Concerning the Standards of Institutional Discipline and Governance of Public Shareholding Companies. This article obligates the listed companies to appoint an investor relations manager according to specific conditions, such as the ability to write and speak in both Arabic and English languages, and to have a scientific qualification in addition to practical experience related to the fields of business, accounting or public relations of investors and to be aware of the legal and legislative requirements as well as having the ability to use different channels of communication, also to have the skills to communicate with investors in addition to other conditions.
The workshop also discussed with the companies the need to establish a special page for investor relations on the company's website so that it is constantly updated and maintained in line with international standards. The page should include data and means of communication in the investor relations department such as a dedicated phone number and e-mail address, and should provide financial results data whether archived or published, , including the dates of publication of financial results data, minutes of meetings of the General Assemblies, and any other important events. To establish the necessary procedures to provide all data and information to the investor relations employee, including the decisions of the Board of Directors as soon as they are issued, in addition to the periodical and annual financial statements once approved by the Board of Directors, to enable the investor relations employee to carry out his duties specified in the aforementioned Article.
Finally, in the workshop, the attendees were informed of the rights of the investors and shareholders that the investor relations managers and the listed companies should provide to them. These rights have been included in the legislation regulating the capital markets. In general, the shareholder has the right to obtain all the information that enables him to exercise his rights to the fullest extent and without discrimination between him and other shareholders. Among these rights are, the right to review the company’s performance through the financial data by viewing the company’s budget, the loss and profit accounts, board of directors reports, auditor reports of the company of the previous fiscal year. The shareholder is also entitled to apply for access to the company's books and any documents relating to the transactions with the related parties and the right to sue to obtain all the information and facts that help to uncover the truth of these deals and the right to see the minutes of the meeting of the general assembly and many other rights.
H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, said that the Exchange is keen to support and assist companies in enhancing the role of investor relations managers as well as enhancing relations between the company and investors.
H.E. stressed that the Exchange will soon continue with the companies to work on the implementation of the most important recommendations of this workshop with the need for all companies to appoint an investor relations managers and to provide an electronic page or platform containing all the important information of interest to investors as stipulated in the aforementioned Article 35 and finally review the websites to verify the implementation of what has been agreed after giving the companies a specific time limit for the implementation of these recommendations.
Mike Nadolski, Vice President Communications and Public Affairs, Bombardier talks about innovation in the Canadian aerospace industry.
Last week, I was fortunate to be able to attend Aviation Week’s Annual Laureate Awards ceremony in Washington, D.C. It was a great event, in part, because Bombardier’s Global 7500 was named the Grand Laureate winner in the Business Aviation category.
The award ceremony was held at the National Building Museum. If you’ve never been, it’s a wonderful space of classic design and dramatic proportion, built in 1888 to host U.S. presidential inaugural balls and other grand soirees. The grandeur and history of the building got me thinking about the great minds and brave souls in aviation history who got us to where we are today.
In Canada, a good starting point is John Alexander Douglas McCurdy. On February 23, 1909, McCurdy flew the Silver Dart for nearly half a mile in Baddeck, Nova Scotia. It was the first Canadian powered flight of a heavier-than-air machine. By today’s standards, the Silver Dart looks quite primitive. It had no brakes, was constructed out of steel tubing, wood, bamboo, friction tape, and wire. Its name was inspired by the silver-looking rubberized fabric used to cover the aircraft.
Much has transpired in our industry since McCurdy’s first flight. Since then, we’ve broken the sound barrier, developed rockets to propel people to orbit the earth and beyond, and where air travel was once exotic or out of reach for all but a few, it has now become a staple of modern life for billions.
Innovation in the Canadian aerospace industry hasn’t slowed in years following the Silver Dart either. Bombardier’s Global 7500 is proof of that.
Its recent record-setting flight of 8,152 nautical miles, is the longest flight by a business jet in the history of the world – and we did it with plenty fuel reserves to spare! This means our customers can fly a third of the circumference of the Earth without having to land for fuel -- from Toronto to Johannesburg; from London to Honolulu or Athens to Perth.
At Bombardier, we’ve long been committed to finding new ways to improve how people travel, to pushing the envelope, and to setting new standards. We’re certainly grateful for the recognition by Aviation Week and so many others. It’s inspiration to keep us pushing towards greater heights. Thank you.
SNC-Lavalin (TSX:SNC) is pleased to announce that it has earned the prestigious Compliance Leader Verification from the Ethisphere Institute, an independent centre for research, best practices and thought leadership. The Compliance Leader Verification is awarded exclusively to companies with the best industry ethics and compliance program that are proactively investing resources in compliance, sending a clear signal that an organization takes compliance and ethics seriously. This certification is valid until the end of 2020.
“Ethisphere’s recognition acknowledges the efforts we have made to build a strong ethics and compliance program,” said Neil Bruce, President and CEO, SNC-Lavalin. “It is by measuring ourself against leading companies that we will continue to improve our program elements, structure and processes. I want to thank all our employees for their commitment to fostering a culture of integrity.”
Ethisphere completed a thorough assessment of SNC-Lavalin’s Integrity Program and benchmarked it against its 2018 World’s Most Ethical Companies data set, providing insight into the programs and practices of leading companies around the world. SNC-Lavalin’s performance was specifically evaluated on six main areas: program resources and structure, perceptions of ethical culture, written standards, training and communication, risk assessment, monitoring and auditing, enforcement, discipline and incentives.
“We are happy to award the Compliance Leader Verification™ designation to SNC-Lavalin,” said Erica Salmon Byrne, Executive Vice President, Ethisphere. “The structure of the program is exemplary, adopting many leading practices that reflect the company’s genuine commitment to integrity in all of its actions. In addition, the visible leadership provided by Neil Bruce and Dr. Hentie Dirker at the helm reflects true adherence to doing business the right way, and communicates that message to SNC-Lavalin employees around the globe.”
“We see this recognition as an endorsement of our efforts to build a culture where all employees understand the “why” behind our company’s approach to ethics and compliance,” added Dr. Hentie Dirker, Chief Integrity Officer, SNC-Lavalin. “While we take great pride in receiving this certification, we will continue to seek opportunities for growth and improvement.”
BMO Financial Group has been recognized by the Ethisphere Institute, a global leader in defining and advancing the standards of ethical business practices, as one of the 2019 World's Most Ethical Companies. BMO is one of only three companies in Canada, the only bank in Canada, and one of only five banks worldwide, to have been named to the list, underscoring the bank's commitment to values-based leadership and ethical business practices. Honorees were formally recognized at a Gala Dinner held earlier this week by Ethisphere in conjunction with its 11th Annual Global Ethics Summit in New York City
Central to BMO's approach to fostering an ethical culture is its commitment to acting responsibly and being a powerful tool for promoting social good. Being a responsible bank means weighing the impact of every decision, everywhere BMO does business. Throughout the company's 202 year history, its culture has embraced building more robust communities, protecting the environment, fostering diversity and inclusion within its teams and communities, and driving social and economic well-being.
"The trust between a bank and its customers is at the core of our relationship. It is our most valuable asset, and at BMO we've been building it for more than 200 years," said Darryl White, Chief Executive Officer, BMO Financial Group. "We constantly strive to strengthen our relationships by meeting the highest standards of ethical behaviour, as we work together with our customers to achieve their financial objectives, and – with all of our stakeholders – build a more sustainable future."
According to Ethisphere, the 2019 honorees profoundly illustrate how companies continue to be the driving force for improving communities, building capable and empowered workforces, and fostering corporate cultures focused on ethics and a strong sense of purpose.
"Today, employees, investors and stakeholders are putting their greatest trust in companies to take leadership on societal issues. Companies that take the long view with a purpose-based strategy are proven to not only outperform but last," said Ethisphere's Chief Executive Officer, Timothy Erblich. "I congratulate everyone at BMO Financial Group for earning this recognition."
Read more https://newsroom.bmo.com
St. John’s, NL - Making our oceans and our coasts healthier and safer, as well as ensuring our Indigenous, commercial, and recreational fisheries remain sustainable, are priorities for the Government of Canada. Through patrol and enforcement of our laws, Canada continues to protect our oceans, marine life and fisheries from coast to coast to coast.
Today, the Minister of Indigenous Services and Member of Parliament for St. John's South — Mount Pearl, the Honourable Seamus O’Regan, announced that the Government of Canada is awarding a five-year, $128 million contract to PAL Aerospace, an international aerospace and defence company based in St. John’s, Newfoundland. PAL is a global leader in airborne intelligence, surveillance and reconnaissance, with over four decades of experience in both civilian and military aviation environments. The agreement also includes opportunities for PAL Aerospace to earn extensions that increase the life of the contract to ten years. Over the next 18 months, PAL Aerospace will prepare bases of operation in Halifax and Campbell River, in addition to its headquarters in St. John’s, supporting over 100 jobs in the process.
This new contract will provide fishery officers with longer range aircraft, expanding their range of operations and giving them enhanced tools to combat illegal fishing and increase Canada’s maritime security. The contract will also allow high-fishing areas to be patrolled more often and for longer periods.
This contract will also help fulfill the Government of Canada’s commitment to protecting Canada’s oceans, waterways and marine life. As we work to protect 10 per cent of Canada’s marine and coastal waters by 2020, these aircraft and new bases of operation will help fishery officers better patrol marine protected areas (MPAs) across Canada, including remote MPAs Anguniaqvia niqiqyuam and Tarium Niryutait in the Beaufort Sea.
They will also help enforce the measures put in place by the Government of Canada to protect our endangered whales. This includes monitoring the Gulf of St. Laurence for compliance of the recently-announced fisheries management measures for North Atlantic right whales, as well as monitoring critical habitat areas for Southern Resident killer whales and enforcing fisheries management measures for their primary prey, Chinook salmon.
Enforcement is a key aspect the Government of Canada’s commitment to protecting our oceans and ensuring sustainability of Canadian fisheries. This contract, as well as our commitment to hire more than 100 new fishery officers by the end of 2019, will go a long way to ensuring the enforcement of protections provided through the $1.5 billion Oceans Protection Plan, $1.3 billion for Canada’s Nature Legacy and the updating and modernizing the Fisheries Act and the Oceans Act to protect marine life and its habitat.
Abu Dhabi Securities Exchange (ADX), the region's leading financial market, was part of the UAE delegation led by H.E. Sultan bin Saeed Al Mansoori, Minister of Economy, at the Partnership Summit 2019 held in Mumbai, India, on January 12 and 13.
Organised in collaboration with the host state government of Maharashtra, ADX’s delegation was led by H.E. Khalifa Salem Al Mansouri, Acting Chief Executive of ADX. The Exchange’s participation in the summit is in line with its strategy to bolster its international presence, as well as strengthen cooperation between ADX and the Bombay Stock Exchange (BSE) as part of a Memorandum of Understanding signed by the two sides earlier last year.
Indian Vice President Venkaiah Naidu; Suresh Prabhu, Minister of Commerce and Industry of the Government of India and Devendra Fadnavis, Chief Minister of Maharashtra attended the opening of the summit, which witnessed the attendance of more than 1,400 participants from 40 countries around the world.
With a global gathering of international leaders and officials, the Partnership Summit 2019 is aimed at exploring global growth and investment opportunities and building sustainable partnerships between various stakeholders. Through this summit, ADX seeks to promote the the Exchange, as well as the competitive and fair investment environment of the Emirate of Abu Dhabi. The ADX delegation highlighted the Exchange’s position as the preferred destination for foreign investments in the region, and reiterated the significance of the cooperation between ADX and the Bombay Stock Exchange (BSE) and benefits and investment opportunities it brings.
H.E. Khalifa Salem Al Mansouri said that ADX's participation in the Partnership Summit 2019 underscores the Exchange’s continued efforts to benefit from global best practice, as well as its desire to forge strategic partnerships to attract more foreign investment to the Exchange and Abu Dhabi in particular.
H.E. said: "During the summit, we were keen to highlight the unique investment environment of Abu Dhabi, both in terms of political and economic stability, its fair legislative and legal system, as well as advanced infrastructure. These are all factors that attract investors looking for stable markets and sustainable returns. The summit was an ideal platform for us to work closely with our Indian counterparts as investors from the country are an important source of foreign investment in the Emirate."
The number of Indian investors in ADX stood at around 17,700 by the end of 2018. The trading value of their transactions (buy + sell) during 2018 amounted to about AED 345 million with the market value of shares they owned standing at around AED 280 million as of end of last year.
In February 2018, ADX formed a joint working group with the Bombay Stock Exchange (BSE) to promote cooperation between the two exchanges in several key areas, including benefiting from the expertise of BSE in supporting small and medium enterprises and the steps it has taken to effectively manage related projects and procedures.
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