Boeing Co. (NYSE:BA) predicts that over the next 20 years, the Asia Pacific region will need hundreds of thousands of new commercial airline pilots and maintenance technicians to support airline fleet modernization and the rapid increase of air travel. The 2012 issue of the Boeing Pilot & Technician Outlook says that 185,600 new pilots and 243,500 new technicians will be required in the region through 2030. The largest regional demand will come from China, which will need 71,300 pilots and 99,400 technicians over the next 20 years. In June, Boeing signed a Memorandum of Understanding with the Indonesian Ministry of Transportation to jointly set up aviation training programs and is also expanding its partnerships worldwide to develop a global flight school network which should increase the supply of capable and well-qualified aviation personnel.
Bank of America Corporation (NYSE:BAC): Banks which face the inquiry for Libor manipulation might potentially be liable for tens of billions of dollars in claims from a slew of lawsuits in the United States, from insurers, cities, investors and lenders who will claim damages from the allegedly fudged rates, according to the Wall Street Journal.
Chevron Corp. (NYSE:CVX) and Argentina’s embattled state oil company, YPF, are moving rapidly towards a strategic partnership to help increase production and to make the country’s vast Vaca Muerta shale resources available, according to the Financial Times.
Hewlett-Packard Company (NYSE:HPQ) Enterprise Services says that the State of Minnesota Department of Public Safety, or DPS, has reached a $41 million system-integration arrangement with Hewlett-Packard, in the development of the Minnesota Licensing and Registration System (MNLARS) for the Driver and Vehicle Services, or DVS, Division. The firm will collaborate with DPS to standardize processes and also to develop an integrated system that houses 6.4 million vehicle records and 4.1 million driver history records. The user-centric MNLARS will ease interaction among 40,000 users, among which include law enforcement agencies, DVS business partners, court system and federal agencies, to deliver near real-time access to verified data.
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