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Budget carrier SpiceJet on Wednesday said it has tied-up with WheelTug Plc for reserving 400 production slots for the electric taxi system. The application of such a system helps move an aircraft forward or backward without powering its engines or using external tugs. The electric taxi system will enable SpiceJet in saving fuel, reducing carbon emissions as well as noise levels and improving fleet utilisation, thereby directly improving the bottom line, the airline said in a release. The WheelTug system places high-torque motors in the nose wheels of the aircraft. Pilots control the aircraft themselves, performing ground operations without requiring tugs for maneuvers. SpiceJet said.
Mair Property Funds
Perth-based commercial funds management company, Mair Property Funds, has recently acquired a third asset for their popular MPF Diversified Fund No. 3, an office and warehouse facility in Derrimut (Victoria) for $6.2 million.
The Derrimut facility, which is located within the Paramount Industrial Estate, sits on a land area of 10,600 square metres with a building area of 2,860 square metres that was purpose-built for the current tenant in 2016.
Alex Lambert, Head of Commercial Funds at Mair Property Funds, was excited to announce the addition of another asset to the MPF Diversified Fund No. 3 portfolio.
“This purchase looks to further diversify our portfolio and is the first asset we have purchased for this fund outside of Western Australia.”