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Albany airport, HVCC team up to train future aircraft mechanics, technicians


Albany airport, HVCC team up to train future aircraft mechanics, technicians
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COLONIE With more than half the nation s commercial pilots over 55 years old, airlines will be scrambling to fill those jobs in coming years. But it s not only pilots that will be in short supply. That same demographic holds true for the mechanics who keep those airliners aloft, said Rensselaer County Executive Steve McLaughlin.
And filling those jobs will also be a challenge.
On Thursday, McLaughlin and other officials gathered to announce a new Aeronautical Technology Institute that will occupy a 12,000-square-foot hangar at Albany International Airport. The institute, a joint effort with Hudson Valley Community College that was first proposed by airport CEO Phil Calderone, will train aircraft technicians in a two-year program that will qualify them for jobs that can pay as much as $40 to $65 an hour. ....

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Delhi HC quashes termination of Air India pilots, orders reinstatement


The Delhi High Court on Tuesday came to the rescue of Air India pilots, including contractual ones, whose services were terminated by the company in August 2020, as it quashed the airline decision and directed their reinstatement.
Justice Jyoti Singh also directed that back wages would have to be paid to the reinstated pilots. The court added that the extension of contract, in the future, of the contractual pilots would be at the discretion of Air India, based on their performance.
The court said the detailed judgement in the matter would be available only on June 2.
The court s ruling has come on over 40 petitions filed by pilots whose services were terminated by Air India on August 13, 2020. ....

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This Day In Market History, May 28: Time Warner Spins Off AOL


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Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.
What Happened? On this day in 2009, Time Warner spun off AOL.
Where The Market Was: The Dow finished the day at 8,403. The S&P 500 traded at 906.
What Else Was Going On In The World? In 2009, Barack Obama became the first African American to become President of the United States. U.S. Airways pilot Chelsey “Sully” Sullenburger successfully crash-landed Flight 1549 in the Hudson River after both engines were disabled by a flock of geese. Average American income was $39,423.
Time Warner Ditches AOL: AOL’s fall from grace is legendary on Wall Street. The company first went public back in 1992 at a share price of $11.50. The company launched its first “Buddy List” chat in 1996. In 1999, AOL acquired web browser Netscape for $4.2 billion, and its market cap peaked at $222 billion. ....

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