Pacific Aerospace owes creditors at least $42m - liquidator s first report nzherald.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nzherald.co.nz Daily Mail and Mail on Sunday newspapers.
Pacific Aerospace boss during North Korea export sanction breach now works for NZTE
12 Apr, 2021 05:00 PM
4 minutes to read
Pacific Aerospace s P-750 aircraft is popular for skydiving. Photo / Supplied Trade promotion agency NZTE says its employment of the man who headed an aircraft maker fined for breaching United Nations sanctions by indirectly exporting replacement parts to North Korea considered his extensive experience of running an export business.
Damian Camp was chief executive of Hamilton-based Pacific Aerospace when it pleaded guilty in 2017 to three breaches of the UN sanctions against North Korea and one charge under the Customs and Excise Act.
He left Pacific Aerospace in 2019 after 12 years as chief executive. He is now an NZTE customer manager for specialised manufacturing, a job he s held since September.
Kevin Stent/Stuff
Hard hit by Covid, US-based Reading Cinemas has ‘’monetised’’ a major piece of land on the Auckland industrial market.
Cinema company Reading International has sold a huge parcel of light industrial land in South Auckland, making a bumper profit. The 28.5 hectare parcel of industrial land in Wiri near Auckland Airport was sold for $77.1 million to 100 Prices Rd, a company linked to prominent retailers Anne and David Norman,. Reading reaped a US$41m (NZ$58.45m) gain from the sale after costs, saying the property sold for well above its book value of US$13.5m and “substantially’’ above estimates before the pandemic.
Fighting fires from the sky in Asia Investment and innovation in aerial firefighting aircraft continues around the world, and in the Asia Pacific region, opportunities abound as governments consider whether or not to operate their own fleets or employ third parties to assist in the challenge of fighting forest fires in an increasingly warm climate. Mandy Langfield offers a snapshot of some of the latest investments in aerial firefighting fleets in the region
China
The Helicopter Detachment of China’s Forest Fire Bureau was established in 2009 in Daqing, a city in the northeast Heilongjiang Province. In 2019, a reorganization of assets was performed, which resulted in the aviation team being split into two parts – the first in Daqing, and the other in Kunming, in the southwest of the country. At the time, Zhang Yinghai, Captain of the Kunming Aviation Rescue Detachment, commented: “The new establishment marks a strategic move for China to ramp up its avi
Asia Pacific Aerospace welcomes first female apprentice verticalmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from verticalmag.com Daily Mail and Mail on Sunday newspapers.