Defence firm Cobham has extended its Fly-in Fly-out (FIFO) service contract with Australian nickel producer Minara Resources to the end of 2015.
The two-and-a-half year contract extension is worth AUD$18m and builds on one of Western Australia's longest FIFO relationships, with Cobham's operations commencing in 2001.
The FIFO service entails transporting around 1,000 workers to and from the remote nickel mine at Murrin Murrin, some 560 miles north-east of Perth.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
"We are continuing to develop the services we offer to successful companies operating in Australia's growing mining and energy sectors," claimed Peter Nottage, vice-president of Cobham Aviation Services.
Cobham is Australia's largest contract aviation company with a fleet of 48 aircraft used across maritime surveillance, FIFO, freight and airline services.
JH
-
Workplace pension salary sacrifice schemes could be under threat as HMRC explores optionsHMRC has published research which looks at hypothetical cuts to salary sacrifice for workplace pensions
-
Nvidia's earnings live: stock gains as investors brace for key resultsNvidia's stock opened strongly ahead of its earnings, as analysts question whether Blackwell sales can make up for lost China revenue
