19 June 2009

Argentina invests to modernize national airlines

The Government of Argentina has begun an extensive effort to modernize the national airline Aerolineas Argentinas and domestic carrier Austral. President Cristina Kirchner unveiled a new Boeing 737/700 last week, the first new airplane bought for Aerolineas Argentinas in 16 years. The airline and its sister airline Austral were nationalized in December 2008 to maintain

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SAFRAN receives 300 millions euros loan from European Investment Bank

European Investment Bank Vice President Philippe de Fontaine Vive and SAFRAN Chief Executive Officer Jean-Paul Herteman signed a contract to provide 300 million euros in financing to the SAFRAN group for the development of a new generation of cleaner aircraft engines. The EIB loan will be used to finance Research & Development on aircraft engines

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Airbus establishes research cooperation agreement with JAXA

Airbus announced the signature of a cooperation agreement with Japan Aerospace Exploration Agency (JAXA) on the cooperative research activities in the field of composite materials. This agreement marks the first ever research cooperation between Airbus and a Japanese aerospace agency. Two areas already identified are VaRTM (Vacuum assisted Resin Transfer Moulding) evaluation and NDI (Non-destructive

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