Boeing President and CEO, Dave Calhoun, has declared his intention to step down from his CEO position at the end of 2024. However, Calhoun will continue to guide Boeing through the remainder of the year to ensure the completion of crucial ongoing initiatives aimed at stabilising and positioning the company for future success. Furthermore, Boeing […]
Dave Calhoun to step down as Boeing CEO by end of 2024 Read More »
Airbus Defence and Space has announced plans to acquire INFODAS, a leading Cologne-based German firm specialising in cybersecurity and IT solutions for the public sector, including defence and critical infrastructures. The agreement, subject to regulatory approvals, is anticipated to be finalised by the close of 2024. This strategic move aligns with Airbus’ commitment to fortify
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Specialist regional aircraft lessor, TrueNoord, has finalised a new Term Loan agreement with Deutsche Bank. The financing arrangement is aimed at bolstering TrueNoord’s ongoing business expansion initiatives and fleet enlargement, while also marking the addition of Deutsche Bank as a valued banking partner. Legal counsel Clifford Chance represented TrueNoord, while Milbank acted on behalf of
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Rex has announced the certification of its Boeing 737NG full-flight simulator (FFS) by the Civil Aviation Safety Authority (CASA), marking its readiness for operational use. The Level D FFS is adaptable for both 737-700 and 737-800 variants and holds approval for upset prevention and recovery training (UPRT). Originally located at Ansett Aviation Training (AAT) facilities
Rex’ Boeing 737NG full-flight simulator shifts base to Sydney Read More »
Boom Supersonic has announced the first flight of XB-1, the world’s inaugural independently crafted supersonic jet. The event unfolded at the Mojave Air & Space Port in Mojave, California, marking a significant leap forward in aviation technology. Like Overture, XB-1 capitalises on cutting-edge advancements such as carbon fibre composites, state-of-the-art avionics, digitally-optimised aerodynamics and an
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Air Canada has announced the completion of its US$2.15 billion senior secured credit facilities. These facilities comprise a US$1.175 billion term loan B maturing in 2031 (the Term Loan) and a US$975 million revolving credit facility maturing in 2029 (the Revolving Facility). This collective arrangement forms the “Senior Credit Facilities”. Proceeds from the Term Loan,
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