Pentagon 2000 Software completes SOC1 Audit and Certification process

Pentagon 2000 Software, Inc. has successfully completed the SOC1 Audit and Certification process. This audit, conducted by third-party auditor Ernst & Young according to AICPA standards, is crucial for ensuring trust in financial reporting. The audit’s success underscores the effectiveness of the company’s controls and its ability to safeguard client data. By obtaining the SOC1 […]

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David McBride becomes Chief Technology Officer for Supernal

People, Top Stories

David McBride has been appointed Chief Technology Officer (CTO) for Supernal LLC – Hyundai Motor Group’s Advanced Air Mobility (AAM) company. McBride will lead Supernal’s technology strategy and vehicle development, reporting to CEO, Jaiwon Shin. “Following the debut of our product concept earlier this year, Superal has entered a new phase of our advanced air

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Dave Calhoun to step down as Boeing CEO by end of 2024

People

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

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Airbus Defence and Space has signed an agreement to acquire INFODAS, German company that provides cybersecurity and IT solutions © Airbus

Airbus Defence and Space to acquire INFODAS

Financial

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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TrueNoord, has secured a new Term Loan with Deutsche Bank © TrueNoord

TrueNoord secures new Term Loan with Deutsche Bank

Financial

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' Boeing 737NG full-flight simulator has been moved from Brisbane to Sidney © Rex

Rex’ Boeing 737NG full-flight simulator shifts base to Sydney

Other News

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

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Boom Supersonic celebrates successful flight of XB-1

Aircraft & Engines

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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Travelport and Air Canada have signed a new content distribution agreement

Air Canada finalises US$2.15 billion senior secured credit facilities

Financial

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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SAS’ Chapter 11 Plan approved by court

Financial

SAS has received approval of its Plan of Reorganisation, known as the “Chapter 11 Plan,” by the U.S. Bankruptcy Court for the Southern District of New York. The effectiveness of this plan is contingent upon various conditions, including regulatory approvals and a reorganisation at the SAS AB level in Sweden. SAS anticipates emerging from Chapter

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IAG Cargo will expand its IT and digital team with more than 60 positions © IAG Cargo

IAG Cargo will grow its IT and digital team with more than 60 positions

Information Technology

IAG Cargo, the cargo division of International Airlines Group (IAG), is growing its IT and digital team with more than 60 positions, more than doubling the size of its global team. This expansion is part of IAG Cargo’s commitment to be an agile, innovative and customer-centric business, increasing efficiency and embracing new technologies that will

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Pentagon 2000 Software completes SOC1 Audit and Certification process

David McBride becomes Chief Technology Officer for Supernal

Dave Calhoun to step down as Boeing CEO by end of 2024

Airbus Defence and Space to acquire INFODAS

TrueNoord secures new Term Loan with Deutsche Bank

Rex’ Boeing 737NG full-flight simulator shifts base to Sydney

Boom Supersonic celebrates successful flight of XB-1

Air Canada finalises US$2.15 billion senior secured credit facilities

SAS’ Chapter 11 Plan approved by court

IAG Cargo will grow its IT and digital team with more than 60 positions

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