Early on Wednesday morning in the US, United Airlines was forced to ground all flights worldwide for approximately two hours as a result of a computer problem. “An issue with a router degraded network connectivity for various applications, causing this morning’s operational disruption. We fixed the router issue, which is enabling us to restore normal
KLM signed a €575m revolving credit facility with 10 international banks, finalizing the early refinancing of its credit facility which was due to mature in July 2016. The facility has a tenor of 5 years and shows improved terms compared to KLM’s existing facility. The transaction was launched at €575m and KLM took advantage of
Ascent Integration & Automation Group has been awarded a contract by Airbus for the Beluga XL Final Assembly Station. The Beluga XL is an A330 heavily modified to transport large, oversized aerostructure components from Airbus supplier facilities to the Beluga XL final assembly line in Toulouse, France. Under this contract Ascent Integration – European Operations,
Worldwide Flight Services (WFS) is to acquire a 51% shareholding in Fraport Cargo Services (FCS) as part of a strategic partnership with Fraport AG. The investment is part of WFS’ strategy to continue to expand in Europe’s major cargo markets. Fraport is to retain a 49% share in FCS and will continue to take a
The head of Boeing’s commercial aircraft division, Ray Conner, has indicated that the lack of available finance through the US Export-Import Bank would likely put the company at a “huge competitive disadvantage” as rival firms still had access to similar beneficial forms of financing. However he went on to say that Boeing was keen to
Boeing and Vietnam Airlines celebrated a historic event witnessed by H.E. Nguyen Phu Trong, General Secretary of the Communist Party of Vietnam, with the flag carrier’s first 787 Dreamliner serving as a backdrop. The event was attended by more than 200 delegates, ministers and ambassadors from Vietnam and the United States, as well as local
Embraer Executive Jets delivered the first Phenom 300 to Luxaviation S.A., part of Luxaviation Group. The Group has been rapidly expanding its business worldwide through acquisitions bringing valuable benefits to customers. With a broader range of aircraft types, the collaboration between the Group’s companies enhances best practices in all operational areas. Luxaviation Group today operates
Jet Aviation recently signed service agreements with Bombardier and Gulfstream Aerospace to provide maintenance support to its Teterboro FBO customers. Jet Aviation continues to evolve its maintenance offerings to meet the needs of its customers and provide them with the best solutions. Through these recently signed service agreements, Bombardier and Gulfstream Aerospace will support routine
Vision Systems, an international system supplier for the aeronautics, automotive and marine markets, already masters different industrial processes including Resin Transfer Molding, thermocompression, infusion, thermoforming and drape forming. This production know-how, in addition to that of mechanics and electronics, enables Vision Systems to offer complete functional systems with breakthrough features, most particularly solar protection solutions,
Although its opening has been postponed several times, and with a current opening date now scheduled for 2017, the German newspaper Bild am Sonntag has reported that such weighty investors as JP Morgan and Macquarie have been courted by Berlin to take a stake in the new airport. The newspaper report states that investors will
