On January 18, 2019, Finnair has signed a binding €175 million syndicated revolving credit facility for general corporate purposes. The coordinating bookrunner and mandated lead arranger for the facility is Nordea Bank. Danske Bank, OP Corporate Bank, Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) act as bookrunners and mandated lead arrangers in the
airport operator Swedavia is laying off 125 employees as a result of an ongoing change and efficiency programme. The measures are aimed at ensuring Swedavia’s cost-effectiveness and long-term competitiveness. “We are now creating conditions to remain competitive and in order to develop our operations in the long term. In an industry that has narrow margins,
On January 16, Embraer presented its preliminary forecast for 2019 and 2020 at a meeting with investors at the New York Stock Exchange. For 2019, Embraer expects to deliver between 85 and 95 commercial jets, 90 to 110 executive jets, including light and large jets, 10 A-29 Super Tucano aircraft and two multi-mission KC-390 aircraft.
HAECO Xiamen, a member of the HAECO Group, has successfully completed cabin modification work on the first of Virgin Atlantic Airways’ four Airbus A330-200 aircraft. The cabin received a complete makeover with brand new business class suites unique to the A330-200, the addition of premium economy class, re-pitched economy class seats, newly fabricated carpets, an
Panasonic Avionics Corporation (Panasonic Avionics) has appointed Kimberly Chainey as its General Counsel. Chainey is a legal leader and corporate generalist with over 15-years experience advising senior executives of Fortune 500 companies, venture businesses and government entities. As chief legal officer and a member of the executive team, Chainey will advise Panasonic Avionics’ leadership on
GOAL German Operating Aircraft Leasing GmbH & Co. KG (GOAL) has arranged, through Irish leasing companies, purchase and lease transactions for three Airbus A321neo aircraft with InterGlobe Aviation Limited (IndiGo). The first aircraft delivery took place on 28th December 2018 and the other two aircraft are scheduled for beginning of 2019. The A321neo is the
In 2018, Swiss-AS has welcomed 12 new customers to the AMOS Community, amongst them Ural Airlines, Kuwait Airways, LIAT, Bamboo Airways, Lufthansa German Airlines and Air Tahiti Nui. Though the new customers have different backgrounds, ranging from start-ups, CAMO organizations up to MRO providers and established airlines, they have all chosen AMOS as their perfect
RUAG will upgrade eight Cougar helicopters belonging to the Swiss Air Force’s transport helicopter fleet. The corresponding agreement was signed in December by representatives of armasuisse and RUAG in Bern RUAG is set to upgrade the Cougar helicopters with state-of-the-art technology at their facilities in Emmen by mid-2022. Procured in 1998, the helicopters’ electronic flight
FL Technics, a global provider of integrated aircraft maintenance, repair and overhaul services, has signed a contract with Go2Sky for the line maintenance services in Vilnius airport for their Boeing 737NG. Go2Sky will fly on behalf of GetJet who took over Small Planet Airlines contracts. Based at Milan Rastislav Stefanik airport in Bratislava (Slovakia), Go2Sky
The first serial H160 to roll off the brand new assembly line in Marignane performed a flight demonstration on the December 17, in front of the H160 team in an end-of-the-year celebration of the programme’s achievements in 2018. The helicopter, which will be delivered to launch customer Babcock in 2020, had already performed its first
