Clear(R) Secures $44.4 Million in Venture Funding
August 20, 2008
New Investor Spark Capital Leads Round with Additional Funding by Syncom
Venture Partners and Participation from Existing Investors Including
Lockheed Martin, GE Security, Baker Capital and Lehman Brothers.
NEW YORK, Aug. 20 /PRNewswire/ — Clear(R), the fast pass for airport
security, has secured $44.4 million in venture funding. Led by new investor
Spark Capital, this round also includes a second investor Syncom Venture
Partners, and existing investors Lockheed Martin, GE Security, Baker
Capital, Lehman Brothers, and Clear founder and CEO Steven Brill. Clear
will use the financing to further its membership growth in its existing
markets and will also expand its signature fast lanes this fall and beyond
with airport installations expected in new major markets across the
country.
Clear members are pre-screened and, after application completion which
involves providing iris and fingerprint images, receive a card that allows
access to fast security lanes nationwide. Clear members’ identities are
assured through biometric verification every time they go through airport
security.
Clear lanes feature concierges whose assistance speeds throughput while
making passage through airport security more hassle-free. Clear’s annual
membership fee is $128. The Clear concierge service alone has made Clear
lanes 30 percent faster than regular security lanes and Clear plans to
improve that even more through enhanced technology which, once approved by
the US Government, could allow cardholders not to have to remove shoes,
outer garments or laptops as they pass through the security checkpoint.
Clear was recently featured in a Conde Nast Traveler story which
reported that there are an estimated 8 million fliers who take at least two
trips per month and who are Clear’s target market.
“Spark’s and Syncom’s new support, along with this renewed support from
our existing partners, assures that Clear will now be able to proceed to
complete the Clear national network, and then expand to other non-Airport
venues,” said Clear founder and CEO Steven Brill. “This marks an exciting
new phase in Clear’s growth and in the development of the voluntary
credentialing industry.”
“With Clear now accepted in 18 airports, the company has already built
the largest airport security fast pass business, and it is well on its way
to providing the nation’s travelers the best, most effective way to get
easy access to their flights,” said Dennis Miller, general partner, Spark
Capital. “Clear’s fast growth with their security verification system will
continue to change the way people think about identity credentialing and
fast access to venues with security bottlenecks — ranging from airports to
sports and concert arenas and beyond. We are excited to work with Steven
Brill and his team as they continue to build on their market momentum.”
“Syncom is delighted to partner with Clear, a business that is at the
forefront of an exploding market opportunity in voluntary credentialing,”
said Terry Jones, Managing Partner, Syncom Venture Partners.
Applicants start the membership enrollment process at http://www.flyclear.com
and complete it in person at a Clear enrollment center, where they have
their fingerprints and iris images captured. Clear enrollment centers are
located in airports with Clear programs and also at convenient city
locations, including New York’s Grand Central Terminal.
About Clear
Clear, operated by Verified Identity Pass, Inc., has signed up more
than 200,000 travelers nationwide. Clear cards are accepted at 18 U.S.
airports: Albany, Cincinnati, Denver, Indianapolis, Jacksonville, LaGuardia
(Central Terminal B and Terminal D), Little Rock, New York JFK (Terminals
1, 2, 4 and 7), Newark (Terminal B1 and B2), Oakland, Orlando, Reno, Salt
Lake City, San Francisco, San Jose, Washington, DC’s Reagan and Dulles, and
Westchester. And, soon, Clear lanes will open at Atlanta’s
Hartsfield-Jackson International Airport. Clear members are provided with a
high-tech card which allows them to access designated security lanes
nationwide for an annual fee of $128. Clear members pass through the
security checkpoint faster, with more predictability and less hassle.
Applicants start their enrollment at flyclear.com and complete the process
at an enrollment location where their fingerprints and iris images are
captured and their identification is validated. Clear’s registered traveler
program has been operational since July 19, 2005. For more information,
please visit: http://www.flyclear.com.
About Spark Capital
With a deep network that spans technology and media, investing and
operations, Spark Capital provides world-class entrepreneurs and
revolutionary companies with the resources to succeed in today’s
marketplace. Spark Capital has $622 million under management, and is based
in Boston, Mass. To learn more, please visit http://www.sparkcapital.com.
About Syncom
Founded in 1977 and headquartered in Silver Spring, Maryland, Syncom
Venture Partners manages approximately $400 million of private equity
capital on behalf of some of the nation’s largest corporations and public
pension funds. For more information, please visit http://www.syncom.com.
Spirit Airlines, America’s ultra low cost carrier, selects GuestLogix to increase on-board retail sales and attack higher fuel prices
August 20, 2008
TORONTO, Aug. 20 /PRNewswire-FirstCall/ – GuestLogix Inc.
(“GuestLogix”) (TSX-V:GXI), the leading provider of on-board retail
technology and solutions to the airline industry, today announced that
Spirit Airlines Inc., the largest ultra low-cost carrier in the United
States, Latin America and the Caribbean, will be deploying GuestLogix’
Mobile Virtual Store(TM) on its domestic and international flights. The
selection was made following Spirit’s recent aggressive move to remain
focused on growing non-ticket revenue and adding customer value in the face
of escalating fuel prices.
“Adding value rather than substantially raising fares is paramount to
our business model,” said Spirit CEO Ben Baldanza. “We are in a better
position than any other carrier in the America’s to succeed in this
volatile environment, and with the GuestLogix solution we can readily adapt
our on-board operations to introduce new products and services to secure
new revenues and enhance the travel experience for our passengers.”
The Spirit deal potentially adds another five million passenger trips
annually to GuestLogix’ industry leading on-board retail platform, which
includes wireless handheld POS devices and integrated software services.
Airline operators simply pay for the platform access on a per transaction
fee basis.
“We are delighted about this deal with Spirit, as it further
demonstrates that airlines are recognizing on-board retail innovation as a
key opportunity to drive new profitable revenue streams in the face of
rising operating costs,” said Tom Douramakos, President and CEO at
GuestLogix. “Spirit’s decision to implement our Mobile Virtual Store is a
testament to the benefits of our platform, specifically its ability to
enhance Spirit’s in-flight customer service while also strengthening the
company’s bottom-line results.”
The GuestLogix Mobile Virtual Store(TM) enables airlines to become
smart and profitable on-board retailers. It optimizes planning and
forecasting, facilitates on-board sales transactions and provides rapid
intelligence to on-board retail trends to support merchandising,
promotions, and logistics. The solution takes all forms of payment,
including cash (in multiple currencies), credit cards, loyalty cards,
stored value cards, vouchers and coupon sales.
About Spirit Airlines
Spirit Airlines, Inc. (http://www.spiritair.com) is the largest Ultra Low Cost
Carrier (ULCC) in the United States, Latin America and Caribbean. Its
all-Airbus fleet, the youngest in the Americas, flies more than 200 daily
flights to 43 destinations. The company is based in Miramar, Florida, and
employs 2,300 professionals.
About GuestLogix
GuestLogix (http://www.guestlogix.com) is the leading provider of on-board
retail technology and solutions to the passenger travel industry. Through
its proprietary Mobile Virtual Store(TM) platform, the Company provides
air, rail and ferry operators the tools and products to become successful
on-board retailers, enhance service and drive ancillary revenue growth.
With a customer base consisting of world leading airlines such as American
Airlines, Delta Air Lines, Ryanair, Germanwings and Alaska Airlines,
GuestLogix maintains agreements to serve more than a half billion passenger
trips annually.
American Airlines Launches Aircell’s Mobile Broadband Service ‘Gogo’
August 20, 2008
American is the First Airline to Offer Full Inflight Internet in the U.S.
on the Entire 767-200 Fleet
FORT WORTH, Texas and ITASCA, Ill., Aug. 20 /PRNewswire-FirstCall/ —
Marking the beginning of the next wireless revolution, American Airlines
made history today with the launch of the mobile broadband service,
Gogo(TM) provided by Aircell(R).
Effective today, customers traveling on American’s Boeing 767-200
aircraft can access complete coast-to-coast coverage on nonstop flights
between New York and San Francisco, New York and Los Angeles, and New York
and Miami. American, the world’s largest airline and founding member of the
oneworld(R) Alliance, and Aircell, the world’s leading provider of airborne
communications, have joined together to bring the first full inflight
broadband service to the U.S. market.
“We are pleased to provide our customers with the unprecedented ability
to stay connected to their family, friends and business associates on the
ground via the Internet while traveling at 30,000 feet above the United
States,” said Dan Garton, American’s Executive Vice President – Marketing.
“With today’s launch, American Airlines makes history as the first and only
U.S. airline to offer customers full inflight Internet connectivity,
demonstrating once again our industry leadership and focus on our
customers.”
Aircell’s Gogo will be available to customers as a fee-based service in
all cabins. Aircell will charge $12.95 on flights more than three hours,
which include American’s Boeing 767-200 flights. Each paid Gogo session
includes full Internet access. Cell phone and Voice over Internet Protocol
(VOIP) services are not available.
Gogo turns an American Airlines flight into a Wi-Fi hotspot, enabling
passengers to surf the Web, check any email, Instant Message, access a
corporate VPN, and more. Once the aircraft has reached 10,000 feet, users
can simply turn on their Wi-Fi enabled devices such as laptops, smartphones
and PDAs, open their browsers and be directed to the Gogo portal page where
they sign up and begin surfing. Gogo is powered by the Aircell
air-to-ground (ATG) Broadband System, which runs over Aircell’s exclusive
nationwide network.
“Today, U.S. air travel changes forever. With Aircell’s unique ATG
inflight Internet service, airlines finally have an economically viable
option for providing the broadband connectivity passengers are demanding,”
said Jack Blumenstein, President and CEO, Aircell. “American Airlines is
the first to bring inflight Internet to market, and today the days of being
cut off from the rest of the world while in the air become history.”
About American Airlines
American Airlines is the world’s largest airline. American, American
Eagle and the AmericanConnection(R) airlines serve 250 cities in over 40
countries with more than 4,000 daily flights. The combined network fleet
numbers more than 1,000 aircraft. American’s award-winning Web site,
AA.com, provides users with easy access to check and book fares, plus
personalized news, information and travel offers. American Airlines is a
founding member of the oneworld(R) Alliance, which brings together some of
the best and biggest names in the airline business, enabling them to offer
their customers more services and benefits than any airline can provide on
its own. Together, its members serve nearly 700 destinations in over 140
countries and territories. American Airlines, Inc. and American Eagle
Airlines, Inc. are subsidiaries of AMR Corporation. AmericanAirlines,
American Eagle, AmericanConnection, AA.com and AAdvantage are registered
trademarks of American Airlines, Inc. (NYSE: AMR).
About Aircell
Aircell is the world’s leading provider of airborne communications. As
winner of an exclusive FCC frequency license in 2006, Aircell(R) has built
a revolutionary mobile broadband network for commercial and business
aviation. In 2008, the Aircell Network and its inflight portal, Gogo(TM),
revolutionized the commercial airline passenger flight experience by
delivering a robust Internet experience at 35,000 feet. In addition, the
Aircell Network provides airlines with connectivity to operations and a
path to enhanced cabin services such as video, audio, television and more.
A similar feature set is available to Business aircraft operators. Aircell
has facilities in Broomfield, Colorado, and Itasca, Illinois. Aircell’s
vision is to give everyone the ability to stay in touch, in flight(R). For
more information about Aircell, please visit http://www.aircell.com.
About Gogo(TM)
Gogo, powered by Aircell, turns a commercial airplane into a Wi-Fi
hotspot with true inflight Internet access. Passengers with Wi-Fi enabled
devices, such as laptops, smartphones and PDAs, can surf the Web, check any
e-mail, Instant Message, access a corporate VPN and more. For more
information about Gogo, please visit http://www.gogoinflight.com.
Aircell, Gogo, and in touch, in flight are trademarks of Aircell LLC.
AmericanAirlines(R) We know why you fly(R)
SOURCE American Airlines
Air China Goes for Gold With its Olympic Standard Facilities
August 20, 2008
BEIJING, Aug. 20 /Xinhua-PRNewswire/ — Air China has made
gold-standard improvements to its fleet and raised the bar for customer
services, to give its passengers the best possible experience during the
Olympic Games.
(Logo: http://www.newscom.com/cgi-bin/prnh/20080625/CNW017LOGO )
Air China’s move to Terminal 3, together with other Star Alliance
carriers, was the first stage in a new era for the airline. Since then Air
China has invested RMB 688 million in revamping its luxury cabins of 15 of
its long-haul jumbo jets. Now, the new First Class and Business Class
cabins, which are aptly named Forbidden Pavilion and Capitol Pavilion, have
become firm favorites with executive travelers.
Air China has also invested RMB 568 million in equipment geared towards
the Olympics and Paralympics, including over 1,000 ramp vehicles, and 100
in- flight narrow wheelchairs and 120 ordinary ones. The investment has
made Air China the country’s only carrier equipped with wheelchairs on
board.
Air China has also given its staff Olympic standard training to ensure
optimum in-flight service. Over 8,000 staff have attended training programs
and workshops to improve English proficiency, etiquette, and wheelchair and
occupational skills.
Olympic athletes and officials will have the best possible service
during the Games, four ticketing counters and eight check-in counters at
the Olympics village will guarantee that whether you are an Olympic
sprinter, or weightlifter, you will never miss your flight!
Carrying China, Spanning the World
As a Star Alliance member, the Beijing 2008 Olympics Airline Partner
and the only flag carrier of China, Air China operates a worldwide network
from its hub in Beijing. By a fleet of 214 Airbus and Boeing aircraft, Air
China runs 243 routes — 168 domestic, 69 international, and 6 regional —
serving 28 countries and regions, offering over 6,000 flights with over
1,000,000 seats every week to 81 domestic and 42 overseas and regional
destinations.
SOURCE Air China
Honeywell to Present at Gabelli & Company Aircraft Supplier Conference
August 20, 2008
MORRIS TOWNSHIP, N.J., Aug. 20 /PRNewswire-FirstCall/ — Honeywell
(NYSE: HON) today announced that Rob Gillette, President and CEO of
Honeywell Aerospace, will be presenting at the Gabelli & Company Aircraft
Supplier Conference in New York, N.Y., on Friday, September 5, 2008 from
12:00-1:15 p.m. EDT.
A real-time audio webcast of the presentation and related presentation
materials will be posted to http://www.honeywell.com/investor prior to the
presentation. The presentation materials will be in Adobe Acrobat format. A
replay of the webcast will be available following the presentation at the
same link listed above for 30 days following the presentation.
Honeywell International is a $38 billion diversified technology and
manufacturing leader, serving customers worldwide with aerospace products
and services; control technologies for buildings, homes and industry;
automotive products; turbochargers; and specialty materials. Based in
Morris Township, N.J., Honeywell’s shares are traded on the New York,
London and Chicago Stock Exchanges. For additional information, please
visit http://www.honeywell.com.
Desert Sky Holdings Makes First Institutional Investment in XCOR
August 20, 2008
Cautious Investors Increasingly See Future Profits in Space
MOJAVE, Calif., Aug. 20 /PRNewswire/ — XCOR Aerospace today announced
that Desert Sky Holdings has become the first institutional investor in the
aerospace company. Desert Sky Holdings follows the Boston Harbor Angels
investment in XCOR last year, as well as continuing investment from
well-known angel investors and industry trend setters such as Esther Dyson.
“Desert Sky’s commitment to XCOR is an important vote of confidence in
the company,” says XCOR’s new Chief Operating Officer, Andrew Nelson, a
former Morgan Stanley banker. “Institutional investors tend to be cautious
and deliberate when selecting investments because they are investing other
people’s money and must be able to justify their decisions to their limited
partners. This is why they bring a heightened level of due diligence and
professionalism to their investment decisions. This investment by Desert
Sky Holdings indicates that institutional investors are starting to
appreciate XCOR’s value proposition and its prospects in an industry that
has not traditionally attracted significant interest. Of course, neither
did Netscape or YouTube when they first started out.”
Founded in 1999 and located in Mojave, California, XCOR is a leading
contender in the race to provide low cost space flight with its reliable,
re-usable, clean-burning, and safety-oriented rocket propulsion systems.
Recently, XCOR performed the first public flights of its second generation
rocket-powered aircraft for a client before crowds of over 100,000 in
Oshkosh, WI. The firm is currently building its third-generation vehicle
called the Lynx, which will safely take two people to the edge of space.
The Lynx, which will use environmentally benign propellants and carry
paying customers or scientific payloads, is scheduled to make its first
flight in 2010.
“The managing partners at Desert Sky Holdings have long been interested
in the space sector, so we have kept an eye out for opportunities in this
revolutionary industry,” said Desert Sky Holdings Managing Partner Robert
Jacobson. “After extensive due diligence, we believe we have found an
industry leader. XCOR has a superior management team that is executing a
plan that should lead to successful space flight, as well as stellar
returns for our investors.”
Desert Sky Holdings, LLC, is a Los Angeles-based private equity firm
that specializes in investments in businesses with revenues of $5 million
or less.
SOURCE XCOR Aerospace
Hermes Spacecraft Looking to Bring Personal Space Travel to the Masses
August 20, 2008
‘Shuttle for Everyone’ Prototype on Display at Intel Developer Forum
SAN FRANCISCO, Aug. 19 /PRNewswire/ — Intel Developer Forum — Like
many Americans coming of age during the time of the Apollo missions, Morris
Jarvis dreamed of someday blasting off into space. As a child he sat glued
to the television set as man walked on the moon, and he later studied
aerospace engineering in college. Over the years Jarvis built countless
models of spaceships, exhaustively studied the space shuttle program and
even interviewed real astronauts and NASA engineers. But even his friends
and co-workers were a little surprised when in 1993 he stopped dreaming and
started building a space shuttle in his garage in suburban Phoenix.
Jarvis founded Star Systems Inc. and began working evenings, weekends
and vacations, even recruiting some of his engineering colleagues in his
quest. The result is a prototype of his Hermes Spacecraft, which is on
public display for the first time at the Intel Developer Forum.
Morris and his team are building Hermes out of their own pockets and
figure they need about $1.5 million to finish the test work and begin
regular space flights. The team is undertaking a grassroots fundraising
effort to secure the remaining dollars as well as recruiting other
“dreamers” for their mission.
“There isn’t a geek out there who hasn’t dreamed of being an
astronaut,” says Jarvis. “We’re all dreamers.”
Hermes, named for the mythological Greek God of boundaries and the
travelers who cross them, is a technological marvel loaded with some of
Intel’s most advanced embedded chips including the Intel(R) EP80579
Integrated Processor SOC product line and the Intel(R) Atom(TM) processor
Z5xx series. Intel technology powers most of the spacecraft’s data
gathering, test and communications systems. Other companies assisting the
Hermes team include ADI Engineering, Dot Hill, GE Fanuc, MicroSun, and
National Instruments.
Hermes’ first flight will be an unmanned, tethered flight at Utah’s
Bonneville Salt Flats in October during which Morris will control the
spacecraft from a remote cockpit on the ground. Numerous sensors and
computing systems will gather critical flight data and provide real-time
feedback to Morris and his flight crew. Once the tethered flights are
completed, Hermes will be equipped with an engine pod so it can be flown
like an airplane, unattached to the ground. In the future, Hermes will be
towed to about 113,000 feet above the earth by an ultra-high altitude
helium balloon, then flown back to earth using the remote cockpit. Finally,
another test will be undertaken with an onboard pilot. If all goes well,
Morris and his colleagues plan to build a production version of Hermes and
begin offering regular space flights.
“Hermes is built on the premise that anyone who wants to should be able
to take a trip into space,” says Jarvis. “We hope to provide trips for
about the price of a new car.”
About The Hermes Spacecraft
The Hermes Spacecraft is a commercial venture designed to provide
affordable space travel to enthusiasts and adventure travelers. The company
was founded by engineer and space “dreamer” Morris Jarvis in his garage in
Phoenix, Arizona. The Hermes prototype is scheduled for its first test
flight in the fall of 2008. For more information visit
http://www.hermesspace.com.
SOURCE Star Systems Inc.
Innovative Aerojet Propulsion System Powers High-Speed Anti-Radiation Demonstration (HSAD) Flight Vehicle
August 20, 2008
SACRAMENTO, Calif., Aug. 19 /PRNewswire-FirstCall/ — Aerojet, a
GenCorp (NYSE: GY) company, announced today that its Integral Rocket Ramjet
(IRR) propulsion system which incorporates a nozzleless booster and
Variable-Flow Ducted Rocket (VFDR) ramjet technologies, powered a
successful air-launched flight vehicle demonstration at White Sands Missile
Range in New Mexico.
Aerojet’s propulsion system, developed for the High-Speed
Anti-Radiation Demonstration (HSAD) program, is designed to meet the
evolving requirements for a long-range, reactive missile propulsion system
with near-term transition to the war-fighter. The HSAD program is sponsored
by the Office of Naval Research (ONR) Air Warfare and Naval Weapons
Applications (Code 352) with the Naval Air Warfare Center Weapons
Division/China Lake (NAWCWD/CL) serving as the program lead and system
integrator.
For the flight test, the controlled test vehicle (CTV) was successfully
rail-launched from a QF-4 drone aircraft, accelerated to supersonic speed,
and transitioned to supersonic sustain-phase ramjet flight using Aerojet’s
VFDR ramjet propulsion system. The VFDR ramjet system features a responsive
energy-management capability that provides the CTV with active propulsion
throughout the entire sustain flight enabling flight at speeds much higher
than standard solid propellant rocket-powered systems.
The HSAD system passed a rigorous ground and environmental test program
prior to flight. Using flight-weight hardware, these tests demonstrated the
transition-readiness of the system. “What makes the HSAD program unique is
that this high-performance propulsion system was manufactured and
integrated into a war-fighter-class weight and size-compliant missile
airframe,” said Gariel D. Randolph, PE, HSAD program manager. “We are truly
excited about these results and for what they bring to future
capabilities.” The HSAD all-solid propellant IRR design provides improved
Munitions Safety and other benefits over standard solid propellant rockets.
The VFDR flight test continues Aerojet’s leading role in the development of
next-generation tactical propulsion for the U.S. military.
Aerojet is a world-recognized aerospace and defense leader principally
serving the missile and space propulsion, defense and armaments markets.
GenCorp is a leading technology-based manufacturer of aerospace and defense
products and systems with a real estate segment that includes activities
related to the entitlement, sale, and leasing of the company’s excess real
estate assets. Additional information about Aerojet and GenCorp can be
obtained by visiting the companies’ Web sites at http://www.Aerojet.com and
http://www.GenCorp.com.
SOURCE Aerojet
General Dynamics to Acquire Jet Aviation for $2.25 Billion
August 20, 2008
Transaction will create a large, worldwide business-jet support network and
expand General Dynamics’ Aerospace operations into global flight-support
services; current Jet Aviation management to remain in place.
FALLS CHURCH, Va., Aug. 19 /PRNewswire-FirstCall/ — General Dynamics
(NYSE: GD) and Dreamliner Lux S.a.r.l., a company controlled by the Permira
Funds, have entered into a definitive agreement for General Dynamics to
acquire Zurich, Switzerland-based Jet Aviation for CHF 2.45 billion
(approximately $2.25 billion) in cash.
The proposed acquisition, which has been approved by the boards of
directors of both companies, would be immediately accretive to General
Dynamics’ earnings. The transaction is subject to normal regulatory
approvals, and is expected to close by the end of 2008.
Jet Aviation, with its worldwide headquarters in Zurich, was founded in
Switzerland in 1967 and is one of the world’s leading business-aviation
services companies. Close to 5,600 employees cater to clients’ needs from
25 airport facilities throughout Europe, the Middle East, Asia and North
and South America. Services provided include maintenance, repair and
overhaul; completions and refurbishments; engineering; fixed base
operations (FBO); along with aircraft management, flight support and global
executive-jet charter services; aircraft sales and acquisitions and
personnel services. In the past three years, under the control of the
Permira Funds, Jet Aviation has developed from a family owned business to a
global leader in business aviation services.
Following completion of the acquisition, Jet Aviation will continue
serving the entire aircraft manufacturing community and its global client
base as a new business unit within the General Dynamics Aerospace group
operating under the Jet Aviation and Midcoast Aviation brands.
“We are delighted to be acquiring Jet Aviation and partnering with the
current management team to continue its success. Under the Permira Funds’
ownership, Jet Aviation has become a global market leader in
business-aviation services; as a unit of General Dynamics, Jet Aviation
will support one of our core growth areas,” said Nicholas D. Chabraja,
General Dynamics chairman and chief executive officer.
“The Permira Funds backed a period of significant capital investment in
this business that drove rapid organic growth, and Jet Aviation
strengthened its franchise globally through a successful acquisition
strategy. As a result, the company is well-positioned to capture further
growth opportunities in the business aviation market. Through General
Dynamics’ acquisition of this strong and rapidly growing organization, we
will expand our participation in the business-aviation industry well beyond
that of our current operations,” Chabraja said.
Jet Aviation and its principal subsidiary companies, Midcoast Aviation,
St. Louis, Mo., and Savannah Air Center, Savannah, Ga., operate in nine
U.S. locations, including Bedford/Boston, Mass.; Chicago, Ill., Dallas and
San Antonio, Texas; Lambert, Mo.; Palm Beach, Fla.; and Teterboro, N.J. The
company also operates international facilities in Basel, Geneva and Zurich,
Switzerland; Beijing and Hong Kong, China; Cologne, Dusseldorf, Hannover
and Kassel, Germany; Dubai, UAE; Jeddah, Saudi Arabia; Kuala Lumpur,
Malaysia; London Biggin Hill, U.K.; Moscow Vnukovo, Russia; Riyadh, Saudi
Arabia; and Singapore. More information about the company is available
online at http://www.jetaviation.com.
The General Dynamics Aerospace group designs, develops, manufacturers
and services a comprehensive offering of advanced business-jet aircraft,
and has a strong reputation for superior aircraft design, safety, quality
and reliability; technologically advanced onboard systems; and
award-winning product support.
General Dynamics’ senior management will discuss this transaction and
answer questions from investors and financial analysts at 8:30 a.m. on
Tuesday, August 19, at the Four Seasons Hotel, 57 East 57th Street, New
York. Investment community representatives are invited to participate in
person or by phone, and the conference will be webcast through a link at
the General Dynamics website, http://www.generaldynamics.com.
General Dynamics, headquartered in Falls Church, Va., employs
approximately 84,600 people worldwide and anticipates 2008 revenues of
approximately $29.5 billion. The company is a market leader in business
aviation; land and expeditionary combat systems, armaments and munitions;
shipbuilding and marine systems; and information systems and technologies.
Certain statements made in this press release, including any statements
as to future results of operations and financial projections, may
constitute “forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995, as amended. Forward-looking
statements are based on management’s expectations, estimates, projections
and assumptions. These statements are not guarantees of future performance
and involve certain risks and uncertainties, which are difficult to
predict. Therefore, actual future results and trends may differ materially
from what is forecast in forward-looking statements due to a variety of
factors. Additional information regarding these factors is contained in the
company’s filings with the Securities and Exchange Commission, including,
without limitation, its Annual Report on Form 10-K and its Quarterly
Reports on Form 10-Q.
All forward-looking statements speak only as of the date they were
made. The company does not undertake any obligation to update or publicly
release any revisions to any forward-looking statements to reflect events,
circumstances or changes in expectations after the date of this press
release.
SOURCE General Dynamics
Air China Apunta al Oro con sus Mejoras para Cumplir con el Estándar Exigido por las Olimpíadas
August 20, 2008
BEIJING, 20/08/2008 /Xinhua-PRNewswire/ — Air China ha introducido mejoras a su flota y ha subido las exigencias para los servicios al cliente, para entregar a sus pasajeros la mejor experiencia posible durante los Juegos Olímpicos.
El traslado de Air China a la Terminal 3, junto con otras líneas aéreas miembro de Star Alliance, fue el primer paso en una nueva era para la operadora aérea. A partir de ese momento, Air China ha invertido 688 millones de renminbis en la renovación de las cabinas de lujo de 15 de sus aviones jumbo para vuelos de larga distancia. Ahora, las nuevas cabinas de Primera Clase y Clase Ejecutiva, acertadamente denominadas ‘Forbidden Pavilion’ y ‘Capitol Pavilion’, se han convertido en firmes favoritas entre los viajeros de negocios.
Además, Air China ha invertido 568 millones de renminbis en equipos destinados a cumplir con las necesidades generadas por las Olimpíadas y Paraolimpíadas, lo que incluye más de 1.000 plataformas elevadoras, además de 100 sillas de ruedas angostas para uso a bordo y 120 sillas de ruedas comunes. La inversión ha convertido a Air China en la única línea aérea del país equipada con sillas de ruedas a bordo. (FUENTE Air China)
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La historia que sigue es sobre una carrera aérea que se realiza la semana entrante. O sea, que se enterarán del resultado después de leer este artículo. Todos... Read more » |
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