SkyEurope has announced that leasing company GECAS has terminated the leases for six aircraft operated by SkyEurope Airlines as of 8 January and that the aircraft have been returned to GECAS.
In a press release, the company says that the aircraft capacity has been replaced and SkyEurope continues to operate all scheduled flights.
The company also reports that they and Longstock SAPO Limited, a limited liability company with its registered offices in Gibraltar have agreed on the extension of the deadline for the first installment in relation to the EUR 10m bridge loan facility dated 11 December 2008.
SkyEurope is also pleased to report that E-Clear UK PLC has agreed to continue releasing funds from credit card sales to SkyEurope Airlines a.s., based on flown revenues, to provide on-going liquidity. According to SkyEurope’s records, approximately EUR 10m of flown revenues are held by E-Clear UK PLC.
The DoD has changed its structures and is been increasing efforts to facilitate access to loans by companies interested in working with artificial intelligence, advanced materials and semiconductors, biotechnology and quantum science.
India has approved millions of dollars in new military purchases, most of which will go to public sector companies.
The main obstacles to overcoming risks in the region are a lack of a strong cybersecurity culture and inadequate funds to invest in this domain given a widespread Chinese presence in the region.
MBDA is adapting to supply chain pressures as the Russian invasion of Ukraine leads to increased demand for armaments.
Despite the additional funding promised this week, the UK armed forces still look set to face cutbacks, and maintaining international commitments to AUKUS and GCAP may limit the options for other programmes.
This week on the Shephard Defence Podcast, senior naval reporter Harry Lye and military training & simulation reporter Norbert Neumann chat with Professor John Louth.
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