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Cargolux receives its 30th new Boeing freighter since 1979

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Cargolux named its latest freighter ‘Joe Sutter – Father of the 747’ in honor of the man who designed the 747 in the 1960s. The naming came as a surprise to Mr. Sutter, who only found out during the unveiling of the aircraft during the departure ceremony at Boeing’s Paine Field yesterday. Joe Sutter, born in 1921, joined the Boeing Company in 1940, working at Boeing Plant 2 while studying aeronautical engineering at the University of Washington. He later became manager of the design team for the Boeing 747 under Malcolm T. Stamper, the head ... Read More »

BGL BNP Paribas opens its refurbished Kordall branch

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The refurbishment is part of BGL BNP Paribas’ ongoing policy of implementing a highly innovative concept throughout its network, based on a great customer experience and up-to-the-minute technologies such as iPads, free wifi and videoconferencing. The bank intends to meet customers’ changing needs while building closer relationships with them. When customers enter the new premises, an advisor will welcome them, show them around and help them use the bank’s services. The service proposal is the same as at an ordinary branch, but advisory cont... Read More »

BGL BNP Paribas supports the Ile aux Clowns organisation Presentation of two cheques for a total value of €10,000

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The Ile aux Clowns organisation works to help improve the quality of life of children and the elderly in hospitals and special care facilities. This initiative shows once again how BGL BNP Paribas is making good on its commitment to be a responsible bank and illustrates its active participation in community actions. ... Read More »

Cargolux scores Budapest award

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With this award, Budapest airport recognizes Cargolux’s contribution to its record-breaking year. After more than nine million passengers in one year, an all-time high in the airport’s history, the evening was a chance to honor and thank airlines, concessionaires, ground handlers, tour operators and others that supported the enhancement of Budapest’s aviation and retail development in 2014. “We are honored and proud to receive this prestigious award,“ says Tony McNichol, Cargolux Country Manager Germany, Austria, Hungary and Regional Manager... Read More »

Cargolux operates the first ever 747-8F flight to Manaus

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Cargolux introduces its advanced Boeing 747-8 freighter on its regular cargo services to Manaus and becomes the first airline worldwide to operate the state-of-the-art workhorse to the Brazilian airport. The flight CV7606 is scheduled to arrive in Manaus on the 25th January and brings a full load of machinery spare parts and telecommunications equipment from Luxembourg to South America. Cargolux offers fast air cargo services to Manaus since 2012 and operated its first 747-8F flight to Brazil in June 2013 after the Luxembourg carrier’s qu... Read More »

ArcelorMittal sells its Kuzbass coal mines

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The assets include the coal mines of Berezovskaya and Pervomaskaya, which together produce 700,000 tonnes of coal a year. ArcelorMittal acquired the Kuzbass mines in 2008 as part of the company’s strategy to secure delivery of coal to ArcelorMittal steel operations in Ukraine. Bill Scotting, CEO of ArcelorMittal Mining, said: "The decision to dispose of the Kuzbass coal mines follows a strategic review of the assets. As our Ukraine steel operations now source coking coal from ArcelorMittal’s mines in Kazakhstan, Kuzbass is no longer a str... Read More »

Luxaviation Group acquires Masterjet

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With its 44 employees in Paris and 13 aviation experts based in Lisbon, Masterjet operates a fleet of eight business jets ranging from Falcon- to Learjet- type aircrafts as well as a wide body Airbus 320, mainly targeting "head of state" clients. As part of Luxaviation Group, Masterjet will continue to be led by Edward Queffelec, President of Masterjet and son of founder Philip Queffelec, as well as Karol Gueremy, Managing Director. Through the acquisition of Masterjet, Luxaviation Group offers the expertise and know-how of 520 employees acr... Read More »

RTL Group appoints ING Luxembourg as depositary for unregistered bearer shares

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Only physical, unregistered bearer shares of RTL Group affected Registration of previously not registered bearer shares necessary to exercise voting and dividend rights This new law only affects those bearer shares that were previously not registered. Consequently, RTL Group understands that this law aims to register physical bearer shares and units that are currently in circulation to allow the identification of shareholders. All shareholders of bearer shares which are already registered – for example through the normal bank clearing syst... Read More »

EIB President Hoyer: EIB Group will play crucial role in “EFSI” investment initiative

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The President commented: “EFSI will unlock additional investment of at least EUR 315 billion over the next three years, strengthening confidence and improving the competitiveness of Europe´s economy.” He added: “We welcome that EFSI will be set up within the EIB Group. Our know-how and experience, in partnership with the Commission, will help provide fresh stimulus for the real economy in Europe. We have a strong track record of putting money to work.” EFSI will be initially endowed with a EUR 16 billion guarantee from the Commission and EUR... Read More »

KBL EPB launches Richelieu fund range inshare

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KBL European Private Bankers (KBL epb), the Luxembourg-headquartered private banking group, announced today the launch of its Richelieu investment fund range, including the first three Richelieu-branded funds. KBL epb, which operates in nine countries in Europe, currently acts as investment manager for some 60 proprietary funds, including funds marketed across its footprint under a range of local brand names, reflecting the group’s historical multi-brand strategy. For the past two years, KBL epb has focused on strengthening the ties that ... Read More »

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