The annual World Economic Forum (WEF) in Davos, Switzerland, is one of the most visible events of the year for business aviation as scores of aircraft carrying the world’s most powerful and influential politicians, financial experts and corporate chiefs descend upon the area for the four days of the summit. Last year’s event attracted approximately 460 business aircraft to Zurich International Airport.
Ruag may have to close its Zurich-Kloten site “due to unfavorable cost structures,” according to a spokesman for the company’s Aircraft Services Network, which maintains business and executive jets. He said the civil aircraft maintenance business is strategically important to the company, but cost pressure and lower margins are forcing management to revise its strategy.
Gulfstream V, Zurich, Switzerland, June 1, 2007 – The Swiss-registered GV landed nosewheel-up at Zurich/Kloten Airport, causing minor damage to the airplane but no injuries to the four crewmembers and five passengers. During the approach, the crew reported that the nosewheel was stuck in the up position. They went around to troubleshoot.