Tuesday 24 October 2017

Aer Lingus planes to have net access

AER Lingus is to provide customers on its European network with in-cabin internet access. The new service will be available on the Aer Lingus short-haul fleet from the middle of next year.

The first aircraft to be fitted with the internet capability are expected to launch mid-2013 and will provide services via the KA-SAT satellite operated by Eutelsat Communica- tions.

Enbio gets space agency contract

Irish surface-technology company Enbio has secured a €500,000 deal with the European Space Agency to optimise a "sunscreen" to better protect satellites travelling in space.

The contract will also enable Enbio to establish its first manufacturing facility at its headquarters at NovaUCD, the Centre for New Ventures and Entrepreneurs, at University College Dublin.

Energy firm Vayu in deal with FMC

Irish energy company Vayu has signed a multi-million euro, two-year Regional Natural Gas supply contract with FMC Corporation.

The deal will see Vayu supply the gas requirements for the pharmacy giant in both the UK and Ireland. The deal, which is a first for the Irish energy market, was won by Vayu's New York office.

China does most luxury shopping

Chinese consumers have overtaken US shoppers this year to become the world's biggest buyers of luxury goods, accounting for 25pc of global sales through purchases at home and overseas.

US consumers now account for one-fifth of the world's luxury sales, followed by the Japanese shoppers at 14pc, according to a report released by consultancy firm Bain & Co.

Eurozone output falls even more

Eurozone factory output continued its steep fall in autumn this year, underscoring the feeble domestic demand that risks prolonging the region's recession.

Industrial production in the 17 countries sharing the euro fell 1.4pc in October after falling sharply in September, the EU's statistics office Eurostat said. That was much worse than the modest growth expected by economists in a Reuters poll.

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