the construction company Dura Vermeer, making it the first fully privatised airport in the Netherlands. Substantial investments in the airport infrastructure have been made since the privatization. Between August and October 2005, the runway was resurfaced and renamed to 03/21 (from 04/22) to compensate for changes in the earth's magnetic field. The airport originally had two runways; the second (shorter, ) runway (07/25) was closed and removed to make room for a new cargo terminal and additional aircraft maintenance facilities. Construction of the new facilities started in April 2008. On 7 May 2005, Air Force One carrying US president George W. Bush landed at the airport. Bush visited the Netherlands American Cemetery in nearby Margraten the next day. The instrument landing system (ILS) for runway 21 was upgraded to category III in 2008, which allows landings in very low visibility conditions. Amsterdam Airport Schiphol is the only other airport in the Netherlands that has category III ILS. 2010s In March 2011, the airport was certified to handle the upcoming Boeing 747-8, as two of the airport's major airlines—Cargolux and AirBridge Cargo—have placed orders for this aircraft. Ryanair announced on July 3, 2012, that Maastricht will become a new Ryanair base from December 2012, the first on Dutch soil, with one Boeing 737-800 being based at the airport and three new routes being launched: Dublin, London-Stansted and Treviso. In late October 2012, start-up Dutch airline, Maastricht Airlines, announced plans to base six Fokker 50 aircraft at the airport, initially operating to Berlin, Munich, and Amsterdam, before adding Copenhagen, Paris Charles de Gaulle and Southend in 2014. This did not happen and the company declared bankruptcy. Also in 2013, the airport was helped by the province with a 4.5 million euro contribution. The airport was very close to bankruptcy during this period. Later on, in March 2014, the same province of Limburg believed that closure was never an option. They decided that they would like to take over the airport. In December 2013, a spokesperson of the airport confirmed the closure of the Ryanair base from March 2014, entailing the ending of the Bergamo, Brive, Dublin, London-Stansted and Málaga flights. In 2017, Corendon Dutch Airlines announced that they would open a base on the airport with one aircraft based in summer 2018. In late 2018 renovations started on the passenger terminal. Also, freight carriers as Emirates SkyCargo and Saudia Cargo found their