All air transport news – Page 2474
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DASA parent heads towards first-half profit
DAIMLER-BENZ is now on course to announce a profit for the first half of the year, marking the start of a climb-back from 1995 when escalating aerospace losses, worsened by the cost of closing Fokker, had left the German giant nursing a massive deficit. While Daimler-Benz confirms that ...
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Aerospace groups attack customer finance warning
Doug Cameron/LONDON BLEAK WARNINGS from a leading US credit-rating agency that aerospace manufacturers are heading for a funding crisis over mushrooming customer finance obligations have raised anger within the industry. The report from Moody's Investors Service claims that the exposure of civil manufacturers has risen ...
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Stevens launches Orenda engine
STEVENS AVIATION has placed a $20 million launch order for 140 Orenda Aerospace Vee-8 piston aero engines, which it plans to retrofit to Raytheon Beech King Air C90 twin turboprops. Stevens plans to re-engine the Pratt & Whitney Canada PT6A-powered King Airs with the Orenda 600 piston engines ...
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Samsung holds talks in last-ditch bid to rescue Fokker-
Paul Lewis/SEOUL SOUTH KOREAN conglomerate Samsung has re-opened detailed negotiations with Dutch Government receivers to take over bankrupt aerospace manufacturer Fokker Aircraft. The aim of the talks is to have a deal in place within two months, as time runs out for the Dutch manufacturer. ...
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Third Hawaiian Dash-8
Island Air has introduced a third de Havilland Dash 8 into service, which is for use on flights from Honolulu to the island of Molokai. Island Air sister company Aloha Airlines, meanwhile, celebrated its 50th anniversary on 26 July. Source: Flight International
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Embraer claims US launch customer
Doug Cameron/LONDON EMBRAER SAYS that it has secured a US launch customer for the EMB-145 regional jet and expects to deliver two units to the airline in December. The US carrier has not been named, but is understood to be Atlantic Coast Airlines, a United ...
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Boeing prepares new strategy
Guy Norris/LOS ANGELES BOEING HOPES to finalise by the end of October a broad-based product-development strategy to take the company into the next century. The company is wrestling with several options and, because it is short of engineers, is attempting to prioritise without over-reaching itself. ...
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Dornier considers turbofan 328
Andrzej Jeziorski/MUNICH DORNIER LUFTFAHRT is looking at the possibility of fitting turbofans to the planned 50-seat version of its 328, and plans to issue a request for proposals for new power plants in September. Dornier says that using a turbofan is "technically feasible" and that ...
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Gulfstream goes public as business-jet orders surge
Graham Warwick/ATLANTA GULFSTREAM Aerospace is to go public with an initial share offer which values the US business-jet manufacturer at around $2.2 billion. Owner Forstmann Little, a private New York investment firm, has filed to sell about one-third of Gulfstream in an initial public offering (IPO) which ...
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ValuJet warns over debt covenants
VALUJET HAS warned that it may begin to run into problems with debt covenants by the end of September because of its grounding, which has been in place since mid-June in the wake of the Florida crash. In a filing with the US Securities and Exchange Commission, the ...
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Boeing and GE target Air France 777 deal
BOEING AND GENERAL Electric are attempting to sign up Air France as the launch customer for the GE90-100B-powered version of the 777-300. Boeing programme sources confirm that Air France is "definitely the most likely customer" for the 445kN (100,000lb)-thrust GE90-100B, but suggests that no signing is imminent. ...
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Japan confirms 100-seater discussions with Bombardier
MITSUBISHI HEAVY Industries has confirmed that talks are under way with Bombardier on the possible development of a 100-seat airliner (Flight International, 29 May-4 June). The Japanese company says that it hopes to develop a regional jet using the technology from the wing it is producing for Bombardier's ...
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MDC postpones MD-XX launch to early part of 1997
McDONNELL DOUGLAS (MDC) is now hoping to launch the MD-XX stretched, re-winged MD-11 derivative at the start of 1997, says president Harry Stonecipher. MDC had been tipped to launch the MD-XX at the Farnborough air show in September, but is expected instead to give detailed briefings to interested airlines, led ...
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Matra BAE sign deal
Matra and British Aerospace have signed the commercial agreement covering the merger of their two respective missile divisions. The move legally establishes the joint venture, although Government approval from the UK and France is still needed. Following the UK selection of the BAe Matra bid for the UK's stand-off missile ...
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Recovered TWA No 2 engine has turbine blades missing
INVESTIGATORS working on the Trans World Airlines (TWA) Boeing 747-100 crash off Long Island, New York, in July are still searching for conclusive evidence of what triggered the explosions, which destroyed the aircraft. The badly damaged No 2 engine has now been recovered, however, and is understood to have three ...
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Giant Boeing order paves the way for first United 747-600X
Guy Norris/LOS ANGELES UNITED AIRLINES has radically revised its large Boeing order, shifting the emphasis away from more 777s to 747-400s and, at the same time, paving the way for its first 747-600Xs. Negotiations for the long-anticipated order were originally based around an additional 17 777s, ...
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Ageing airliners
AiRLINES DEFINED AS ageing are turbine-powered aircraft with accommodation for at least 30 passengers (or an equivalent freight capacity), and built more than 15 years ago (before 1 January, 1982). The 1996 Flight International Ageing-Airliner Census covers 38 turbine-powered passenger and cargo aircraft types, designs with few examples still flying ...
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Virgin Express Boeing 737 ready for delivery
THE FIRST OF TWO NEW BOEING 737-300s on order for Virgin Express, in the carrier's bright red colour scheme, is being prepared for delivery at Seattle. The low-cost carrier, which was created this year when Virgin took control of Brussels-based EuroBelgian Airlines by purchasing a 90% stake, operates eight 737s. ...
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Pratt & Whitney
Stephen Finger has been named senior vice-president for operational military-engine programmes at West Palm Beach, Florida-based Pratt & Whitney's Government Engine & Space Propulsion unit. He was previously senior vice-president of propulsion systems for the PW2000, JT8D and V2500 programmes and is a former director of engineering on the F100 ...
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AAR
AAR Engine Group, of Elk Grove Village, Illinois, has named James Vincent senior vice-president and general manager for AAR Engine Sales & Leasing. He was most recently vice-president and general manager for the Pratt & Whitney product line at AAR Aircraft Turbine Center. Source: Flight International