All news – Page 6571
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PAL pays to ward off fleet repossession
Philippine Airlines (PAL) has averted the threat of repossession of its fleet with a $37.9 million payment to its fully secured aircraft creditors. It is the first payment since June 1998 towards clearing the airline's $2.24 billion of debt. According to PAL, the payment was approved on 29 January ...
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BAe and Saab stay coy on remarketing plans
The regional aircraft leasing divisions of British Aerospace and Saab generated some $450 million-worth of business through lease extensions and sales last year. The two arms, which are linked at a corporate level through British Aerospace's 35% stake in Saab, remain coy about the prospects of their remarketing activities being ...
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Sri Lankan air force plan angers airlines
A proposal to use the Sri Lankan air force to operate domestic passenger services has angered local carriers Lionair and Monara Air. Sri Lanka's only two domestic airlines have been grounded since September, after a Lionair-operated Antonov An-24 crashed, apparently shot down by Tamil Liberation Tiger separatist rebels. All ...
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Routes dispute delays Ugandan privatisation
Michael Wakabi/KAMPALA The privatisation of Uganda's national carrier is being delayed because of problems over landing rights allocated earlier to one of the bidders, under the African Joint Air Services Agreement. Privatisation of the carrier was supposed to have been completed by last November, but the date was ...
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Workshop
-Sabreliner's Dimension Aviation division at Phoenix Goodyear has begun heavy maintenance checks on the first of up to four FedEx McDonnell Douglas DC-10s. Maintenance and modifications will be carried out before the aircraft are converted to freighters. -Air India is reportedly opening up its recently completed R216 million ($5 million) ...
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B/E Aerospace cuts jobs, closes sites
Chris Jasper/LONDON B/E Aerospace is to close seven manufacturing sites and plans to shed 500 jobs as part of a major restructuring that will cost the US cabin interiors specialist $70 million. The Florida-based company revealed details of the move while announcing a deal by which it will ...
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Military arm swells Boeing profit
Guy Norris/SEATTLE A good year for Boeing's Military Aircraft and Missile Systems helped the company post profits of $1.1 billion for 1998,signalling the beginning of what it hopes will be the start of a sustained recovery from 1997 when it incurred losses of $178 million on a turnover totalling ...
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GE Capital buys Japan Leasing
GE Capital is to buy debt-ridden Japan Leasing, in what could be the largest acquisition of a Japanese company by a foreign investor. Japan Leasing - part-owner of about 10 commercial aircraft - went into receivership in September because of bad debts in its real-estate portfolio. It is a ...
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Hughes merger helps Raytheon performance
Chris Jasper/LONDON Raytheon, the US defence electronics to corporate aircraft >giant, has reported a net profit of $864 million for the year - some 64% up on 1997. The company has predicted a strong performance in 1999 on the back of US defence spending. The Lexington, Massachussetts-based company generated turnover ...
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Snecma closes in on airline maintenance contracts
Snecma's Services division is moving to seal its first maintenance deals with three airlines in the first half of the year. The French engine builder expects to create a series of joint ventures with the carriers to expand its maintenance arm into new markets. The company intends to follow a ...
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Separate values
Pressured by figures showing that air traffic delays in Europe are increasing, Eurocontrol is getting tough on the implementation of its latest measure to increase airspace capacity. The Brussels-based air navigation agency is demanding that all parties commit to the required vertical separation minima (RVSM) programme if it is to ...
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UK ministers to decide on ASTOR next month
The UK is on the threshold of choosing an Airborne Stand off Radar System (ASTOR), the culmination of a procurement process that began with initial studies almost 20 years ago. The five-aircraft ASTOR programme is under assessment by senior service chiefs and is scheduled to be passed to the ...
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C-295 heads for end-of-year approval
The CASA C-295 technical demonstrator has undergone 350h of flying trials since its first flight on 28 November, 1997. A second aircraft joined the programme late last year. The 23t maximum take-off weight aircraft, based on the smaller CN-235, is likely to rival the Lockheed Martin/Alenia C-27J in the light ...
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Dutch plan air force cuts
The Netherlands armed forces face significant cuts, including the retirement of Lockheed Martin F-16 fighters, P-3 Orion maritime patrol aircraft and Fokker F-27 transports, but will gain new helicopters and a theatre missile defence capability. The changes stem from a memorandum published on 25 January by the Dutch Ministry of ...
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Cubic wins RAAF training range project
Cubic Defense Systems has been chosen as preferred contractor for the development of a fully instrumented air combat training and electronic warfare system evaluation range for the Royal Australian Air Force (RAAF). However, no contract negotiations are expected before late this year due to significant cost increases associated with ...
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UK carrier concept awaits fighter decision
Howard Gethin/LONDON The UK Ministry of Defence has opened a contest for the contract worth up to £1.48 billion ($2.44 billion) to build two aircraft carriers for the Royal Navy. Invitations to tender have been issued to six potential prime contractors: British Aerospace Defence Systems, Marconi Electronic Systems, Boeing, Lockheed ...
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Euromil Mi-38 signatures wait on Russian cash
Contracts for the launch of the Franco-Russian Euromil Mi-38 medium utility helicopter could be signed in the first quarter of this year, if funding is forthcoming from the Russian Government. Payment for the $500 million project is divided equally between Russia and a group of risk-sharing partners, including Eurocopter, ...
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USAF plans engine upgrade for Galaxy
The US Air Force plans to re-engine its fleet of 126 Lockheed Martin C-5A/B transports, following the award of an initial $451 million upgrade contract to Lockheed Martin and Honeywell to modernise the aircraft's cockpit avionics. The USAF is seeking funding in 2000 for a C-5 Reliability Enhancement Programme, ...
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Italy gives green light for JSF participation
Italian Parliamentary defence committees have approved the country's participation in the US-led Joint Strike Fighter programme, clearing the way for further participation in the project. Italy's involvement in the programme began last April with the signing of a bilateral statement and memorandum of agreement, with the USA giving the ...
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Marconi to forgo payments on JORN radar
Peter La Franchi/CANBERRA Marconi Electronic Systems is to forgo payments of at least $A50 million ($32 million) for work on the development of Australia's Jindalee Operational Radar Network (JORN). A new agreement will transfer the completion of all software tasks on the project to the Australian-based RLM company, a ...