All news – Page 6604
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News
Finnair focuses on cost reduction target
Finnair is continuing its aggressive programme to reduce costs with a deal to sell a 60% stake in Finnair Gateway Restaurants to Gourmet Nova. The deal follows hard on the heels of the sale of tour operator Fintours, to the Thomson Travel Group, as it offloads non-core activities. Chief ...
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ICO rescue funding makes progress
The US Bankruptcy Court in Wilmington, Delaware has granted approval for ICO Global Communication's $500 million rescue package by a group led by telecommunications pioneer Craig McCaw. The amount comprises $225 million from McCaw's companies, Teledesic and Eagle River Investments, and ICO investors, with another $275 million to follow in ...
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Mergers
BFGoodrich has strengthened its position in the US ejector seat market by acquiring the IBP Aerospace Group, which has been marketing the Russian Zvezda K-36 ejection seat in the USA. BFGoodrich Aerospace expects to be able to offer the seat for US-built aircraft within three years. Opportunities include the Joint ...
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Nigeria continues rebuilding as privatisation looms
Max Kingsley-Jones/LONDON Nigeria Airways has begun the next phase of rebuilding its network as it gears up for partial privatisation in early 2001. The airline has expanded its joint weekly services with British Airways between Lagos and London Heathrow from three to six frequencies, and introduced a dedicated Boeing ...
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Athens hub draws BA interest
Julian Moxon/PARIS British Airways is targeting Olympic Airways as a possible oneworld partner as part of a strategy aimed at developing the new Athens Spata airport as a major regional hub. The UK airline, which, through its consultancy arm Speedwing, has a contract to restructure Olympic in preparation ...
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US industry ends the millennium on a high
US industry has posted record sales of $155 billion this year, but forecasts a $6 billion decline next year, largely because of a drop in commercial aircraft shipments, says the Aerospace Industries Association (AIA). The AIA end-of-year performance analysis predicts that civil transport exports should start rising again in ...
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Eco wake-up
It is amazing that such a high profile industry as air transport has been able to expand at such a dramatic rate without its effect on the environment being equally high profile among politicians and the media. The European Commission (EC), however, has just made clear that this is going ...
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Rocket science
NASA must be eagerly awaiting the New Year following its string of disasters in 1999. The US space administration, which has done so much for space exploration this century, is hardly ending it on a high note. The latest setback - the further delay of the crucial Hubble Space ...
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R-R prepares to test upgraded Adour
Rolls-Royce is preparing to test its upgraded Adour engine for the first time next year. The UK company expects to sign a contract with the first customer, South Africa, in the next few months to provide the powerplant for its BAE Systems Hawk trainer purchase. The Adour, originally developed ...
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US forces consider Python 4 as stopgap
Paul Lewis/WASHINGTON DC Arie Egozi/TEL AVIV The US Air Force Reserve and Air National Guard (ANG) have begun to investigate the possible purchase of the Israeli-built Rafael Python 4 air-to-air missile as a stopgap to arm the Lockheed Martin F-16 until the Raytheon AIM-9X can be fielded. Rafael's international ...
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Bombardier eyes Continental shift for regional challenge
Paul Lewis/WASHINGTON DC Andrew Doyle/MUNICH Bombardier has held tentative discussions with airlines on the potential for developing a small regional jet version of its recently launched Continental mid-size business aircraft to counter the Embraer ERJ-135/140 and Fairchild 328/428JET. The Canadian manufacturer is understood to have made presentations to ...
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Airbus closes on Hong Kong sales
Andrzej Jeziorski/SINGAPORE Hong Kong's two passenger airlines are on the verge of placing new aircraft orders as business picks up in the Asian market. Industry sources say Cathay Pacific Airways is close to placing a new order for at least three Rolls-Royce Trent-powered Airbus A330-300s and is looking ...
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L-159 deliveries slip nine months
Andrew Doyle/PRAGUE Development of the Aero Vodochody L-159 advanced light attack aircraft is running nine months behind schedule and first deliveries to the Czech air force are not expected until at least September 2000. The first five aircraft, which have been built, were due to be handed over by ...
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Canadian falls to Air Canada
Brian Dunn/MONTREAL Air Canada has gained control of Canadian Airlines, but faces the hurdle of new regulations being enforced by the government and the Parliamentary transport committee. Montreal-based Air Canada said on 8 December that more than 50% of Canadian's shares have been tendered under its C$92 million ($62.5 ...
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EC probe may delay EADS
The creation of European Aeronautic, Defense and Space (EADS) may be delayed by four months if the European Commission (EC) decides to investigate the tie-up between Aerospatiale Matra, DaimlerChrysler Aerospace (Dasa) and Casa. Fears of a delay have arisen because of Brussels' decision to scrutinise the creation of the ...
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Fairchild finalises restructuring deal
Fairchild Aerospace is putting the final touches to a $350 million financial restructuring deal that will see its chairman and owner Carl Albert surrender control of the company to new investors led by New York investment house Clayton, Dubilier & Rice. Meanwhile, the European Commission has signed off $350 million ...
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Hubble service flight faces sixth delay
The Hubble Space Telescope servicing mission has been delayed for a sixth time following the discovery of more damage to the Space Shuttle Discovery. The mission is now unlikely to take place until at least 16 December. If the Discovery misses its 16 December launch date it will not fly ...
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Boeing secures deal for Skybridge launch
The Alcatel-led Skybridge consortium has selected Boeing Delta III and IV vehicles to launch half of its planned 80-satellite constellation from 2002, in a deal which is a major blow to Arianespace. Boeing will also take a "significant" financial stake in Skybridge, which will operate a high-speed broadband multimedia ...
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Five crew killed as Ilyushin Il-114T crashes at Moscow
An Ilyushin Il-114T twin-turboprop freighter crashed on take-off at Moscow Domodedovo Airport on 4 December, killing five of the seven crew and seriously injuring the other two. The aircraft, UK91004, banked suddenly from an altitude of 80-100ft (24-30m) immediately after take-off, hit the concrete fence surrounding the airfield and ...
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Mission failure leaves Mars exploration in disarray
Tim Furniss/LONDON The Mars Polar Lander Mission (MPL) was declared lost on 6 December after the failure of the seventh and final attempt to pick up signals from it using the orbiting Mars Global Surveyor. NASA administrator Dan Goldin says that a detailed review will be conducted of ...