All news – Page 6877
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CNAC trading starts sluggishly on Hong Kong exchange
Trading in newly listed China National Aviation (CNAC) stock on the Hong Kong exchange got off to lacklustre start on 17 December, with shares struggling to sustain their issue price. CNAC has placed 338 million newly issued shares with institutional investors and a further 37.7 million in the form ...
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Fairchild Dornier posts first result
Fairchild Dornier has revealed its financial figures for the first time, claiming strong net profits of just over $70 million for its latest 1996/7 year to the end of September. The privately owned US company, which has given out almost no financial information since taking over the troubled Dornier ...
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US Airways Sabre
Sabre Group will provide US Airways with computer services under a contract which covers the next 25 years. Sabre will be responsible for the US Airways data-centre operations and will purchase its information-technology assets for about $45 million. Source: Flight International
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PIA chairman begins mission to restore 'financial discipline'
New Pakistan International Airlines(PIA) chairman Shahid Khaqan Abbasi has set about a clean sweep of the carrier's finances, taking heavy write-offs in the latest 1996/7 accounts and pledging to "restore operational and financial discipline". The accounts, which show a heavy Rs4.8 billion ($110 million)net loss in the year to ...
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Thai privatisation is in prospect for 1998
The long-awaited partial privatisation of Thai Airways International finally looks set to proceed in 1998, spurred by a major Government financial shake-up and the urgent need to raise new capital for the debt-ridden carrier's planned fleet renewal. Thai invited a pre-selected group of finance brokers to a company briefing ...
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Hidden turmoil
There is something vaguely ironic about Boeing outlining continuing production delays and, in the same breath, of the need to shed production staff. The irony is, however, a reflection of the underlying turmoil in the civil airframe industry - a turmoil which has to some extent been hidden by the ...
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Aster 15 hits sea-skimming target drone in test
Aerospatiale's Aster 15 naval air-defence missile has successfully intercepted a sea-skimming target in a simulated threat environment which included stand-off jamming intended to protect the target drone, an Aerospatiale C22. The test engagement on 13 November was intended to simulate a sea-skimming missile attack with the in-bound missile protected ...
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Dasa struggles to gain support for AT-2000 definition phase
Paul Lewis/Singapore Daimler-Benz Aerospace (Dasa) is facing an uphill battle to drum up international support for its proposed AT-2000 advanced jet trainer, ahead of the start of a planned year-long definition phase. Following the conclusion of an initial conceptual study at the end of July, Dasa is preparing ...
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Pentagon launches micro-air-vehicles project
The US Defense Advanced Research Projects Agency (DARPA) has earmarked an initial $12 million for design of micro air vehicles (MAV) and development of enabling technologies for the miniature 150mm MAVs. The Pentagon picked six research organisations to develop flight-enabling MAV technologies over the next three years. The contracts, ...
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Eurofighter signs look good
Andrzej Jeziorski/MUNICH The defence ministers of the four Eurofighter partner nations were due to meet in Bonn on the morning of 22 December to sign the long-awaited production investment and production memoranda of understanding (MoUs). The signature of the MoU has been made possible by the go-ahead from ...
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Super Mysteres return to service
The Honduran air force is to return its 11 Dassault Super Mystere B2s to service in 1998. The aircraft have been in open storage for 24 months. They were acquired from the Israeli air force in the late 1970s, with Rafael Shafrir short-range air-to-air missiles. Source: Flight International
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A TAD more
Lockheed Martin has won a $100 million foreign-military-sales contract from the US Army to build 30 Target Acquisition Designation Sight/Pilot Night Vision Sensor (TADS/PNVS) systems for installation on Netherlands Boeing Apache AH-64 attack helicopters. Source: Flight International
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Allison IHPTET
The US Air Force has awarded Allison Engines, a unit of Rolls-Royce, an additional $37 million for continued involvement in the Integrated High Pressure Turbine Engine Technology (IHPTET) research and development programme. Source: Flight International
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Swallows go south
The Belgian air force's aerobatic display team, the Swallows, has been wound up. The team flew Siai-Marchetti SF-260M trainers of the Elementary Flying School at Beauvechain. The two most recent pilots have moved to operational units, with no other aircrew volunteering to take their place. Source: Flight International
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Commander grounds crash-plagued Russian air force
Alexander Velovich/moscow A one-week ban on all flights of Russian air force aircraft "-except those directly connected to combat duty" has been ordered by Commander in Chief Gen Piotr Deinekin. The order was issued after an air force Antonov An-12 collided on landing with a civil Mil Mi-8 ...
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Launch failures of Indian Sea Eagles mystify Matra BAe
Matra BAe Dynamics has failed to uncover the cause of two consecutive test-launch failures of Indian navy Matra BAe Dynamics Sea Eagle anti-ship missile, finding no evidence of problems with the navy's missile stock. The Indian navy tests of stock Sea Eagle missiles were carried out from a BAe ...
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UAE orders Mirage 2000-9s and goes ahead with upgrade work
Julian Moxon/Paris The United Arab Emirates (UAE) is to procure 30 Dassault Mirage 2000-9s and associated weapons, as well as an upgrade package for the air force's Mirage 2000s. The deal, worth between Fr17 billion ($2.9 billion) and Fr20 billion, includes conversion of the UAE's 33 existing Mirage ...
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Over the ocean in a DC-4
Paul Duffy/SHANNON At 08.58 Greenwich Mean Time (GMT) on 4 May, 1997, Swissair flight 4001 lifted off from Shannon's Runway 24, outbound for New York, with a refuelling stop scheduled at Gander. You might be forgiven for questioning the need to refuel, but this was no ordinary flight ...
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Rocky Mountain high
Guy Norris/VANCOUVER We pull out of a 3g turn over Garibaldi Lake and fly towards the Black Tusk rock. The immense flanks of the mountain rear up in front and, for a moment, it seems as if my flight with the Canadian Forces Snowbirds aerobatic display team is about ...
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Super send-off
Allan Winn/Bristol - Bremen FOR 26 YEARS, THE JOKE was that every Airbus had its first flight on a Boeing wing - as a collection of components carried in one of the consortium's Super Guppy outsize transporters. (It was not strictly true - the first two A300s did not, ...