All news – Page 6915
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Apache launched on French order
Tim Ripley France has finally placed a $250-million order for 100 Apache AP long-range stealthy cruise missiles, allowing work to begin on the industrialisation phase of the eight-year-old programme. The contract is a milestone in the programme, which will lead to the fielding of the first ...
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Battle continues in bid to win UAE fighter contract
Tim Ripley Fighter manufacturers from America, Britain and France are still locked in a multi-billion dollar dogfight to win an order for 80 strike aircraft from the United Arab Emirates Air Force. The contest, valued at $6-8 billion, has been going on for almost three years ...
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Dollar dips against yen
The dollar ended lower against the Japanese yen Friday. It fell from a seven-month high on talk that the Japanese government would create a massive bailout plan for its beleaguered banking system. The dollar rose against the German mark for the fourth straight day, ending at 1.7298 marks, up from ...
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Hershey sues rival candy makerHershey
Foods Corp is suing Mars Incorporated, one of its biggest rivals. Hershey lawyers claim that a new package design for a Mars product - peanut butter M&Ms - infringes on the brand identity of an established Hershey's product, Reese's Pieces. A Hershey spokesman says the M&M packaging is nearly identical ...
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Siemens buys Westinghouse unit
Westinghouse Electric has agreed to sell its power generation business to Siemens of Germany for $1.525 billion cash, as part of its plan to divest its industrial businesses. Westinghouse officials say the divestiture timetable has been pushed back about six months, but expect to complete the sell-off of non-media units ...
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Rolls-Royce for VW?
German newspapers are reporting that a Volkswagen bid for Rolls-Royce cars has been accepted by Vickers, the manufacturer's owner. Vickers officials have denied that any deal is complete and say that negotiations could take months rather than days. Source: Flight Daily News
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Wall Street recovery
Stocks powered ahead Friday as Wall Street celebrated the good news that wholesale inflation in the United Stateshas stayed almost the same in the last month. The Dow Jones industrial average gained 84.72 points, at 7,572.48. For the week, it fell 8.84 points. In the broader market, advances led by ...
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Fuel speed ahead
Air BP's 70-plus years' experience of supplying aviation fuels has gone into the new Sterling Card which officials claim is the most competitively-priced fuel card in the world. Aimed at corporate users, the card can be used to charge fuel and a range of non-fuel products including catering, ...
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Ethiopian decision
The Ethiopian air force is expected to decide soon on who will win a contract to upgrade its Mikoyan MiG-21 fleet. Israel Aircraft Industries and Elbit, as well as Rosvooruzheniye/Mig Mapo, are competing for the work. Source: Flight International
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SIA flies to Star position
Singapore Airlines (SIA) is to sign a memorandum of understanding (MoU) on bilateral co-operation shortly with Lufthansa, as an initial step to becoming a full member of the rapidly expanding Star Alliance. According to industry sources, the two airlines could sign an MoU on 24 November, although this could ...
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MMS wins $1 billion work on the Celestri
Matra Marconi Space (MMS) has signed an agreement with Motorola which will result in an anticipated $1 billion contract to build 71 communications satellites for the US company's Celestri system. The Celestri satellites will be based on the MMS 3,000-4,000kg-class Eurostar 3000 spacecraft bus. A total of 70 ...
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Burbank plans 707 winglet tests
Burbank Aeronautical (BAC) plans to begin flight tests in March 1998 of a Boeing 707-300 with winglets which are expected to reduce fuel consumption by as much as 7%. California-based BAC says that plans for the winglet modification have attracted "a lot of interest" from commercial, corporate and ...
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Alliance spreads into Central Africa
Alliance Express, the regional arm of East African multi-national carrier Alliance Air, has taken over the operations of Government-owned Air Rwanda. Meanwhile, completion of the planned merger of Alliance with the two national airlines of its shareholders, Uganda and Tanzania, is now looking unlikely. Alliance Express ...
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China Northwest takes first single-aisle
The first of ten Airbus A320s for China Northwest Airlines was handed over to the airline in Toulouse on 6 November. The airline's A320 fleet will be powered by CFM International CFM56-5B4s, and configured to seat 158 passengers in a two-class layout. China Northwest Airlines, which is based in Xian, ...
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CityLine ponders Avro RJ future
Lufthansa CityLine is to make a decision by the middle of 1998 on whether to keep its fleet of Avro RJ85s in service after buying new 70-seat regional jets. The company says that fuel and maintenance costs for the Avros are high because of their four engines, and ...
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Eurocontrol bids to pep up air-traffic management
Eurocontrol has launched a major initiative in a bid to revitalise European efforts to develop an advanced air-traffic- management (ATM) system for the next century. The newly established Air Traffic Management 2000+ strategy board met representatives of the aviation industry at the Eurocontrol headquarters in Brussels on 7 ...
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Fiji International is prepared for January launch
Start-up carrier Fiji International Airways has reached agreement with London Stansted Airport to begin scheduled flights from Nadi, in Fiji, Mumbai, in India, and Singapore from early January 1998. The airline will operate Boeing 747-300s. The carrier originally intended to launch services to Manchester in the UK, but ...
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All clear for Fine Air
The US Federal Aviation Administration has authorised Fine Air to resume flying. The US cargo carrier expects to restart operations to Latin America within the next several weeks. Fine Air was grounded after the fatal crash in August of one of its McDonnell Douglas DC-8-61 freighters during take-off ...
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IATA warns of the risks of success
Senior executives from International Air Transport Association (IATA) member carriers have been warned that the industry's rapid growth contains the seeds of its own destruction by alienating passengers. Fatal-accident numbers are set to increase with traffic expansion, and congested airports will create misery unless the whole passenger-processing system is radically ...
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Gemini buys LTU MD-11s
Gemini Air Cargo is to purchase LTU's four Boeing MD-11s for conversion to freighters, to operate alongside its growing fleet of McDonnell Douglas DC-10-30s. The US-based all-cargo supplemental carrier has signed a letter of intent to purchase the four aircraft from LTU, with deliveries beginning at the end ...