All news – Page 6932
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S Africa hunts for investor to assist airport privatisation
South Africa is continuing its privatisation programme with the search for an international airport investor to kick off the sale of the country's state-owned airport-management company. Minister of Transport Mac Maharaj says that plans have been agreed for the sale of an initial 49%of the Airports Company South ...
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Airbus transformation progresses
The process of transforming Airbus Industrie into a fully fledged company is back on track, with a joint statement from the four consortium partners that they now plan to see the new structure in place by the start of 1999. The partners confirm that they will work towards ...
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Air China steps towards 1998 listing
Air China has begun the first steps towards a public flotation in 1998, becoming the last of the mainland China's big three carriers to go for a listing following successful launches by China Southern and China Eastern in New York and Hong Kong. According to China's state-run media, ...
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City Bird aims to raise new cash from public listing
City Bird, Belgium's low-cost start-up airline, aims to raise $40 million from a public listing to help fund ambitious expansion plans designed to make it the "major long-haul operator" from its base at Brussels Airport. The airline began operations in March with a Boeing MD-11, targeting long-haul scheduled ...
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Government sells Lufthansa stake
The German Government completed the sale of its remaining 37.5% stake in Lufthansa on 13 October, in what was the second biggest privatisation in the country's history. Lufthansa says that the offering was twice oversubscribed, with purchasers mostly buying at the fixed price of DM33.30 ($19) a share. ...
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Iberia Rises
Iberia's pre-tax profits grew by close to 25%over the first nine months of this year to reach Ptas20.7 billion ($138 million) and president Xavier de Irala predicts a pre-tax return of around Ptas8 billion for the full year. Despite the rise, Iberia saw a slight drop at operating level as ...
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Grand plan?
The Thomson-CSF privatisation gave Lionel Jospin's new French Government a tailor-made opportunity to show its commitment to European aerospace restructuring. It flunked the chance. Instead it seems to have made a narrow national decision, which stands to do as much harm as good for the cause of European integration. ...
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USN/USMC team pinpoints F-18 'falling leaf' rescue manoeuvre
A combined US Navy and Marine Corps test team has identified the warning signs which will help pilots of Boeing F/A-18s avoid the danger of losing the aircraft during a "falling-leaf" departure from controlled flight. The team estimates that at least eight F/A-18s have crashed because of this ...
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GAO says that DoD should scale back aircraft purchases
The US General Accounting Office (GAO) says that the US Department of Defense cannot afford to buy or upgrade nearly 8,500 aircraft at a cost of $335 billion between 2000 and 2015, and that it should be more realistic about what it can afford. "The DoD needs to ...
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Tornado storms on until 2018
The Royal Air Force will run its Panavia Tornado GR4 fleet until 2018, indicating that procurement of its replacement, the Future Offensive Air System (FOAS), is slipping. The RAF had been working toward procurement of the FOAS and replacement of the Tornado GR4 by 2013-15, but industry and ...
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Congress bolstersUSArmy Chinook upgrade
The US Congress has provided a fillip to the US Army's a ambitions to upgrade at least 300 aging Boeing CH-47D Chinook transport helicopters, by providing additional funding for the project in its proposals for the 1998 budget. A planned $29 million request from the army for the ...
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Dutch begin IRIS-T F-16 trials
The Royal Netherlands Air Force has begun evaluation flight-testing an IRIS-T short-range high-agility air-to-air missile (AAM) seeker coupled with a helmet-mounted sight. The tests are part of an air force evaluation programme intended to lead to the procurement of a replacement for its AIM-9 Sidewinder dogfight AAMs as ...
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JASSM flight tests set for Edwards AFB
Lockheed Martin's submission for the US Department of Defense's Joint Air-to-Air Surface Standoff Missile (JASSM) contest will soon undergo "captive-carry" flight testing at Edwards Air Force Base, California. Lockheed Martin and Boeing, which are competing to provide the US Air Force and US Navy with as many as ...
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K-8 goes on tour
China has been promoting its Nanchang K-8 Karakorum jet trainer in Africa, with countries such as Eritrea and Zambia believed to be interested in the aircraft. A K-8 painted in China National Aero-Technology Import and Export Corporation colours, probably aircraft number 206, was seen at Nairobi airport in Kenya in ...
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Hughes imaging award
Hughes Aircraft has been awarded a $12.5 million US Army contract to develop advanced technologies for ballistic-missile-defence imaging sensors. The company's Sensors and Com- munications Systems division is to develop technologies needed for more compact signal-processing electronics through the Advanced Sensor Data Compression and Processing programme. Source: Flight ...
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Outrider is grounded pending accident probe
Contractor testing of the Alliant Techsystems Outrider tactical unmanned air vehicle (UAV) has been suspended pending completion of an investigation into the crash of a prototype during a flight evaluation on 15 October at Hondo, Texas. It was the final test of the UAV with the McCulloch 4318F ...
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Turkey eyes Phalcon for AEW requirement
The Turkish air force has evaluated the Elta Phalcon airborne-early-warning (AEW) aircraft, and has asked for detailed proposals for the purchase of up to four aircraft. The service has been briefed on the Phalcon and, according to some Israeli sources, it had a chance to evaluate its capabilities ...
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UK contracts out helicopter training
In what is the first major contract awarded under the UK Ministry of Defence's Private Finance Initiative, the Royal Air Force is to farm out aircrew training for its fleet of medium-support helicopters to CVS Aircrew Training, which is a consortium of CAE Electronics of Canada and UK companies Vega ...
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New Zealand air force delays CT4 upgrade plans
New Zealand has delayed plans to upgrade the Royal New Zealand Air Force's (RNZAF) CT4B primary-trainer fleet by replacing its 17 155kW (210hp) trainers with the later 225kW CT4E variant. The RNZAF has instead named the CT4's manufacturer, Hamilton-based Pacific Aerospace (PACL), as preferred tenderer for all levels ...
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Italian defence budget favours procurement
The Italian defence ministry has attempted to ring-fence key procurements in its planned 1998 budget, with personnel cuts and shorter tour lengths preferred to cutting acquisition projects. Funding for the Eurofighter EF2000 is set at L1.169 billion ($678 million), out of a total defence budget of L31,000 billion. ...