All news – Page 6995
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Dolimiti shares
Air Dolimiti, the Italian airline and Lufthansa partner, has gone ahead with its new share issue, which puts 25%of the company into the hands of three financial institutions. The Leali family still controls the rest of the airline. The share and accompanying bond issues raised L16 billion ($9 million), which ...
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ValuJet optimistic
ValuJet ended the second quarter with a net loss of $9.2 billion, slightly less than for the same period a year ago during which it had to suspend operations. Load factors continued to rise, reaching close to 55% although average fares are down by around 20%on a year ago. ValuJet, ...
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Float raises $631M
China Southern Airlines' initial public offer on the New York and Hong Kong stock exchanges raised $631 million, in what represents the largest single float of a Chinese airline stock to date. The offering, representing around 32% of the carrier, was sold at the upper end of the target range ...
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Georgia modernisation
Northrop Grumman will modernise the air-traffic-control system of Georgia under a $16 million contract. The financing is being guaranteed by the US Export-Import Bank, the first for Georgia, which plans to repay the loan through revenue generated by overflight fees. Equipment to be provided includes two monopulse secondary surveillance radars ...
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Cathay retrenches
Cathay Pacific Airways is to make 350 staff redundant, as a result of a planned move to Hong Kong's new airport. The redundancies are mainly in ancillary-service areas, which will disappear with the closure of Cathay's site at Kai Tak Airport in 1998. Source: Flight International
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Singapore signs
Singapore and India have signed a new bilateral air-services agreement, increasing capacity between the two countries by 40%, equivalent to six extra Boeing 747 weekly frequencies. It gives Singapore Airlines access to Trivandrum, in southern India, and allows Indian carriers to operate via Singapore to New Zealand, Australia and three ...
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-as China Eastern leases ten A320s
Paul Lewis/Singapore China Eastern Airlines is set to lease its Ìrst ten Airbus Industrie A320s, giving the European consortium another major new inroad into the fast-developing Chinese air-transport market . The Shanghai-based international carrier intends to replace its ßeet of ten Fokker 100s with the larger A320s, while deferring an ...
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737-800 takes to the air for seven months of flight testing
The first Boeing 737-800 made a successful 3h 5min-long maiden flight from the company's Renton production site in Washington on 31 July. The 39.5m-long -800 is the second of the Next Generation family to be flown. Boeing test pilots, Capts Mike Hewett and Jim McRoberts, report "a flawless flight", which ...
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A risky business
The Mir's troubles are only to be expected in the course of manned spaceflight Tim Furniss/KENNEDY SPACE CENTER By 7 August, Russia's Soyuz TM26 should have arrived at the troubled Mir space station. It will be a member of the next mission to the Mir who will be ...
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AGM-130 succeeds in hard-target testing from F-15
THEBUNKER-BUSTING capability of the Boeing (formerly Rockwell)AGM-130 stand-off weapon has been demonstrated in a high-altitude, steep-attack, launch from a USAir Force McDonnell Douglas F-15E. The AGM-130, with the BLU-109/B hard-target-penetrator warhead, imaging-infra-red seeker and global-positioning-system guidance, was launched at 5,000ft (1,500m) and climbed to 10,000ft before pitching over to attack ...
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Air Littoral ATR crashes in Florence
One of Air Littoral's fleet of 15 Aero International (Regional) ATR 42-500s crashed just short of a motorway on 30 July after running off the runway during a landing at Florence's Peretola Airport in Italy. The aircraft, on a service from Nice, France, crashed through a perimeter fence and into ...
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Air UK considers options in fleet-expansion strategy
Max Kingsley-Jones/LONDON Air UK expects to finalise its fleet-expansion strategy in the coming months in a move which could see the airline selecting a new 60- to 80-seat aircraft to slot in between its 50-seat Fokker 50s and 99-seat Fokker 100s. Philip Chapman, Air UK's director ...
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Airbus lands first A340-500/600 deals
Max Kingsley-Jones/London Airbus has taken an important step towards a full programme launch for the A340-500/600 growth versions by securing commitments from two major airlines for the aircraft. Air Canada plans to take the types as part of a major A330/A340 deal, while Virgin Atlantic aims to become ...
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Bristol
Alan Davies has become engineering manager at the UK's Bristol International Airport, to oversee construction of the new terminal building. He was previously senior project manager at London Gatwick and Heathrow, and has also worked at London Stansted and Scottish airports. Source: Flight International
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Asians seek longer ranges from Airbus and Boeing
Paul Lewis/SINGAPORE Potential Asia-Pacific launch customers for Airbus Industrie's planned A340-500/600 growth derivatives are pressing the European consortium for a higher maximum take-off weight (MTOW) and improved payload and range performance. Airbus is targeting Singapore Airlines (SIA) and Cathay Pacific to place Asian launch orders for ...
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Australia plans to re-engine RAAF F-111C fleet
The Royal Australian Air Force (RAAF) plans to re-engine its fleet of 21 General Dynamics F-111Cs, replacing the Pratt & Whitney TF30-P-103 engines of 82kN (18,500lb) thrust with the TF30-P-109RA variant providing 93kN thrust through improved mass flow and higher operating temperatures. The RAAF says that the decision ...
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Australian bidding
Metric Systems has teamed with Aerospace Technical Services, Advanced Systems and FAAC of the USA to bid for the air-combat training system contract for the Royal Australian Air Force. The requirement includes installation of air-combat manoeuvring instrumentation at the RAAF's bombing ranges. Source: Flight International
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Avions Mundry take-over formalised
A year after entering bankruptcy proceedings, French general-aviation manufacturer Avions Mudry has been taken over formally by Aeronautique Service, owner of Dijon-based Avions Pierre Robin. Mudry has been in difficulty since 1994, when for budgetary reasons the Government decided against further purchases of its trainers. A fire later ...
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Avsat 6000 is approved
Rockwell Collins' Avsat 6000 satellite-based navigation system has been certificated on the Canadair Challenger 604 business jet. The installation consists of an FMS-6000 flight-management system and GPS-4000 global-positioning system, integrated with Collins Pro Line 4 avionics. Source: Flight International
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BA considers move in low-fare market
Max Kingsley-Jones/LONDON British Airways is studying a move which could see it proceed in the low-fare market against new "no-frills" rivals such as easyJet and Debonair. The airline, which is already seeking to cut costs by £1 billion ($1.7 billion) over the next three years, has ...