All news – Page 7017
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Unisource
Unisource Satellite Services, based in Hoofddorp, Netherlands, has appointed André van Baarle managing director and chairman of its affiliated companies in Europe. He was formerly director of corporate business implementation and, before that, held senior positions at Dutch multi-national company Philips Electronics. Source: Flight International
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Air livery
Frank Dodd has been named manager, corporate and executive aircraft at the UK's Southend Airport, not executive and commercial manager (Flight International, 25 June-1 July, P51). Source: Flight International
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Russian contracts
Hughes is negotiating the contract to build replacement satellites for Russia's ageing Gorizont fleet. The satellites will be HS-601 spacecraft. Alcatel will supply Russian company NPO PM of Krasnoyarsk, Siberia, with the communications payloads for three Express A satellites. The companies already co-operate on the SESAT communications satellite for Eutelsat. ...
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AAR has record year
US aviation parts and service supplier AAR posted record sales of $589 million for its financial year to the end of May. The company's sales figure was up by 17%, while net profits grew by 44%, to $23 million. Growth is expected to continue this year, helped by the recent ...
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BEA growth continues
Airline cabin-interiors specialist B/E Aerospace (BEA) confirms its return to health with record results for the first quarter to the end of end of May. Net sales were up 17%, to almost $114 million and net profits rose fivefold, to almost $7 million. The backlog grew by $105 million, to ...
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Improved prowler
The US Navy has begun flight testing a Northrop Grumman EA-6B electronic-warfare aircraft with upgraded flight-instrumentation and navigation aids, new radios and mission-computer enhancements. Source: Flight International
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Sino-German research
BMW Rolls-Royce has signed an agreement with the Chinese Gas Turbine Establishment and the German Aerospace Research Institute for research into high-pressure turbines. It will focus on the influence of blade design on the aerodynamic performance of high-pressure turbines in advanced jet engines. The results will be used for further ...
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Racal acquires Aerad
Racal Avionics has completed the purchase of Aerad, British Airways' ßight-documentation service. The UK company says that it has plans to expand the business, which will complement its own flight-management systems activities. Source: Flight International
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Air Algerie seeks bids
Air Algerie is seeking bids for the acquisition of up to nine short-to-medium range aircraft. The airline has invited manufacturers and leasing companies to provide offers for the lease of three 100-seaters and six 150-seaters. Source: Flight International
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New Japanese airport
Seven Japanese companies, in central Japan are proposing the construction of a new international off-shore airport, incorporating a 3,500m (10,000ft) runway to be owned and operated almost entirely by the private sector in Aichi Prefecture, site of the 2005 World Exposition. Source: Flight International
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Workshop
++ Virgin Atlantic Airways has signed a five-year contract with British Midland Engineering for maintenance checks on the airline's Airbus A340s and Boeing 747s at Heathrow Airport. ++ Saudia Arabian Airlines has agreed a deal with GAMCO for Ìve of the airline's Lockheed L-1011 TriStars to undergo US Federal Aviation ...
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AI(R) signs turboprop-leasing agreement
Aero International (Regional)has taken the first step towards establishing an aircraft-financing arm, signing an initial agreement with the Newcourt Credit Group to set up a turboprop-leasing operation. Under a memorandum of understanding signed at the Paris air show on 18 June, AI(R)will work with US finance house Newcourt ...
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Air Dolomiti reports first-ever profit
Marco Messalla/ROME Air Dolomiti has posted its first profits since start-up, setting up the north Italian regional carrier for its forthcoming share issue and for the expected order of three regional jets. The airline, which was founded in 1990, turned in an operating profit of L15 ...
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China Southern sets its sights on New York stock exchange
Paul Lewis/SINGAPORE China Southern Airlines has filed an application to list on the New York stock exchange, following a similar float by China Eastern Airlines earlier in the year and Hainan Airlines' more recent successful public offering on the Shanghai bourse. The Guangzhou-based carrier plans to ...
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Traffic and revenues expand at Lufthansa
Lufthansa fortunes are climbing steeply following traffic and revenue growth in the first half of 1997. Chairman Jürgen Weber says that the national carrier has achieved substantial growth in profit in the first half of this year compared with 1996 figures. Weber highlights particularly strong growth in the ...
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AVCORP on the prowl
Avcorp Industries, Canada's ambitious aerostructures group, has appointed Ernst &Young to advise on its acquisition strategy, with the aim of taking its revenues up from C$40 million ($29 million)in 1996 to C$100 million by 1998. The group forecasts that at least one acquisition will be in place by the end ...
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Coltec seats AMI
Coltec Industries has completed the acquisition of AMIIndustries, a manufacturer of cockpit and flight-attendant seats for Airbus and Boeing aircraft, based in Colorado Springs, Colorado. AMI expects revenues approaching $30 million in 1997. Source: Flight International
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Pulkovo commits to new-terminals investment
Pulkovo Air Transport, which runs airport and air services at St Petersburg, Russia, is planning a $280 million investment programme, including construction of new passenger and cargo terminals. The investment will be backed largely by a loan from the European Bank of Reconstruction and Development, possibly joined by ...
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Sabena cost-cutting begins to pay off
Sabena's push to cut costs has put it on course to break even in 1998 and return to profitability in 1999, says chief executive Paul Reutlinger. The expected recovery follows record losses of Bfr8.8 billion ($24.6 million) in 1996, caused partly by the Belgian flag carrier's restructuring programme. ...