All news – Page 7098
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China Eastern beats its 1996 profits forecast
China Eastern Airlines managed to post better-than-forecast profits for 1996, providing some good news in the wake of its February listing on the Hong Kong and New York stock exchanges. In its prospectus for the flotation (the first by a Chinese carrier), China Eastern had warned that declining ...
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City Bird boss hunts for new investors
Belgian entrepreneur Victor Hasson is seeking new investors for the recently launched City Bird long-haul airline, to reduce the controlling 58%share held by his City Hotels group. Hasson launched the City Bird concept in 1996, after selling control of EuroBelgian Airlines (EBA), the low-fare European carrier now operating ...
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Ryanair to float
Low-cost Irish carrier Ryanair is preparing for a public flotation, with listings on Irish and US markets later in May. Founder Tony Ryan and his family cut their stake in the airline in 1996 to just under 62% as part of a major ownership restructuring, with 20% going to US ...
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P&W to buy Howmet aerofoil repair plants
Pratt &Whitney has made a further move to build up its engine-maintenance business by agreeing to buy Howmet's aerofoil-refurbishment plants. The deal is expected to be complete within two months, and the Howmet plants will be integrated into P&W's Eagle Services unit. P&W aims to grow its repair ...
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Lufthansa plans cargo alliance
Lufthansa Cargo is to follow its parent airline into a global alliance as part of the plan to return the now independent freight business to profit. The partnership could be set up this year, and will be similar to the forthcoming passenger alliance of Air Canada, Lufthansa, SAS, ...
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Malev boosts share sale
The Hungarian Government is to sell off another 39%of Malev as the privatisation of the flag carrier goes into its second phase. Alitalia, which acquired 30%of Malev in the initial privatisation four years ago, may also have to sell its stake. The sale to Alitalia, and of another ...
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Australian airport sales get under way
The first phase of Australia's airport privatisation has been completed, with buyers named for Brisbane, Melbourne and Perth airports. Management will effectively be put in the hands of Dutch, UK and US airport operators. The A$3.3 billion ($2.6 billion) sale, which was almost A$1 billion ahead of Australian ...
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Brazil and Canada battle over aircraft support
A trade dispute is building up between Brazil and Canada over the level of state support going to their rival regional-jet manufacturers, Embraer and Bombardier. The dispute began in June 1996 with allegations from Canada that sales finance being provided by Brazil's PROEXexport agency for the Embraer EMB-145 ...
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Battle plans
IT SEEMS TO BE SHAPING UP into a battle of master-plans - and therefore one of cultures. On the one hand, there is the master- plan of the supra-national European commercial culture; on the other there is the master-plan of the super- national integrated French culture. The battle is for ...
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Joint-mission E-6B is delivered to Pentagon
RAYTHEON E-SYSTEMS has delivered the first E-6B joint services command and control aircraft to the US military. The TACAMO (Take Charge and Move Out) aircraft, an extensively modified Boeing 707, combines the functions of the US Air Force's EC-135C Airborne Command Post (ABNCP) and the US Navy's E-6A ...
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US Navy approves limited production of F414
The US Navy has awarded limited-production qualification to General Electric's F414 turbofan which powers the twin-engined McDonnell Douglas F-18E/F. The USN plans to buy 2,300 F414s by 2017, and exports could drive production up further. The USN approved low-rate initial production of 12 F-18E/Fs and 27 F414 powerplants ...
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F-16 Upgrade
Israel Aircraft Industries (IAI) is to use an Israeli air force Lockheed Martin F-16 as a prototype for an upgrade programme planned by the contractor. Export markets and the Israeli air force are the targets for the work. Source: Flight International
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P&W advances work on JSF turbine
PRATT&WHITNEYplans to run an advanced turbine for its Joint Strike Fighter (JSF) engine by the end of this month. The turbine, incorporating the company's Superblade/Supervane advanced cooling, will allow higher temperatures to increase thrust for the short-take-off/vertical-landing (STOVL)JSF, and will be tested in its CEASAR research engine. JSF ...
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Lynx faces Malaysian backlash
Growing Malaysian Government dissatisfaction with UK industry-supplied weapons is undermining efforts by GKN Westland to win a deal for Super Lynx naval helicopters. UK officials are becoming increasingly concerned that Malaysia might once again resort to a "buy-British-last" policy, unless problems with existing programmes are settled. Kuala Lumpur ...
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Litton wins
Litton Industries beat out two competitors in a competition to upgrade APR-39A radar-warning systems installed on Royal Norwegian Air Force Bell 412 helicopters. Under terms of a $3 million contract, Litton will provide 25 systems as well as support, training and software. The US firm manufactures the radar-warning receiver and ...
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US Government resists Thai bid to buy Popeye
The Royal Thai Air Force (RTAF) wants to purchase the Lockheed Martin/Rafael AGM-142 Popeye air-to-surface missile (ASM) for its Lockheed Martin F-16A/B and McDonnell Douglas F/18C/D fighters, but it is facing resistance from the US Government. According to US Government sources, Washington has asked Thailand to defer any ...
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French forces hit by Tiger delivery delays
Delivery of the last Franco-German Eurocopter Tiger anti-tank/support helicopter to the French armed forces is expected to suffer an 11-year delay, with delivery of the final helicopter not now expected until 2025, say programme managers. Signature of the production-investment contract, giving the go-ahead to gear up for production ...
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Mikhailov unseated
Aviastar has elected a new general director to replace Viktor Mikhailov, who was ousted by a group of local investors in the Ulyanosk aircraft factory. Gennadi Koradnev, formerly personnel director, has been elected as new general manager, although Mikhailov retains a non-executive directorship. Source: Flight International
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ALX goes Elbit
Elbit has signed the contract to develop mission avionics for the Brazilian air force Embraer ALX light attack aircraft, and will begin to supply the systems in 1998 (Flight International, 1-7 January). The Israeli avionics manufacturer will supply a suite including a central computer, multi-function liquid crystal displays, head-up displays ...