All news – Page 7240
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Low-cost Air South files for Chapter 11 bankruptcy protection
Air South has become the latest of the low-fare US start-ups to run into trouble, filing for Chapter 11 bankruptcy protection at the end of August, just days after its third anniversary. The carrier was forced to suspend operations and ground its leased fleet of seven Boeing 737-200s, ...
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Air New Zealand looks to alliances to boost profits
Paul Phelan/CAIRNSKevin O'Toole/LONDON Air New Zealand (ANZ)is looking for benefits from its alliance strategy, including closer ties with newly acquired Ansett Australia, to help lift profits this year after posting a major slump in its results for 1996/7. Over the next year, the airline plans to ...
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Taiwanese tourists boost CAL
Kevin O'Toole/LONDON A return in confidence among Taiwanese travellers has lifted profits at China Airlines (CAL)over the first half of 1997, and the airline expects better to come during the rest of the year, which includes Taiwan's peak holiday season. CAL posted pre-tax profits of nearly ...
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ML Group bows out of aviation industry with sale to Cobham
The UK's ML group is quitting aviation, with the sale of its aerospace and marine division to the acquisitive Cobham, formerly the FR Group. The £37 million ($23.1 million) acquisition brings with it the Slingsby name and a niche business in weapons-release equipment. ML Aviation, a major European ...
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Lufthansa sells off Hapag Lloyd
German national airline Lufthansa has sold its 17.95% stake in travel and tourism firm Hapag Lloyd to Preussag, in the run-up to the creation of a new travel conglomerate in partnership with tour operator NUR. Lufthansa says that its decision to sell the stake, already agreed by the ...
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GE gets Greenwich
General Electric completed its $530 million acquisition of Greenwich Air Services, as promised on 2 September, but is still waiting for a vote by UNC shareholders on whether to join the engine maintenance giant. That vote is expected this month. Source: Flight International
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Lufthansa share sale
The German Government has set in motion the final phase of privatisation for Lufthansa, with the sale of its remaining 37.5%due to take place on 11-12 October. The offer, which is expected to raise around DM5 billion ($2.8 billion), is aimed primarily, but not exclusively, at German investors. ...
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Thai profits fall
PROFITS AT Thai Airways were almost halved over the latest quarter to the end of June, as it counted the cost of a massive increase in salary bills, and the continued impact of fuel price rises. Pre-tax profits slumped to just under Baht413 million ($12 million) over the ...
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Back to business
Europe's aerospace executives left for their summer break amid the high drama of the European Commission threatening a trade war over the Boeing/McDonnell Douglas merger. As they now return to their boardrooms, the drama is over and the temptation is to enjoy the calm. It is a temptation which they ...
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Boeing beats Boeing for USN contract
A new version of the Boeing 737-700 has been selected over the Boeing MD-90-30ER to replace the US Navy's McDonnell Douglas C-9s. Boeing was awarded an initial $111 million for two aircraft, to be delivered by December 2001. The company could replace up to 27 C-9Bs operated by ...
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US Army wants Bird Dog UAV to be manned best friend
Ramon Lopez/Fort Eustis The US Army has "re-focused" its Bird Dog unmanned-air-vehicle (UAV) project to demonstrate the capability of advanced manned and unmanned systems to function together effectively on the battlefield. While the Bird Dog project was geared to developing a small, intelligent and fully autonomous ...
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Racal-Thorn on Astor
The Raytheon team has selected Racal-Thorn of Wells, UK, to supply the mission-support system (MSS) for its proposal for the UK armed forces' Airborne Stand-Off Radar (ASTOR) programme, based on the Bombardier Global Express. The MSS will provide a central resource of meteorological and situational-awareness data for mission planning. ...
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Air Power to Bahrain
The US Department of Defense is to send a 20-aircraft Air Expeditionary Force to Bahrain in October to support Operation Southern Watch, the US-led effort to enforce the no-fly-zone over Iraq. The 366th Air Expeditionary Wing will be deployed with fighters from the 366th Wing of Mountain Home AFB, Idaho. ...
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GEC steps up Il-76 AEW efforts
Paul Lewis/BEIJING GEC-Marconi is stepping up efforts to obtain an Ilyushin Il-76 transport from Russia to modify as an airborne-early-warning (AEW) aircraft for China in the face of Israel Aircraft Industries' (IAI's) recent success in acquiring a similar platform for its rival Phalcon radar. It is ...
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Russia welcomes arms delegations
Russia played host to arms delegations from Indonesia and Greece in late August as the country steps up its activities in the defence-exports market. An Indonesian delegation, headed by minister for national development and planning Gunandjar Kartasasmita, visited Moscow to talk to Russian minister of economics Yakov Urinson ...
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Boeing rolls out model of Space Maneuver Vehicle
Guy Norris/LOS ANGELES Boeing and the US Air Force's Phillips Laboratory have rolled out a 90%-scale test version of the Space Maneuver Vehicle (SMV) at the former Rockwell site in Seal Beach, California. The SMV is now being prepared for flight tests in November at Holloman AFB, New ...
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Racal-Thorn wins Lockheed Martin decoy work
Martin Streetly/LONDON Lockheed Martin has awarded Racal-Thorn Defence a contract worth more than £10 million ($16.6 million) to develop and fabricate a radio-frequency countermeasures-techniques generator for use with a Raytheon E-Systems fibre-optic towed decoy to be carried by the UK's British Aerospace Nimrod 2000 maritime-patrol aircraft. ...
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Into the limelight
Despite the loss of the first prototype, Beriev's Be-103 shows great promise Paul Duffy/TAGANROG Of the ten major ex-Soviet design bureaux, perhaps the least known to the outside world is Beriev. There are two main reasons for this. Firstly, Beriev is based in Taganrog, a ...
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Eastern rising
EVA Airways of Taiwan has achieved formidable progress in six years Brent Hannon/TAIPEI EVA Airways, launched with little fanfare in mid-1991, today boasts a fleet of 30, a route network which extends to London, New York and Panama City, and a balance sheet which shows ...
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Flight-test express
Lessons learned from flight testing the Learjet 45 are beneÌting the Global Express Graham Warwick/MONTREAL Bombardier's Wichita, Kansas, flight-test centre is busy, with certification testing of the Global Express gathering pace as that for the Learjet 45 light business-jet winds down. Testing of ...