All news – Page 7342
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Indian courts resolve Skyline leasing wrangle
Andrew Chuter/LONDON US LEASING COMPANY PLM International has failed in a legal action to have Indian carrier Skyline NEPC, return two Boeing 737-200s, which it has on lease. The Bombay court has ordered the airline to pay arrears, which have accrued from non-payment of leases since late ...
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Business Express attracts interest, despite bankruptcy
SAAB AIRCRAFT, which forced Business Express into bankruptcy court early this year over a $20 million debt, "-has been approached by parties interested in taking over the regional airline", says Michael Magnusson, Saab's senior US-based sales executive. "We are confident that someone will take it over. A couple ...
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American attacks United's 'hypocrisy'
AMERICAN AIRLINES (AA) says that rival carrier United Airlines is "hypocritical and unprincipled" in its position on international airline alliances. The airline's comments were contained in a Department of Transportation filing over United's request for anti-trust immunity to allow it to pursue a marketing pact with Air Canada. ...
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Chinese missile
Dragonair of Hong Kong has been charged with illegally transporting air-to-air missile components in the hold of one of its aircraft. The shipment was reportedly en route from Beijing to Israel, via Hong Kong, where it was stopped by Customs. The 910kg consignment included two cylindrical bodies, two fin assemblies, ...
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Alfa purchase gives Fiat control of Italy's aero-engine business
Julian Moxon/PARIS FIAT HAS acquired the bulk of Alfa Romeo Avio, in a move, which consolidates virtually all of Italy's aero-engine industry within the giant automotive group. The move follows a decision by Italian state-owned aerospace group Finmeccanica to sell its 77.5% stake in the Alfa ...
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IATA plans trial flights over North Korea
Paul Lewis/SINGAPORE THE INTERNATIONAL Air Transport Association (IATA) expects to conduct the first trials of international flights through North Korean airspace by October, following agreement with Pyongyang to open up its flight-information region (FIR). IATA hopes that the proving flights will lead to new air ...
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Japan'sOH-X takes off
JAPAN'S first indigenously designed military helicopter, the Kawasaki OH-X scout, had its maiden flight at Gifu on 6 August. The tandem-seat prototype flew for about 16min, reaching a maximum speed of 30kt (55km/h) and 33ft (10m) altitude. "The condition of the first flight was very close to the simulation. The ...
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Cathay profits, despite tough half-year
CATHAY PACIFIC Airways produced a respectable rise in profits over the first half of the year, despite restrained growth and some pressure on costs. Hong Kong Aircraft Engineering (HAECO), the Hong Kong carrier's sister company within the Swire Group, saw profits dip again, however. Financial analysts are ...
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Lockheed Martin and Rafael link on Popeye manufacture
A JOINT COMPANY has been formed by Lockheed Martin and Rafael to manufacture the Popeye/AGM-142 air-to-ground missile and other precision-guided weapon systems. PGSUS (Precision Guided Systems US) will be based in Orlando, Florida, with the partners each taking a 50% share. Lockheed Martin has been Rafael's ...
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TAM to buy LAPSA
Fast-growing Brazilian domestic carrier TAM is to take over Paraguayan airline Lapsa, allowing it to start international operations. The acquisition, which is due to go ahead by September, will allow TAM to operate on routes to the USA and Europe as well as within South America from the base in ...
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Boeing 'flies' first 737-700 wing
THE FIRST WING FOR THE BOEING 737-700 has been transferred from its tooling to the next manufacturing position at Boeing's Renton factory, near Seattle, Washington. Later this year, the No 1 (left) wing structure and its opposite number will be attached to the first 737-700 fuselage, which is being produced ...
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KLM suffers setback as costs increase
KLM has worried financial markets with an unexpectedly poor set of first-quarter figures, revealing a steep rise in costs and further bad news from its cargo operations. Attention has focused on a drop in the Dutch carrier's operating profits, which slumped by half over the quarter to the end of ...
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India plans six satellite launches before 2000
SIX INDIAN-BUILT satellites, will be launched by 2000 says the country's Ministry for Science and Technology. The Insat 2D and 2E communications/meteorological satellites, will be launched by Ariane 4s before the end of 1997, while the Indian remote sensing satellites the IRS 1D and P4, will be launched on national ...
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FBI agents raid SabreTech premises
US FEDERAL BUREAU of Investigation (FBI) agents have raided Miami-based SabreTech, maintenance contractor to ValuJet and alleged to be implicated in the cause of the 11 May crash, seizing company documents. FBI officials will not discuss the reasons for the search. Meanwhile, Lewis Jordan, president of grounded ValuJet, ...
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Leaked figures lead to suspension of Lauda Air shares
Shares in Lauda Air were suspended on the Vienna stock exchange after a bank official prematurely released first-half financial figures showing a sharp increase in first-half losses. Following the leak on 6 August, shareholders fought to sell off Lauda shares ahead of the official announcement, which was brought ...
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Lufthansa Technik warns against maintenance monopoly dangers
Andrzej Jeziorski/MUNICH LUFTHANSA TECHNIK (LHT) chairman Wolfgang Mayrhuber has criticised manufacturers which offer their own maintenance packages for aircraft and aero engines. LHT says that aircraft and engine manufacturers are increasingly attempting to "-elbow their way" into the maintenance and overhaul market and restrict current ...
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Michot will take over as Aerospatiale president
Julian Moxon/PARIS YVES MICHOT has been appointed to replace Louis Gallois as president of France's Aerospatiale. The move has been welcomed by observers of the French aerospace industry, as the state-owned giant prepares for further integration with the European aerospace industry. Michot joined Aerospatiale in ...
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Thailand plans to dim Star of Siam satellite programme
THE THAI defence ministry plans to shelve its controversial Star of Siam satellite programme, in an effort to counter calls for large cuts to be made in the military's equipment budget. According to Thai defence minister Chavalit Yongchaiyudh, the 28 billion baht ($1.1 billion) project will be ...
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USAF punishes 16 for CT-43 disaster flight
THE US AIR FORCE, has disciplined two generals and 14 other lower-ranking servicemen, for their roles in the 3 April Boeing CT-43A crash in Croatia, which killed US Commerce Secretary Ronald Brown and 34 others. It is understood that the flight should not have been conducted, since USAF ...
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Eurofighter tops defence cost-escalation list in UK
Andrew Doyle and Kevin O'Toole/LONDON THE UK'S SHARE of the Eurofighter EF2000 combat-aircraft programme is now £1.25 billion ($1.94 billion) over budget and three years behind schedule, according to figures from the UK Government's spending watchdog. The mounting costs of the programme are detailed in ...