News Listings for Fort Wayne International

  • Mergers

    News | 09 May 2000 00:00

    The Chelton subsidiary of the UK's Cobham Group has expanded its avionics business, completing the acquisition of BAE Systems' radome division - renaming it Chelton Radomes - for £5 million ($7.8 million), making it Europe's biggest radome specialist. It has also bought search and rescue specialist Halleria of South Africa for £400,000. Cobham has, meanwhile, completed the purchase of Australian specialist flight operations business NJS, while its Flight Refuelling unit has sold ML Lifeguard Equipment to Wardle Storeys for £2.7 million. Lufthansa Commercial Holding has taken a 10% stake in wholesale air cargo Internet marketplace Global Freight Exchange, which launched in 1998. Russia's Kaskol Group has taken a 16% stake in outsize cargo specialist Volga-Dnepr, buying 10% from the Ukrainian property fund and the rest from Russian investors. Defence electronics group EDO's Acquisition III subsidiary has merged with AIL Technologies, a niche electronics specialist, creating an integr
  • FAA gets creative with airport improvement

    News | 11 Sep 1998 21:03 | Paul Richfield

    <BODY LINK="#0000ff" VLINK="#800080"> <P>The US FAA has allocated nearly $9 million to improve five airports under a non-traditional financing scheme.</P> <P>Authorized in 1996, the Innovative Financing Demonstration (IFD) program is designed to "help leverage greater investment by the airport and the private sector, reduce costs and bring projects to completion more quickly," the FAA says.</P> <P>The five projects include:</P> <UL> <LI>$1.5 million for terminal and ramp construction at Craven County Airport in New Bern, North Carolina. </LI> <LI>$2.5 million for runway repairs at Springfield Capital Airport in Springfield, Illinois. </LI> <LI>$2.5 million for construction of a cargo ramp at Fort Wayne International Airport in Fort Wayne, Indiana. </LI> <LI>$0.6 million for a runway extension at Connersville Airport, Connersville, Indiana. </LI> <LI>$1.7 million for terminal repairs at Palm Springs Regional Airport, Palm Springs, California.</LI></UL> <P>To qualify for