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Aviation History
1971
1971 - 2064.PDF
560 AIR TRANSPORT. FLIGHT International, 7 Oclober 1971 Latest acquisition of Cathay Pacific, which celebrated its 25th anniversary at the end of last month, is this 707-320B, seen in the airline's new livery, taking off from Hong Kong. Deputy chairman John Bremridge takes the view that new equipment cannot be bought purely for prestige purposes. The only prestige the airline wants is "black ink in our balance sheet," he said recently industry, which has also been approved by the Government. The development of Stol types was first discussed at Government level in Italy early in 1969. A-300B PROGRAMME REVISION TOTAL cost of the Franco-German A-300B programme up to full production flow in 1975 is expected to be just over £600 million. This is of the same order of magnitude as the programme costs of the Airbus's American rivals, the McDonnell Douglas DC-10 and Lockheed TriStar (excluding their engines). A lobby in the German Parliament and Government is apparently leaking information about cost increases, which may come as a surprise to members of the Bonn Parliament who had been thinking of the programme in terms of its R&D costs only, that is to say just over £100 million for the German share. A leader of the anti-Airbus lobby in the Bonn Cabinet is Prof Leussinck, the Minister of Science and Education, who wants priority for the VFW 614 (into which an addi tional £15 million has recently been injected by the Germans) and space projects as well as for new schools and universities. Germany's "break-off" cost under the contract is estimated to be £190 million. The estimated research and development cost of the A-300B-1, including six airframes for flight and ground test, up to and including certification of this version, was £209 million. The figures vary below and above this, depending on what is included; the price is in 1968 money values and does not include inflation: — £76 million £ 8-5 million £84-5 million £84-5 million £13 million German Government German industry (Deutsche Airbus) Total German commitment French Government Netherlands Government Hawker Siddeley (guaranteed by the German Government) Prototypes £13 million £14 million Total £209 0 million Additional money is now required for developing the B-3 and stretched B-7 versions. The B-3 R&D cost is esti mated to be about 13 per cent of the overall total, say £27 million. Reliable German sources quote the develop ment cost of the B-3 and B-7 together as £76 million. In round figures, therefore, total R&D for the B-l and B-3 is just under £240 million. To this has of course to be added the cost of production financing. This includes full tooling, materials, learning and work-in-progress. This money will be raised in different ways in France and Germany. In general it will not come from government treasuries; the governments are being asked to underwrite the risks. The German figure is £275 million. An Airbus Industrie spokesman said last weekend that the French figure would be about 70 per cent of that, say £190 million. Information from German sources that an additional very large sum— about £275 million—for "marketing costs" is required, was dismissed by the spokesman as nonsense. Total cost of the A-300B programme thus amounts to about £607 million. This sum is repayable over the expected 20-year production life of the aircraft. lata in Honolulu The 27th annual general meeting of lata will be held in Honolulu from November 15 to 18. Floyd D. Hall, chairman and chief executive of Eastern, will take over the presidency. SAS Investment SAS plans call for spending $600 million on new aircraft over the next ten years, with another $120 million to go on ground equipment. Annual growth rate would slow from 12 per cent to 6 per cent, according to Mr Knut Hagrup, president of the airline. The first Aerospace Lines Guppy 201 outsize Stratocruiser conversion was handed over to Airbus Industrie, the A-300B management organ isation, at Toulouse on September 29. It will be operated for the Airbus consortium by the UTA subsidiary, Aeromaritime, to transport sections of the A-300B to Toulouse from Germany, Great Britain and the Netherlands. UTA also has had plans to use the aircraft on ad hoc charter work
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