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Aviation History
1980
1980 - 0865.PDF
FLIGHT International, IS March 1980 827 British Cargo Airlines goes into receivership but continues flying THE new UK scheduled cargo carrier British Cargo Airlines has been placed in the hands of a receiver, following losses of £800,000 in the first six months of operation (see Flight, Feb ruary 23, page 541). The airline's bankers, National Westminster, have appointed Alfred Davis of accountants Stoy Hayward and Company to act as British Cargo's receiver. The receiver states that he will continue to maintain British Cargo's operations, pending the outcome of investigations into the company's assets and liabilities. British Cargo currently has a contract with British Aerospace to deliver One-Eleven components to Romania in support of BAe's licence agreement (see page 852 in this issue of Flight). British Cargo's specialist divisions are not in receivership and continue to trade normally; they may even tually be sold by the receiver as going concerns. They are the airline's animal carriage and sea-air division; its freight forwarding subsidiary, IAS Cargo Services; IAS Exim Marketing and Finance and IAS Courier Ser vices. British Cargo Airlines was formed last year when IAS Air Cargo bought Transmeridian Air Cargo from Trafal gar House. In 1978-79, IAS made £3'4 million profit, and Transmeridian was losing £200,000 a month at the time of last year's merger. British Cargo's directors say that receivership was necessary because of rising fuel costs and severe price-cutting in the air cargo industry, which has slashed hopes of a return to profitability. Airliner market • Sir Peter Abeles, joint chief ex ecutive of Ansett Transport Industries (which owns Ansett Airlines), says that four Airbus A300s would cost the airline $200 million compared with $160 million for four Boeing 767s. Sir Peter and Rupert Murdoch, Ansett's other joint chief executive, are back in Australia after visiting Airbus and Boeing for presentations on the com petitors for Ansett's domestic wide- body choice. A decision is imminent. • Eastern Air Lines has ordered 16 Boeing 727-200s and become the second biggest customer for the type. Over the years, Eastern has ordered 167 727s from Boeing and has taken delivery of 141. Boeing's biggest 727 customer is United Airlines with 230 orders. The latest batch of Eastern 727s will be delivered between April 1981 and December 1982 and is worth more than $270 million. • Pan Am has ordered eight 727-200S from Boeing for use on internal Ger man services. Deliveries start in October 1981. Boeing has now sold .1,773 727s. • Hapag-Lloyd, the West German charter airline, has reportedly ordered six Boeing 737s, worth $75 million, and taken options on two 727 s. • Transcargo Airlines of Spain has taken delivery of a Boeing 707-321C on dry lease from Ronair for six months, with an option to purchase. The deal was arranged by UK aircraft brokers Lassair. • Pacific Southwest Airlines has ordered one McDonnell Douglas DC-9 Super 80, bringing its total buy of the type to 13 aircraft. Flight-testing of the Super 80 at the manufacturer's Yuma, Arizona facility has passed the 400hr mark. Three aircraft, including the first for Swissair and Austrian Airlines, have now flown a total of Construction of the Boeing 757 mockup at Renton is ahead of schedule and it is now structurally complete. Currently being installed are mockup systems such as hydraulics and flight controls Short hauls ... Short hauls... • US airlines may face criminal penalties for failing to supply the Civil Aeronautics Board or Federal Aviation Administration with required reports or for falsifying information. Transportation Secretary Neil Gold- 403hr in 214 flights. US certification is expected this summer and several test programme objectives have already been achieved. These include structural limits tests up to M0-87 at 35,000ft, wing and fuselage load tests, stability tests, stall tests, establish ment of noise levels, and calibration of the digital flight-control system and head-up display. Total Super 80 orders stand at 72 from 12 airlines. • Lauda Air, the Austrian charter airline, has one McDonnell Douglas DC-10-10CF on order for delivery in November this year. The source of Lauda Air's DC-10 is not known but the aircraft is probably being acquired from a US domestic carrier. Lauda Air currently operates two Fokker F.27s. D Malaysian Airline System is wet- leasing a DC-10-30CF from World Airways, for one year, from the end of this month. schmidt has placed a Bill before Con gress which increases the present civil penalty of a $1,000 fine for each violation to $25,000. Criminal fines ranging from $100 to $25,000, and one year in prison, are also proposed for such violations and for breaches of safety regulations. The Bill has been introduced at the request of FAA Administrator Langhorne Bond, who says that the present civil limit of $1,000 is "an inadequate deterrent." • El AI, the Israeli flag carrier, was nearly closed down by the Govern ment last year, says Avraham Shavit, • the airline's chairman. He was ap pointed chairman last year with in structions to take any measures required to cut mounting financial losses, or to close down operations. He is cutting staff from 6,000 to 4,500, reducing salaries by amounts ranging from 3 per cent to 20 per cent, and introducing radical changes in work ing practices. For example, El Al pilots have agreed to fly Tel Aviv- Montreal services on to New York with the same transatlantic crew rather than using a fresh crew to fly the 80-mile Montreal-New York leg. Shavit says that El A] will break even this year.
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