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Aviation History
2001
2001 - 0114.PDF
£JUSj]f]£DZ PEOPLE ++ Stephen Henwood has been appointed group managing direc tor (MD) of the BAE Systems Programmes group, covering 10 businesses including Eurofighter, Hawk and Tornado aircraft and Type 45 destroyers. He was previ ously MDof BAE's Royal Ordnance subsidiary. Ian King becomes group MD customer solutions and support, Terry Morgan group MD operations, Rod Leggetter direc tor procurement and IT, Alison Wood director group strategy, Robin Southwell group MD Western Europe, Australasia and Eurofighter marketing, Tony Rice group MD of Ventures (launched to exploit BAE intellectual property beyond the defence and aero space markets) and Mike O'Callaghan MD of Aircraft Ser vices Group, created from the merger of Aviation Services and Regional Aircraft. ++ Terry Twigger becomes chief executive (CEO) of UK aerospace supplier Meggitt on 25 January. Previously finance director, he succeeds Mike Stacey, who becomes non executive chairman. Richard Greaves, Aerospace Systems MD, joins the board. ++ BF-Good- rich has appointed Ronald Hodges as president, Space and Electro-Optical Systems, with annual sales of $200 million fol lowing the Raytheon Optical Systems buy. Jerry Witowski succeeds Hodges as president of the Aircraft Sensors division. ++ Hugh Parry has been appointed group MD of British World Airlines parent BWA. ++• Teledyne Tech nologies president and CEO Robert Mehrabian has also been appointed chairman of the Los Angeles-based company. ++ Thales (formerly Thomson-CSF) has appointed John Hughes CEO, Information Technology & Ser vices. Hewasformerlywith Lucent Technologies. Paul Khan has been made MD, Thales Acoustics. ++ Finnair has appointed a Group Management Team. New faces include Jarmo Vilenius, senior VP, technical, Kari Palomaki, senior VP, ground operations, and Mikko Kuntola, VP cargo. Upward trend in cost of hull and liability losses continues DAVID LEARMOUNT/LONDON AIRLINE HULL and liability losses worldwide totalled S1.9 billion lastyear, according to initial "estimates by UK-based interna tional insurance loss adjuster Airclaims. The figure is in line with a steady upward trend from $500 million in 1980, although it is only marginally above that for 1999. Airclaims estimates major liabil ity losses at $735 million in 2000, against a peak of $1.07 billion in 1996, when the figure was inflated by the mid-air explosion off Long Island, New York, of aTrans World Airlines Boeing 747 (liabilities are exceptionally high for US losses). The cost of major hull losses is put at $848 million, down from just over $1 billion the previous year. The figure, nevertheless, is only a small blip in a general upward trend in hull losses, which have risen from just over $200 million in 1980. Last year saw 23 fatal accidents involving passengers on revenue Total airline hull & liability costs 1980-2000 FLIGHT 2,500 2,000 ~~\—i—i—r-1980 82 84 Source: Airclaims —i—i—r~ 86 88 90 —I—I—I—I—I—I—I—I—I— 92 94 96 98 00 ~i—i—r- 02 04 flights in aircraft with over 15 seats (excluding Aeroflot and former Aeroflot carriers), say Airclaims, up from 20 in 1999, confirming that the trend towards a reduction in fatal accident numbers is slowing. Passenger fatalities, at 1,010, were nearly double those in 1999, although the figure remains.below the annual average for the 1990s as a whole. The risk to individual pas sengers on Western-built jets in 2000 remained at less than 0.4 fatalities per million air travellers. • THY majority stake up for sale TURKEY'S Privatisation Administration (OIB) has called for bids for the purchase of a 51% stake in flag carrier THY Turkish Airlines. Offers must be submitted by 2 8 February, and OIB aims to complete the sale by April. The Algerian Government has started a similar process. Foreign investors may bid for a maximum24% share in THY, with the majority of the 51 % stake ear marked for Turkish companies. International and local companies are expected to bid in partnership, according to the Middle East Economic Digest. The Turkish Government, which now owns 98% of THY, is also expected to float a proportion of its holding in an initial public offering before the end of die year. Following the IPO the state will retain a 'golden share', one seat on the seven-member board and cer tain ownership rights. OIB is being advised on the sale by Credit Suisse First Boston and local company Yapi Kredi Yatirim. • The Algerian Government has invited expressions of interest by 15 January for a consulting con tract to advise on the possible pri vatisation of flag carrier Air Algerie. The successful bidder will study the carrier's financial posi tion and recommend strategies for offering shares to private investors. Air Algerie is one of several state assets targeted for privatisation, the World Bank having lent Algeria $5 million last June to assist in the process. The carrier is undergoing a fleet renewal programme - ordering three Boeing 737-600s and six Boeing 737-800s in July 1998, of which four aircraft have already been delivered. • Ansett nudges ahead in Hazelton bidding THE BIDDrNG war between Qantas and Australian rival Ansett for New South Wales regional Hazelton Airlines contin ues, with Ansett raising an A$ 1.3 5 per share offer to AS 1.60, leapfrog ging Qantas' Si.50 bid. Ansett has also secured the Hazelton family's remaining shares, taking its stake in the slot-rich regional to 3 6%. Both offers are conditional on approval from the Australian Consumer Competition Com mission (ACCC), which said on 20 December that it would oppose both bids based on information available atthattime. The rival bid ders hope to agree a structure acceptable to the ACCC, but with Ansett-owned Kendell Airlines and Qantas-owned Eastern Austr alia Airlines competing with Hazel ton, the issue is complicated. • 20 FLIGHT INTERNATIONAL 9 - 15 January 2001
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