All aerospace news – Page 1861
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How does your airline grow?
Tom Barkin and Todd Morgan With most airlines failing to deliver satisfactory shareholder returns over the full business cycle, it is essential to look beyond the core business for profitable growth. But seeking out and exploiting the best opportunities is not easy. Airlines need to combine their unique capabilities or ...
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NW finds a PAL
Northwest Airlines is discussing buying a stake in Philippine Airlines. Under Philippine law, PAL could sell up to 40 per cent to foreign investors. PAL is also studying a spin-off of several departments, including engineering, and negotiating a maintenance joint venture with Lufthansa. Source: Airline Business
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Ryanair passes go in Europe
Tom Gill With soaring profits, share price and traffic, Europe's largest and longest established low-cost airline may yet achieve its ambition to be the Southwest of Europe. But as it strives to continue its profitable growth path Ryanair can expect to cross swords with the new British Airways ...
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Bizarre Thai love triangle
David Mann Singapore Airlines, Lufthansa and Qantas are among the latest suitors to be linked with buying a stake in Thai Airways International, as doubts linger over the airline's future membership of the Star Alliance. SIA, due to join Star in the near future, has confirmed its interest in ...
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Time to climb?
Karen Walker From the bottom of the pile, life offers a different perspective. While most US airlines have returned to profitability in the 1990s, the financial haemorrhage at Trans World Airlines has continued. So management was encouraged to note, after announcing 1998's first quarter results, that the words 'beleaguered' ...
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Uganda eyes foreign cash
Tom Gill Uganda Airlines is set to go private, with the sale of a controlling stake slated for mid-year. Six airlines have expressed interest in a yet to be determined majority stake in wholly government-owned Uganda Airlines, according to Michael Opagi, director of the Ugandan government's privatisation unit. The ...
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US missiles sale
The US Department of Defense intends to sell Turkey 30 Boeing Harpoon anti-ship missiles, plus related equipment worth about $43 million. Greece is being offered 160 AGM-114KBF and 88 AGM-114K1 Hellfire II anti-tank missiles worth $24 million, while South Korea is to pay around $19 million for 500 Raytheon TOW ...
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Arab carriers plan joint handling
Ian Goold/TUNIS Airlines in the Middle East and North Africa are planning to work together to cut costs. The carriers, which include the national airlines of Egypt, Jordan, Kuwait and Saudi Arabia, will begin with a pilot scheme for a joint handling operation at the UK's London airports. ...
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Lufthansa eyes 747-400 freighter
Shahe Ouzounian/FRANKFURT Lufthansa Cargo says it will need to replace its fleet of Boeing 747-200Fs early in the next decade, with the 747-400 freighter the prime candidate, even though the German operator considers the aircraft "too expensive". Wilhelm Althen, chairman of the executive board, says that its fleet ...
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Fresh funds promise brighter prospects for Ilyushin II-114
Alexander Velovich/MOSCOW The future prospects of the Ilyushin Il-114 have improved after a deal to fund production of the 64-seat twin turboprop and the creation of a consortium to market and develop the aircraft. Ilyushin has signed a letter of intent with Incombank, one of the leading Russian private banks, ...
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SR Technics reveals global ambitions
SR Technics, the maintenance subsidiary of Swissair parent SAir Group, is trying to secure joint venture partners in the USA and Asia-Pacific to enable it to offer comprehensive global support to its airline customers. Konrad Wittorf, vice-president of aircraft maintenance and overhaul, says that the company has retained Ernst ...
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US Airways may forge fresh alliance with British Airways
Ramon Lopez/WASHINGTON DC US Airways could forge a new marketing alliance with British Airways as a result of the projected tie-ups by both carriers with American Airlines. The deal would go ahead only under certain conditions, says Stephen Wolf, head of US Airways Group. The prospect of a ...
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New business and investments help to raise Lufthansa Technik profits
Lufthansa maintenance subsidiary Lufthansa Technik (LHT)boosted its profits by 53%during 1997, achieving DM94.1 million ($52.2 million) on sales of DM3.03 billion. According to executive board member George Gallus, the figure is attributable to a huge influx of new business from outside the Lufthansa Group, with 50 new contracts signed ...
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Family planning
The early successes of regional jet upstart Fairchild Dornier are undoubtedly spurring a surge in excitement among the more established regional players. But perhaps before everyone rushes headlong into launching a raft of new aircraft in response to the market upswing, considerable thought needs to be given to the factors ...
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Single-aisle bonanza
Guy Norris/LOS ANGELES CFM International (CFMI) and arch rival International Aero Engines (IAE) are again heading for the record books. After an astonishingly successful year for both in 1997, the orders have continued and, by mid-1998, look as if they might already surpass significantly those of the previous year. ...
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Woomera is reborn
Tim Furniss/LONDON Australia is to join the international space-launch industry by establishing a commercial launch site at Woomera, South Australia, to support flight operations by the US Kistler Aerospace K-1 reusable satellite launch vehicle fleet. Test flights are expected later this year. A capital investment of A$50 million ...
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Hunting closure
Hunting is to close its Aircraft Engineering Centre at East Midlands Airport in the UK. Its primary business is the maintenance, repair and painting of aircraft such as the British Aerospace 146, Boeing 737 and Lockheed Electra. The closure follows abortive attempts to sell the centre as a going concern, ...
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Motorola drops Celestri for Teledesic project
Motorola has abandoned plans to develop its Celestri "Internet-in-the-sky" satellite system and has signed a $750 million deal to take a stake in the rival Teledesic network. The move will result in Motorola securing a 26% share of the Teledesic system, which is already backed by Microsoft's Bill Gates, ...
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Airbus plans laminar flow tests in bid to bring down fuel costs
Max Kingsley-Jones/TOULOUSE Airbus Industrie will launch a laminar flow technology flight test later this year as part of its probe into the potential cost and emission reductions resulting from a lessening in aircraft skin drag. The consortium is modifying the tailfin of the prototype A320-100 for tests due to begin ...
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Sfim uses GPS to calibrate aircraft approach paths
Julian Moxon/PARIS French avionics specialist Sfim has developed a new low cost system to replace the optical equipment used for tracking aircraft flying runway approaches when calibrating runway landing equipment. Its Traki trajectography kit uses the satellite global positioning system (GPS) instead of a ground- based theodolite to ...