All news – Page 7221
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Engine deal
Rolls-Royce Canada has signed maintenance contracts worth more than $17 million, the biggest of which is a $10-million, seven-year deal with Gulfstream Aerospace covering repair and overhaul on Spey, Tay and BMW-Rolls Royce BR710 engines on Gulfstream IIs, IIIs, IVs and Vs. The deal includes the offering of used-engine warranties ...
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TAP's profit
TAP Air Portugal made an operating profit of $57.4 million last year, up from $12 million in 1995, contrary to the Airline Business 100 last month. TAP's 1996 net loss was $69.6 million, as we reported in the survey. Source: Airline Business
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Russian ties
Airbus Industrie and the Russian Ministry of Economics have signed an agreement which envisages closer cooperation in areas such as joint projects, certification, R&D and production. The deal includes Airbus' assistance in obtaining JAA type certification for the Tu-204 and the establishment of a single Russian management organisation to liaise ...
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Arab results
After the Airline Business 100 went to press, Kuwait Airways reported a net loss of $228 million on revenue of $570 million for its year to 30 June 1996, and Syrian Arab Airlines reported a net profit of $16.6 million on revenues of $181.8 million for calendar 1996. ...
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Red allowed
Israel and Jordan have agreed to redevelop the present airport at the Red Sea resort of Aqaba as the joint Eilat-Aqaba airport. The airport will be renamed Salaam/Shalom and will remain entirely under Jordanian political control. The project will cost $35 million and should be completed by mid-1998. ...
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Video for sale
Uruguay is privatising Montevideo/Carrasco airport on a build-operate-transfer scheme and will issue a prospectus to international investors by the end of the year. The government has appointed consultants Lufthansa Consulting and Coopers & Lybrand as advisers. Source: Airline Business
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Auck hawked?
New Zealand looks set to sell its 51.6 per cent controlling stake in Auckland airport and has asked Merrill Lynch to complete a feasibility study by October. Source: Airline Business
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Thanks a billion
ILFC has placed orders with Airbus and Boeing valued at some $8.5 billion. The lessor has ordered 50 aircraft in the A320 family and 15 A330-200s. Boeing received an order for 31 B737s, 12 B767s, 10 B777s and two B747s. Source: Airline Business
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THAAd target
The US General Accounting Office (GAO) says that the Department of Defense requires better targets for more effective testing of the Lockheed Martin Theater High Altitude Area Defence (THAAD) weapon which is designed to engage theatre ballistic missiles at high altitudes and long ranges. A GAO report suggests that unless ...
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V-22 delivery
The second of four Bell Boeing V-22 Osprey tilt-rotor aircraft built to production standards has been delivered to the Patuxent River Naval Air Warfare Center in Maryland. The eighth Osprey to be built is fully instrumented for flight tests and will be used to complete envelope development testing until 1999. ...
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Denmark backs AIM-120
Hughes and Danish Aerotech have opened the Consolidated Missile Maintenance Test Centre - Europe at Karup AB, Denmark, to support European users of the Hughes AIM-120 Advanced Medium-Range Air-to-Air Missile and, potentially, other Hughes weapons. Source: Flight International
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Sabre drawn
US Airways has signed a letter of intent to outsource its IT operations to Sabre. The deal could affect some 900 US Airways' employees. Source: Airline Business
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Swiss double
Swissair's parent SAirGroup has signed separate alliance deals with TAP Air Portugal and AOM of France. The deal with TAP includes codesharing with Swissair, but both accords will extend to other companies in the SAirGroup. Source: Airline Business
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BA harmony
British Airways has reached agreement with its main cabin crew union following a damaging strike this summer. Source: Airline Business
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Asiana out
Northwest will abandon its linkup with Asiana from 30 October and will coordinate its Asia-Pacific alliance strategy with partner KLM. The Dutch carrier is currently holding talks with Northwest's Japanese partner JAS. Source: Airline Business
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Minuteman derivatives
The US Air Force Space and Missile Systems Center's Launch Test Programme Office has awarded Orbital Sciences (OSC) a $206 million contract to develop and launch derivatives of the Minuteman inter-continental ballistic missile for suborbital and orbital missions. OSC will combine residual M55 Minuteman 2 first stages with Minuteman 1 ...
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CN-235 marketing
British Aerospace Australian and IPTN have agreed on the former marketing IPTN's CN-235 maritime-patrol aircraft in Asia-Pacific. BAeA will provide advanced systems development for proposed configurations. Source: Flight International
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High-flying decoy
Lockheed Martin Sanders has completed windtunnel testing of its fibre-optic towed decoy with special high-altitude fins, required for deployment from the Lockheed Martin U-2. Source: Flight International
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Trimble for WCMD
Trimble is to supply global-positioning-system (GPS) receivers for the US Air Force wind-corrected munition dispenser (WCMD). Lockheed Martin will integrate the GPS unit into the WCMD inertial-guidance tailkit it is developing to improve the accuracy of air force submunition-dispensing weapons. Source: Flight International