All news – Page 7067
-
News
Intertechnique US link
Intertechnique and Derco Aerospace have agreed to form a joint venture repair and overhaul company. IDC Aerospace will be based at Derco subsidiary DRS' Milwaukee, Wisconsin base. See Feature, 'Room for manoeuvre' Source: Flight International
-
News
CATIA simulates noise
A new acoustic simulation add-on to Dassault Systemes' CATIA computer aided design environment will be offered from May. Automated Analysis of Ann Arbor, Michigan, is integrating its COMET analysis software into CATIA. Source: Flight International
-
News
Industrial PW150
Pratt & Whitney Canada has taken the unusual move of offering an industrial version of the PW150, which powers the Bombardier de Havilland Dash 8-400, before the engine's certification. Source: Flight International
-
News
Honeywell appeals over Sextant funding
Honeywell has appealed to the European Court of First Instance at Luxembourg against the European Commission's approval of a Fr140 million ($24 million) state aid package to Sextant Avionique for the development of a new flight management system (FMS). The US manufacturer says the decision violates the European provisions ...
-
News
Asiana and KAL plunge into record losses
Paul Lewis/SINGAPORE Financially troubled South Korean carrier Asiana Airlines has released end-of-year results for 1997, showing a massive net loss, rivalling the deficit reported by rival Korean Air (KAL). Asiana lost 398 billion won ($270 million) for 1997, largely because of heavy foreign exchange losses from the collapse ...
-
News
Aviation group shops
Aviation Group chief executive Lee Sanders promises further niche acquisitions this year as consolidation continues in the US aircraft services business. The latest addition is Aero Design, an aircraft batteries business based in Tennessee, to add to the group's newly formed Component Overhaul &Service division. Aviation Group has already built ...
-
News
Litton takes TASC
Litton Industries has completed the acquisition of defence and commercial information technology and intelligence services specialist TASC from Primark for $432 million in cash. Source: Flight International
-
News
Elta profits
Elta, the electronic warfare arm of Israel Aircraft Industries, posted pre-tax profits of $8.2 million for 1997, as sales grew by 17% to $270 million. New orders were booked worth $620 million, taking the company's backlog to $850 million. Source: Flight International
-
News
Sonaca recovers
The recovery at Belgian aerostructures company Sonaca gathered pace last year with a net profit of BFr130 million ($3.5 million). That came despite a BFr360 million charge to cover an early retirement plan as part of its cost-cutting programme. Sales soared by 67% to BFr5.3 billion. Source: Flight International
-
News
Strong US dollar helps to lift ST Aero's profits
Singapore Technologies Aerospace (ST Aero) has more than doubled its profits in 1997 as the strength of the US dollar helped push up margins in an already strong commercial and military overhaul business. Net profits for the aerospace business, now part of the ST Engineering grouping, came in at ...
-
News
JAS forecasts losses and joins fresh Japanese drive on costs
Andrew Mollett/TOKYO Japan Air System (JAS) has added to the bad news in the Japanese airline sector, warning that it expects to post a loss for the last financial year and unveiling a renewed cost-cutting drive. JAS had forecast a profit of ´700 million ($5 million) for the ...
-
News
Embraer heads for profits after sales soar
Embraer has produced its promised turnaround, coming close to breakeven last year and likely to show its first profits for seven years in 1998. The overall result for 1997 showed the Brazilian manufacturer with a net loss of $13.2 million, stemming from heavy costs in the first half of the ...
-
News
Germany fears cost of Tu-154 collision
The German Government could face claims for millions of dollars from dependents of those killed in a mid-air collision off the West African coast last September, following evidence that the German air force Tupolev Tu-154 was at the wrong altitude. Investigations have revealed that the pilot of the Tu-154 ...
-
News
US DoT acts to protect low fare airlines
Kevin O'Toole/LONDON US low cost airlines have won their battle for rules on predatory practices by the major network carriers, with the issue of new competition guidelines from the US Department of Transportation (DoT). The new policy, unveiled for comment last week by Transportation Secretary Rodney Slater, effectively ...
-
News
RAF tries to trade Tornados and Harriers to salvage Jaguar fleet
Douglas Barrie/London The Royal Air Force has told the UK Government that it will sacrifice Panavia Tornado GR1, Tornado F3, and British Aerospace Harrier GR7 aircraft to prevent the Sepecat Jaguar being axed. In arguing its corner within the ongoing Strategic Defence Review (SDR), the RAF is battling to keep ...
-
News
France and USA seal bilateral agreement
Julian Moxon/paris France and the USA have finally signed a bilateral air transport accord, opening the way for codesharing alliances between French and US carriers, although it is short of the open skies agreement originally sought by the USA. The deal provides for a five year transition to ...
-
News
NTSB calls for 747 Classic fuel tank wiring ADs
Damaged wiring in centre wing fuel tanks (CWT) of some Boeing 747 Classics, which has been uncovered in the wake of the Trans World Airlines Flight 800 crash in 1996, has led the US National Transportation Safety Board (NTSB) to recommend mandatory inspections. The US Federal Aviation Administration was ...
-
News
US Airways talks fuel US alliance speculation
The US airline industry may be on the verge of a new wave of consolidation through major alliances rather than mergers and acquisitions. Speculation of pending marketing alliances was fuelled by the Wall Street Journal, which reported that US Airways is again in talks with both United Airlines and ...
-
News
France delivers blow to Trigat LRmissile
The French defence ministry has cut funding for the Trigat LR anti-tank missile, throwing the already embattled project further into doubt. The Trigat LR was intended to arm the Eurocopter Tiger attack helicopter. The Trigat cut was announced as part of the country's defence expenditure review, revealed on 9 ...
-
News
Asian crisis bites deep into Korean aircraft development budget
The South Korean Government has slashed this year's allocation of funding for the Korea Commercial aircraft Development Consortium (KCDC) because of the country's economic difficulties and the absence of any concrete progress in breaking into the civil aviation market. South Korea's new Government has cut KCDC's budget to just ...