All news – Page 7546
-
News
Loral acquires AT&T Skynet Services
LORAL SPACE & Communications has agreed to buy AT&T's Skynet Satellite Services business for $712.5 million (£475 million) in cash. The deal includes AT&T's network of Telstar C- and Ku-band communications-satellites, and is Loral's first acquisition since the company disposed of its aerospace and defence businesses to Lockheed ...
-
News
Hawaiian offer
Hawaiian Airlines reports that its August share offer has been fully taken up by investors, raising more than $39 million. President Bruce Noble says that the infusion of new cash is "the last element needed to complete the rebirth" of the 67-year-old airline. Source: Flight International
-
News
Sabre sale
American Airlines parent AMR has set terms for the flotation of a stake in its Sabre computer-reservation-system subsidiary, which prices the sale at up to around $460 million. The public offering has been tentatively scheduled for October. Source: Flight International
-
News
Daimler shuffle
The Daimler-Benz group is expected to announce a corporate reorganisation which could see control of subsidiaries centralised at its Stuttgart headquarters in Germany. Under such a scheme Daimler-Benz Aerospace (DASA) would lose its independent board. According to unconfirmed reports in the press, another option would be to shift all responsibilities ...
-
News
Airport growth
World airport passenger traffic grew 6.6% over the first half of the year, helped by the booming North American market, where numbers grew by more than 7%. Atlanta Hartsfield, boosted by the Georgia city's hosting of the Olympic Games in the summer, was the fastest- growing of all the major ...
-
News
Aviall
Aviall has completed the divestment of non-core operations with the sale of its fastener-distribution business to Maple Leaf Aerospace. Aviall has progressively sold off its engine overhaul businesses to focus on parts distribution and inventory locator services. The unit is expected to become part of Maple Leaf's Tri-Star Aerospace manufacturing ...
-
News
Samsung moves slowly over Fokker relaunch
Samsung Aerospace says that it needs to clear several major hurdles before it will be in position to reach an agreement with the receivers of Fokker and relaunch the bankrupt Dutch aircraft manufacturer. According to officials close to the negotiations, the continuing talks centre on reaching a series ...
-
News
South African Airways puts 777 order on hold and considers options
SOUTH AFRICAN AIRWAYS (SAA) says that it has put its Boeing 777 contract on hold and is reviewing the order, which could see it reduced in size or switched to a lease rather than a purchase. SAA placed orders in December 1995 for four 777-200s and one Boeing ...
-
News
Lufthansa airmotive
Lufthansa Technik is considering taking a majority stake in Airmotive Ireland, the Aer Lingus-owned engine-overhaul plant near Dublin. Aer Lingus admits that the transaction is "under review", but says that the deal requires boardroom approval from both companies. Source: Flight International
-
News
Northrop Grumman gets E-8C approval
PRODUCTION OF 19 Northrop Grumman E-8C Joint Surveillance Target Attack RadarSystem (JSTARS) aircraft has been approved by the US Department of Defense (DoD), despite a last-minute bid by the Congressional General Accounting Office (GAO) to block full-rate production. Defence undersecretary Paul Kaminski approved production on 26 September, despite ...
-
News
Shorts wins GKN order
Shorts has won a £10 million order from GKN Westland to supply the engine nacelle, stub wing and horizontal stabilator for the British Army Air Corps' 67 WAH-64 Apache helicopters. Shorts is also to team with Lockheed Martin to produce Hellfire II and Longbow Hellfire missiles for the WAH-64. ...
-
News
Orbital
US space and information systems company Orbital Sciences, of Dulles, Virginia, has appointed Rob Strain executive vice-president and general manager of the electronics and sensor-system division. He was most recently a group vice-president for finance and manufacturing. Source: Flight International
-
News
MDA
Former NASA astronaut Bruce Melnick has been appointed vice-president of McDonnell Douglas Aerospace (MDA) Space and Defense Systems Kennedy Space Center operations. Melnick, formerly vice-president/director for Shuttle engineering at Lockheed Martin Space Operations, replaces George Faenza, who has retired. Source: Flight International
-
News
AAR aircraft
AAR Aircraft Sales & Leasing has named Wain Barber vice-president of operations. He was formerly vice-president of operations for AAR Engine Sales & Leasing. Source: Flight International
-
News
Lancashire
Michael Clifford, deputy managing director of European consortium Panavia, of Munich, Germany, has been named chief executive of the UK's Consortium of Lancashire Aerospace. He is a former purchasing director of British Aerospace Warton and project director of the Al Yamamah programme at Panavia. Source: Flight ...
-
News
Air France
National carrier Air France has appointed Anne Veyssi‚ cargo general manager for the UK and Ireland. Veyssi‚, who has been with Air France Cargo since 1988, succeeds Bernard Frattini, who becomes the carrier's cargo general manager for North America, based in New York. Source: Flight International
-
News
Comsat
Global satellite-communications company Comsat Mobile Communications, of Bethesda, Maryland, has appointed Alan Labbe, Robert Roe, Michael Smith and Craig Poyner to its government sales team. Labbe was formerly a US Navy programme manager of Inmarsat programmes, for the Navy media service. Roe was most recently a contractor for USN satellite-communications ...
-
News
Gables
Jonathan Wasicsko, formerly senior quality manager for rotary-wing-systems manufacturer Gables Engineering of Coral Gables, Florida, has been appointed the company's director of quality. He is also general manager for the Gables US Federal Aviation Administration-certified repair station. Source: Flight International
-
News
Leica
Neil Vancans has been appointed president of the newly created global-positioning-system unit of Technology group Leica of Heerbrugg, Switzerland. Vancans was most recently director of sales and marketing for northern Europe and, before that, he was managing director of Leica UK. Source: Flight International