All news – Page 7625
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Lufthansa acknowledges first-half slump
LUFTHANSA HAS acknowledged that its profits over the first six months of the year are likely to be virtually halved, although chairman Jurgen Weber remains bullish that full-year profits can still be maintained. The profits forecast, which comes in the wake of mounting speculation over the carrier's performance, ...
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Gulf Air stems losses with rationalisation
GULF AIR SAYS that route cuts and rationalisation of its fleet have put it back on course for an early return to profitability, but warns that further cuts are in the pipeline. The airline had revealed that it lost $159 million in 1995 (Flight International, 3-9 April). Outlining ...
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GEC-Marconi raises profits
GEC-MARCONI HAS impressed analysts with an unexpectedly strong rise in profits, and the GEC group claims that is has now resolved the contract-overrun problems which have dogged its defence-electronics arm over the past year. The GEC unit ended the financial year to March with operating profits up at ...
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Regional Saab
Regional Airlines, the Nantes, France-based carrier, has accepted its fifth Saab 2000 into service. The aircraft will be introduced on the new Marseille to Amsterdam route early in August. The airline, which also operates eight Saab A340s, is believed to considering acquiring a further two Saab 2000s, possibly for delivery ...
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Finmeccanica to tackle its debts
ITALY'S STATE-owned defence-aerospace giant Finmeccanica has pledged to take radical action to reduce its massive debts through the sale of non-core businesses and the signing of new alliances. The group's debts swelled to L4,880 billion ($3 billion) in 1995 and, emerging from its annual general meeting in Rome, ...
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BA pilots vote to strike for Gatwick pay parity
BRITISH AIRWAYS' pilots have voted in favour of a British Airline Pilots Association (BALPA) strike, which could see the first industrial stoppage involving BA flight-crews for 20 years. The union has cited several issues, about pay and working conditions, although the dispute is centred around BA's Euro Gatwick ...
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Austrian acts to beat falling traffic
AUSTRIAN AIRLINES is planning further route and staff cuts in response to falling traffic, says director Mario Rehulka. The carrier has also cut back on flights to Germany, launched a marketing campaign, and entered talks with pilot unions with the aim of reducing pension costs. The measures are ...
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Sky balance
EVER SINCE taking up the post of European transport commissioner, Neil Kinnock has been itching to take on responsibility for global air-traffic agreements between Europe and third countries. At last he appears to be making progress. In June, Europe's air-transport ministers agreed to let Kinnock open talks ...
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Cebu Pacific Air eyes Asian and transpacific expansion
Max Kingsley-Jones/LONDON CEBU PACIFIC Air is planning to launch a series of South-East-Asian regional and transpacific services following its successful start earlier this year operating domestic routes in the Philippines. Applications have already been filed for international services to Guam, Hong Kong, Jakarta, Kuala Lumpur, ...
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Robinson makes surprise move to Dornier
JIM ROBINSON, the former president of AlliedSignal Engines, who recently took over at Learjet, has surprised the aerospace world by becoming president of Dornier. Robinson will be based at Dornier's Oberpfaffenhofen headquarters, near Munich, to oversee the integration of the company with Fairchild Aircraft, which bought the majority ...
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MTU restructuring
The Daimler-Benz Aerospace (DASA) engine subsidiary MTU Munich is to reorganise its activities into some 20 process-oriented centres in a further move to cut costs and return to profit in 1998. The company turned over DM1.4 billion ($916 million) in 1995, but declines to reveal the size of its loss. ...
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DLR cancels Strato 2C contract
Andrzej Jeziorski/MUNICH THE GERMAN Aerospace Research Establishment (DLR), has terminated its contract with Burkhart Grob Aerospace for the development of the Strato 2C high-altitude research aircraft. The cancellation comes after the German Government refused to release DM47 million ($31.3 million) for the completion of the ...
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Lockheed Martin wins X-33 contract with VentureStar
Tim Furniss/LONDON NASA HAS selected Lockheed Martin to design, build and test the X-33, a half-scale model of a proposed Reusable Launch Vehicle (RLV) to replace the Space Shuttle fleet. A full-scale vehicle could be operational by 2005. The fully re-useable Lockheed Martin VentureStar will ...
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Fakel moves into AAM market
RUSSIAN SURFACE-to-air missile (SAM) design house Fakel is attempting to break into new markets by offering two air-to-air versions of secret SAM development projects. Both weapons are being offered for the Sukhoi Su-27M (Su-35) Flanker. Fakel is working on an active-radar-guided medium-range missile (box right in picture) ...
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Tu-204 programme in doubt
THE FUTURE OF THE Tupolev Tu-204 has been thrown into doubt, following a decision by Aeroflot-Russian International Airlines (ARIA) to leave the Russian Aviation Consortium, an industrial investment group set up to promote the aircraft. ARIA has already invested around 48 billion roubles ($10 million) in the consortium, ...
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Augustine bids for RAF RMPA reprieve
LOCKHEED Martin chief executive Norman Augustine and GEC-Marconi chairman Lord Weinstock have held eleventh-hour talks with UK Government ministers in an attempt to overturn a £2 billion ($3 billion) Ministry of Defence (MoD) recommendation in favour of the British Aerospace Nimrod 2000, rather than the Lockheed Martin Orion 2000, for ...
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Air Afrique
Flight International would like to point out that Air France is not involved directly in the attempted rescue of Air Afrique, contrary to the headline which appeared in the magazine recently (Flight International, 26 June-2 July, P9); although the French flag carrier does have a sizeable shareholding in Air Afrique. ...
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IRI approves Alitalia cash-rescue package
AFTER A SERIES of last-minute delays, Alitalia's rescue plans including a badly needed cash injection have been agreed by the airline's parent state-holding company IRI. IRI eventually emerged from a shareholders' meeting on 1 July saying that it had agreed to provide Alitalia with L3 billion ($2 billion). ...
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Development control essential
Sir - The article "UK monetary constraints force RPMA cost rethink" (Flight International, 15-21 May, P6), on the Royal Air Force British Aerospace Nimrod MR2 replacement programme, highlights the need for manufacturers to improve control of development programmes. A factor, which can influence the time scale and cost of a ...
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EC studies US/ European competition
THE EUROPEAN Commission (EC), has launched an investigation, into six alliances between US and European airlines, to determine whether they will limit competition. According to EC competition commissioner Karel Van Miert and transport commissioner Neil Kinnock, the aim is to give the EC similar powers to those ...