All news – Page 8016
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German Missile Purchase
The Pentagon is to sell Germany 320 AIM-120B advanced medium-range air-to-air missiles, worth about $170 million. Germany will use the missiles, made by Hughes Aircraft and Raytheon, to arm McDonnell Douglas F-4F fighters and, possibly, the European Fighter Aircraft, the Pentagon says. Turkey will receive 16 McDonnell Douglas Harpoon anti-ship ...
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SAe and TAC Scrap Plan
Singapore Aerospace (SAe) and Taiwan Aerospace (TAC) have abandoned plans to establish a joint-venture aircraft-maintenance company in Taiwan, after more than two years of study and negotiations. Source: Flight International
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Hercules Sealed
Munitions specialist Alliant Techsystems has completed the acquisition of Hercules Aerospace for $296 million in cash and 3.86 million shares. The combined company has revenues of $1.3 billion and 9,000 employees. The US Department of Defense accounts for 83% of Alliant's sales. Source: Flight International
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South Korea Sale
The US Department of Defense plans to sell South Korea 100 Hughes AIM-120 advanced medium-range air-to-air missiles for $75 million, to arm Lockheed F-16s. It is also to sell Taiwan six Hughes Phalanx close-in weapon systems as part of a $75 million frigate-armament deal. Source: Flight ...
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UK Stalls On Noise
The UK Government has given six-week waivers to at least some of the Boeing 707 and McDonnell Douglas DC-8 operators seeking exemptions from newly effective European noise regulations (Flight International, 8-14 March). Source: Flight International
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SAS Engine Deal
Volvo Aero Engines Services has signed a SKr 200 million ($27 million) deal with SAS to take over the maintenance of PW4000 engines on 14 of the airline's Boeing 767 fleet. The seven-year contract covers annual maintenance of some 30 engines. Source: Flight International
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Keeping track
The Traxon cargo automation system is now well established, but some significant technical and political obstacles remain. Mark Lyon reports. Air cargo doesn't achieve its potential for most airlines. Industry critics want carriers to work more closely with air freight forwarders so these two partners ...
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Appointments
Gaston Hébert has been named president of de Havilland, replacing Ken Laver. John Horne has been appointed airport director for London/City airport. Rick Ellis has been appointed chief executive of Ansett New Zealand. He replaces Craig Wallace, who has taken a senior position with Ansett Australia. ...
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Orders
Air Atlantic has ordered 10 Jetstream 41s. The first five are to be delivered in the second quarter to the Halifax, Nova Scotia-based carrier. Mesa Air has ordered 25 Dash 8-200s from Bombardier worth $250 million. The New Mexico commuter airline has options on a further 25 aircraft. ...
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Airports
London/Luton has formed a joint venture with venture capitalists Nash, Sells & Partners to build a rail station at the airport. The venture capitalists will take an 80 per cent stake in the $7.6 million project. The $3.2 billion Denver International Airport finally opened for commercial operations at ...
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Suppliers
PROS Strategic Solutions has installed its bid price based origin-destination revenue management system at Continental Airlines. BehavHeuristic yield management system has been installed at Icelandair. FLS Aerospace has won a five year contract from Irish independent Ryanair to provide heavy maintenance for 11 Boeing 737-200s. The ...
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Japanese bargain
Japan's major carriers are to offer Apex fares in the domestic market for the first time. The fares are 25 to 36 per cent lower than regular fares. The move comes after the Ministry of Transport lifted restrictions on discount levels airlines could offer without prior MOT approval. Source: ...
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Direct flop
Euro Direct Airlines, the ambitious UK independent, ceased operations at the end of February after 10 months of operation. The airline blamed high operational costs for its inability to obtain a reasonable return. Source: Airline Business
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Malev reshuffle
A political reshuffle has lead to the ousting of Malev's managing director Andras Pakay. At press time, a replacement had not been announced, but former minister of transport Andras Derzsi has been appointed as the new president and chairman of the board. Alitalia is understood to have opposed Pakay's departure ...
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Sale complete
BWIA has finally completed its partial privatisation, selling 51 per cent of the carrier for $20 million to a group of Caribbean and US investors headed by Edward Acker. The government of Trinidad & Tobago has retained 33.5 per cent and 15.5 per cent will go to the employee stock ...
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Japan's plans
Japan's Ministry of Transport is to begin construction of the second runway at Osaka/Kansai at an estimated cost of $20 billion in 2000. Work on the new international airport at Nagoya should start at the same time. Source: Airline Business
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Three's a crowd
Seven European Union member states are preparing to abolish border controls among themselves in line with the 1990 Schengen agreement. Airports in Portugal, Spain, France, Germany, Luxembourg, Belgium and the Netherlands will now classify passengers into three groups - those travelling intra-Schengen, to non-Schengen EU states, and to non-EU countries. ...
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In Thai-moil
The Aviation Authority of Thailand is under fire from a US consortium, led by TAMS Consultants, which claims it was awarded the contract to design the terminal for Bangkok's new international airport for Baht970 million ($40 million), only to have the price dropped to Baht640 million. An Anglo-French group, led ...
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IRI to sell?
Italy's state holding company IRI has said it will reduce its 86 per cent stake in Alitalia next year if the carrier meets cost cutting requirements. Alitalia also plans to ask for a L1,500 billion ($895 million) capital injection once it has broken even. Source: Airline ...
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Qantas boost
A 79.5 per cent increase in Qantas' first-half net profit to A$128.7 million (US$95.2 million) should boost the chances for its planned A$1.6 billion flotation later this year, despite an uncertain equity market. Qantas says its alliance with British Airways produced numerous benefits worth around A$24 million. ...