U
P
D
A
T
E
Home | UPDATE | Latest Issue | Gallery | FR Inside | Datafiles

UPDATE 
Week ending October 1, 2000
+++ Lufthansa to acquire a 24.9 per cent stake in Eurowings +++ SIA to order A3XX +++ ÖAMTC orders eleven EC 135 +++ Lufthansa CityLine orders 10 more CRJ700 +++ debis AirFinance and AerFi Group to join forces +++ British Airways and KLM end talks +++ Big ERJ 140 order from AA +++ Boeing: Freighter Fleet to double +++ Alenia delivers wing for first Eurofighter +++ News in brief +++

Lufthansa to acquire a 24.9 per cent stake in Eurowings
Eurowings verkauft Anteile an Lufthansa

Lufthansa German Airlines will take out a 24.9 per cent stake in the equity capital of Eurowings Luftverkehrs AG with effect from 1 January 2001. The agreement between Lufthansa and Eurowings is subject to approval by the Lufthansa Supervisory Board on 6 December 2000. Lufthansa CEO and Chairman Jürgen Weber informed the Supervisory Board on 20 September of the plans. "The equity shareholding in Eurowings will enable us to strengthen our position in the air traffic market in North Rhine-Westphalia," said Jürgen Weber. "This market is hotly contested. The cooperation agreement will permit more non-stop flights into Europe's business centres, and allow Eurowings to expand its programme on domestic routes in Germany." Eurowings will remain an independent airline with its own distinct brand image. Lufthansa and Eurowings plan to start cooperating more closely in European scheduled traffic in the course of next year. Eurowings will also be a member of Miles & More and thus become the 28th partner airline to participate in Lufthansa's frequent flyer programme. If no objections are raised by the anti-trust authorities, Lufthansa plans to increase its Shareholding in Eurowings.

Back to the top of the page / Zurück zum Anfang der Seite


SIA to order A3XX
A3XX-Bestellung von Singapore Airlines

Singapore Airlines (SIA) is to become the first airline in the world to operate the all-new 555 seat A3XX, following the announcement by the carrier of its decision to purchase up to 25 aircraft. The agreement, subject to industrial launch of the programme, covers firm orders for 10 passenger aircraft, plus 15 options for both the freighter and passenger versions. The first A3XX will be delivered to Singapore Airlines in the first quarter of 2006, with subsequent deliveries of the firm order aircraft continuing through to 2007. The airline will deploy the A3XX on services to London, Los Angeles, San Francisco, New York, Tokyo, Hong Kong and Sydney. Said Dr Cheong Choong Kong, SIA's Deputy Chairman and CEO: "Our decision to be a pioneer for this latest aircraft type is further evidence of SIA's determination to stay ahead of the field in product and service. The A3XX is the latest in aircraft technology." Airbus has now received firm commitments for a total of 32 A3XX aircraft from four customers. In addition to Singapore Airlines, the other companies which have signed firm commitments for the aircraft are Emirates Airlines of Dubai, Air France and US leasing company ILFC.
Boeing meanwhile said it remains committed to the 747X family of airplanes despite Singapore Airlines' announcement: "We are very confident in the viability of the 747X Family in the long-term. It's a tremendous family that offers superior economics and value in terms of many of the factors considered in an airline's purchasing and operating decisions, including seat-mile costs, fuel efficiency, fleet commonality, pilot and mechanic training, and much more. The 747X Family can be integrated easily into airlines' existing fleets while offering the capacity, range and speed needed to meet evolving market demand."

Back to the top of the page / Zurück zum Anfang der Seite


ÖAMTC orders eleven EC 135
Großauftrag des ÖAMTC für Eurocopter

Eurocopter's EC 135 continues its market success, as proven by the Austrian Automobile Association's (ÖAMTC) purchase of eleven light-twin helicopters for air rescue purposes. The EC 135 was selected as winner against strong competition from Europe and the US. The EC 135 is a twin-engine light helicopter of the three tonne category with state-of-the-art construction and conception. Since its introduction on the market in 1996, over 200 EC 135 helicopters have been sold to 50 customers. It is certified in 17 countries. Numerous optional and special equipment kits for the EC 135 are also certified and in use. At present, seven EC 135 helicopters are already in service with the ÖAMTC. The new order makes the ÖAMTC the largest EC 135 operator world-wide. The order has been placed following the Austrian Ministry of Interior's authorisation of the ÖAMTC to operate its air rescue services. The ÖAMTC will take over the eight air rescue stations which have up to now been government maintained; the additional eleven EC 135 helicopters have been purchased to accomplish the growing number of tasks. With a total of 13 stations, the ÖAMTC will then have one of the most densely serviced air rescue networks in Europe. The first EC135 is to be delivered in December 2000; in early 2002 the fleet will have reached its full size.

Back to the top of the page / Zurück zum Anfang der Seite


Lufthansa CityLine orders 10 more CRJ700
Mehr Regionaljets für Lufthansa CityLine

Bombardier Aerospace has completed negotiations with Lufthansa CityLine for the sale of 10 additional CRJ700 Series regional jets, increasing the German airline's total firm orders for the 70-seat aircraft to 20. Lufthansa CityLine is also considering options for an additional 10 CRJ700 aircraft. Deliveries of the CRJ700 to Lufthansa CityLine will begin in the first quarter of 2001. "The CRJ has become increasingly important to us, establishing new nonstop connections between less frequented German destinations and major European cities, and entering new markets," said Karl-Heinz Köpfle, managing director of Lufthansa CityLine. "Our CRJ700 regional jets will allow us to increase capacity, with a common aircraft on routes developed by our 50-seat CRJ aircraft." The announcement brings total firm orders and options for the CRJ700 Series to 471.

Back to the top of the page / Zurück zum Anfang der Seite


debis AirFinance and AerFi Group to join forces
Fusion der beiden Leasinggesellschaften

On September 22, the aircraft leasing companies debis AirFinance and AerFi Group announced an agreement to join forces to form the world's third largest company in the aircraft leasing sector. Under the agreement, debis AirFinance will make an offer on certain terms and conditions to acquire all of AerFi's outstanding ordinary share capital in an all-cash offer of US$ 750 million (equivalent to US$ 3.90 for each AerFi ordinary share) and will continue to run the combined company under the name debis AirFinance. This transaction increases the size of the debis AirFinance portfolio to US$ 5 billion and a total of 224 owned and managed aircraft. Completion of the acquisition is subject to certain conditions, including regulatory approvals and acceptance of the offer by the holders of at least 80 percent of AerFi's ordinary shares. The deal is recommended by AerFi's Board.

Back to the top of the page / Zurück zum Anfang der Seite


British Airways and KLM end talks
Keine Fusion zwischen BA und KLM

British Airways and KLM have announced that they will not be proceeding any further in their talks on a possible combination of their businesses. Rod Eddington, Chief Executive of British Airways, and Leo van Wijk, Chief Executive of KLM, said: "We have emphasised throughout that there was no assurance that our discussions would lead to a deal. "We always recognised that this would be a complex transaction, involving not only commercial and economic issues, but also aeropolitical, regulatory and other matters. Although we made considerable progress, it has not been possible to resolve these. "Although relations between the two parties remain amicable, we have had to decide to draw a line under these negotiations." Rod Eddington added: "In the meantime, we will continue to take steps to improve the performance of our company, through our fleet and network strategy, through continued product improvement and by working with our established alliance and franchise partners."

Back to the top of the page / Zurück zum Anfang der Seite


Big ERJ 140 order from AA
American bestellt Embraer ERJ 140

American Eagle, the regional affiliate of American Airlines, have announced that it will be the launch customer for a new 44-seat regional jet manufactured by Embraer of Brazil. The airline will convert its remaining orders for 37-seat ERJs to the new 44 seater beginning next summer. American Eagle also said it had secured earlier delivery positions from Embraer for up to 194 regional jets that will be delivered between 2001 and 2006. Along with the new delivery schedule American Eagle has also converted 66 options into firm orders for delivery between 2001 and 2005. American Eagle will have 83 ERJs in its fleet by the end of 2000, including 50 of the 50-seat ERJ-145 and 33 of the 37-seat ERJ-135. With the accelerated delivery schedule and the exercise of options, American Eagle has 146 firm orders for the Brazilian jets plus options to buy 48 more. In addition to the ERJs, American Eagle will receive its first 70-seat regional jet next August. Eagle has firm orders for 25 CRJ-700s and options to purchase an additional 25. The CRJ-700 is manufactured by Bombardier of Montreal.

Back to the top of the page / Zurück zum Anfang der Seite


Boeing: Freighter Fleet to double
Wachstumsmarkt Frachter

During the next 20 years, the world's freighter airplane fleet is expected to double, with the greatest growth taking place in widebody freighters, according to the Boeing World Air Cargo Forecast 2000/2001. "Nearly 70 percent of the fleet additions will come from modified passenger and combi airplanes," said Randy Baseler, Boeing Commercial Airplanes Group vice president - Marketing. "This differs significantly from the passenger airplane market, due to the increasing availability of desirable, affordable airplanes that can be obtained and modified for a lower acquisition cost than new equipment." The forecast predicts that the long-term air cargo market will grow at an average rate of 6.4 percent over the next 20 years -- a tripling of the market. Air cargo growth is expected to exceed passenger traffic growth in every major region. Baseler said the world freighter fleet is expected to nearly double from 1,676 airplanes in 1999 to nearly 3,200 by the year 2019. During that time, the industry is expected to add more than 2,600 freighter airplanes, as nearly 1,100 current freighters will be retired. Of the 2,600 new freighters, about 1,800 airplanes will come from passenger-to-freighter modifications and 800 airplanes will be new production freighters.
"We will see particularly robust growth in Asia," Baseler said. "Compared to the world average annual growth rate of 6.4 percent per year, intra-Asia will average 8.6 percent, Europe-Asia will average 7.2 percent and North America-Asia will average 7.7 percent. This phenomenal growth will increase the market share of the Asian markets. World air cargo traffic rebounded during 1999, increasing 5.7 percent, after a disappointing 1998, in which traffic increased by less than one percent as a result of the Asian economic crisis.

Back to the top of the page / Zurück zum Anfang der Seite


Alenia delivers wing for first Eurofighter
Erster Flügel für Eurofighter geliefert

Alenia Aerospazio has completed the left wing of the first production run Eurofighter at its Caselle facility. The wing will be delivered within a few days to BAE Systems for final assembly of the first of 620 aircraft ordered by the Air Forces of the four participating countries. (Italy, Great Britain, Germany and Spain). On September 4th, Alenia Aerospazio delivered the aircraft's rear fuselage to BAE Systems. The first flight of the first production run Eurofighter is expected by September 2001. Alenia Aerospazio will also complete, by November 2000, production of the left wing for the first Italian Eurofighter. The aircraft will be assembled at its state of- the-art aeronautical facility in Caselle, near Turin. The Caselle plant, which employs more than 1000 persons, is dedicated mainly to military aircraft final assembly and flight testing. The inaugural flight of the first production run Italian Eurofighter is planned for October 2001.

Back to the top of the page / Zurück zum Anfang der Seite


NEWS IN BRIEF / KURZMELDUNGEN

Dassault and the groups Thomson-CSF and SNECMA have announced the signing of a contract with the Defence Ministry of India for the supply of 10 Mirage 2000-H aircraft (6 twoseater and 4 oneseater). The aircraft complement the existing fleet of 49 Mirage 2000-H ordered in the 1980s and will provide the Indian Air Force with an homogeneous fleet The contract reinforces the development of the good military and aeronautical relations between France and India, which have existed for more than 30 years. These relations are expected to continue to develop further in the future.
+++
Flughafen Frankfurt Main AG (FAG) will go public next year. The shares earmarked for sale will be drawn from a capital increase of 290 million Euro on top of the current 640 million Euro. Despite this, Frankfurt and Hesse have pledged to keep at least 51 per cent for another ten years, maybe even 30 years. On the noise front, FAG needs to stop all night flights between 23 and 05 hours when the new landing runway is in use, maybe from 2006.
+++
On September 26, two helicopters of Air Glacier collided while on the landing approach and crasehd on a sport field in Val Nendaz, Switzerland. Eight persons were killid and three more injured. The helicopters were doing sightseeing trips.
+++
The Eurofighter consortium and Dassault are bidding for a 49 per cent stake of Hellenic Aerospace Industry (HAI). The deal could be worth up to 300 million US-Dollars. Both bidders ar selling fighters to Greece.
+++
Dusseldorf airport will now be allowed to handle 120000 flights in the peak Mai to Ocotber holiday season. That is definitely more than the 96600 allowed so far and gives much more room for charter operations. Night flying restrictions remain intact, however, and the airport will need to invest in noise abatement measures.
+++
Bombardier Aerospace has announced the full flight simulator for the new 70-seat CRJ700 Series regional jet has been awarded interim Level C Certification by Transport Canada and the U.S. Federal Aviation Administration. The CRJ700 training device is only the second Level C regional aircraft simulator to be available for training before delivery of the first aircraft. The first was the Q400 simulator that was commissioned six months prior to delivery of the first aircraft. The CRJ700 is scheduled for Transport Canada certification before the end of 2000, with customer deliveries to begin in the first quarter of 2001.
+++
Following an international request for proposals, ENNA (Etablissement National de la Navigation Aérienne), Algeria's air navigation office, has awarded Thomson-CSF Airsys (ATM) contracts for the system component of its TRAFCA project to upgrade the country's air traffic management system. Thomson-CSF will supply Eurocat 2000 systems for the en-route control centre in the capital city Algiers and for the four approach control centres in Algiers, Oran, Constantine and Annaba. The project also calls for Thomson-CSF to provide training for ENNA's air traffic controllers and technicians.
+++
On September 27, Balair charter airline took delivery of its second Boeing 767-300ER (extended range) jetliner in as many months. Both airplanes will be leased from Flightlease of Zurich. This makes four Boeing airplanes that Balair has put into service this year - two 757-200s and two 767-300ERs.
+++
Harry Stonecipher, Boeing president and chief operating officer, is "pleased that our acquisition of Hughes' space and communications businesses has received approval from both the European Commission and the U.S. Federal Trade Commission. We plan to close the purchase of Hughes Space and Communications company, Electron Dynamics and Spectrolab from Hughes Electronics Corporation on Oct. 6, 2000. We are acquiring a world-class business - one that has tremendous intellectual capital and business acumen in its people and leadership team. Hughes' knowledge of the space-based communications environment is outstanding. Boeing has an impressive space and communications portfolio with a tremendous potential for growth. With Hughes onboard, we will be stronger and more prepared than ever to capitalize on the opportunities available in the marketplace. The Hughes acquisition is a natural fit within Boeing and supports our key business strategies of running healthy core businesses, leveraging core strengths into new products and new services, and opening up new frontiers." Additional information: The new entity will be operated as a wholly owned subsidiary called Boeing Satellite Systems.
+++
The government of Egypt has signed a letter of offer and acceptance with the United States Department of Defense calling for 35 of Egypt's AH-64A Apache helicopters to be remanufactured into the AH-64D configuration. Once government-to-government negotiations are completed through a foreign military sales (FMS) agreement, the U.S. Army will contract directly with Boeing for the Egyptian aircraft and equipment. Total value of the program - including aircraft, ordnance, spares, training and support - is expected to be approximately $400 million.
+++
Boeing has confirmed an order for three Boeing Next-Generation 737-800 airplanes from Ryanair, Europe's largest low- fare airline. Ryanair currently operates 31 737s and will use the additional airplanes to expand its European network and maintain a strong rate of growth. The three new airplanes will deliver in May, June and July 2002; and will bring Ryanair's fleet to 44 737s at that time.
+++
Four days after the first flight of its X-32A Joint Strike Fighter concept demonstrator aircraft, Boeing moved its X-32B demonstrator closer to its own first flight with completion of the first phase of engine runs. The smooth operation of the engine, installed in the short-takeoff-and-vertical-landing (STOVL) aircraft, confirmed all performance predictions. The Pratt & Whitney F119-614 engine ran at low power to verify system integrity. All propulsion-system components operated as designed and experienced no anomalies.
+++
Bombardier Aerospace has announced that Mexico's Secretaria de Marina has placed a firm order for one Q200 turboprop for operation by the Mexican Navy. The transaction includes an option for one additional Q200. The aircraft, scheduled for delivery in September 2001, will be convertible from a 37-seat interior to a variety of configurations including all-cargo, mixed passenger and cargo and VIP seating.
+++
The NOAA-L spacecraft, a Polar-orbiting Operational Environmental Satellite (POES) satellite, was launched successfully on September 22 at 3:22 PDT from Vandenberg Air Force Base, Calif.. Lockheed Martin Space Systems in Sunnyvale, Calif., built NOAA-L, and a Lockheed Martin-built Titan II space launch vehicle, provided under contract to the U.S. Air Force by Lockheed Martin Space Systems in Denver, Colo., carried the satellite into orbit. NOAA-L is the latest model in four generations of POES satellites. All have been designed and built for the National Aeronautics and Space Administration (NASA) and the National Oceanic and Atmospheric Administration (NOAA) by Lockheed Martin heritage companies since the first TIROS weather satellite launch in April 1960. Most of the spacecraft in the series have operated far longer than originally expected, earning them a reputation as the workhorse of the civil space Earth-imaging inventory.
+++
Chilean flag carrier LanChile took delivery of its first A340-300 from Airbus at a handover ceremony held on September 27 in Toulouse. With a second A340 due to arrive at the carrier's Santiago base next October, out of a firm order for seven, these deliveries represent the first step in LanChile's plans to modernize its long-haul fleet. The A340s, which will replace LanChile's 767-300s, will be deployed on the airline's intercontinental network to Europe, North America and the South Pacific, where the A340's characteristics make it an ideal choice for ultra-long flights without ETOP constraints.
+++
On September 26, INTELSAT signed a contract with Arianespace for the launch of three more telecommunications satellites, extending a long relationship that dates back to the 1980s when INTELSAT became Arianespace's first customer. The contract for INTELSAT's 905, 906 and 907 spacecraft was signed in Washington, D.C., by Conny Kullman, Director General and CEO of INTELSAT and Jean-Marie Luton, Chairman and CEO of Arianespace. These three new INTELSAT IX launch services are in addition to three INTELSAT IX launch services which were ordered by INTELSAT in December 1997. Six of seven INTELSAT IX spacecraft are scheduled to be launched from mid-2001 through the end of 2002 using Ariane 4 or 5 launch vehicles from Europe's Spaceport in Kourou, French Guiana." Since January 1, 2000, Arianespace has signed contracts for the launch of 19 payloads, including 10 communications satellites - further consolidating its position as the world's premier provider of launch services.
+++
On September 27, Boeing provided a preview in St. Louis of a revolutionary new weapon system concept called the Unmanned Combat Air Vehicle (UCAV). The preview celebrated the completion of the manufacture and assembly of major elements of the UCAV advanced technology demonstration system, including the first of two unmanned air vehicles, a mission control console and a storage container -- all of which were displayed at the event. The UCAV advanced technology demonstration system is being developed by the Boeing Phantom Works R&D division under a $131 million, 42-month cost-share agreement with the Defense Advanced Projects Research Agency (DARPA) and the U.S. Air Force.
+++
BAE SYSTEMS Regional Aircraft has concluded a contract for five 79-seat Avro RJ85 regional airliners with Air Botnia, a Finnish regional airline owned by Scandinavian Airlines System SAS. The Avro RJ85 fleet will replace Fokker F28s on regional services between Finland and Scandinavia and will be delivered between April 2001 and November of the same year. The Avro RJ85s were chosen for their superior passenger comfort, competitive operating costs and reliability. WestLB arranged the operating lease and underwrote the associated financing.
+++
At several test firings and other trials of Polyphem, the functional capabilities of all the latest technologies used in this fibre optic guided missile system have been proved. The development work on missile has thus successfully completed an important stage. By employing a modular concept, the Polyphem family offers a broad spectrum of cost-saving solutions for the tasks of both Navy and Army. This was announced by LFK-Lenkflugkörpersysteme GmbH (LFK), which is integrated into the European Aeronautic Defence and Space Company (EADS). The test firings at the German Army's Meppen test site and at the LFK site at Schrobenhausen near Ingolstadt completely fulfilled the expectations with regard to aerodynamic behaviour, the fibre optic link between missile and firing post, the newly developed folding fins, the booster engine, the self-destruct system and the multifunction warhead.
+++
Top officials from Lufthansa German Airlines have toured a Fairchild Dornier 728JET cabin mockup during a demonstration hosted by Chuck Pieper, Fairchild Dornier chairman; John Wolf, chief operating officer; and Thomas Brandt, member of the executive board of Fairchild Dornier GmbH. Touring the cabin during the demonstration was Jürgen Weber, chairman of the Executive Board of Deutsche Lufthansa AG; Karl-Heinz Köpfle, managing director of Lufthansa CityLine; Dr. Dietmar Kirchner, senior vice president corporate purchasing and properties; and Klaus-Ulrich Garnadt, senior vice president for network management. Lufthansa CityLine became the launch customer for the 728JET last year with its order for 60 728JETs. The company holds a further 60 options for the new 70-seat airliner being developed at Fairchild Dornier's primary production facility in Oberpfaffenhofen near Munich.
+++
On September 27, the Federal Aviation Administration awarded The New Piper Aircraft, Inc. the type certificate for its Malibu Meridian PA46-500TP single-engine turboprop. First announced in late 1997 as an aircraft that would pioneer new technologies, the Meridian confirms New Piper's commitment to the continued introduction of advanced aircraft for every general aviation need. The Meridian is powered by a Pratt & Whitney Canada PT6A-42A turboprop engine producing 500 shaft horsepower, and incorporates a flight deck embracing the latest technology in avionics display and navigation systems. "The Meridian is the most technologically advanced single-engine turboprop aircraft in its class, at a price unmatched by any other manufacturer," says Chuck Suma, President and CEO of New Piper.
+++
Crossair has selected Rockwell Collins Flight Dynamics Head-up Guidance System (HGS) to be installed on its Embraer ERJ 145 aircraft. A leader in the use of HGS for lower minima in Europe, Crossair has flown with the system for three years on its fleet of Saab 2000 aircraft. With the HGS, Crossair will be able to operate its fleet of ERJ 145s to Category IIIa minima. The HGS for the ERJ 145 will be certified by Embraer and is offered as a factory-installed option. The system is scheduled to be certified by the Joint Aviation Authority in September 2000. Flight Dynamics HGS offers important Category III low-visibility landing benefits. During a Category III instrument landing system (ILS) approach, the HGS provides a highly accurate flight guidance cue that leads the pilot through a hand-flown approach to the Category III Landing.
+++
Lufthansa Flight Training's complete course of computer-based training (CBT) will henceforth be available to airline customers in Vienna too. A cooperation agreement making this possible was signed today in the Austrian capital by Niki Lauda, head of Lauda Air, and Dieter Harms, managing director of Lufthansa Flight Training. LFT's extensive CBT software for training pilots and cabin crews of other airlines is being installed in the hardware of Lauda Air's 25 learning stations. Flight crews will be able to train directly at the Vienna-Schwechat airport, on the Lauda Air base at the World Trade Center. This is the second cooperation agreement to be signed within the framework of the Star Alliance CBT Network created in 1999. It further strengthens training cooperation among the Star Alliance members. LFT signed the first such agreement in the middle of last year with SAS Flight Academy. Cooperation with Lauda Air, now officially formalized, had been occurring previously on a smaller scale. Pilots of Denmark's Maersk Air were already being trained in Vienna with LFT software to fly the Canadair Regional Jet (CRJ). Rubin Siddique, CBT product manager at LFT and head of the Star Alliance CBT Network, and flight captain Herbert Schwarz, CBT manager and assistant manager of flight training at Lauda Air, have signed the confirming contract.
+++
In acquiring an interest in the U.S. firm of Hawker Pacific Aerospace (the "Company"), specialists in the servicing of landing gears, Lufthansa Technik AG (LHT) is strengthening its worldwide presence in this overhaul business. Hawker Pacific Aerospace, with nearly 500 employees, is based in Sun Valley, California, and has additional facilities in London and Amsterdam. The Company has captured a 20-percent share of the global market for the overhaul of large commercial jet landing gears, and prior to the transaction was the second-largest provider of such services in the world. Hawker Pacific Aerospace also provides repair and overhaul services for rotary-wing aircraft, hydromechanical components, flap tracks and carriages, wheels and braking systems, integrated drive generators and constant-speed drives. The transaction was effected through the purchase of approximately 40 percent of Hawker's outstanding common stock from shareholders associated with Unique Investment Corporation. In addition, LHT has purchased convertible preferred stock from another private investor group and, in exchange for a U.S. $ 9.3 million investment in the Company, has received warrants which, if approved by the Company's shareholders, may increase LHT's interest to approximately 60 percent of the Company's common stock. As a result of this transaction, LHT is significantly expanding its own worldwide service network of Centers of Excellence. In addition, the Company's base of over 600 customers further enhances LHT's growth potential.
+++
Brymon Airways is to commence new daily services from Bristol to Munich on October 30, 2000. The Munich services will use the British Airways subsidiary's growing fleet of ERJ-145 regional jet aircraft, the fifth of which has just arrived in Bristol. The new route also connects with services to Glasgow, therefore providing a new air link between Glasgow and Munich.
+++
Forstmann Little & Co. has concluded its highly successful investment in Gulfstream Aerospace Corporation, with the receipt of approximately $1 billion in cash from the sale of its shares of General Dynamics, which acquired Gulfstream last year. Forstmann Little and its investors have now realized total proceeds of approximately $2.8 billion, representing 15 times the firm's original equity investment of $186 million. "Gulfstream has been both a spectacular and very special investment for Forstmann Little, as well as a unique personal experience for me," said senior partner Theodore J. Forstmann. "I am enormously proud of all we accomplished in turning the company around and participating in its very substantial growth. The Gulfstream experience will always be special for me, as it is rare to have the opportunity to help create so much value while deriving such personal satisfaction."
+++
Mr. Alberto Fernandez, President and CEO of EADS-CASA and Mr. Jean-François Bigay, President and CEO of Eurocopter recently signed an agreement to establish Eurocopter Espana. On September 28, 2000, this new Eurocopter subsidiary with CASA participation took over from HESA, the first Eurocopter representative established in Spain. After a preliminary build-up period, it will be fully operational by early 2001. Eurocopter Espana will be based south of Madrid, in Quatro Vientos. This new subsidiary has been set up mainly so that Eurocopter will be better placed to ensure greater customer satisfaction over the next ten years, to meet the growing market requirements more efficiently, to reinforce industrial agreements in high tech fields and to create real opportunities for helicopters to be exported from Spain. Eurocopter Espana will be the third company in the Group after the French and German companies.
+++
As part of its global expansion strategy, the Frankfurt Airport company - Flughafen Frankfurt/Main AG (FAG) - has acquired an equity investment in Brisbane Airport Corporation Ltd. Privatized in 1997, Brisbane International Airport is operated by a consortium led by Schiphol Group, the parent company of Amsterdam Airport Schiphol. In December 1999, Flughafen Frankfurt/Main AG and Schiphol Group launched a strategic alliance. Brisbane is the first overseas airport where both partners will now actively work together. FAG's one-percent equity investment in Brisbane International Airport will eventually be increased. This acquisition marks a promising take-off into a long-lasting strategic cooperation of the two renowned European-based air ports groups. The Frankfurt Airport company is now active at about 50 locations around the world: including in Germany, Greece, the Philippines, Portugal, Spain, Sweden, Turkey and the U.S.
+++

Back to the top of the page / Zurück zum Anfang der Seite


Previous updates are still available:
Die News der letzten Wochen sind weiter abrufbar:

*September 24, 2000 *September 17, 2000 *September 10, 2000 *September 3, 2000

*August 27, 2000 *August 20, 2000 *August 13, 2000 *August 6, 2000

*July 30, 2000 *July 23, 2000 *July 16, 2000 *July 9, 2000

*January to June 2000 *January to December 1999 *January to December 1998 *January to December 1997 *September to December 1996

Home | UPDATE | Latest Issue | Gallery | FR Inside | Datafiles
Copyright 2000 by Motor-Presse Stuttgart. All rights reserved.
Last updated 30 September 2000
FLUG REVUE, Ubierstr. 83, 53173 Bonn, Germany