Aerospace industry
Boeing Co. has chosen the former McDonnell Douglas plant in Long Beach, California, as the site for assembling some of its 737 jetliners. According to The Seattle Times, citing unidentified officials familiar with Boeing's plans, the company expects to roll out three 737s per month from Long Beach
Aerospace industry
Tesoro Petroleum Corp. has completed its $237 million purchase of Shell Anacortes Refinery Co., increasing its refining capacity to over 270,000 barrels per day. This acquisition comes as Tesoro already owns oil refineries in Kenai and Hawaii, and the company plans to use the additional capacity to process crude
Airlines
A tragic accident unfolded in Guatemala when a Boeing 737 airliner, operated by Aviateca, crashed in a mountainous area near San Salvador, resulting in the loss of all 65 people on board. The plane, carrying 58 passengers and 7 crew members, had departed from Miami and was bound for San
Airlines
Federal transportation officials have announced plans for an in-air flight test to determine if turbulence from another airplane could have contributed to the crash of USAir Flight 427 near Pittsburgh last year. The test will involve a Boeing 737, the same type of plane that mysteriously crashed on September 8,
Airlines
The chairman of the National Transportation Safety Board (NTSB) has described the recent hearings in Pittsburgh into the crash of USAir Flight 427 as "successful" and potentially leading to the reason behind the catastrophic event that killed all 132 people on board. The Boeing 737 crash occurred on
Airlines
Pittsburgh attorney Michael Pangia, representing families of the victims, expressed concerns over the National Transportation Safety Board's reliance on Boeing and other industry companies in the investigation into the crash of USAir Flight 427. The criticism comes as technical testimony continues during the fourth day of hearings into
Airlines
A National Transportation Safety Board investigation into the fatal USAir crash that killed all 132 people on board has revealed new evidence that may have contributed to the disaster. The investigation, which is still in its early stages, has found that the right engine's thrust reverser, a braking
Airlines
A plane crash of USAir Flight 427 on Thursday has left the investigation team with a herculean task of recovering human remains and wreckage. The National Transportation Safety Board's chief on-scene investigator, Tom Haueter, visited the crash site with a small group of journalists to provide a glimpse
Aerospace industry
The recent decision by Airbus Industrie to take on design, development, and production responsibility for the European Future Large Aircraft (FLA) is a critical turning point for British Aerospace (BAe). The preferential treatment of the American Lockheed C-130J by the Ministry of Defence, despite its off-the-shelf availability, poses a significant
Aerospace industry
Civil aircraft manufacturers, led by Airbus Industrie's senior partners, have warned that they will no longer support financially troubled airlines, citing finite balance sheets and declining investor confidence. Despite some encouraging signs in the market, including 76 new orders and 52 cancellations, the consortium expects to maintain a
Aircraft industry
The Grumman Corp., a leading defense electronics and airplane manufacturing company, has agreed to be acquired by Northrop Corp. in a $2.17 billion deal. Northrop's bid of $62 per share, worth $2.12 billion, was accepted over a $1.93 billion offer from Martin Marietta Corp. The
Aircraft industry
Northrop Corp.'s takeover of Grumman Corp. will create the world's top builder of reconnaissance planes and significantly increase its electronics surveillance business, according to Northrop Chairman Kent Kresa. The combination of the two companies, with annual revenues of about $8 billion and 48,000 employees, will
