Airlines
American Airlines announced plans to resume daily flights to and from Port-au-Prince, Haiti, a month after the country's airport reopened to commercial traffic. The airline will operate two roundtrips per day, one from Miami and one from New York's Kennedy Airport, with the service starting on
Aircraft industry
A critical security breach occurred in the early hours of Monday, September 12, when a single-engine plane piloted by 38-year-old Frank Corder crashed onto the south lawn of the White House in Washington, D.C. Corder, who had a history of mental problems and a criminal record, died in the
Aircraft industry
In a shocking incident, a small Cessna plane crashed on the South Lawn of the White House shortly after 2:00 am, resulting in the death of the pilot. The president and his family were not at the White House at the time of the crash, as they were staying
Aircraft industry
Airbus Industrie, a partnership between Aerospatiale of France, British Aerospace, Deutsche Aerospace, and Casa of Spain, has announced plans to develop a super-jumbo airliner known as the A3XX, with the potential to carry 530-850 passengers. The move is seen as a response to growing air traffic and increasing environmental controls,
Aircraft industry
In a shocking move, Lockheed Martin, the new entity formed by the merger of Lockheed and Martin Marietta, has become the world's second-largest aerospace company, with combined sales of $22.51 billion in 1993. The merger will enable Lockheed Martin to compete more effectively with foreign companies that
Airlines
Virgin Atlantic, owned by entrepreneur Richard Branson, has terminated its aircraft maintenance contract with Aer Lingus, citing the Irish airline's inability to guarantee schedule commitments due to an industrial dispute. The move is a significant blow to Aer Lingus's maintenance subsidiary, Team, which stood to lose
Airlines
Russian International Airlines, the international branch of Aeroflot, has witnessed a 30% decline in European passenger volumes following the devastating Airbus A-310 crash over Siberia in March. The airline's deputy head, Anatoly Brylov, attributed the decline to the barrage of adverse publicity surrounding the accident, which killed 75
Aircraft industry
Air Canada is replacing its fleet of 35 aging DC-9's with the A319 aircraft produced by Airbus Industrie, a move expected to save the carrier money and improve its operations. The deal, announced today, includes the purchase of 25 A319's and an option on an additional
Aircraft industry
Air Canada has made a historic decision, opting to purchase 25 passenger jets from European consortium Airbus Industrie for a deal valued at about $1 billion, leaving behind bids from other world manufacturers and their Canadian partners. This turn of events marks a significant shift in the airline's
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
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
A bitter battle is emerging in the defense industry as Northrop Corp. has publicly criticized the bidding rules set up by Grumman Corp. for the sale of the company, charging that they favor Martin Marietta Corp. The two defense giants are vying for control of Grumman, with Northrop offering $2.
