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Airservices Australia Is To Replace Its Flight Inspection Equipment And Aircraft Used To Calibratenavigational Aids In Australia And Neighbouring Countries Including New Zealand. Airservices Iscurrently Considering Tenders For Assistance In The Aircraft Acquisition And Disposal Process.airservices Plans To Sell Its Two Fokker F28-1000s (pictured) And One Gulfstream Aero Commander And Replace Them With A Second Hand Iai Astra Sp And A Beech B200 Super King Air,subject To Price. The New Flight Inspection Equipment Is To Be Purchased From Aerodata Ingermany. (brian Wilkes)
Books, Video Reviews, People & Bottom Line
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People
Nazarian as its new Chief Financial Officer. Qantas has nominated Sydney businessman Sean Wareing as its third independent director on the board of Air New Zealand. David Gray is Rockwell Australia’s new Managing Director. Vanessa Fanning has resigned as the Department of Transport’s aviation division head to take an appointment with TNT. E-Systems Australia’s Managing Director is former RAAF Air Commodore Ian Whisker. The entire board of the FAC is progressively standing down during the course of this issue.
Bottom Line
Qantas has reported an operating profit of $320.4m and an after tax profit of $180.1m on operating revenue of $7.28bn, for the 12 months ending June 30. After tax profit rose by 15.5%, while revenue was up 10.3% in the operating period. Domestic operations accounted for $95.3m of the before tax operating profit, while international operations contributed $415.1m. Ansett Australia Holding’s contribution to 50% owner TNT’s net profit for 1994/95 of $60m on revenue of $A6.4bn was $A21.7m, a drop of 70% compared with the previous result of $73.5m. The airline’s operating profit was $A98.5m and net profit approx $A51.5m on revenue of $3bn. The previous year’s net profit was $151.7m.
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