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McDonnell Douglas and Boeing have selected a vertical takeoff vertical landing configuration as their proposal for the X-33 reusable launch vehicle (RLV) demonstrator
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People
The FAC has appointed Jack Moffatt as Acting CEO pending a permanent appointment, in the wake of Bill Swinger’s resignation. John Schaap, present CEO of American Express in Australia and former CEO of Air Pacific and Australian Airlines, has become the chairman of the Australian Tourism Council. John Pike has been appointed Deputy Director – Operations of the Civil Aviation Safety Authority. Helitech has appointed Pamela Simpson as its Vice President Supply.
Bottom Line
Boeing has posted a second quarter 1995 net loss of $US231m ($A312m) on revenue of $US7.57bn. The loss was due to a one-time pretax charge of $US600m ($A811m) for its recently offered special retirement programme. Without the charge, net earnings would have been $US254m ($A343m). Results for the same period in 1994 were sales of $US5.4bn and net profit of $US222m. British Airways has announced pretax profits for the three months to June 30 of £135m ($A293m), an improvement of 57% on the same period in 1994, while operating profit was £194m ($A421m) and profit after tax was £101m ($A220m). McDonnell Douglas has posted record second quarter net profits of $US169m ($A228m), while net profit for the first half of 1995 was $US328m ($A443m) on revenue of $US7.25bn ($A9.8bn).
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