Marc Joel Atrero

10 Years Ago Four Canberras from No 2 Squadron were flown over Brisbane and surrounding areas on June 30 to mark the withdrawal of the type from RAAF service after nearly 30 years. • A contract was signed in Washington DC on June 30 for ten additional Lockheed P-3C Orions for the RAAF. They will

Compass Revival Closer: The reincarnation of Compass Airlines in a completely new form has moved one step closer following the signing of an underwriting agreement between Southern Cross Airlines Holdings and stockbroker JB Were & Son. The Australian Securities Commission. has registered the prospectus for the $50m float and strong support is expected from Queensland

Bottom Line Aerospatiale has reported a net profit of FFrbn213m ($A50. lm) for 1991 with a 16% rise in sales, mainly in aircraft and to a lesser extent in helicopter sales. This is a marked improvement over the 1990 loss of FFr396mn ($A93. 2bn). The group’s Chairman, in reporting a successful year for 1991, said

Recovery This Year Says Dhc: The world economy will start to improve later this year, according to a market forecast issued by de Havilland Aircraft in Canada. The forecast predicts that the airlines will generally return to profitability in 1993 following recent modest signs of growth (particularly in the regional sector) and that 7,420 new

Peace Costs Jobs: The reduction of military tensions between the West and the former Soviet Bloc may have reduced the chances of global conflict but has also increased the chances of unemployment for people working in defence related industries as defence budgets decline. A Swedish report says that between 1988 and 1990 more than 300,000

Continues Recession to Affect Job Prospects: The recession and general reductions in defence spending continue to cause large job losses in aerospace businesses all over the world. In the USA, the Martin Marietta Astronautics Group will sack up to 1,750 employees this year as it reorganises its business from four to three operating groups. This