Cathay Ownership Reshuffle as Swire Relinquishes Control The shareholding of Cathay Pacific Airways and its associate Dragonair are to be reorganised ahead of the Chinese takeover of Hong Kong next year. The major points of the new arrangement are current Cathay majority shareholder Swire Pacific relinquishing control of the airline and China – through the

People Airbus Industrie’s expanded Sydney sales office for Australasia, PNG and the South Pacific is headed up by Philip Pearce, with Peter Bennett who has returned to Airbus’ Australian office after a stint in Toulouse. Former aviation writer for The Australian Chris Falvey has been appointed the chief aviation policy advisor to transport minister John

Military Lockheed Proposes New Transport Lockheed Martin is looking to develop a new multi-purpose military transport and civil freighter and is seeking partners to help get the project off the ground. The company envisages a large aircraft to replace types such as the Boeing KC-135, Lockheed’s C-141 Starlifter and TriStar tanker/transport, and the McDonnell Douglas

Lower Costs for V2500 Engine manufacturing consortium International Aero Engines (IAE) is working to reduce the operating cost of its V2500 turbofan by 20%. The move is in response to pressure from mainly US operators to reduce costs, and the 20% figure is hoped to be achieved by the end of next year by increasing