Air NZ Gets Ansett: Air New Zealand and News Ltd have finally agreed upon the terms and conditions of the former buying TNT’s 50% shareholding in Ansett Australia Holdings, in a deal worth $475m. Under the agreement Air New Zealand will pay TNT $325m for its 50% stake in Ansett, while ANZ will inject a

People Australian jet charter aircraft sales has appointed Bryce Ducker as manager propeller aircraft responsible for the Cessna caravan. Cathay pacific has appointed Derek Morris as sales manager for Australia. Air commodore Warren Harrex has been appointed both director-general clinical services for the ADF and director-general of air force health services. Airlink has appointed a

BaeA Wins Nulka Contract The Royal Australian Navy has awarded British Aerospace Australia a $58m contract for the supply of Nulka missile decoys for the Navy’s FFG and Anzac class frigates. The Nulka (Aboriginal for ‘be quick’) involves sophisticated hovering rocket technology originally developed by the Defence Science and Technology Organisation. When launched, Nulka produces

Samsung in Fokker Talks South Korean corporation Samsung has reopened negotiations with Fokker on taking over the bankrupt manufacturer. The last minute discussions come as a result of Aviation Industries of China (AVIC) deciding not to include Samsung in its regional jet consortium when the latter’s demand for a 20% share was rejected. Samsung has