A Great Year for Australian Airlines: Australian Airlines posted a record net profit for the 1987/88 financial year of some $61. 5m, an increase of more than ten times the previous year’s figure. Tax paid to the Government was a not inconsiderable $29. 8m which left the airline with an after tax profit of $46.
Casey Field to Move: One of Australia’s most historic GA airfields, Casey Field at Berwick, south of Melbourne, is to be moved to a new site at Lyndhurst, about 7km west of its present position. Casey has for years been fighting off the inevitable moment when it would be forced to close due to the
Defence Budget Reflects Continued Reductions in Share of GDP: The 1988/89 Australian Defence Force budget of $7,658m, a . 5% increase over the previous year in real terms, reflects an increasing trend towards long-term defence cuts. At 2. 4% of GDP (the lowest allocation since 1951/ 52) the 1988/89 figure compares poorly with the 3.
Airbus to Clone the 757: Airbus Industrie are at last formally talking about their long proposed stretched variant of the hot sel- ling A320 twinjet. The European consortium has always been reluctant to talk about a stretched A320 even though its eventual launch was inevitable. Re- cent massive sales of Boeing’s 757 however have now
Ministerial Musical Chairs a Clear Indictment of Just How Poorly Aviation Rates Within the Wheels of Government. A day in politics is a long time they say. And so true is this age old cliche that most certainly it was just as valid back in the days when the soldiers were busy fitting spikes to