Bottom Line • Rolls-Royce has announced its 1992 annual results with a pretax profit of £84m ($Al75m), down from £109m($A228m) for the previous year. Exceptional costs of £268m($A56lm), largely due to restructuring (including staff redundancies and site rationalisation) resulted in a pretax loss of £184m($A385m). • The HongKong AircraftEngineeringCompany(HAECO)has reported a 21% rise in profits,

Light of My Life: Our thanks to reader Oliver Mann from Casuarina NT for sending us the following snippet from the Burnie Port Gazette. Under the heading Traffic Lights Solve Runway Poser’: “Burnie Airport may have the distinction of being the only airport in Australia with a railway line crossing its runway but it is

MDC, Airbus Predict Growth: Rival airliner manufacturers McDonnell Douglas and Airbus Industrie have both published market forecasts covering the next20 years and have come up with similar overall figures but different details. MDC predicts a total requirement for 14,072 new airliners over the period valued at more than $US1000bn. Of these, widebodies are expected to

Taaats Contracts Signed: Contracts between the Civil Aviation Authority (CAA) and the two prospective suppliers of the Australian Advanced Air Traffic System (TAAATS) have been signed, beginning what is referred to as the Specification Development Phase of this controversial programme. Hughes and Thomson are the companies involved, this new round of tendering following the independent