Compass Collapse Hits North: The demise of Compass II could have a bad effect on two of north Queensland’s major cities according to tourism officials from Townsville and Cairns. Thanks to the extra capacity and wider range of cheap fares which came with Compass, air passenger traffic to Townsville in the December 1992 quarter increased

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,

Crew shut down the aircraft’s remaining good engine due to misidentification and tried to apply power to the seriously damaged one as the aircraft approached the airport. The cabin crew and some passengers- had seen flames coming from the damaged engine but did not tell the pilots. This content is available exclusively to Australian Aviation

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