Ba’s Qantas Stake: Among all the dramas associated with the British Airways/ USAir and Virgin Atlantic situations comes some good news for BA, namely the fact that the Australian government approved on December 17 the airline’s acquisition of 25% of Qantas for $665m. BA has gone to great lengths to assure Australians that this is

Bottom Line Malaysian Airline System has announced a group operating profit of $M149m ($A83m) for the six months ending September 30, 1992, representing a profit growth of 5. 5% compared to the previous six month period. The Federal Airports Corporation has recorded a profit for the 1991/91 financial year of $34. 9 million on revenues

Germany’s Peace Budget: Even though Germanyhas agreed to be partof the Eurofighter development programme (but not production as yet- refer elsewhere)- it is generally putting the brakes on defence spending in the wake of “the end of military confrontation in Central Europe”. Germany’s defence plan for the next decade features a budget cutbyno less than

GE Out of Aerospace: The US aerospace community continues its self-rationalisation activities in the wake of defence cuts with the news that General Electric has sold its Aerospace Division to Martin Marietta for $US3bn. The move takes GE completely out of the military and aerospace electronics business, a field in which it has been involved