Caa Releases Annual Report Amongst all the controversy surrounding the CAA, the Authority has quietly released its annual report, which records an operating profit after tax for the financial year ending June 30 of $55m. Revenue for the year was $574m, down on the previous FY’s total of $670m. Operating profit before abnormal items and
Return Of The Horse The great days of the Australian soldier on horseback are long gone, but the horse and rider have made something of a comeback in Australia’s top end, where mounted soldiers have recently been patrolling RAAF Tindal in the Northern Territory. Mounted patrols were extensively used in the Northern Territory during WW2.
Md-95 Final Assembly Subcontracted McDonnell Douglas has subcontracted final assembly of the forthcoming MD-95 airliner to Texas based maintenance and modification company Dalfort Aviation, an unprecedented move in recent times. An assembly line will be established at Dalfort’s facility at Dallas and when fully operational will be capable of delivering one MD-95 each week. MDC
Rolls-Royce Buys Allison Rolls-Royce has agreed to purchase the Allison engine company from finance house Clayton, Dubilier and Rice for $US525m on a debt free basis. Rolls-Royce intends making an equity issue to finance the purchase, with settlement not expected for three or four months while approval for the deal from US authorities is obtained.
A Good Idea But For All The Wrong Reasons Laurie Brereton has done it again. For what must be the fifth or sixth time in as many months he has set yet another large group of people into a tailspin over a dramatic and totally unexpected change in government policy. The latest foray into the
A Good Idea But For All The Wrong Reasons Laurie Brereton has done it again. For what must be the fifth or sixth time in as many months he has set yet another large group of people into a tailspin over a dramatic and totally unexpected change in government policy. The latest foray into the