UPS is extending an option to purchase its stock to all part-time employees with at least one year of service. The company on Oct. 2 offered a similar purchase program to full-time non-management employees. "The global marketplace is changing rapidly, and it's critical to our success that everyone at UPS is ready to accept their important roles in our business," said Chairman Kent Nelson. UPS intended not to make the decision on part- time employees until it had measured the impact of the first offering.
International Lease Finance Corp. said it sold $100 million of five-year, 6 l/4%, senior, unsecured, non-callable notes maturing Oct. 15, 2000. The notes are underwritten by Salomon Brothers. Proceeds will be used to buy aircraft and to repay maturing commercial paper.
Revised a proposal to supersede an AD on Teledyne Continental Motors (formerly Bendix) S-20, S-1200, D-2000 and D-3000 series magnetos equipped with impulse couplings.
***U.S. Major and National Carriers Rental Expense*** Second Quarter 1995 % Of Total Operating Systemwide Expenses America West $ 61,981,525 17.75 American 279,290,000 7.93 Continental 164,259,000 13.87 Delta 269,688,000 9.47
The Atlanta-based carrier signed a letter of intent to explore a commercial arrangement with American MagLev Technology Inc., which wants to build and operate a rapid rail system in Florida. Cooperation could include flight/rail scheduling, participation in Delta's SkyMiles program, joint promotions and insourcing for Delta in computer reservations and passenger and baggage handling. Delta said a rail system could connect passengers to points not readily accessible by air, increasing its Florida service.
British Airways has confirmed that it is unlikely to get its first Boeing 777 this month. The airplane was originally due to be delivered at the end of September, but General Electric engine test delays slowed it down and now Boeing Machinists are on strike. BA said "penalty costs are a matter between the parties concerned."
Adopted an AD on certain McDonnell Douglas DC-10-10, -15, -30 and -40 series aircraft, and KC-10 series military aircraft, requiring inspections to detect cracking of the wing pylon aft bulkheads and upper spar webs, with replacement or repair as necessary.
After preliminary talks with Thailand early this month, U.S. officials are asking interested parties whether there should be further informal talks soon. "There are some hopeful signs," said a U.S. government official. The two countries have been without a bilateral since Thailand renounced the agreement in 1990.
Adopted an AD on certain Jetstream ATP aircraft requiring inspections to ensure that various components of the nose landing gear retraction actuator are secure, and to determine that the hole and thread length of bearing cap mounting holes are correct; and a later inspection for certain discrepancies of the retraction actuator; installation of revised tolerance bushings, and correction of any discrepancies.
Machinist union officials at Boeing believe the National Labor Relations Board will move quickly to "get to the root" of the striking union's charges that the company's bargaining tactics sabotaged contract talks. Union officials met Friday with an NLRB regional director to discuss the unfair labor practice complaint, based on the union's charge that Boeing would not provide information on health insurance costs and job subcontracting.
BFGoodrich Aerospace promoted Ron Hodges to group general manager- Rosemount Aerospace; Cal Purdin to group general manager-aircraft integrated systems; Al Daniels to general manager-commercial fuel and integrated systems; Robert Mason to general manager military fuel and integrated systems; Bill Walthall to general manager aircraft evacuation systems; Mike Piscatella to general manager-commercial aircraft wheels and brakes, and Jay Cross to director-aircraft evacuation service centers.
China Airlines, as part of its new corporate image program, is undertaing one of the most expensive advertising campaigns ever by a Taiwanese company. A spokeswoman for Compass Public Relations Ltd., which handles public relations for CAL, said the six-month campaign, budgeted at US$8 million, is being directed by Dentsu, Young&Rubicam.
Proposed an AD on certain Boeing 737-300, -400 and -500 series aircraft requiring inspection and replacement as necessary of a wire bundle and clamp in the electronic/electrical equipment bay, and replacement of the clamp.
China Southern and United have placed orders with Pacific Avionics Corp. for its 777 Shop Loader with an LRU tray. Produced by Pacific Avionics under license from the Boeing Co., the system supports shop data loading of up to 51 different 777 line replaceable units. A business unit of Teledyne Controls, Pacific Avionics is headquartered in Redmond, Wash.
Granted orally an exemption to Euro Air Cargo to conduct charter all-cargo service between a point or points in Spain and a point or points in the U.S.
Aloha promoted James King to VP-planning and development, Terry Smith to VP-maintenance and engineering, and Stephanie Ackerman to staff VP- corporate communications.
Proposed an AD on Pratt&Whitney PW2000 series engines reducing the cyclic service life limit for hubs, disks, airseals, blade retaining plates and airsealing ring supports on certain high-pressure turbines and low-pressure turbines, and providing for optional inspections for cracks or rework in order to retain the original, higher cyclic service life limit.
Proposed to supersede an AD on certain McDonnell Douglas DC-9-80 and MD-88 aircraft. The current AD requires flight manual changes specifying that autothrottles must be disconnected if engine surge is detected during takeoff. The proposed action would require installation of a modified digital flight guidance computer. This would terminate the requirement for the flight manual changes.
Adopted an AD on certain Saab 340B aircraft requiring inspections to detect cracking of the beams located over the overwing emergency exits, and replacement if necessary.
