November 16, 1987

November 16, 1987

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Aerospace Calendar

Editorial

The China Market

By DONALD E. FINK/Shanghai

Market Focus

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Aerospace Calendar

Nov. 17-19—Wescon/87, Electronic Show and Convention, San Francisco, Calif. Sponsors: Institute of Electrical and Electronics Engineers; Electronic Representatives Assn. For information: Alexes Razevich, (213) 7722965. Nov. 17-19—1987 Assembly and Technical Symposium, Radio Technical Commission for Aeronautics (RTCA), Grand HyattWashington, Washington, D. C.
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Editorial

The China Market

China is a vast country: the most populous nation in the world, with an estimated 1.1 billion inhabitants, and one that ranks among the largest with a 3.75 million sq. mi. land mass that spans 3,200 mi. east and west and 3,400 mi. north and south.

By DONALD E. FINK/Shanghai

1213

Market Focus

Commentary Airlines underperformed the broad market as investors continue to fear the carriers' vulnerability to the heightened prospect of recession. Expecting economic growth of around 2.3% next year, Mark Daugherty of Dean Witter Reynolds said the industry may be oversold, since it should remain profitable on 7% growth in traffic in 1988 and a 1% improvement in pricing.
1415
Washington _Roundup

Washington _Roundup

Solo Flight The White House is to receive a letter from the European Space Agency outlining ESA’s intentions to continue negotiating cooperation on NASA’s space station, but which also includes four points the Europeans say still need to be resolved.
1617
AVIATION IN CHINA: WHERE IS THE MARKET ?

China Reshaping Industry To Meet Extensive Needs

Editor-in-Chief Donald E. Fink and San Francisco Bureau Chief Richard G. O’Lone recently spent three weeks in the People’s Republic of China, where they assessed China’s growing openness to the international world of aerospace at the seven-day Aviation Expo/China in Beijing (AW&ST Oct. 26, p. 28; Oct. 19, p. 30). Following the exposition, they toured key industrial sites in the PRC for a first-hand look at China’s efforts to develop its own aerospace industry. Following is the first in a series of reports, written by O’Lone, on their findings.
2021
AVIATION IN CHINA: WHERE IS THE MARKET ?

China Adopts Varied Methods For Financing Aircraft Projects

Beijing—China’s conservative borrowing policy and small foreign debt make it a good risk for the variety of financing methods that are being used to modernize its aviation industry, according to an official of a firm with major dealings in China.
2223
MINISTERIAL MEETING

Europeans Approve Development Of Ariane 5, Hermes, Columbus

The Hague—Development phase for Europe’s Ariane 5 launcher, the Hermes manned spaceplane and Columbus space station project will begin in January as the result of European Space Agency member nations’ approval of a multibillion-dollar long-term program, despite opposition from Britain.

By Jeffrey M. Lenorovitz

2223
MINISTERIAL MEETING

ESA Budget Funding Blocked by British Abstention

The Hague—Spending increases planned in the early 1990s for the European Space Agency’s science directorate and for ESA’s general budget have been blocked by the United Kingdom’s abstention on the vote to approve a new long-term plan for the space organization.
2223

Launch of Ariane V21 Postponed

The Hague—Europe has delayed the planned December launch of Ariane V21 by about six weeks because of concerns over the vehicle’s third-stage cryogenic motor. The V21 flight will use an Ariane 3 vehicle to orbit the GTE Spacenet 3R/Geostar R01 communications satellite along with the French Telecom 1C domestic relay satellite.
2425
Launch of Ariane V21 Postponed

Shuttle Motor Stand

Space shuttle solid rocket booster short ened test article is lowered into a new test stand at the Marshall Space Flight Center. The action was in preparation for a three month series of tests beginning in Decem ber that will duplicate internal pressures and bending loads the motor sustains be fore and during launch.
November 91987 November 231987