May 17, 1993

May 17, 1993

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HEADLINE NEWS

GE CAPITAL RESCUES GPA

By CAROLE A. SHIFRIN

HEADLINE NEWS

CONTINENTAL ORDER BOOSTS OUTLOOK FOR 777B, 737-X

By PAUL PROCTOR

HEADLINE NEWS

FIRST-QUARTER LOSS DRIVES ADDITIONAL AIR CANADA JOB CUTS

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HEADLINE NEWS

GE CAPITAL RESCUES GPA

Agreement helps aircraft leasing firm avert bankruptcy, but transaction depends on bank lenders and shareholders providing additional funds

By CAROLE A. SHIFRIN

2627
HEADLINE NEWS

CONTINENTAL ORDER BOOSTS OUTLOOK FOR 777B, 737-X

SEATTLE Continental Airlines, which emerged a second time from Chapter 11 bankruptcy on Apr. 30, has ordered and optioned a total of 190 Boeing transports in a massive fleet renewal plan. The deal has a potential value of $4.5 billion if all 98 options are exercised.

By PAUL PROCTOR

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HEADLINE NEWS

FIRST-QUARTER LOSS DRIVES ADDITIONAL AIR CANADA JOB CUTS

Air Canada is consolidating several of its largest departments, reducing senior management positions and cutting an additional 500-1,000 jobs this year in the wake of a $293-million Canadian ($230-million U. S.) net loss in the first quarter.
2829
HEADLINE NEWS

X-31 COMPLETES POST-STALL TEST

WASHINGTON The X-31 test team is preparing to conduct a limited tactical evaluation of the experimental aircraft following landmark demonstrations of a high angle-of-attack, post-stall, 180-deg.-turn, known as the Herbst maneuver.

By WILLIAM B. SCOTT

3031
HEADLINE NEWS

DC-X TO BEGIN STATIC TEST FIRINGS

WASHINGTON Static test firings of McDonnell Douglas Aerospace's DC-X are expected to begin this week, with flight evaluations of the single-stage rocket technology demonstrator to begin in June. The DC-X (Delta Clipper-Experimental) is installed on a pad at the White Sands Test Facility, N. M. for firings of its four Pratt & Whitney RL10A-5 liquid hydrogen/liquid oxygen engines.

By JEFFREY M. LENOROVITZ

3031
HEADLINE NEWS

BOEING PROPOSES TWO-STAGE-TO-ORBIT PLAN

SEATTLE Boeing Defense and Space Group has briefed Defense Dept. and NASA officials on a manned, two-stage-to-orbit space launch system offering substantial near-term payload capability using an SST-like aircraft as a first stage. A MAJOR selling point of the TSTO concept is its political appeal to the Clinton Administration.

By PAUL PROCTOR

3233
HEADLINE NEWS

RUSSIAN COST ESTIMATES DUE ON U. S. STATION MODULES

WASHINGTON NASA has asked Russia's aerospace industry to evaluate the cost of building primary modules for America's redesigned space station, but the U. S. also is sending mixed signals as to how far it wants to go in allowing Russia to take part in the station program.

By JEFFREY M. LENOROVITZ

3435
HEADLINE NEWS

FIRST 1993 ARIANE MISSION LAUNCHES TWIN SATELLITE PAYLOAD

PARIS The Astra 1C communications space-craft, a Hughes 601 model built for a Luxembourg-based European direct broadcast consortium, is undergoing initial checkout in space following launch May 11 on a European Ariane 42L booster. The new three-ton spacecraft is to provide television service to Europe until at least the year 2008.

By CRAIG COVAULT

3435
HEADLINE NEWS

ARIANE 5 STUDIED FOR LUNAR RETURN

Preliminary evaluation work has been conducted on an uprated version of Europe's Ariane 5 heavy lift launcher that could be used in the lower-cost human Moon return mission proposed by General Dynamics. The evaluation work focused on installing two additional solid rocket motors to the basic Ariane 5 configuration.
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HEADLINE NEWS

C-17 PUT ON FINAL NOTICE AS PENTAGON MULLS OPTIONS

WASHINGTON The C-17 program faces termination this August unless the Pentagon gets concrete assurances from the Air Force, McDonnell Douglas and an independent review team that schedule, cost and technical problems are manageable. John Deutch, under secretary of Defense for acquisition, has launched a series of initiatives to get the program back on track while at the same time exploring alternatives to the C-17.

By JOHN D. MORROCCO

May 101993 May 241993