Not just hot air

Article Abstract:

Hot air ballooning is such a popular recreation in Switzerland that the country has more hot air balloons per capita than any country in the world. Despite the vast amount of money needed to engage in this hobby, which is pegged between 25,000 Swiss francs and 100,000 Swiss francs plus the cost of a four-wheel-drive vehicle, the Swiss are addicted to the sport. Two of the most popular places for hot air ballooning are the mountains of Chateau d'Oex and Gstaad, which have their own ballooning festivals.

Hot Air Sports Balloons, Switzerland, Recreation, Hot air balloons

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EUROPE: AIRBUS HOLDS TALKS WITH JAPANESE

Article Abstract:

Airbus Industrie is holding talks with Japanese companies which have an interest in the aeronautics industry with a view to their involvement in the super jumbo A380 . A Japanese newspaper report in February 2001 suggested that the aircraft manufacturer was talking to ShinMaywa Industries, Japan Aircraft Manufacturing, Fuji Heavy Industries, Kawasaki Heavy Industries and Mitsubishi Heavy Industries.

Joint ventures, European Union, Airbus S.A.S., Mitsubishi Heavy Industries Ltd., Fuji Heavy Industries Ltd., Kawasaki Heavy Industries Ltd.

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A mighty defence and aerospace merger

Article Abstract:

There have been a considerable number of significant acquisitions in the US aerospace and defence sectors. Most recently, a merger has been agreed between defence specialist McDonnell Douglas and civil aircraft concern Boeing. This deal, which will produce a new company majority-owned by Boeing, values McDonnell Douglas at 8 billion pounds sterling. The merged operation will have annual revenue of an estimated $48 billion.

Mergers, acquisitions and divestments, Aircraft industry, Boeing Co., BA, McDonnell Douglas Corp., MD

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