Rolls-Royce suffers for Boeing's cutbacks
Article Abstract:
Rolls-Royce PLC would not say how much Boeing's production cutback would cost the engine maker. Boeing has earlier announced that it will reduce production of its 747 jetliners by 30% in the second quarter of 1999, a higher cutback than originally thought. The aircraft maker has also said it will cut 777 production by the end of 1999. The cutbacks are in response to the cancelled orders by several key Asian airlines, including Malaysia Airline System, amidst the Asian economic crisis. The cancelled orders notwithstanding, Rolls-Royce continues to maintain that its business is not overly reliant on one regional economy.
Comment:
Would not say how much Boeing's production cutback would cost the engine maker
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Insurance holds key to operations of airlines in 2000
Article Abstract:
The insurance industry plays a significant role in determining the future of airlines in year 2000, according to Andy Kyle, an analyst at information technology consultancy Gartner Group. At a conference in London, UK, in October 1998, Kyle said that a lot of airlines will be compelled to remain on the ground once insurance companies decide to take away any year 2000 problem coverage. The coverage secures the operations of airlines, but if insurance companies refuse to cooperate with them by offering coverage, their future and survival will be at the hands of the insurance industry.
Comment:
UK: Insurance ind plays a significant role in determining the future of airlines in year 2000, according to analyst Andy Kyle
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1998
User Contributions:
Comment about this article or add new information about this topic:
Thomson Travel seeks more deals
Article Abstract:
Thomson Travel Group PLC announced that it is planning to continue its aggressive strategy for expanding its operations. Since May 1998, the company has carried out seven acquisitions. Thomson Travel, the leading tour operator in the UK, stated that it would continue investing in its current eight markets while it also seeks to expand its operations. In 1998, the company posted an increase of 10% in its pretax profits.
Comment:
Planning to continue its aggressive strategy for expanding its operations
Publication Name: Wall Street Journal. Europe
Subject: Business, international
ISSN: 0921-9986
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Focused advice for growing businesses. The evolution of vendor due diligence
- Abstracts: EU imposes fine on shipping cartel. The U.S. needs a more honest Russia policy
- Abstracts: GEC to acquire Tracor. Thomson take-over - the rotary effect. LUCENT MAY BUY POWERTEL BOCA BILLING MODULE
- Abstracts: Pension buyers prefer to be advised in person Printers' pension scheme is held up as stakeholder model IFAs to continue their domination
- Abstracts: Astra halts car output. Waiting for Jakarta's dust to settle. Coca-Cola Amatil struggles to handle Indonesian woes