
South Korea To Build Jet Trainers The government of South Korea reported last week that it will
resurrect its plan to build 94 trainers at a cost of $1.5 billion. The KTX-2
project, on hold due to lack of funds, was pulled off the back burner to
meet a perceived North Korean threat.
Lufthansa Talks About Global Cargo Alliance Lufthansa revealed that its cargo unit is talking
with other carriers about a global alliance, perhaps similar to the Star
Alliance. The Lufthansa passenger unit is linked with five other international
carriers in the recently announced Star Alliance for common marketing.
Pratt & Whitney In $485 Million Upgrade Order United Technologies' Pratt & Whitney unit will
supply kits to upgrade F100PW and F200 engines on U.S. Air Force F-15s and
F-16s in a $485 million order. The upgrades will convert the existing engines
to F100-PW-22E configuration engines for the aircraft.
EU's Commission Says Alitalia Aid Is A Subsidy The EC revealed last week that it has found a proposed
infusion of cash into Alitalia as a disguised government subsidy. The EU
has been reviewing Alitalia's cash plan with some concern, since the investor
is a state-owned corporation.
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