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June 09, 2004

UN: Remember That Mistake We Thought We Made...?

Black Box Found In File Cabinet Wasn't From Rwanda Crash

A black box found in a locked United Nations filing cabinet turns out to have nothing to do with an aviation accident that sparked a genocide.

Aaliyah's Record Label Sues For Vengeance

It was the latest crash to break America's heart -- a Cessna 402 that went down on take-off from Marsh Harbor Airport in the Bahamas two years ago. On board, budding music and film star Aaliyah, who had been in the Abaco Islands shooting a music video.

Deal Should Be Complete By September

Parker Hannifin Corporation and NXT LLC today announced they have reached an agreement in principle for NXT to purchase the AFIS (Automatic Flight Inspection System) product line, from Parker's Aerospace Group for an undisclosed amount. The system currently accounts for less than $1 million of Parker's total sales. Based in Oklahoma City, NXT plans on aggressively pursuing the domestic and international flight inspection marketplace. The divestiture is expected to be completed by the end of September, subject to negotiation and execution of definitive documentation and receipt of necessary government approvals.

It's Not Looking Good For Personal Jet Developer

Amid reports that employees are "voluntarily" leaving Safire Aircraft Company after the company admitted that it can't pay them (at the moment); ANN has learned that the foreign financing package first disclosed last week in an exclusive conversation with Safire President and CEO Camilo Salomon, has hit some snags.