The European Commission will is expected to approve the sale of specialist aviation insurer, Global Aerospace Underwriting Managers Ltd (GAUM), to a consortium of investors. Under the deal, a consortium led by Warren Buffett's Berkshire Hathaway will buy most of GAUM from the UK's Aviva Plc and Royal & Sun Alliance. The financial details of the agreement have not been disclosed.
A twin-engine Beechcraft King Air, carrying Gov. Jeb Bush and six other people, was struck by lightning yesterday (27 February). The incident reportedly caused a hole in the aircraft wing, however it landed safely at Orlando. The aircraft had been flying from Tallahassee.
Bell/Agusta Aerospace Co is expected to conduct the first test flight of its hybrid aircraft within the next few weeks. The civilian tilt-rotor aircraft, called the BA 609, is part aircraft and part helicopter. The aircraft's tilt-rotor has engines which pivot 90 degrees, enabling the aircraft to take off vertically then fly horizontally. The BA 609, which does not require a runway, features two Pratt & Whitney turboprop engines and can hold six to nine people.
To celebrate its two new twice-daily nonstop jet service from Lexington and Knoxville to Dallas/Fort Worth, Delta Air Lines is offering special fares for travel between Lexington and 35 cities and between Knoxville and 39 cities. The special round trip fares are valid for travel until 31 May 2003. All tickets must be purchased by 23 March 2003.
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