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UPDATE
Week ending July 6, 2003

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Eurofighter type acceptance achieved +++ Germanwings expansion plans +++ AirTran orders 110 Boeings +++ BAE and Finmeccanica expand partnership +++ International air traffic drops 21% in May +++ FiatAvio sell off completed +++ Eurockot successfully launches MOM +++ News in brief +++


Eurofighter type acceptance achieved
Typenzulassung für Eurofighter

Eurofighter can now enter service. On 30 June, the international type acceptance was officially granted for this combat aircraft in the presence of the defence minister of the Federal Republic of Germany and the deputy defence ministers from Great Britain, Italy and Spain at the Manching plant of EADS Military Aircraft. The agreements that have now been signed by the respective governments and NETMA, the management agency installed by them, on the one side and the Eurofighter consortium (EADS in Germany and Spain, Alenia in Italy and BAE Systems in the UK) on the other create the preconditions for the official start of Eurofighter deliveries to the air forces of the partner nations.
"Today is a day which everybody involved in the Eurofighter programme - both the customers and the manufacturers - has been working towards for years," said Rainer Hertrich, CEO of EADS. "At the same time, it represents a further important step towards a joint defence capability for our continent. Weapon systems such as Eurofighter are a reflection of the political will to provide a powerful peacekeeping and peacemaking instrument for the security structures of the European Union that are currently being created and also for the transatlantic alliance." Hertrich underlined that EADS and the Eurofighter consortium would always be a reliable industrial partner to the four user air forces, both during delivery of the 620 production aircraft ordered to date and during the planned decades of operational use. "In this programme we are once again proud to be working for four of the most important air forces of the EU and NATO, who will from now on be operating Eurofighter as the backbone of their airborne defences," stated Hertrich.
Hertrich went on to explain that, following the initial learning curve effects that are usual in complex programmes, Eurofighter series production has now increased and is running at stable rates. Currently, main components are already being manufactured for the 110th aircraft of the 148 units that comprise the first production batch of Eurofighter aircraft. From its final assembly plant at Manching, EADS Military Aircraft will this year deliver a total of eight Eurofighter twin-seaters to the Luftwaffe - including aircraft GT001, which was made available to the German Air Force School of Engineering back in February 2003 for the training of maintenance and repair personnel. The Spanish Air Force is due to receive four production aircraft from the other EADS Eurofighter final assembly site at Getafe near Madrid by the end of the year. Having initially concentrated on the production of the twin-seaters required for pilot training - aircraft which also possess full operational capabilities - the two EADS final assembly lines have now also started building the single-seater Eurofighter aircraft that will form the major part of the operational units.

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Germanwings expansion plans
Expansionskurs für Germanwings

Germanwings has announced expansion plans outside its current hub at Cologne Bonn airport. A new airport, which will then be served by two to four aircraft, will be selected inSeptember or October. According to managing director Dr.Joachim Klein, “the new base will be either Berlin, Nurenberg, Stuttgart or Zurich”. At the beginning, six cities were evaluated. Now concrete negotiations are undertaken with the towns mentioned.
Germanwings also announced that after eight months of operation from Cologne, the first destinations are profitable. Ibiza, a new destination, has started very promising. “Our aim to be profitable next year is in sight”, Klein stated. Load factors of 80 per cent are achieved right now. But there is optimisation to do. London, Paris and Bologna will loose a flight per day. On the other hand, Berlin, Venedig, Budapest, Thessaloniki, Lissabon und Madrid will get additional rotoations.

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AirTran orders 110 Boeings
110 Aufträge von AirTran

Boeing confirmed that AirTran Airways has finalized an agreement for up to 110 Boeing 737 and 717 airplanes. The Orlando, Fla.-based airline will add the 737 to its fleet with an order for 28 airplanes and options for 50 more. It's also leasing additional 737s. In addition, the airline, which already operates the 717, will augment its fleet with up to 10 717s. "Building on our long-standing partnership with Boeing, this order ensures that AirTran Airways is poised to move into the next stage as one of the country's major carriers," said Joe Leonard, AirTran Airways' chairman and chief executive officer. Although AirTran Airways will initially receive the 737-700, it could substitute other 737 models in the future. Alan Mulally, president and chief executive officer of Boeing Commercial Airplanes, said he is pleased that AirTran Airways has chosen to build on the tremendous success of its 717 service by adding the larger, longer-range 737. "We've had a great relationship with AirTran Airways since it launched the 717, and we look forward to supporting its expansion into medium- and longer-haul markets with the 737," Mulally said. "The reliability, performance and operating economics of these two airplanes are a perfect fit as the airline moves into the future."

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BAE and Finmeccanica expand partnership
Elektronikfirma Eurosystems gegründet

BAE Systems plc and Finmeccanica Spa have signed a Memorandum of Understanding to establish a partnership, Eurosystems, bringing together their European defence electronic systems activities. The partnership establishes a Strategic Coordination Committee (SCC) and three majority controlled Joint Ventures, each with clear operational control of its business. The SCC, formed by senior managers of the shareholders, will facilitate the co-operation and interaction of the joint ventures. The SCC will also ensure that the JV strategies support the multi-domain nature of future defence requirements and respond to the demand for highly integrated systems. The three JVs will operate in the following areas: A Systems Integration and C4ISR business, to be majority owned and managed by BAE Systems, with capabilities in C4ISR information systems and sub-systems, combat management systems, land & naval radars and air traffic control systems. The business will be formed from existing activities of AMS (a 50-50 JV of BAE Systems and Finmeccanica) and BAE Systems C4ISR (less communications); a Communications Systems business, to be majority owned and managed by Finmeccanica, with capabilities in strategic and tactical communication systems, networks and secure systems. The business will be formed from the existing activities of Marconi Selenia Communications and the communications activities of BAE Systems C4ISR; an Avionics business, to be majority owned and managed by Finmeccanica, with capabilities in sensor systems, airborne radars, mission systems, electro-optics and electronic warfare systems. The business will be formed from activities within BAE Systems Avionics and Finmeccanica,s Galileo Avionica.
Having established the principle of a structure and management framework that delivers clear accountability and positions the businesses in line with the needs of the market, the two companies will move into a detailed process of valuation. The formation of the three joint ventures is subject to the parties executing definitive agreements and obtaining all necessary regulatory clearances. The arrangements announced today do not affect the interests of BAE Systems and Finmeccanica in MBDA.

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International air traffic drops 21% in May
Luftverkehr weiter rückläufig

"The turmoil in the aviation industry intensified in May as the impact of the SARS crisis became more widespread and the global economy continued to struggle. The worst of SARS is likely behind us. The WHO has removed all SARS travel advisories and it is time to get back to business," said Giovanni Bisignani, IATA's Director General and CEO. Preliminary IATA traffic figures for May 2003 show a 21% drop in international passenger traffic over May 2002, with SARS-hit Asia Pacific carriers experiencing a 50.8% drop, the worst performance among all of the regions. North American carriers, particularly those with significant exposure to trans-Pacific routes were hurt by SARS as well as the lingering impact of the Iraq War and the economic slump. International RPKs for North American carriers fell 20.6% over May 2002. European carriers experienced a fall of 5.5%, making them the least negatively impacted by the current industry crises.
With carriers reacting to the current crises, overall capacity for May 2003 expressed as available seat kilometres (ASKs) dropped 12.6% over May 2002. As a result of capacity reductions, the global load factor showed an improvement in May, rising to 64.6 from the 63.5% recorded in April. Globally, revenue passenger kilometres (RPKs) for the first five months of 2003 fell by 6.4% over the same period in 2002, while ASKs were slightly up at 1.2%. Freight traffic continued to grow. Overall May freight traffic saw a 3% increase in Freight Tonne Kilometres (FTKs) over May 2002, and cumulatively the first five months of 2003 recorded an 8.7% increase over 2002. North American carriers are the only region to experience declines in freight traffic with a 5.9% drop in May 2003 over May 2002. The cumulative five month freight traffic growth for North American carriers remained positive with an 11.4% increase over the same period in 2002.

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FiatAvio sell off completed
Carlyle und Finmeccanica kaufen FiatAvio

The Carlyle Group and Finmeccanica have signed an agreement for the acquisition from Fiat Group of the aerospace businesses of FiatAvio SpA, the leading Italian manufacturer of aircraft and naval engines and a leader in space propulsion. The acquisition will be carried out through a special purpose vehicle, Avio Holding SpA, which will be 70% owned by The Carlyle Group and 30% by Finmeccanica. Avio Holding will purchase the entire share capital of Avio SpA, to which all aerospace businesses of FiatAvio have been transferred with effect from July 1, 2003.
The total value of the acquired businesses is approximately 1.5 billion euros, which will be funded through a combination of debt financing and equity. Finmeccanica is to invest approximately 150 million euros, which will be funded by ordinary treasury sources of the Group. The acquisition should be completed by the end of 2003 and is subject to the approval of competition authorities. Finmeccanica, as an industrial partner in the deal, will assume a board seat and voting rights in accordance with corporate governance, and will be involved in defining Avio's corporate strategy and managerial decisions. “We are delighted to add Avio to our portfolio. This deal confirms our ability to make large acquisitions in Europe and underlines our deep aerospace expertise. The company has great potential; we will support the management to develop further Avio's activities and to find new opportunities for growth,” said Edoardo Lanzavecchia, managing director of The Carlyle Group”.
The acquisition will be financed with equity from The Carlyle Group and Finmeccanica and debt provided by Banca Intesa, Citigroup, Goldman Sachs, Lehman Brothers and Mediobanca. Goldman Sachs acted as advisor to The Carlyle Group and Lehman Brothers as co-advisor; Mediobanca was advisor to Finmeccanica.

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Eurockot successfully launches MOM
Erfolgreicher Start von Rockot

Eurockot Launch Services GmbH successfully launched the Multiple Orbit Mission into different orbits on 30 June at 14:15 GMT using the ROCKOT launch system from Plesetsk Cosmodrome in Northern Russia. The multiple payload consisted of 8 micro- and nano-satellites for scientific purposes as well as a satellite simulator. This launch is Eurockot`s first sun-synchronous mission. The ROCKOT launch vehicle successfully deployed the Czech republic`s MIMOSA spacecraft into an elliptical orbit of 820 x 320 km and the Canadian Space Agency`s MOST spacecraft, together with a host of nano-satellites, including the Japanese Cubesat and CUTE-1, the Canadian Can X-1, the Danish AAU Cubesat and DTUsat, the US Quakesat, into a sun-synchronous orbit of 820 km. Next to demonstrating the multiple orbit deployment capability of its Breeze upper stage, this launch was also Eurockot`s first sun-synchronous mission. The ninth payload of this mission, a mass frequency simulator of the Russian MONITOR satellite, intentionally remained on Breeze and will burn up during deorbiting.
Like most of its co-passengers, MIMOSA will perform a scientific mission. The Czech Astronomical Institute will use it to measure the density of the earth's upper atmosphere. MOST will carry Canada`s first space telescope and will probe the age of planets and stars for the Canadian Space Agency. The Japan spacecraft Cubesat Xl and CUTE-1 are educational nano-satellites of the University of Tokyo and the Tokyo Institute of Technology. The main purposes of CanX-1, AAU Cubesat and DTUsat is star-imaging. They will be operated for the University of Toronto, Aalborg University and the Danish Technical University respectively. Quake-sat`s mission will be the detection of earthquakes for the Quake-Finder Institute. With the Mutiple Orbit Mission (MOM), Eurockot demonstrated the unique capability of its Breeze upper stage: multiple reignitions allow it to be precisely positioned into different orbits and release several spacecraft successively.

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NEWS IN BRIEF / KURZMELDUNGEN

The budget committee of the German Bundestag approved funds to procure self-protection equipment for the fleet of C-160 Transall transport aircraft. In order to increase the self-protection capabilities of the aircraft in relation to the threat posed by surface-to-air missiles in crisis areas, the current equipment dating from 1992 - 1993 will be replaced, according to the project. Altogether, 18 aircraft ship-sets will be procured. Twelve aircraft will be fitted with the new equipment, and a further 12 will be prepared for future installation as necessary. The new, uprated self protection equipment improves the survivability of crew and aircraft against the threat by air defense weapons. It indicates the aircraft's acquisition by search and tracking radar (radar warning receiver) and warns the crew of approaching missiles (missile detection system). The systems can react to indicated threats by launching chaff (in the case of radar-guided missiles) or flares (against infrared seeking missiles). The equipment creates a protected zone around the aircraft. The project is particularly important for the protection of life and health of the crews and passengers in the context of the international employments of the German Federal Armed Forces. The total value of the project amounts to approximately 55.3 millions EUR.
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Sagem and STN Atlas Elektronik have signed a memorandum of understanding in the field of UAVs. The first aim of this agreement is to develop full interoperability between the two companies' UAV systems, more particularly between Sagem's SPERWER and STN Atlas' KZO/TAIFUN. Through such interoperability, the six countries operating these UAVs will benefit from a common command and control infrastructure for the evaluation and exchange of tactical intelligence, surveillance and targeting data. Using the two companies' skills and experience will allow widening the scope of the missions until now carried by the existing tactical systems. The agreement also plans to complement the existing UAV range thus constituted by adding further elements which will meet the new requirements the armed forces are facing as regards the tactical UAV segment.
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BAE SYSTEMS has been selected by The Boeing Company to provide the AN/ALQ-196 Low Band Jammer for the U.S. Air Force's Special Operations Command (AFSOC). The value of the contract could reach $80 million over the next five years. BAE SYSTEMS Information & Electronic Warfare Systems (IEWS), headquartered in Nashua, New Hampshire, will work with the prime contractor, Boeing, Fort Walton Beach, Florida, to integrate the ALQ-196 Low Band Jammer onboard AFSOC's MC-130H Talon II and AC-130U gunship aircraft. The ALQ-196 gives aircrews a highly effective defense against current and future radio frequency (RF) missile threats. The ALQ-196 system has been in operation on AFSOC MC-130E Talon I aircraft since 1994 and a similar system onboard on the Air Force's U-2 Dragon Lady aircraft has proven its effectiveness for more than two decades.
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The U.S. Navy has awarded a $91.8 million contract to Northrop Grumman Corporation for low-rate initial production of the Increased Capability (ICAP) III electronic attack system. For this first contract the company will design and produce 10 ICAP III upgrade kits plus spares and install them in fleet EA-6B Prowler electronic warfare aircraft. First delivery is in 2004 and Initial Operational Capability of the first squadron will be in 2005. ICAP III also will be the airborne electronic attack weapon system for the EA-18G, the variant of the F/A-18F Super Hornet aircraft that will begin to replace Prowler aircraft in the 2009 timeframe. Work on the ICAP III is being led by the Airborne Early Warning and Electronic Warfare (AEW&EW) Systems unit, headquartered in Bethpage, N.Y. AEW&EW Systems is a unit of Northrop Grumman's Integrated Systems sector. "Providing our military with an electronic attack capability that can defeat modern surface-to-air missile systems and interrupt communications has been a technologically formidable challenge," said Philip A. Teel, sector vice president, AEW&EW Systems. "But our team has made great achievements in software design and system engineering and integration to develop this remarkable new weapon."
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Raytheon was recently awarded an $11.2 million Program Research and Development Announcement (PRDA) contract for initial development work related to the Air Force¹s next generation of military Global Positioning System (GPS) receivers. Under the contract, Raytheon´s Space and Airborne Systems business will study the implementation, certification, integration and operation of a modernized military global positioning user equipment (MUE) security architecture; the ability to design, develop and produce MUE; and the feasibility and advisability of implementing the military¹s Y-Code GPS signal in MUE. "The MUE PRDA studies will provide a vital foundation for the development of more robust and accurate military GPS user equipment that our armed forces will need by the end of this decade," said Dr. Mark Youhanaie, Raytheon Space and Airborne Systems¹ leader for the Precision Engagement strategic business area. Contract work will be completed by February 2005, in time to support the start of the MUE engineering development phase.
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Boeing confirmed that All Nippon Airways (ANA) has finalized its agreement to purchase 45 Boeing 737-700 airplanes. The signing of this definitive agreement increases Boeing Commercial Airplanes' 2003 order total to 86 airplanes. "This order allows us to simplify our narrow-body fleet with the most cost-efficient and superior-performance airplane in its class," said Yoji Ohashi, president and CEO - All Nippon Airways. "The Boeing 737 will help us meet our goal of reducing operating costs and increasing return on investment for our shareholders. Additionally, with its passenger-pleasing interior, the new 737s will carry our customers in utmost comfort on even the shortest of distances." ANA will take delivery of its new 737s starting in 2005. The single-class airplanes will be operated on ANA's domestic and regional networks.
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EADS will carry out target presentation for air defense training of the German Air Force with the new DO-DT 25 drone system. Following a competition, Dornier GmbH, a unit of EADS, obtained the order for the supply of drones and the performance of missions. As reported by the company on Monday, this order was awarded for four exercise campaigns by the Federal Office of Defence Technology and Procurement (BWB). The Systems & Defence Electronics (S&DE) Business Unit will be responsible for the production, delivery and operation of the drone systems. The DO-DT 25 drone was specifically developed in accordance with the user requirements to be met by an aerial target system for V/SHORADS (short-range air defense systems). It has a length of 3m, a wing span of 2.5m and a take-off weight of 120kg. It is driven by two turbo air-jet engines and is equipped with an advanced GPS-supported flight guidance and navigation system. The launch is carried out by a pneumatically operating catapult, the landing is assured by a two-step parachute recovery system. The drone can fly maneuvers up to load factors of 5g and reach speeds of up to 450 km/h in straight flight.
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Boeing has been named by the Department of Energy (DOE) to lead in the creation of a next-generation power system for future Mars surface missions and the exploration of deep space. Boeing Rocketdyne Propulsion and Power in Canoga Park, Calif., is teamed with Teledyne Energy Systems, Inc. to develop, qualify, and deliver electrical power generation systems for interplanetary missions and probes. The new compact power system, a multi-mission radioisotope thermoelectric generator (MMRTG), will provide unique in-space and planetary surface power capability. The announcement follows the successful launch of the Boeing Delta II, powered by the Rocketdyne RS-27A engine, which sent Mars Exploration Rovers A, otherwise known as “Unity”, on its way to the red planet.
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Class began June 30 at Naval Air Station Pensacola, Fla. for the first group of naval flight officer students to train with the T-6A Texan II, the Navy's newest trainer aircraft. NAVAIR's Undergraduate Flight Training System Program Office (PMA-273) accepted the first two T-6 Texans in November 2002 and has been accepting one or two every month since for a current inventory total of 15. The T-6 will replace the T-34 trainers and provide increased capabilities allowing pilots to fly higher and faster. The first few weeks of the syllabus will be ground training only, which combines academic and computer-based training with the use of simulator exercises. There are currently three T-6 simulators in place at Pensacola with two more scheduled to arrive in November 2004. Actual flights for the NFOs in the T-6 will begin in August. By then, the Navy should have a total of 19 Texans in its inventory. Ultimately, the goal is to buy 328 T-6s.
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Scandinavian Airlines System (SAS) and Connexion by Boeing, a business unit of Boeing announced the signing of a definitive service agreement for equipping the European air carrier's long-haul aircraft with the broadband mobile information service. Based on the terms of the agreement, 11 SAS long-haul aircraft will be equipped with leading-edge wireless technology that will allow airline passengers to access the Connexion by Boeing service. An undisclosed number of options for expansion of the service onto additional SAS aircraft also are part of the agreement. Service installations will commence in early 2004, while aircraft model types and flight routes will be determined in the months ahead. Financial terms of the agreement were not disclosed.
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After a number of tests and new insights, SOHO engineers now say there will be no 'blackout' periods for SOHO science data. High-rate transmissions from the Solar and Heliospheric Observatory (SOHO) were initially interrupted on 27 June 2003. The interruption was expected due to a recent malfunction in the pointing mechanism of the spacecraft's high-gain antenna (HGA). The loss of signal occurred on a 26-metre station of NASA's Deep Space Network (DSN). Until 30 June 2003, however, the spacecraft continued beaming down its science data, which were successfully picked up by larger 34-metre DSN stations (when available). In addition, dumping on-board recorder data during these contacts has further reduced data losses so far.  
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Northrop Grumman announced today that the U.S. Navy has awarded the company a contract for the planning of an extended selected restricted availability on the aircraft carrier USS Enterprise (CVN 65). Northrop Grumman's Newport News sector is the prime contractor for this award. The contract is valued at approximately $10.4 million and will include tank preservation, propulsion and ship system repairs and limited enhancements to various hull, mechanical and electrical systems. Work is scheduled to begin in 2004.
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Sagem, a European leader in navigation systems, Sukhoi Corporation, the Russian defense technology sales company Rosoboronexport and the Russian avionics Technocomplex Corporation have signed a protocol at the 45th International Paris Air Show, in Le Bourget, near Paris. The protocol outlines opportunities for co-operation in the areas of joint development of prospective aviation systems, for the upgrade of already delivered Sukhoi aircraft and thorough modernization of SU-27 family aircraft for future deliveries and UCAV. According to Sagem's Vice-President, Jacques Paccard, “this cooperation is based on a wide and successful experience in the field of integration of Sagem navigation system on Sukhoi aircraft for foreign customers”.
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Following the approval of the competition authorities and completion of the necessary due diligence procedures, Aeronautica Macchi, a leading producer of training aircraft, is officially part of the Finmeccanica group from July 1. The purchase of 67.2% of Aermacchi was originally agreed in December 2002. The purchase price for the stake is EUR 154.9 million. Finmeccanica already owned 27.4% of the company via Alenia Aeronautica. Aermacchi offers a strong strategic fit with Finmeccanica's aerostructure activities, and will expand the group's product range and technology base. Aermacchi is currently involved in Alenia Aeronautica's most important programmes in the military sector, while in the civil sector it has important partnership with major international groups such as Airbus Industrie and Dassault.
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The new facilities of EADS CASA “Bahía de Cádiz” in Puerto de Santa María were inaugurated today. This event was presided over by Manuel Chaves, president of the Andalusian Board, accompanied by the government representative, Juan Ignacio Zoido, the mayor of Puerto de Santa María, Hernán Díaz Cortés and other officials. On EADS CASA's part, the president Francisco Fernández Sáinz was present, together with the director of the facilities, Jesús García Argüelles and other executives from the company. The “Bahía de Cádiz” center replaces the one located in Puntales, built in 1927 to house the construction of the hydroplane Dornier Do J Wal. It has been a reference in the Spanish aeronautic industry. The new center covers a total surface of 78,840 square meters, of which 20.056 are covered, and is located on the road from Puerto de Santa María to Sanlúcar de Barrameda, Km 5.5. From this modern production center, EADS CASA wants to become Europe's leader in costs, quality and flexibility in the production processes of Sheet Metal Work, Superplastic Forming and Fibre Placement.
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The Austrian Airlines Group is continuing to expand its route network in Central and Eastern Europe. From 20 August 2003 onwards the company will operate a new direct connection to Baku, capital of Azerbaijan. Chief Commercial Officer Dr. Josef E. Burger made the following statement on this initiative: “This new development means that Austrian Airlines is the only airline to fly to all three Caucasian republics, Georgia, Armenia and Azerbaijan. We offer a total of eight weekly connections to this region, emphatically proving our unrivalled competence in Eastern Europe.”
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Alcatel, Europe's largest satellite manufacturer, announced today that it will acquire Loral Space & Communications, Ltd.'s 47% share of the Europe*Star satellite system as part of a transaction that successfully terminates Alcatel's joint ventures with Loral and resolves Alcatel's litigation against Loral and its subsidiary, Space Systems/Loral, Inc. Acquiring Loral's share in Europe*Star will increase Alcatel's stake to 95%. The Europe*Star transfer is subject to German antitrust review, which Alcatel expects to complete this summer. Loral also agreed to pay Alcatel $13 million in cash, $5 million now and $8 million no later than one year from now. In addition, Loral has transferred its interest in the SkyBridge satellite project to Alcatel, while Alcatel has given up its interest in Loral's Cyberstar partnership. As part of these arrangements, Alcatel plans to terminate its arbitration and lawsuits against Loral. At the same time, Alcatel, Intelsat and Loral have agreed that Intelsat will pay Alcatel directly, rather than through Loral, for Alcatel's share of orbital incentives on the Intelsat IX and VII satellite programs. Alcatel expects these direct payments to reach in the range of $60 million over the next few years.
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With the introduction of the new Airbus A340-313, SWISS is embarking on the renewal of its long-haul fleet. SWISS will be taking delivery of a total of seven A340-313s, scheduled to progressively replace the existing Boeing MD-11s. Reclining seats in Swiss Business, the largest individual screens in the airline branch for Swiss Economy and a camera mounted beneath the cockpit are just some of the highlights of the new aircraft. A binding basic agreement for the financing of the nine aircraft has been concluded with Airbus, the manufacturer. SWISS negotiated until the last moment before delivery and has now reached agreement on the leasing rates which totally conform with the market for the nine A340s which are to be delivered in 2003/2004. SWISS is relieved that Airbus, as the prime partner, has made the necessary concessions which are essential for the implementation of the new Business Plan. The contracts for all nine machines are valid for 12 years.
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The Mirage F1CG has been officially withdrawn from operational service by the Hellenic Air Force. During an official ceremony held at Tanagra HAF airbase, General Y. Papanikolaou, Chief of Staff of the Hellenic Air Force, has praised the 28 years of faithful and reliable service provided by the Dassault Aviation single-engine fighter to the defence of Hellenic airspace. In his answer, Serge Dassault, Honorary Chairman of Dassault Aviation, stressed the fact that the Mirage F1 is at the origin of a very long and exemplary partnership between the air forces and the industries of Greece and France. He said that this partnership has been further reinforced by the selection of the Mirage 2000 multirole fighter by Greece in the eighties, and, more recently by the order for the Mirage 2000-5 Mk.2. The Mirage F1CG had been ordered by Greece in 1974 and 40 units had been delivered from 1975. The Mirage F1CG logged more than 160.000 flying hours with the HAF. Throughout 28 years of operational service, they demonstrated their ruggedness, their reliability and their capability to ensure total security of Hellenic airspace, in full independence and autonomy.
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Summaries of previous UPDATES are still available:

*June 29, 2003 *June 22, 2003 *June 15, 2003 *June 8, 2003 *June 1, 2003

*May 25, 2003 *May 18, 2003 *May 11, 2003 *May 5, 2003

*April 27, 2003 *April 20, 2003 *April 13, 2003 *April 6, 2003

*January - March 2003

*January - December 2002 *January - December 2001 *January to December 2000 *January to December 1999 *January to December 1998 *January to December 1997 *September to December 1996


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