November 9, 1992

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HEADLINE NEWS

Industry Watching Gd Model, But Most Will Not Emulate

NEW YORK Few major U. S. defense companies are apt to follow General Dynamics Corp. and cash out, business by business, for the sake of eliminating excess capacity and pumping shareholder value up—no matter how much pressure boards of directors put on chief executives.

By ANTHONY L. VELOCCI4 min

HEADLINE NEWS

Lack of Financing to Slow Satellite Growth in 1990s

NEW YORK The reluctance of bankers and financiers to risk their money on entrepreneurial satellites will slow development of such projects through the mid-1990s. Few investors understand the idiosyncrasies of satellite operations enough to feel comfortable lending money to all but the most creditworthy of operators and users, according to financiers and consultants at a satellite financing conference held here Oct. 29-30.

By JAMES T. MCKENNA4 min

COVER STORY

Everest Air Joins Battle for Domestic Market Share

KATHMANDU St tart-up airline Everest Air is in fierce competition with three other new carriers and government-owned Royal Nepal Airlines for a share of Nepal's growing domestic air services market. Everest Air currently flies two new Dornier 228 twin turboprop transports on 10 scheduled domestic routes, according to Pradeep Raj Pandey, airline managing director.

HEADLINE NEWS

Auditors Blast Nasa Management

WASHINGTON Congressional investigators have found sloppy bookkeeping throughout NASA headquarters and its four biggest field centers, with especially weak money controls over contractors. However, NASA officials told AVIATION WEEK & SPACE TECHNOLOGY they find the investigators' report unfair and intend to challenge it before Congress.

By JAMES R. ASKER3 min

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November 9, 1992

Royal Nepal Primes for Tourism Growth

By PAUL PROCTOR7 min

Advanced Arms Spread Defies Remote Detection

By DAVID A. FULGHUM6 min

Air Force Awaiting Bids for Medium Launch Vehicle

By JEFFREY M. LENOROVITZ4 min

Royal Nepal Primes for Tourism Growth

By PAUL PROCTOR7 min

Advanced Arms Spread Defies Remote Detection

By DAVID A. FULGHUM6 min

Air Force Awaiting Bids for Medium Launch Vehicle

By JEFFREY M. LENOROVITZ4 min