The Globe

Singapore opens fifth-freedom rights to six countries

SINGAPORE — Airlines from the United Arab Emirates, Bahrain, Greece, Indonesia, Sri Lanka and New Zealand may now carry passengers between Singapore and third countries, on routes that also serve their home countries.

Rouble revalued by 8.6%

MOSCOW — One Soviet rouble now buys $1.206, up from $1.111. Dollar-priced aircraft, fuel and leases become cheaper for Soviet buyers.

Alterra Airway reports $16.3 million profit for 1971

LOS ANGELES — Alterra Airway earned $16.3 million on revenue of $62.8 million in 1971, or $1.08 a share. Its shares fell 6% to $4.80 as the market dropped 2.0%.

US International Airways founded in Atlanta

ATLANTA — TheChaser13 has founded US International Airways (UI), with $3.82 million from outside investors.

First Boeing 737-200 Advanced goes to US International Airways

ATLANTA — US International Airways has taken delivery of the world's first Boeing 737-200 Advanced, ten days after the airline was founded.

Sapporo welcomes the Winter Olympics

SAPPORO — Athletes, officials, media and spectators are arriving for the Winter Games.

seodongwoo airline beats forecasts by 78%

PARIS — seodongwoo airline earned F36.3 million in the fourth quarter of 1971, or F2.42 a share, against the F1.36 analysts expected. Its 1971 profit was F121 million.

American Airlines orders 737s and launches a frequent-flyer programme

NEW YORK — American Airlines has ordered 20 Boeing 737-200 Advanced and launched a frequent-flyer programme. It also announced New York routes to Denver, Detroit and St Louis.

SilverSky closes

BUENOS AIRES — SilverSky (SK) is winding down after its owner closed it. Its Buenos Aires–San Miguel de Tucumán service had been due to start today.

Sunset Vista misses quarterly forecasts

CHICAGO — Sunset Vista earned $14.2 million in the fourth quarter of 1971, or $0.94 a share. That was 9% short of the $1.03 analysts expected. Its 1971 profit was $52.3 million.

Worldwide Express receives first DC-10-10

CHICAGO — Worldwide Express has taken delivery of the world's first McDonnell Douglas DC-10-10.

Airline shares soar as the market jumps 44%

The market rose 44.2% in a single day.

• Alps Air gained 59% to F33.50.
• Mountain West Airlines rose 54% to $23.00.
• Sunset Vista climbed 52% to $30.00.
• Jikar Air added 43% to NZ$6.86.
• American Airlines and Alterra Airway each rose 42%, to $90.50 and $11.25.
• seodongwoo airline gained 34% to F63.00.

Polskie Linie Ludowe founded in Warsaw

WARSAW — Michal has founded Polskie Linie Ludowe (PL), with $3.85 million from outside investors.

Aeroflot widens its Moscow network

MOSCOW — Аэрофлот - Советские авиалинии will fly from Moscow to Ufa, Lviv, Kaliningrad, Odesa and Astana.

Japan Central Air founded in Tokyo

TOKYO — Underline has founded Japan Central Air (JC), with $3.85 million from outside investors. It plans 14 flights a week to Seoul from 10 April.

kosnix Air launches a frequent-flyer programme

AMSTERDAM — kosnix Air has introduced a frequent-flyer programme.

CityFly takes the first TriStar

TOKYO — CityFly has taken delivery of the world's first Lockheed L-1011-1 TriStar.

Tradewind Airways to fly Hong Kong–Tokyo

HONG KONG — Tradewind Airways will fly to Tokyo three times a week from 7 April.

Moin Air founded in Hamburg

HAMBURG — Katy has founded Moin Air (MO).

Anka Airways founded in Nicosia

NICOSIA — Anka Airways (1Y) has been founded with $3.87 million from outside investors.

American Airlines takes first 727-200 Advanced

NEW YORK — American Airlines has taken delivery of the world's first Boeing 727-200 Advanced. Worldwide Express ordered 20 of the type in January.

Aeris founded in Paris

PARIS — Gambito Sierra-Foxtrot-Sierra has founded Aeris (AE), with $3.87 million from outside investors. Paris now has a second home airline alongside seodongwoo airline.

Interflug GmbH founded in Berlin

BERLIN — Nile has founded Interflug GmbH (IF).

IndiaGo founded in New Delhi

NEW DELHI — HaGeBo has founded IndiaGo (IN), with $3.87 million from outside investors.

Interflug GmbH plans its first routes

BERLIN — Interflug GmbH will fly from Berlin to Hamburg and to Düsseldorf, 31 flights a week on each route, from 2 July.

Japan Central Air enters restructuring

TOKYO — Japan Central Air has missed three payments in 90 days and entered restructuring. It continues under a creditors' plan and must return to profit by 12 December or be liquidated.

FlyDansk founded in Copenhagen

COPENHAGEN — dcis has founded FlyDansk (FD), with $3.88 million from outside investors.

Interflug GmbH closes; Nile founds Eastern European

BERLIN — Interflug GmbH is winding down after its owner closed it. Its Berlin routes had been due to begin today. Nile, its founder, has founded Eastern European (EE), also from Berlin.

Mountain West Airlines receives first HS 748 Series 2A

DENVER — Mountain West Airlines has taken delivery of the world's first Hawker Siddeley HS 748 Series 2A.

Aeroflot takes the first Il-18D

MOSCOW — Аэрофлот - Советские авиалинии has taken delivery of the world's first Ilyushin Il-18D.

Miami Air founded

MIAMI — Andy903g has founded Miami Air (MI), with $3.90 million from outside investors.

RedHawk Air founded in Balikpapan

BALIKPAPAN — RedHawk has founded RedHawk Air (RA), with $3.91 million from outside investors.

Miami Air plans London service

MIAMI — Miami Air will fly Miami–London four times a week from 5 January 1973. It will be the airline's first route abroad.

Peter Air founded in Schkeuditz

SCHKEUDITZ — Nathanael has founded Peter Air (PA).

RedHawk Air files for restructuring

BALIKPAPAN — RedHawk Air has entered restructuring after its owner filed. It must return to profit by 15 March 1973 or be liquidated. On the same day it announced seven new routes from Jakarta.

RedHawk Air liquidated

BALIKPAPAN — RedHawk Air has been liquidated at its owner's request. Its aircraft go to market and its gates and slots are released.

Miami Air wins produce freight contract

NEW YORK — Miami Air will carry 28 tonnes a week of New York Fresh Produce freight from New York to Los Angeles for 11 months.

Japan Central Air liquidated

TOKYO — Japan Central Air has been liquidated after failing its restructuring with three missed payments in 90 days. It lost $17.3 million this year without flying a scheduled flight.

Ventra Airways founded in Subang

SUBANG — CHIN KAI YAN has founded Ventra Airways (VA), with $3.94 million from outside investors.

Ventra Airways takes the first DC-9-30

SUBANG — Ventra Airways has taken delivery of the world's first Douglas DC-9-30.

Dignity AIrlines founded

VELIKA GORICA — UnknownWsHere has founded Dignity AIrlines (DA), with $3.95 million from outside investors.

BluHawk founded in Jakarta

JAKARTA — RedHawk, founder of the liquidated RedHawk Air, has founded BluHawk (BL), with $6.08 million from outside investors.

Eurosky founded in Prague

PRAGUE — IlliaBA has founded Eurosky (ES), with $1.98 million from outside investors.

Aeroflot reaches into the Far East

MOSCOW — Аэрофлот - Советские авиалинии will fly from Moscow to Petropavlovsk-Kamchatsky, Yuzhno-Sakhalinsk, Yakutsk, Chita, Anadyr, Blagoveschensk, Magadan and Ulaanbaatar.

Nigglines founded in Milan

MILAN — Manents has founded Nigglines (NI), with $3.96 million from outside investors.

Aeroflot to fly to New York, Havana and Beijing

MOSCOW — Аэрофлот - Советские авиалинии will fly to Beijing from 28 November. Pyongyang, Havana and New York follow from 5 December, with one flight a week to each of Havana and New York.

Pantax Airlines founded in Zurich

ZURICH — berardiño has founded Pantax Airlines (PX), with $3.96 million from outside investors.

Eurosky announces its start

PRAGUE — Eurosky announced that it is starting operations from Václav Havel Airport Prague, with its first aircraft flying to nine destinations. It also announced Prague–Moscow from 6 November, with seven flights a week on a Boeing 727-100, and Prague–Frankfurt am Main from 3 November. The airline says tickets are on sale.

Omnium Air founded in London

LONDON — ilthomas has founded Omnium Air (OA), with $3.93 million from outside investors.

Omnium Air takes the first 747-200B

LONDON — Omnium Air has taken delivery of the world's first Boeing 747-200B.

kosnix Air lists its shares

AMSTERDAM — The 33% of kosnix Air held by its backers now trades at ƒ32.84 ($10.16) a share, valuing the airline at ƒ496 million.

Air Malac founded in Rome

ROME — Ale97 has founded Air Malac (AM), with $3.88 million from outside investors.

Munich Airways lists its shares

MUNICH — Munich Airways shares began trading at DM0.98 ($0.31), valuing the airline at DM14.7 million.

Douglas Airlines founded in Brussels

BRUSSELS — Douglas has founded Douglas Airlines (DG), with $3.98 million from outside investors.

GDAŃSK shares below the $1 minimum

GDAŃSK — GDAŃSK shares have closed below $1 for 30 days in a row. They must close at $1 or more for ten days in a row by 22 May 1973, or the board will consolidate them.

Miami Air takes the first 707-320C

MIAMI — Miami Air has taken delivery of the world's first Boeing 707-320C.

Azure Airlines shares below the $1 minimum

LONDON — Azure Airlines has until 5 June 1973 to lift its shares back above $1, or the board will consolidate them.

Maxair founded in Berlin

BERLIN — Nicht max has founded Maxair (MX), with $312,000 from outside investors.

ColdCross founded in Anchorage

ANCHORAGE — EliteHorizons has founded ColdCross (CO), with $3.99 million from outside investors.

Hajj travel begins

JEDDAH — Pilgrims are flying to Jeddah and Medina ahead of the Hajj, which culminates at Arafat on 14 January 1973.

Mekong Airways consolidates its shares

HO CHI MINH CITY — Mekong Airways shares stayed below $1, so its board has merged every 20 shares into one, at ₫2,559. Leftover shares were paid for in cash at ₫128 each.

Japan Airline closes

TOKYO — Japan Airline (JA) is winding down after its owner closed it. It had carried 1.27 million passengers this year.

Eastern European closes; Nile founds Interflug

BERLIN — Eastern European is winding down after its owner closed it. Its founder, Nile, has founded Interflug (IF) from Berlin, the third airline Nile has started this year.

SkyJet founded in Warsaw

WARSAW — Farflotz has founded SkyJet (SY), with $4.00 million from outside investors.