Firm to buy 82 new jetsInternational Lease Finance Corp...

BUSINESS DIGEST

December 16, 1992

Firm to buy 82 new jets

International Lease Finance Corp., a jet leasing company, said yesterday that it had placed orders to buy 82 new jets, handing rare and welcome news to the aerospace industry in general and Boeing Co. in particular. The company, which is based in Century City, Calif., said it had ordered 53 jets from Boeing, 28 from Airbus Industrie and one from McDonnell Douglas Corp., for a total price tag of $4.1 billion.

Analysts said the orders reflect an emerging market share in the aerospace industry, with Boeing picking up nearly 65 percent of the orders to Airbus' 34 percent.

Formula makers settle complaint

Two of the nation's top three makers of baby formula agreed to pay $5 million to settle charges by New York that they conspired to drive up prices, the state attorney general said yesterday. The agreements called for Bristol-Myers Squibb Co. to pay $4 million and American Home Products Corp. $1 million.

BP to eliminate 8,000 jobs

British Petroleum Co., citing continuing hard times, said yesterday that it plans to cut 8,000 jobs from its worldwide payroll of more than 100,000 over the next three years.

COMAIR begins Cincinnati service

COMAIR, a Cincinnati-based regional airline, began a new round-trip commuter service yesterday from Baltimore-Washington International Airport to Cincinnati.

The flight will operate daily except Sunday. COMAIR offers connecting flights for Delta Airlines, which flies three nonstop flights a day from Baltimore to Cincinnati.

Ad firm wins Harrah's account

Trahan, Burden & Charles has won the national public relations account for Harrah's Casino Hotels, the Baltimore advertising agency announced yesterday. The firm would not disclose the value of the account.

Westinghouse elects officers

The board of Westinghouse Electric Corp. elected three vice presidents and elevated a fourth to the rank of senior vice president as part of its recent top-management reorganization. Among those promoted was Aris Melissaratos, 49, who was named general manager of corporate productivity and quality last year.

He previously held a variety of positions at the company's Baltimore-area operations.

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