Group rates airlines for safetyAmerican Airlines, Delta...

BUSINESS DIGEST

September 01, 1993

Group rates airlines for safety

American Airlines, Delta Air Lines and Southwest Airlines are among the safest carriers in the industry, the International Airline Passengers Association said yesterday.

The passenger group also placed British Airways, Lufthansa German Airlines and Scandinavian Airlines Systems (SAS) on the list of the world's safest major carriers.

The association based its rating on 10 years of data that included accidents per million flights, fatalities per million passengers, quality of pilot training and maintenance, aircraft age and commitment of the airline's home country to safety.

REIT shares offered at $10.50

An initial offering of 3 million common shares of Mid-Atlantic Realty Trust, a real estate investment trust of BTR Realty Inc., was priced at $10.50 each through underwriters led by county NatWest.

The company had expected the shares to be offered between $9 and $12 each.

Linthicum-based BTR said it intends to convert to a real estate investment trust through a merger with the newly formed REIT, Mid-Atlantic Realty Trust, which will take over the business and operations of BTR, conditional on the completion of the offering.

Navy picks Hagerstown company

The U.S. Navy has chosen a Hagerstown firm to publish its service manuals, a move that will create up to 150 new jobs at the company.

The five-year contract was awarded to Harry Kahn Associates Inc. to make updated service manuals on all Navy aircraft in the United States. The company has 10 employees.

Two law firms have merged

The Baltimore law firm of Smith, Somerville & Case said yesterday that it has merged with the Owings Mills firm of Sidle & Sidle P.A., a corporate, taxation and real estate law boutique with four attorneys.

Sidle & Sidle partners Daryl J. Sidle, A. Michael Sidle and Lawrence S. Conn have become partners with Smith, Somerville, while Cynthia D. Penny-Ardinger has become an associate. The merger brings Smith, Somerville's ranks to 73 attorneys, up from 65 a year ago.

UNC division gets Navy contract

Annapolis-based UNC Inc. said its UNC Aviation Services division has been awarded the contract to provide all organizational and intermediate-level maintenance for designated aircraft under the U.S. Naval Air Training Command.

The fixed-price contract runs for one year with four one-year options. The value of this contract in its first year is approximately $49 million; the potential five-year total value of the contract is approximately $178 million.

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