Air New Zealand is considering a judicial review of a ruling that its acquisition of up to half of Ansett Australia's stock would create a monopoly for New Zealand's domestic services.

The Asian Aerospace exhibition in Singapore has a knack for offering solace to the aerospace industry in uncertain times. Over the past four years, manufacturers have come to the show with more optimism than they could muster in other regions. Results become more promising every day as Asia helps lead the industry out of a record-breaking slump.

The Boeing Co. is on a roll with an order for 54 next- generation 737s (see p. 28), earnings of 74 cents per share for the second quarter ended June 30 versus Wall Street's consensus prediction of 47 cents, and a stock price that set a record $67 last week before retreating slightly. In the year-ago period, Boeing earned 65 cents per share.

When the FAA adopted a new regulation governing aircraft seat construction and testing in 1988, few in the industry foresaw major problems with the rule.

In the unlikely event that all of the remaining 370 Sabreliner business jets were suddenly to disappear from the face of the Earth or its atmosphere, the aircraft's main source of support, Sabreliner Corporation, would not instantly go out of business.

Continental Airlines is exceeding its targets for improving performance laid out in a plan to make 1995 its first profitable year in a decade, but a dispute with its pilots threatens to scuttle that progress. The airline's president and chief executive, Gordon R. Bethune, told stockholders at their annual meeting in Houston last week that Continental has exceeded revenue and expense targets every month since its performance plan was launched in January.

Canadian Airlines International is taking a calculated risk this summer, with preliminary support from labor after a disappointing C$108.6-million ($78.2 million) first-quarter loss. The Calgary-based carrier has launched an aggressive summer schedule, boosting capacity by 15%. Key unions have agreed to productivity improvements under an interim agreement that allows Canadian to operate additional frequencies this summer at virtually no increase in labor costs.

The A300-600ST, the world's widest cargo aircraft, is completing its flight test program and is scheduled to obtain certification in September.