Air France Flight 4590 crash and possible remedies. Air France's Concorde operation had been a money-losing venture, but it is claimed that the aeroplane had been kept in service as a matter of national pride; British Airways claimed to make a profit on its Concorde operations. According to Jock Lowe, a Concorde pilot, up until the crash of Air France Flight 4590 at Paris, the British Airways Concorde operation made a net average profit of about £30m a year. Commercial service was resumed in November 2001 after a £17m safety improvement service, until the remaining aircraft were retired in 2003. The official investigation was
Concorde Agreement 5, 1996 the new Concorde Agreement was signed by all the teams except McLaren, Williams and Tyrrell. The agreement was to run from January 1, 1997 to 2002. By taking a stand against the actions of Bernie Ecclestone, the FIA and the wider commercial aspects of Formula One, McLaren, Williams and Tyrrell lost both influence in the sport and income which they would have received as signatories. A compromise was reached and on August 27, 1998, the 1998 Concorde Agreement was signed which accommodated the three teams and which expired on December 31, 2007. On 7 December 2004, at a