Reading Time: 2 minutes Chinese leadership views investing in domestic aviation, both civilian and military, as one of the country’s top priorities in hopes that this will help Beijing improve its manufacturing industry, boost innovation and improve national defense, Xinhua reported. Geng Ruguang, Executive Vice President of the Aviation Industry Corporation of China (AVIC), described aviation industry as the […]
Reading Time: 2 minutes Air Canada announced today that it has priced a private offering of senior secured notes and received commitments from lenders for a new credit facility in connection with its C$1.25 billion refinancing transaction. As part of its refinancing transaction, Air Canada entered into a purchase agreement with a syndicate of initial purchasers relating to a […]
Reading Time: 2 minutes Airbus has commenced the final assembly of its first A330neo, an A330-900, at its Final Assembly Line in Toulouse with the joining of the wings to the centre fuselage at station 40. As the newest member of the world’s most popular A330 wide-body family the A330neo builds on the Family’s proven economics, versatility and reliability, […]
Reading Time: 2 minutes China’s leading provider of commercial airplanes, projects a demand for 6,810 new airplanes in China over the next 20 years. Boeing released its annual China Current Market Outlook (CMO) today in Beijing, estimating the total value of those new airplanes at $1.025 trillion. China becomes the first trillion dollar aviation market in Boeing’s forecast. “As […]
Reading Time: < 1 minute The International Air Transport Association (IATA) and Egyptian authorities are working together to find a practical solution to release, for repatriation foreign exchange funds due international airlines operating to Egypt. Since March, airlines have been unable to repatriate the full amount due them under international conventions, as a result of restrictions imposed by the Government […]
Reading Time: 5 minutes Undoubtedly, Airbus and Boeing are considered to be not only the most powerful units in the large jet airliner market but arch rivals, too. Each of their achievements and loses receives extremely precise look and judgment. By this time more than a half year has already passed and the Farnborough Air Show has come to […]
Reading Time: < 1 minute Thousands of travelers faced chaos Tuesday after low-cost Spanish airline Vueling cancelled and delayed fights for the sixth consecutive day, local media reported. More than 76,000 passengers have been affected since the airline began changing flights at Barcelona’s El Prat Airport. On Tuesday, Vueling cancelled 66 flights. The airline blamed a “strike by French air traffic […]
Reading Time: 3 minutes A few weeks ago Airports Council International (ACI) made their calculations and information updates about the world‘s busiest passenger airports in 2015. With the updated traffic results of the world’s biggest hubs it will be our pleasure to reveal TOP 12 busiest airports for passenger traffic in 2015. The definition of world’s busiest airport has […]
Reading Time: < 1 minute The European Aviation Safety Agency announces today the creation of a task force to assess the risk of collision between drones and aircraft. The task force will: • Review all relevant occurrences including the occurrences collected by the European Member States, • Analyse the existing studies on the subject of impact between drones and aircraft, […]
Reading Time: 2 minutes A Russian Su-25 warplane crashed while performing a training flight in Stavropol Territory, the south of Russia, at 19:23 Moscow time on Monday, the Russian Defense Ministry’s press service said, according to Russian news agency RIA Novosti. The jet was carrying no weapons and crashed in a non-populated area not far from the Budennovsk airfield, […]