Tag: economy

Australia Signs Open a Skies Agreement with China

Reading Time: 2 minutes Chinese airlines will have unrestricted capacity into Australia after the federal government announced it had reached an agreement with China for an “open aviation market” between the two countries. The agreement, announced on Sunday, paves the way for China-based carriers to maintain the furious pace of growth into this country in recent times, catering for […]

China Will Need Almost 6,000 New Aircraft in the Next 20 Years

Reading Time: 2 minutes Airbus forecasts that China will need nearly 6,000 new passenger aircraft and freighters from 2016 to 2035, with a total market value of US$ 945 billion. It represents 18 per cent of the world total demand for over 33,000 new aircraft in the next 20 years. According to Airbus’ 2016-2035 Global Market Forecast, new deliveries […]

Sanctions Over Jet Downing Hit Turkish Economy

Reading Time: 3 minutes Sanctions ordered by Russian President Vladimir Putin in response to the downing of a Russian warplane are already weighing on the Turkish economy. The plane was shot down on the Syrian-Turkish border on Nov. 24, and the package of sanctions was announced shortly after. The incident has become a point of heated contention between Putin […]