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World aircraft news

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China Minsheng Investment Seeks to Buy U.S. Private-Jet Company

China Minsheng Investment Corp., one of China’s largest private investment funds, said it’s planning to enter the North American market as it grows its aviation business. Shanghai-based CMI is in talks to acquire a private-jet company located in the western part of the U.S., the company’s vice president Kong Linshan said in an interview Friday in Singapore. Kong declined to na...

Russian plane leaves Egypt’s airspace before disappearing from radars near Larnaca

The Russian passenger plane has left Egypt’s airspace before disappearing from radars near Cyprus’ Larnaca, Sky News Arabia TV channel reported on Saturday. The plane that took off from the Sharm el-Shaikh airport in the morning was carrying 212 people. It was earlier reported that the plane crashed in the central part of Egypt’s Sinai Peninsula. The Egyptian Embassy&rsq...

Russian Helicopters Showcases Latest Helicopters at FIHAV-2015

Russian Helicopters (part of State Corporation Rostec) is taking part in Havana International Fair (FIHAV-2015), where it will showcase its helicopter range - both current commercial models that operators from diverse countries are already familiar with and upcoming commercial helicopters. FIHAV-2015 will be held in Havana, Cuba, from 2-7 November 2015. Russian Helicopters' exhibition can be f...

ITP strengthens its presence in Asia Pacific with the opening of a new representative office in Singapore

ITP has opened a new representative office in Singapore with the aim of strengthening its presence in the MRO (Maintenance, Repair and Overhaul) market in Asia Pacific. ITP has an established portfolio of clients in the region, including airlines like Cebu Pacific, Lion Air, Asian Wings and Yangon Airways. From its new office in Singapore, the company will have a closer inte...

Airbus Group Reports Strong Nine-Month (9m) 2015 Results

Commercial aircraft market robust with book-to-bill above 1  Single-aisle aircraft production rate to increase to 60/month in mid-2019 Board of Directors approves € 1 billion share buyback for completion by mid-2016** Airbus Group SE (stock exchange symbol: AIR) reported strong nine-month results and confirmed its 2015 guidance. “We again increased revenues, profitabil...

JAL Group Announces Consolidated Financial Results

JAL Group (JAL) today announced the consolidated financial results for the first six months of the fiscal year of 2015 – the period from April 1 to September 30, 2015. For the details, please refer to attached [Consolidated Financial Results for the Six Months Ended September 30, 2015]. During the reporting period (hereinafter referred to as the “second quarter”), the Jap...

AW609 Prototype Crashes in Italy, Killing Both Pilots

An AgustaWestland AW609 tiltrotor prototype crashed in Italy this morning while on a routine test flight, killing both crewmembers. The aircraft went down outside Santhia in Vercelli province. Italy’s National Agency for Flight Safety (ANSV) is investigating. Unconfirmed Italian press reports indicate that one of the engines was on fire before the crash. In a writte...

Lufthansa profits increase but Cargo makes a loss

Lufthansa Group has seen profit increase by 262.7 per cent to 1.7 billion euros ($1.9 billion) helped by selling its stake in JetBlue, the Cargo division making a loss in the third quarter. The Group says 500 million euros of the 1.7 billion euros profit came from selling its equity stake in JetBlue in the first half of 2015. Revenue for the whole airline in the first nine months of 2015 increa...

Norwegian appoints Jan de Rijk as RFS

Norwegian Cargo has appointed Jan de Rijk Logistics as its road feeder service partner to extend its delivery network to more than 50 airports across Europe. The carrier says freight Forwarders will be able to take advantage of its expanding network between London and the US. It says shipments arriving in London from the US will be able to make onward connections t...

London Oxford Airport offers free shuttle services to new rail station

London Oxford Airport has begun offering business jet passengers and crew complimentary shuttle services to and from Oxford Parkway Station. The station, located five minutes’ away from the airport, offers high speed services to Marylebone Station in just under an hour, with trains running every 30 minutes. “The thoroughly modern transport hub at Oxford Parkway with its new hig...

Flying Colours gains STC for Challenger 604/605

Flying Colours achieved a Supplemental Type Certificate for ADS-B OUT for Bombardier Challenger 600-2B16 (604 and 605) airframes from the US-based FAA. The first aircraft to be fitted with the system, a Bombardier Challenger 605, was completed at their USA facility in late September. The STC will be submitted for validation by both Transport Canada and Europe’s EASA this year. Followin...

India Plans Flight Tax To Fund Travel Boost

India plans to impose a 2 percent levy on most domestic and international airline tickets, raising funds to improve regional air travel infrastructure as part of a proposal to get more Indians flying. Releasing the government's draft aviation policy, civil aviation secretary R.N. Choubey said the tax may raise about INR15 billion rupees (USD$230 million). Funds will go towards reopening hun...