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Samsung in Talks with Korean Air for Jet Sale

Samsung Electronics is in talks with Korean Air to sell its private jets and helicopters. "We are discussing with Korean Air to sell the company-owned jets and helicopters, a deal valued at a few million dollars," the company said, late Friday, adding the deal value is subject to change. Samsung plans to sell two Boeing 737s and a Bombardier 7000, and two EC-155 and four...

Germany Orders United Airlines Flight back over Bomb Threat

A United Airlines flight to San Francisco was ordered back shortly after takeoff from Frankfurt airport Friday because of a bomb threat, German authorities said. After the jet landed back in Frankfurt, all luggage and people on board were searched but no explosives were found, a German federal police spokesman said. Nobody was detained in the incident. "Police received a threa...

Estonian Air’s restructuring plan has taken the airline to a profitable summer 2015

In addition to June and July this year, Estonian Air earned profit also in August. The profit of three months amounted to almost half a million euros. Last time the company had bottom line profit three months in a row in summer 2010. „We are happy to see that the company continued to operate profitably also in August despite of the fact that competition at aviation market has significantl...

Airbus developing drones that can fly for 90 days straight

Airbus is developing a drone that can fly for up to 90 days straight. The drones currently under construction have a wingspan of 80 feet, are able to fly at 70,000 feet and carry a payload of more than over 20 pounds. But the new models are estimated to be 35 feet larger and carry twice as much weight, the Telegraph reports. The Airbus Zephyr already has the record for longest continuous fli...

Deutsche Bank CEO to shy away from 'big bang' reform at board summit

John Cryan, Deutsche Bank’s new chief executive, will not present “big bang” reforms at a weekend supervisory board retreat, rather an acceleration of existing plans to shed assets and exit countries. The group’s 19-member top oversight body began a three-day meeting late on Thursday set to be held at the luxury Alpine resort near the Tegernsee lake south of Munich,...

Oil slides as Goldman Sachs cuts price forecast

Crude futures fell on Friday after Wall Street's most influential voice in oil trading, Goldman Sachs, slashed its price outlook through next year, citing oversupply and concerns about China's economy. Joining Germany's Commerzbank and a long list of other banks in cutting price projections, Goldman lowered its 2016 forecast for U.S. crude to $45 a barrel from $57 previously, and Br...

Vueling will hire up to 200 pilots as market demand grows

Spanish budget carrier Vueling has announced plans to hire as many as 200 first officers to meet market growth demand in the 2016 summer season. “We want to continue to provide professional opportunities to more pilots at our operational bases in Spain and elsewhere in Europe, as we have done in recent years,” COO Fernando Val said in a statement. For the upcoming recru...

Illegal Charter is Resurgent in Tough Russian Market

Russia is seeing a rise in the number of so-called “gray charter” flights that do not meet all legal requirements, according to members of the country’s business aviation community. Speaking to AIN on condition of anonymity on the eve of this week’s JetExpo show in Moscow, Russian business aviation executives said that the rise in illegal charter flying marks a re...

Indonesia will replace F-5 Tiger fighters with Su-35

In the near-term a squadron of 16 outdated US F-5 Tiger fighters will be replaced by a squadron of Russian state-of-the-art Su-35 multi-role fighters, Voenno-promishlenniy Courier reports with reference to Tempo. «We have made a decision to purchase a squadron of Russian Su-35 fighters to replace F-5 Tiger aircraft,» Indonesian Minister of Defense Ryamizard Ryacudu said following th...

AECOM wins contract to design world's largest new airport

Global, integrated infrastructure services company AECOM has secured a contract to design a new airport in Istanbul that will be the world's largest new airport in terms of annual passenger capacity. Istanbul New Airport will have a planned annual capacity of 150 million passengers. AECOM will design all the airside works for the project, including the three initial runways, taxiways...

TAV have constructed the world's best airport

TAV Construction receives award for world's best airport project for the Prince Mohammed Bin Abdulaziz Airport Project. TAV has been awarded at the 3rd Global Construction Summit organized by ENR, for the privatisation of Madinah Airport, which has been announced as the world’s best airport.   Madinah Prince Mohammed Bin Abdulaziz Airport is also the first Leadership in Ene...

Gama Aviation receives EASA approval as ATO

Gama Aviation has received EASA approval to issue aircraft type ratings. This enables the company to carry out landins training programmes under the new interpretation of the EASA Part-FCL requirements regarding base training. Gama Aviation has established its own CAA Approved Training Organisation (ATO) which meets EASA requirements. The ATO initially covers seven types of aircraft includin...

JFI Jets begins on-demand Cuba service

JFI Jets has begun providing an on-demand charter service to Cuba from its aircraft bases throughout the United States. “Few private charter carriers have the necessary certifications to fly to Cuba presently and even fewer have the local knowledge and contacts on the ground that are key to executing a flawless trip.” David Rimmer, president of JFI Jets said: “Few priva...

Toray Composites Enters into Supply Agreement with Bell Helicopter

Toray Composites (America), Inc.has entered into a Supply Agreement with Bell Helicopter, a Textron Inc. company, to supply carbon fiber prepreg materials for Bell Helicopter programs.  Initially, TCA will supply materials for the Bell 525 Relentless program.  The Bell 525 Relentless is the world's first commercial fly-by-wire helicopter and is currently in flight test and ce...

MTS Brings Prominent Aerospace Scientists Together

MTS Systems Corporation, a leading global supplier of high-performance test systems and position sensors, brought together members of the aerospace testing community last week at the Worldwide Aerospace Users' Group meeting in Wichita, KS. Held at the prestigious National Center for Aviation Training (NCAT), the two-day event provided a forum for attendees to learn about the latest tec...

Growth of Business Jet Market Forecast at 6.86% CAGR to 2020

Study of the Global Business Jets Market 2015 and Global Business Jet Market 2015-2019 are the latest aviation research reports that review the business jet industry with information on its players, current status and forecasts. Complete report on business jet market for 2015-2020 spread across 65 pages, talking about 6 major companies and supported with 9 charts and graphs is now available at&...

Electric Aircraft 2014-2024: Trends, Projects, Forecasts

Electric aircraft serve the need for reduced noise, air and ground pollution and reduced global warming. They provide freedom from foreign sources of oil. They make new things possible such as helicopters that can carry out a controlled landing after engineering failures thanks to electric backup and leisure aircraft getting all their "fuel" from solar cells on the hanger. They expand th...

Yuneec Announces Launch Of Tornado H920 At InterDrone 2015

 Yuneec International, the world leader in electric aviation, today announced the launch of the Tornado H920 hexacopter and the CGO4 professional gimbal camera.  The Tornado H920, the first release from the highly-anticipated Tornado series, is an aerial photography and videography platform designed with the professional user in mind. The Tornado H920 aircraft features an ultra-lightw...

United Airlines Unveils New Premium Seat for 200+ Narrowbody Aircraft

United Airlines is introducing a new, comfortable, custom-designed seat for first-class cabins on more than 200 of the company's narrowbody aircraft. The seat will debut on an Airbus A319 next week, with retrofits on A319s, A320s and many Boeing 737s and 757s through 2016.    Developed with input from customers whom the airline invited to test seat prototypes, the custom seat...

Mozambique to restrict int'l air access to three airports

The Mozambican state-run airports and aeronautical infrastructure management firm Aeroportos de Moçambique (ADM) is planning to reduce the number of the country's international gateways from the current eight, to just three. Speaking in the capital, Maputo, the chairman of ADM, Emanuel Chaves, said the move would ensure maximum use is made of the newly refurbished airports of Ma...

Lufthansa pilots propose fresh talks with management

German pilots' union Vereinigung Cockpit has proposed fresh talks with Lufthansa management over early retirement benefits, a day after a court ruled a strike was unlawful because the union had overstepped its mandate. The union and management have been locked in a long-running battle that has resulted in 13 strikes over 18 months. The dispute began over Lufthansa's plans to scrap a sch...