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Irkut Corporation demonstrates Yak-130 jet fitted with laser rangefinder at MAKS-2015 airshow for the first time ever

Irkut Corporation (part of United Aircraft Corporation) demonstrates Yak-130 operational trainer fitted with laser rangefinder at the static display of MAKS-2015 international airshow for the first time ever. The rangefinder is intended for visual identification of ground and surface targets by the crew, and measurement of slant distance to them, the corporation reported. “Yak-130 (tail n...

Rosneft and Viking Air signed a contract for delivery of 10 aircraft

RN-Aircraft (part of Rosneft Group) and Viking Air Limited (Canada) signed a contract for delivery of 10 aircraft, TASS reports with reference to a press release of the Russian Company. “One of Rosneft’s top-priority objectives is to ensure efficient and reliable provision of aviation services in hard-to-reach regions on behalf of the company. DHC-6 Series 400 Twin Otter multi-role...

Saudia Cargo Resumes Freighter Operations to JFK

Saudi Airlines Cargo Co. will start operating freighter flights to John F. Kennedy International Airport starting on September 4 in response to the size of the growing demand for shipping operations. The scheduled weekly freighter flight will run from Jeddah to New York City. Acting VP Commercial, Rainer Mueller, stressed that “this step will enhance the activity of air cargo operations t...

Norwegian increases its long-haul fleet and acquires two new Dreamliners

Norwegian has signed an agreement to acquire an additional two new Boeing 787-9 Dreamliners, enabling the company to launch even more long-haul routes. Both aircraft are scheduled to enter service in summer 2017. The 787-9 is larger than the eight 787-8s that Norwegian currently operates on its long-haul routes. With this new agreement, the long-haul fleet will consist of 19 Dreamliners by 2018....

Qatar Airways Returns To Nagpur, India

DOHA, Qatar – Highlighting the importance of its ongoing expansion and commitment to the Indian market, Qatar Airways will be reinstating its non-stop flights to Nagpur, India, from Doha, starting 1st December 2015. The re-instated service will take the airline’s total weekly passenger flights from 95 to 102 across 13 key cities in India. Qatar Airways had previously served Nagpur from...

With Putin's Blessing, Boeing Boosts Russian Partnership

Russian President Vladimir Putin used his visit to this week’s MAKS airshow in Moscow to urge Western aerospace firms to expand their partnerships with Russian companies despite continuing economic sanctions against Russia imposed by the European Union, the U.S. and Canada. Commenting after an event on August 25 when Boeing appointed Russian titanium supplier VSMPO-A...

Finavia will introduce new technology in security check

Finavia Corporation will introduce new technology at itsairports to improve the security check process and increase air traffic safety. From the beginning of September, explosives trace detectors will be used in the security check process at Finavia airports to better detect objects and substances not to be carried aboard airplanes. Initially, the devices will be used at Helsinki and Ou...

Greece to sell its airports to Fraport in €1.2bn deal

The Greek government has rowed back on promises to halt the fire sales of the country's strategic assets by approving the sale of its airports to a German company. The €1.23bn deal represents a significant climbdown for Alexis Tsipras, who had denounced attempts by the troika to force various Greek governments to de-nationalise the country's ports, electricity networks an...

AAR reaches 60-year milestone in aviation

AAR announces it has reached a significant milestone – 60 years in the aviation industry. On this date in 1955, AAR’s founder Ira A. Eichner incorporated his start-up aircraft radio and equipment supply business in downtown Chicago. What began as a one-man operation is now an industry-leading provider of aviation services to commercial airlines, OEMs and governments around the...

Pets on jets: caring for yourself and your furry friend

According to Euromonitor, the global spending on domestic animals will overstep the $100bn barrier for the first time in history this year, rising to $103.8bn from $98.3bn in 2014. People are so devoted to their pets that right now there are around 1 million dogs named as the primary beneficiaries in their owners' wills in the US alone. And while animal lovers opt to keep their furry friends c...

Asia stocks take heart from Wall Street rally

Asian stocks rose on Thursday as a sharp rebound on Wall Street eased fears of a protracted global market rout, while the dollar steadied as risk appetite returned. Sentiment was also supported by comments from New York Fed President William Dudley on Wednesday who said the prospect of a September rate hike "seems less compelling" than it was only weeks ago given the threat posed to t...

Fidelity Investments considers dropping AmEx, BofA as partners: Bloomberg

Mutual fund provider Fidelity Investments is considering dropping American Express Co (AXP.N) and Bank of America Corp (BAC.N) to find new partners and better terms, Bloomberg reported, citing people familiar with the matter. Visa Inc (V.N) and MasterCard Inc (MA.N) are in talks with Fidelity to replace AmEx, Bloomberg cited the sources as saying. Warehouse club retailer Costc...

Satcom Direct first in business aviation to be Jet ConneX ready

Satcom Direct is the first business aviation communication provider to provision and validate its services over Inmarsat’s new Ka-band network. Expected to be available by the end of 2015, Jet ConneX will provide customers the fastest satellite data rates in business aviation, enhanced by Satcom Direct value added services. Jet ConneX is the business aviation version of Inmarsat’s G...

VEB is going to take part in financing deliveries of Sukhoi SuperJet 100 to Mexico

Vnesheconombank (VEB), United Aircraft Corporation (UAC), Sukhoi Civil Aircraft Company (SCAC) and SuperJet International S.p.A. signed a memorandum of cooperation at MAKS-2015 airshow. The document was signed by the First Deputy Chairman – member of the VEB Management Board, Petr Fradkov, UAC President Yuri Slusar, SCAC President Ilya Tarasenko and SuperJet International S.p.A. CEO Nazar...

Swiss eyes boost in Asian capacity

Switzerland's flag carrier SWISS will spend up to SFR6 billion ($6.4 billion) over the next two years to increase capacity, with a significant proportion of that in Asia. Following its upgraded order for nine Boeing 777-300ERsin May this year, it will replace its aging Airbus A340-300s on several Asian direct routes with the new aircraft. The first to see the B777 upgrades will be i...

China’s Spring Airlines’ 1H profit climbs 129%

hanghai-based low cost carrier Spring Airlines has reported a net profit of CNY619.5 million ($97 million) for the first half of 2015, up 129% over the CNY270.8 millionfor the same period the previous year. Operating revenue was up 15% to CNY3.95 billion, while operating costs increased 2.8% to CNY3.1 billion. The airline credited lower fuel prices and “robust growth in...

Azul experiments with ‘Brazil Air Pass’ for US passengers

Azul Brazilian Airlines is offering passengers from the US single-price passes for unlimited flying in Brazil over set time periods. Any US passenger flying to/from Brazil aboard Azul or United Airlines is eligible for the “Azul Brazil Air Pass.” Unitedannounced an agreement with Azul in June to acquire a 5% stake in Azul and it entered into a partnership with the Brazilia...

Shun Tak Holdings confirms plans to close Jetstar Hong Kong

The fate of Jetstar Hong Kong (Hong Kong Chek Lap Kok) has been sealed after Hong Kong-based property and transportation conglomerate, Shun Tak Holdings, announced it would not invest any further funds into the failed start-up. "After reviewing the decision and potential course of actions, the Group has resolved not to further invest in the business of JHK and proposed to termina...

Super Puma will get Russian certification soon

Airbus Helicopters is planning to get Russian type certificate for its 11-ton transport helicopter H225 Super Puma in the nearest future. The helicopter was known as EC225. Mickael Melaye, Director of operational marketing commented on that for Bizavnews : " We are on the final stage of the certification process, we hope to get long-awaited testimony in September...

Russian bank arranges financing for Cuban-bound An-158

Russia’s Roseximbank has signed an agreement with Ilyushin Finance Co. (IFC), a Russian leasing company, to provide $70 million in export financing for Antonov An-158 aircraft for Cubana de Aviación. The agreement, signed at the MAKS Air Show in Moscow, follows a series of similar deals involving Russian-built airliners for Cuban carriers. “Roseximbank has been c...

SilkAir to Offer Services to Male Together with Singapore Airlines

From 25 October 2015, SilkAir, the regional wing of Singapore Airlines, will begin four times weekly services to Male. Previously, Singapore Airlines offered a variable frequency of 10 to 14 flights a week to the capital of the Maldives. Now, together with SilkAir’s new services, both airlines will offer a total of two round-trip services a day, subject to regulatory approval. Singapore A...