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Lufthansa eyes buying most of Air Berlin’s aircraft

GERMANY’S Lufthansa is considering buying a majority of insolvent Air Berlin's aircraft, two people familiar with the matter said, as the government and rivals race to carve it up. Air Berlin, Germany’s ...

August 18, 2017, Friday

Air Berlin files for bankruptcy

Air Berlin, Germany’s second largest airline, filed for bankruptcy protection yesterday following years of losses and after key shareholder Etihad Airways withdrew funding, with bigger rival Lufthansa...

August 16, 2017, Wednesday

Sri Lanka, China sign US$1.1b port deal to boost Belt and Road

SRI Lanka’s government on Saturday signed a long-delayed agreement to sell a 70 percent stake in a US$1.5 billion port to China in a bid to recover from the heavy burden of repaying a Chinese loan obtained ...

July 31, 2017, Monday

2nd C919 made ready for tests

A second C919 aircraft made for flying tests is seen taking shape at a Commercial Aircraft Corp of China plant in Shanghai yesterday. The plane is set to undertake onboard tests soon and is expected to make its first flight in the fourth quarter of the year, the corporation said. The first C919, China’s first home-developed narrow-body passenger aircraft, made its maiden flight at the city’s Pudong International Airport on May 5. It was used to test flying conditions, onboard equipment and landing gear while the second will be tested on engine and fuel systems, the developer of the single-aisle, 150-seat jetliner said earlier. Six C919 jets will be assembled for flying tests before it begins commercial operation, which is scheduled to take place around 2020. ...

July 27, 2017, Thursday

Copter firm eyes bigger potential in China

CHINA has surpassed the United States to become the world’s largest civil aircraft market of Airbus Helicopters in terms of annual booking, say company executives. “China is quite a dynamic market with ...

July 27, 2017, Thursday

Chinese rail investment set to hit new high

CHINA’S railway investment rose in the first half year and the investment is set to hit a new high in 2017, authorities said yesterday. In the first half year, fixed asset investment on railways hit ...

July 27, 2017, Thursday

Boeing’s Q2 net income up

BOEING reported better-than-expected quarterly earnings yesterday and lifted its full-year profit forecast, citing a strong operational performance and tax savings. Net income in the second quarter was ...

July 27, 2017, Thursday

India tries solar-powered train

The solar-powered DEMU (diesel electrical multiple unit) train is seen at Sarai Rohilla railway station in New Delhi. India has added solar panels to the roof of a train in a national first as it tries to cut its massive carbon footprint and modernize its colonial-era rail network. The lighting, fans and information displays inside the train will run off the sun’s energy....

July 20, 2017, Thursday

Russian air show starts

Russian police march past airplanes yesterday during the opening day of the annual air show MAKS 2017 in Zhukovsky, some 40 kilometers outside Moscow. About 700 Russian and 180 corporations from 36 countries are expected to participate in the six-day air show....

July 19, 2017, Wednesday

FedEx sees lower fiscal results

FEDEX Corp said its fiscal 2018 results would be hurt in part due to disruption of operations in its TNT Express unit following a cyber attack last month. The Netherlands-based TNT Express is still experiencing ...

July 18, 2017, Tuesday


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