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China’s homegrown jet in business

THE first Chinese-made regional passenger jet landed at Shanghai’s Hongqiao airport yesterday on its inaugural flight from the southwestern city of Chengdu. Passengers on board included Li Jian, deputy ...

June 29, 2016, Wednesday

Locks double Panama Canal’s load

WITH a band playing and flags waving, a Chinese ship carrying more than 9,000 containers yesterday entered the newly expanded locks that will double the Panama Canal’s capacity in a multibillion-dollar ...

June 27, 2016, Monday

Airbus to show off new aircraft in China

An Airbus A350 is pictured in Schoenefeld, Germany, in this file photo. Airbus yesterday announced the world’s newest airliner, the A350 XWB, will make its first demonstration tour of China between Saturday until July 2. During the trip, a test aircraft will fly to Beijing, Shanghai, Guangzhou, Haikou and Chengdu. The A350 XWB is a symbol of strategic industrial cooperation between Airbus and China’s aviation industry, with 5 percent of the airframe manufactured in China. ...

June 22, 2016, Wednesday

Iran seals deal to buy 100 Boeing aircraft

IRAN yesterday said it has reached an agreement with Boeing to purchase 100 aircraft to renew its aging fleet, though the deal must still be approved by the US government. The Islamic republic has ordered ...

June 20, 2016, Monday

Didi Chuxing nets US$4.5b to fight off rivals

China’s most popular ride-hailing application Didi Chuxing said yesterday that it netted US$4.5 billion in fundraising in its latest financing round to help it fight both foreign and domestic rivals....

June 17, 2016, Friday

Didi Chuxing gets US$4.5 billion in its second round of fundraising

China’s most popular ride-hailing application Didi Chuxing said today it raised US$4.5 billion in its latest round of fundraising, which includes previously announced investment from Apple and China Life ...

June 16, 2016, Thursday

India sets new aviation policy

INDIA overhauled rules governing the world’s fastest growing aviation market yesterday to make it easier for new airlines to fly overseas, aiming to boost air travel and economic growth. Prime Minister ...

June 16, 2016, Thursday

China Life invests US$605m in Didi

CHINA’S largest ride-hailing application Didi Chuxing yesterday received a strategic investment of US$605 million from China Life Insurance, comprising an equity injection of US$300 million and a long-term ...

June 14, 2016, Tuesday

Didi Chuxing gets funded by China Life Insurance

China’s largest ride-hailing application Didi Chuxing said it received a strategic investment of approximately US$600 million from China Life Insurance (“China Life”), including an equity investment of ...

June 13, 2016, Monday

Cost-saving 3D printing tech is future of aviation

DWARFED by huge jets all around, the mini-plane Thor was nonetheless an eye-catcher at the Berlin air show last week — the small Airbus marvel is the world’s first 3D-printed aircraft. Windowless, weighing ...

June 6, 2016, Monday


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