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  • July 14, 2014
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  1. Business - China Business - AVIATION

    Shandong Airlines orders 50 Boeing aircraft for US$4.6 billion

    Posted Apr 23rd 2014, 12:50am by AFP

    ... Agence France-Presse in Beijing The deal, worth US$4.6 billion, highlights the growing demand for air travel in the mainland Shandong Airlines orders 50 more Boeing aircraft Shandong ... not be reached to confirm the order, but it typically allows the customer to make the announcement. Shandong Airlines aims to increase its fleet to more than 140 aircraft by the end of 2020, roughly ...

  2. Business - Companies - INSURANCE

    Missing aircraft sparks interest in aviation insurance

    Posted Mar 24th 2014, 04:45am by Kwong Man-ki

    ... accident insurance begins only when the insured passenger steps into the aircraft and until he walks out of the cabin door, but he said other accidents could take place during the trip. Many ...

  3. Business - China Business - AVIATION

    China in talks with Airbus on US$20b aircraft deal

    Posted Mar 20th 2014, 01:35am by Reuters

    ... Reuters in Beijing Purchase expected to help restore trade ties between Beijing and Europe after row last year China in talks with Airbus on US$20b aircraft deal China is in talks to buy ... said when asked to confirm the aircraft order. "This will be an all-round development of relations." A spokesman for Airbus declined to comment. Spokesmen for Air China, China Eastern ...

  4. Business - Banking & Finance

    Minsheng uses aircraft business to expand overseas

    Posted Jan 06th 2014, 12:28am by KANIS LI

    ... Kanis Li kanis.li@scmp.com Bank hopes its leasing subsidiary can help to internationalise its brand and operations Minsheng uses aircraft business to expand overseas While many of the big names in mainland banking have expanded overseas by opening branches or acquiring foreign assets, China Minsheng Bank has adopted a different approach and is building its brand through aircraft ...

  5. Business - Companies

    AIG to sell aircraft leasing unit for US$5.4b

    Posted Dec 17th 2013, 03:55am by AFP

    ... Agence France-Presse in Washington AIG to sell aircraft leasing unit for US$5.4b Insurer AIG yesterday announced the sale of its aircraft leasing unit International Lease Finance Corp ... government, the largest rescue in the 2008 financial crisis. "As we have said all along, the aircraft leasing business is not core to our insurance operations," said Robert Benmosche, AIG ...

  6. Business - China Business - INVESTMENT

    US maker of flying cars seeks mainland China partners

    Posted Jun 23rd 2014, 03:08am by Kwong Man-ki

    ... its plan to put its flying car on the streets and in the air by 2016. In less than a minute, Terrafugia's Transition flying vehicle can be transformed from a car to an aircraft ... limited the development of private aircraft. Gao Yuanyang, a director of the general aviation industry research centre at Beihang University, said the mainland was opening up its airspace, ...

  7. Business - China Business - AVIATION

    In China, small plane makers chase growth in car industry slipstream

    Posted Jun 11th 2014, 01:15am by Reuters

    ... aircraft for the Ferrari motor racing team is looking into a new joint venture far from home- manufacturing in China. With the Ferrari family still owning a small stake, Piaggio Aero has talked ... this very seriously … [it is] a future possibility GIULIANO FELTEN, PIAGGIO AERO If Piaggio Aero finds a partner, it will join a growing string of smaller aircraft makers who have drawn inspiration ...

  8. Business - China Business

    Shanghai and Tianjin in aircraft dogfight

    Posted Oct 21st 2013, 03:56am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Cities are vying for the status as the mainland's financing hub for leasing firms Shanghai and Tianjin in aircraft dogfight Shanghai and Tianjin are jostling to be the mainland's aircraft financing hub, with the world's second-largest aviation market expected to see US$480 billion worth of aircraft acquired in the next 20 years. Tax ...

  9. Business - Companies

    Airbus receives zero orders for freighter aircraft this year

    Posted Oct 11th 2013, 12:00am by Charlotte So

    ... Charlotte So charlotte.so@scmp.com Zero orders for Airbus freighters this year A prolonged down-cycle in the air cargo market has taken a heavy toll on demand for new freighter aircraft, with Airbus receiving zero orders so far this year. "We will see a pick-up in buying behaviour once the surplus in freighter aircraft is absorbed," Andreas Hermann, vice-president freighters ...

  10. Business - China Business

    China's biggest home-grown aircraft to trail rival planes from Boeing, Airbus

    Posted Oct 03rd 2013, 02:02pm by Reuters

    ... Reuters in Singapore and Beijing China’s largest domestically produced aircraft may not enter service until early next decade, a delay that gives dominant rivals Boeing and Airbus time to launch their upgraded single-aisle planes first. The Comac C919, which will compete with the Airbus A320 and Boeing 737 family of aircraft, was scheduled for its first flight next year, ...




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