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  • August 21, 2014
  • Last updated: 3:42am
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  1. Business - Companies - AVIATION

    ICBC's aircraft-leasing arm aims to double number of planes

    Posted Aug 15th 2014, 05:23pm by Reuters

    ... into a market dominated by global players comes as mainland leasing firms, backed by state lenders, play an increasingly important role in the growing domestic aviation business. Nearly 6,000 new jets, worth US$780 billion, are expected to be delivered over the next 20 years, according to aircraft-maker Boeing. "Local companies have been expanding quickly and the growth potential ...

  2. News - China - AVIATION

    Chinese air traffic controllers fall asleep and force jet to delay landing

    Posted Aug 19th 2014, 05:52pm by AFP

    ... civil aviation authorities said in a statement quoted by Chinese business magazine Caijing. “But there was no reply, and no contact could be made with the control tower.” A separate ...

  3. Business - Companies - AVIATION

    Cheung Kong in talks to buy aircraft from leasing firm

    Posted Aug 04th 2014, 09:25am by SIJIA JIANG, Toh Han Shih

    ... the wealthiest man in Asia, is looking to venture into the capital-intensive business of aircraft leasing, but analysts wonder how much capital he will get back for his troubles. Cheung Kong (Holdings) ... could not confirm media reports that Cheung Kong was looking to pay US$5 billion for about 100 newer aircraft among Awas' portfolio of more than 280. "I don't quite understand why ...

  4. News - World - AVIATION

    Virgin America cabin crew form union

    Posted Aug 14th 2014, 09:42pm by AFP

    ... at the seven-year-old US affiliate of the Virgin Atlantic airline. The vote, with about 58 per cent voting in favour on Wednesday, brought organised labour to the last US airline without a union. The 830 flight ... major US cities and to Mexican resorts, Virgin America is US-controlled but 22 per cent owned by British tycoon Richard Branson's Virgin group, and it partners with Branson's Virgin ...

  5. Business - Companies - AVIATION

    Air India in pact with China Aircraft Leasing

    Posted Aug 04th 2014, 04:36pm by Bloomberg

    ... of China Aircraft Leasing's business would continue to come from its home market, Yu said. The company, which counts Air China, China Eastern Airlines and China Southern Airlines among its customers, has said it has a 3.1 per cent share of the business in the country. "We will continue to focus on China," Yu said. The company's shares yesterday rose as much as 3.36 per ...

  6. News - World - AVIATION

    US limits on drone use may impede research, some academics say

    Posted Jul 28th 2014, 09:41pm by AP

    ... Associated Press in Washington Recent US limits ban private institutions such as Harvard from using small unmanned aircraft Rules on drones may hurt research, academics warn American university and college professors are warning that US government restrictions on the use of small civilian drones are likely to hurt academic research. In a letter to the US Federal Aviation ...

  7. News - World - AVIATION

    Parents of teenage Asiana crash victim sue San Francisco officials over ‘wrongful death’

    Posted Aug 15th 2014, 06:04pm by Erin Hale

    ... on Wednesday. The suit also claims that the city and rescue teams violated the constitutional rights of Ye – who is a Chinese national – under the 14th Amendment of the US Bill of Rights. The amendement ... is represented by Krienderler and Kriendler, a prominent US law firm that specialises in aviation crash suits. Chinese survivors of the Asiana crash have previously filed a claim against Boeing for about ...

  8. Business - China Business - AVIATION

    China aircraft leasing market thrives but glut lurks

    Posted Aug 05th 2014, 07:59pm by SIJIA JIANG

    ... banks on surge in plane orders The lure of a potential US$1 trillion worth of aircraft orders with a significant chunk bound for the mainland has seen a flurry of new activity in the aviation ... their asset pool can have enduring attractiveness to guarantee rolling business and steady returns, or would the yield decline," he said. Yee said aircraft leasing was attracting investors ...

  9. Business - Companies - AVIATION

    Haeco results likely to be hit by labour shortage in Hong Kong

    Posted Aug 11th 2014, 03:56am by SIJIA JIANG

    ... capitalisation of HK$14 billion, run second only to Lufthansa Technik, owned by German flag carrier Lufthansa, in the aircraft maintenance business. But the stiff competition for skilled staff at home ... and overhaul (MRO) business requires a specially trained workforce that is ready around the clock. It takes five to 10 years for university degree holders or school leavers to become aircraft engineers ...

  10. News - Hong Kong - AVIATION

    Passenger 'tried to pull open cabin door' of Virgin jet sent back to Hong Kong

    Posted Aug 12th 2014, 10:36am by Alex Millson

    ... door were very unlikely, due to the air pressure inside the plane. The former US Airways pilot, with 33 years of experience, said the force needed to pull open the door in mid-air would ...




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