China’s state-owned aero-engine group has started formal operations in an effort to develop domestic, high-tech businesses to compete in international markets. The new entity—China Aviation Engine Group—has a registered capital of CNY50 billion ($7.62 billion).
The Civil Aviation Administration of China (CAAC) will limit operations of North Korea’s state-owned flag carrier Air Koryo in China after its Russian-built Tu-204 aircraft made an emergency landing in Shenyang because of smoke in the cabin last month.
The Civil Aviation Administration of China (CAAC) is expected to raise the bar on approving new entrants in the domestic airline industry in light of market saturation and possible excessive competition.
Shanghai-based Juneyao Airlines is expected to join Star Alliance’s Connecting Partner Model (CPM) program in an effort to facilitate its rapid international expansion, according to an industry insider.
China’s HNA Group subsidiary HNA Aviation Air Catering has increased its stake in Swiss airline catering and logistics services company Gategroup from 61.7% to 96.1% as it steps up its international pace.
Hainan Airlines is expected to raise its stake in Shanghai-based Yangtze River Airlines from 0.37% to 11.6% with an investment of CNY915.2 million ($136.8 million) to enhance its position in Shanghai and the East China market.
FAA is contending with a backlash from some communities around airports where Performance Based Navigation (PBN) procedures have inadvertently created concentrated areas of increased aircraft noise....More