Tuniu Corp. ended a two-day gain as investors bet a US$500 million investment from HNA Tourism Group Co. won't be enough to turn the company profitable amid competition in China's online travel-booking industry. The American depositary receipts declined 0.8 percent to US$15.59 in New York on Monday after erasing a gain of as much as 7.2 percent. Trading volume of two million was more th...
The protracted search for Malaysia Airlines Flight MH370 will now focus on a specific region within the current search zone based on claims made by a British pilot who flies Boeing 777 planes. The multi-million dollar search for the plane, which went missing in March 2014, has dragged on for months without success. Captain Simon Hardy's theory is reportedly based on an assumption that Fligh...
A Norwegian Air Shuttle Boeing 737-800, registration LN-DYA performing flight D8-5360 from Tenerife South, CI (Spain) to Berlin Schoenefeld (Germany), was accelerating for takeoff from Tenerife's runway 08 when the crew rejected takeoff at high speed and came to a stop near the end of the runway with both right main gear tyres burst disabling the aircraft on the runway. The passengers dis...
Several passengers were mistakenly allowed to bypass checking in with customs and security officials after arriving on an international flight at John F. Kennedy Airport in New York City over the weekend due to a security snafu, according to the airline. American Airlines Flight 1671 arrived at JFK from Cancun, Mexico, at 8:50 p.m. Friday.When the plane landed, some of the passengers left...
A British Airways pilot has reportedly been left with significant damage to his eyesight after a "military-strength" laser was shone into the cockpit of his plane landing at Heathrow, in what appears to be the most serious laser attack to date in the UK. The pilot suffered a burned retina in his right eye and has not worked since, according to the head of the British Airline Pilo...
The Civil Aviation Authority offloaded all passengers onboard the Shaheen Airline flight NL-786 at the Bacha Khan International Airport yesterday on receiving intelligence information about a bomb suspected to be planted in the passenger plane. Sources in the Aviation Department said that the plane was bound to leave for Dubai when officials received information about a suspected device. S...
The National Business Aviation Association’s Convention & Exhibition last week was the strongest edition of the annual show since the economic downturn. The November 17 to 19 event in Las Vegas attracted some 1,100 exhibitors and better than 27,000 attendees, marking the highest level of participation since 2008, when there were more than 30,000 visitors. The 2014 attendee coun...
Exchange Income Corporation , a diversified, acquisition-oriented company focused on opportunities in two sectors (aviation and manufacturing), announced that its subsidiary, Provincial Aerospace, has been awarded a 5 year In-Service Support contract with an existing Middle East client. This contract is expected to generate additional revenues of in excess of $150M over the 5 years. “We are...
Rolls-Royce today marked the official opening of its £30m Production Facility extension to its Derby Assembly & Test Facility with a ceremony conducted by Business Secretary Sajid Javid. The 2867m2 extension will increase capacity to assemble Trent civil aero engines and become the production hub for the Trent XWB, the world’s most efficient large aero engine and the fastest-s...
Students at the Masdar Institute are helping the country’s oil and gas sector tap the fuel potential of Abu Dhabi’s mangroves. Mohamed Rashid Al Ghailani, 23, of Oman, is a postgraduate student taking part in the institute’s integrated seawater energy and agriculture system (Iseas) project. “Iseas is a system where we produce food as well as biofuels and other marketa...
LORD Corporation has signed AOG Heliservices, a leader in helicopter part sales, overhaul maintenance and other support solutions, as a global distributor for LORD elastomeric helicopter components. Established to provide added solutions for customers worldwide, the strategic partnership will enable AOG Heliservices and LORD to help reduce direct operating costs (DOCs), as well as improve servi...
Russian Earth remote sensing satellite constellation will be expanded to 15 spacecraft by 2020; it will help strengthen the country’s position at the global market in the geo-information products and services segment. It was stated at the plenary session of the XIII All-Russian open conference “Contemporary issues in the area of Earth remote sensing”, which was held on November 2...
