Latest news with #aviationIndustry
Zawya
18-06-2025
- Business
- Zawya
IAG's Iberia plans to increase long-haul fleet to 70 aircraft
International Consolidated Arlines' Spanish airline Iberia plans to increase its fleet of long-haul aircrafts to 70 from 45 now, it said in its new 2030 strategic plan, released on Wednesday. The airline plans to invest 6 billion euros ($6.90 billion) as part of the plan and 70% of the amount will go to paying for the fleet expansion, Iberia's Chief Executive Marco Sansavini told reporters. ($1 = 0.8694 euros) (Reporting by Corina Pons and Inti Landauro)
South China Morning Post
12-06-2025
- Business
- South China Morning Post
State of US-China trade ties, Beijing's tariff relief for Africa: SCMP daily highlights
Catch up on some of SCMP's biggest China stories of the day. If you would like to see more of our reporting, please consider subscribing After two days of closely watched trade talks between the United States and China in London, US President Donald Trump has declared the negotiations have led to a wide-ranging deal to maintain the fragile truce laid out after earlier talks in Geneva. China's home-grown AG600, the world's largest amphibious aircraft, has been given the green light for mass production, marking a step forward in building an independent and globally competitive aviation industry. Illustration: Henry Wong Many who entered university during Trump's first trade war with China are ready to become key cogs in China's hi-tech engine.
South China Morning Post
12-06-2025
- Business
- South China Morning Post
China approves world's biggest amphibious plane, AG600, for mass production
China's home-grown AG600, the world's largest amphibious aircraft, has been given the green light for mass production, marking a step forward in building an independent and globally competitive aviation industry. Advertisement The Civil Aviation Administration of China (CAAC) certified the plane on Wednesday, confirming that its developer, the state-owned Aviation Industry Corporation of China (Avic), has established a reliable system to consistently produce aircraft that meet safety standards, according to state broadcaster CCTV. Avic said the approval was a milestone towards a 'more high-end and standardised' civil aviation manufacturing sector, and that it 'strengthened China's ability to independently build a complete civil aviation ecosystem', CCTV reported. The development is part of China's broader push to build a self-reliant civil aviation industry and position itself as a major player in the global sector. The goal has gained urgency in light of the United States' recent technology curbs, including restrictions on jet engine exports. The AG600 is one of three large aircraft developed domestically, alongside the Y-20 strategic transport plane and the C919 narrowbody airliner – both in active service. China developed the AG600 to meet urgent needs in emergency rescue and natural disaster prevention and control, state media previously reported.
