Aviation Industries of China (AVIC) plans to make a public stock offer on the Hong Kong exchange in 1997, says its chief economist Du Jinling. The listing will initially focus on the group's non-aerospace activities, but could include some of its aircraft businesses. The state-run enterprise needs to raise at least $1 billion over the next five years, much of which will go towards funding its 46% share of the cost of developing the planned Air Express AE100.
Source: Flight International
UK investigators have disclosed that a vintage glider was damaged in collision with a small drone being flown by a young operator. The Slingsby T21B – built in 1947 – has a high-wing configuration and an open cockpit, with two seats arranged side-by-side. It had been carrying a pilot and ...
Norwegian investigators believe aviation regulators and the government should assess whether sufficient consideration is given to flight safety when granting aerodrome licences, following a series of flight-school incidents at Gullknapp Arendal airport.
Latvian carrier Air Baltic’s training arm is to acquire a number of all-electric Diamond Aircraft models, as part of a modernisation of its fleet. The company has reached a tentative agreement for three Diamond eDA40s, a derivative of the single-engined DA40. It will also take a pair of twin-engined DA42-VIs. ...
