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NewsSouth Korea commits $3.4 billion to indigenous fighter engine
South Korea has committed W3.4 trillion ($3.4 billion) to develop an indigenous fighter engine producing 24,000lb thrust with afterburners, with the programme running from 2027 to 2040 and targeting the KF-21 Block 3 variant.
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NewsPentagon report highlights China’s sixth-generation fighter progress
The US Department of War’s latest annual assessment of Chinese military capabilities reveals significant progress in airpower development, including testing of two sixth-generation fighter aircraft and advances in airborne early warning systems.
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NewsFlight recorders found after Libyan army chief’s Falcon 50 crashes in Turkey
Recovery personnel have retrieved flight recorders from a Dassault Falcon 50 executive jet which crashed some 40min after departing Ankara on 23 December. The Maltese-registered aircraft was transporting figures including Libyan army chief of staff general Mohammed Ali Ahmed Al-Haddad. Turkish interior minister Ali Yerlikaya states that the aircraft departed ...
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NewsCathay chair Patrick Healy to retire
Cathay Pacific Group has appointed Swire Group veteran Guy Bradley as its new chairman, following the retirement of incumbent chair Patrick Healy.
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NewsArif Habib consortium emerges as successful bidder in long-running PIA privatisation
Diverse Pakistani investment firm Arif Habib Group has emerged as the successful bidder for flag-carrier Pakistan International Airlines. Its bid of Rs135 billion ($480 million) for a 75% share of the carrier follows a drawn-out privatisation programme. Pakistan’s ministry of privatisation confirms Arif Habib and its partners – which were ...
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NewsRyanair vows to appeal Italian regulator’s $300m fine over travel agency ‘obstruction’
Budget carrier Ryanair has vowed to appeal after Italian competition regulators imposed a fine of €256 million ($302 million) on the airline, accusing it of exploiting a dominant market position. The regulator, AGCM, states that the carrier implemented an “abusive strategy” to hamper travel agencies relying on Ryanair flights. It ...