China places former chairman of top aircraft maker AVIC under investigation for corruption

China places former chairman of top aircraft maker AVIC under investigation for corruption

Tan, 62, was removed from his post at state-owned giant AVIC in March 2023 for age reasons, according to the party’s personnel management arm. Tan, a native of Hunan province, is a technocrat trained in aviation engine design, manufacturing and engineering. He had spent two decades with AVIC, a conglomerate with over 100 subsidiaries and … Read more

JetSetGo signs $1.3 billion deal for 280 hybrid-electric aircraft

JetSetGo signs .3 billion deal for 280 hybrid-electric aircraft

Hyderabad: Air service operator JetSetGo on Friday signed a deal with three global aviation tech firms for 280 hybrid-electric aircraft worth over $1.3 billion. The company is set to acquire 150 aircraft for an aggregate deal value of $780 million. The agreements include further options to acquire additional aircraft for a potential fleet size of … Read more