China is expected to lead the global aviation recovery thanks to its dynamic domestic air travel. The country will require 3,770 new airplanes valued at 400 billion USD over the next 20 years and will remain the world's largest commercial airplane market outside the United States, said Randy Tinseth, Boeing Commercial Airplanes' Vice-President for marketing. [caption id="attachment_52" align="alignleft" width="300" caption="Randy Tinseth"][/caption] "China is the world's most dynamic market for commercial airplanes. The strong domestic air travel growth in the country during the first half of this year gives us confidence that the world aviation industry is beginning to recover," said Tinseth, after ...

The Ministry of Commerce (MOC) said China and Pakistan free trade zone service trade agreement will take effect this month. It indicated a free trade zone between China and Pakistan would be set up involving goods trade, investment, according to the MOC. service trade and The agreement was signed in February this year. According to the agreement, based on the commitments to the World Trade Organization (WTO), Pakistan will open 102 sub-departments in 11 service departments and China will open 28 sub-departments in six service departments. China – Shang Hai Sustainable Economic Gain With Restructuring Shanghai is prioritizing its economic structure to achieve ...

The ongoing agitation of the pilots at Jet Airways has taken a toll on the company's shares as well. The stock has been at the receiving end of the investors' ire which has plummeted more than 10% in the last two sessions. Jet chairman Naresh Goyal told a TV channel Tuesday night that the pilots have held the airline and the to ransom. He added that he will not hesitate to shut down operations if the employees do not comply with the company's principles. Market watchers said the crisis came at a time when concerns about the prospects of the aviation ...