Indian aviation industry to need 6,000 more pilots in 5 years
China has established a company to build regional commercial jets, with an eye to eventually reducing the country's reliance on Boeing for jumbo jets, official media said. Commercial Aircraft Corp of China is capitalised at 19 billion yuan ($3.55 billion), with 6 billion yuan coming from the state-owned Assets Supervision and Administration Commission, giving it the single largest stake at 30 per cent, Xinhua said. A consortium made up of the municipal government of Shanghai - where the...
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photo: AP Photo/Ted S. Warren
