China Aviation seeks rescue deal
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Scandal-hit fuel firm China Aviation is hoping a partial payback of massive loans will help it avoid bankruptcy.
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China signed a contract to buy 23 A319, A320 and A321 commercial jets from aircraft manufacturer Airbus in a deal worth close to 1.0 billion euros (1.34 billion dollars).
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A British Airways plane on a flight from China made an emergency landing at London's Heathrow Airport on Thursday, officials said, and the ambulance service said three people were slightly injured.
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BEIJING (CP) - Investigators trying to find the cause of the fiery crash of a Chinese airliner were searching an icy lake Tuesday for its flight data recorders.
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SINGAPORE A court here threw China Aviation Oil (Singapore) a lifeline on Friday by allowing the company six weeks to forge a rescue plan after its recent collapse.
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Air China, the biggest airline in China, raised $1.07bn (Â£558m), after pricing its flotation near the top of its range, sources said.
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A passenger plane crashed Sunday in northern China, and chances were slim that the 47 people aboard had survived, the government said.
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The turmoil comes just days after its new chief presented a rescue plan intended to turn the plane manufacturer around.
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Financial experts combed through records Thursday at China Aviation Oil, the jet fuel supplier that sought court protection from creditors this week after admitting losses of US&#36;550 million (euro414 million) from speculative trading.
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Investigators hope flight recorders from a plane that crashed in northern China will shed light on what happened.
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Rolls-Royce says a deal to supply engines to Chinese carrier Hainan Airlines could be worth more than $500m.
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A British Airways plane on a flight from  China made an emergency landing at London's Heathrow Airport on  Thursday, officials said.
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Experts have decoded the flight recorders of a Canadian-made airliner that exploded and crashed into a lake in northern China, killing 55 people, but the cause of the accident is still unclear, China&#39;s Xinhua News Agency said.
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The company says a suit over its cooperation with Chinese authorities is really something that should be sorted out in China.
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The boards of Delta and Northwest have both scheduled emergency meetings for Tuesday where the deal, which would reshape the airline industry, could be approved.
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European aircraft maker Airbus is close to clinching two key orders valued at three billion dollars (2.28 billion euros) from China for its new A380 plane.
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Lawyers for beleaguered China Aviation Oil (Singapore) Corp. on Friday met with investors to answer questions about how the company racked up more than half a billion U.S. dollars in losses on oil speculation and its restructuring plan.