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Have you brought your PJs? The rise of the private jet set

The pink ball of the sun has long sunk below the horizon as we make our final approach to runway 18 at Chambéry Airport in southeastern France. On a moonless night, there are not many tracks to the location of all the dangers - the lake in front, formidable mountains beyond the runway and to both sides. But when I look through the head-up display in the direction of where the map says the airport is, I can see them all picked out in vibrant fluorescent green, including the runway itself, computer-rendered with faithful clarity exactly where it should be,…

Billionaire Sawiris is stepping up his private jet effort in the midst of the takeover battle

Photographer: Stephen Yang / Bloomberg Photographer: Stephen Yang / Bloomberg Egyptian billionaire Nassef Sawiris increased his bet on the private jet industry and accumulated additional shares in Signature Aviation Plc in the middle of a takeover battle for the company.NNS, the investment vehicle in Sawiris, bought 2.14 million shares of London-listed Signature Aviation at 405.36 pence ($ 5.47) a piece on January 8, according to a law archiving on Monday. The acquisition brought NNS's share up to 7.41% of the company from 7.16%. Blackstone Group Inc. said last week that it teamed up with billionaire Bill Gates on a potential…

Beijing lays down a marker in South China Sea

Beijing lays down a marker in South China Sea

When a bunch of Chinese language warplanes simulated an assault on the US plane provider final week, Beijing was delivering a warning. The USS Theodore Roosevelt was coming into the South China Sea, disputed waters that Beijing claims as its personal however the place Washington insists on asserting freedom of navigation for everybody else, when six Chinese language H-6K heavy bombers flanked by 4 J-16 fighter jets flew into Taiwan’s air defence zone. “That manoeuvre killed three birds with one stone: they signalled to the People that they regard the US army as a destabilising pressure right here; they intimidated…

Red flag raised over possible link between private jet use and passport issuance

Civil aviation officials confirmed Thursday that a presidential flight to the Seychelles took place in August 2015, but could not say whether President Nicos Anastasiades himself was on board - with the case linked to speculation about Anastasiades' ties to a Saudi businessman granted Cypriot citizenship same year. Speech in Parliament, officials were asked about an August 3, 2015 flight departure from Larnaca airport at. 7 and on the way to the Seychelles. According to logs, the flight was designated the '1' code assigned to a presidential flight or to the head of state. The Boeing 767-200's registration code was…

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