VENTURE CAPITAL POST

Aurora Flight Sciences has been awarded a $89 million worth contract with a defense agency DARPA. The company is developing new design and technology that could enable its X-plane to do a vertical take-off, as well as hover and fly forward efficiently, potentially revolutionizing the military and commercial aviation sector.

The invention of Hoverbike, which is essentially half helicopter, half motorcycle, could be a game-changer in the field of aeronautics. Its prototypes are already being considered for future transportation and battle use.

Air France and KLM are planning to reinstate direct flights to Iran, now that the international sanctions regarding the country's nuclear ambitions are lifted. Iran also planned to request direct flight to the U.S, for the first time since the two countries broke their diplomatic relationship 36 years ago. Air France and KLM are expected to start flying to Iran within the next three months.

Over 250,000 drone owners registered their remote-controlled aircraft during the first month of the aviation agency's online registration system. The fresh set of rules came out after pilots complained about the drones flying near them.

After ruling the global aviation sector for over 40 years, the wide-body jumbo jets faces a threat of possible extinction. The Boeing 747 wide-body, long-range jumbo jet faces stiff competition from Airbus A-380. Boeing sees a drop in orders for jumbo jets while Airbus has not received an order for the double-decker A-380 after the major order it won from Emirates Airlines.

China revealed their first owned passenger plane manufactured by a Chinese initiative to compete with the leading global aircraft manufacturers for the largest passenger jetliners in Aviation market. Though, China is also among the mammoths in Aviation industry, the state still depends on Boeing and Airbus aircraft.

The long-haul aircraft requirement of Dubai for positioning itself as a major global hub in the Middle East (ME) Region has been mostly fulfilled by Boeing. Dubai-based Emirates Airlines is banking on Boeing 777 as its top priority and followed by Airbus A380. Emirates Airlines has emerged as the largest airline in the world operating both aircrafts. Emirates Airline has been working on its business strategy to transform Dubai into a global hub in the Region. It aims at becoming an unavoidable destination for passengers from Asia to Europe and the US. This makes the requirement of long-haul aircraft for the Emirates Airlines.

For years he was a lone voice in the aviation industry despite being one of its best-known economists, a Cassandra-like figure whose warnings of a slump in oil prices went unheeded.

China's national civil aviation authority says the country will need to train about half a million civilian pilots by 2035, up from just a few thousand now, as wannabe flyers chase dreams of landing lucrative jobs at new air service operators.

Airbus (AIR.PA) is in talks with China Aircraft Leasing Group Holdings Ltd (CALG) (1848.HK) for a potential $9-11 billion order of about 100 A320 jetliners, French daily Le Figaro said.

The United Nation's civil aviation body, currently wrestling with how to help airlines maintain safety over conflict zones, is taking first steps toward protection for commercial vessels in space.

China has set up a 20 billion yuan ($3.25 billion) investment fund to help bolster its fast-growing civil aviation industry, local media said on Monday.

Russian Aviation companies signed deals amounting to more than USD 12 billion in the 2013 International Aviation and Space Salon (MAKS).

Billionaire Lucio Tan is considering to exit the aviation industry by means of share sale after two decades in the business.