Bradley Perrett covered China, Japan, South Korea and Australia. He is a Mandarin-speaking Australian.
Before joining Aviation Week in 2006 he was a macroeconomics, politics and aerospace journalist with Reuters. Perrett holds a bachelor’s degree in law from Macquarie University, Sydney. He left Aviation Week in 2020.
Contrary to predictions by the People’s Liberation Army Air Force’s deputy chief, Gen. He Weirong, China is unlikely to field a new fighter with F-22-like capabilities within 10 years, according to U.S. aerospace industry and U.S. Air Force officials.
A state bank will tide Japan Airlines over with bridge loans to keep it running until it is permanently restructured financially and operationally. The government says it will arrange the loan, although it does not say how much money will be extended. The short-term financing has been expected, since the government has previously said that Japan Airlines is too big to fail. Legislation to force a cut in Japan Airlines’ pension payments will also be considered.
BEIJING — China’s specialist builder of large military and civil airplanes, Avic Aircraft, will become a publicly traded company by 2011, using a subsidiary for a backdoor stock market listing. Restructuring of the company’s assets will be done by the first quarter of 2010, General Manager Hu Xiaofeng says. Assets worth 8 billion yuan ($1.2 billion) will be moved into the subsidiary, Xi’an Aircraft International Corp., a listed unit of Xi’an Aircraft.
