Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

Portugal: TAP buyer will be determined by strategy and not price

The decision to sell a minority stake in TAP is a strategic one that depends on much more than the price. Portugal has relaunched the long-delayed TAP privatisation, with a view to selling a 44.9% share to a strategic partner airline to increase its global reach, and to improve competitiveness. 5% of this stake will be reserved for employees. The government has requested that Air France-KLM and Lufthansa submit binding bids by the 29th of July after both airlines emerged as sole competitors, with initial offers they deemed to be "largely equal and very ambitious" in terms of strategic, industrial,...

Passenger Transportation Services

The wife of a Ryanair passenger who was partially sucked from the plane window recalls an incident

Svetlana and Ljubisa had just settled in to a Ryanair flight last week when a loud thud pierced through the engines. She saw her husband, 61, being sucked out of a cabin window that had become dislodged within seconds. On July 10, in what Greek officials described as a "rare incident", Karovic was dragged out of his window seat while his wife and other passengers held him. "I have never heard anything so loud in my entire life." Maksimovic said, "I?just turned around (then) and saw that part his body had already been thrown out of the window." She said...

Passenger Transportation Services

Air India crash investigation enters final stage after cockpit recording and psychology reviews

A court filing revealed that India's aviation accident investigation body had?prepared? a cockpit voice recording transcript, performed a psychological autopsy, and is now in the final stages of its investigation into last year's fatal Air India crash. The filing failed to identify who conducted the psychological autopsy or reveal any findings about the crash of a Boeing 787 which killed 260 people soon after takeoff from Ahmedabad in India. The Aircraft Accident Investigation Bureau in India (AAIB), without providing any further details, said that an analysis of the data from an engine monitor unit retrieved late in May was still...

Transportation

Farmers' union: Ukraine's Black Sea port loses a third of its grain export capacity

The main Ukrainian farmers' union has said that Ukraine has lost a third of its ability to export grain via its Black Sea ports because of the 'intensifying' Russian missile and drone strikes. Ukraine has been at war with Russia for more than four years, but agricultural exports such as grains and vegetable oil remain its biggest source of foreign exchange earnings. More than 90% are shipped through three ports located in southern Odesa. Odesa ports handled about?6 millions metric tons per month of cargo under a deal that allowed both countries to ship grains through the Black Sea. Moscow...

Passenger Transportation Services

Visual Investigation-The U.S. Army Veteran and the Mystery Boeings Flying Sudan's War Routes

On Wednesday, a visual investigation was published that showed that a 'fleet of aging Boeings operated by 'companies controlled by U.S. military veteran Steven Shaulis flew to the logistics hubs used during the Sudan War by the Rapid Support Forces. Outside the?world of business, Shaulis is a 63 year old U.S. Army Special Forces veteran who heads the CADG company based in Singapore, a global organization that holds a number of?U.S. United Nations contracts for decades. The investigation found that behind the scenes, Shaulis controlled firms operated at least three Boeing aircraft to fly to key logistic hubs used the...

Passenger Transportation Services

What were the names of the two pilots that flew the Air India jet which crashed?

A court filing revealed that Indian investigators had prepared a 'cockpit voice recording transcript', performed a psychological autopsy, and are now in the final stages of their investigation into last year’s deadly Air India crash. The court filing did not reveal the results of the psychological autopsy, or the identity of the subject. The following are short profiles of the two aircraft pilots based on media reports and the preliminary investigation report: CAPTAIN SUMEET SABHARWAL The 56-year old's airline transport pilot licence was valid until May 14, 2026. He was cleared to fly as a pilot-in command on several aircraft,...

Passenger Transportation Services

Air India's Boeing Dreamliner crash: Inside the cockpit

A court filing revealed that India's air crash investigating body had prepared a cockpit voice recorder transcript, conducted a mental autopsy and moved into the final stages of their investigation into last year's deadly Air India accident. The sequence of events as described by Indian investigators on July 12, last year, is shown below. Air India Dreamliner VTANB landed at Ahmedabad as AI423 at 05:47 GMT. 07:48 GMT - An aircraft was observed leaving Bay 34 of the airport. 07:55 GMT - Air traffic control granted the taxi clearance to the aircraft. A minute later, the aircraft taxied backwards and...

Passenger Transportation Services

Wall Street Journal, July 15,

These are the most popular stories from?the Wall Street Journal. These stories have not been?verified and we cannot vouch for their accuracy. ?Lucid Group?has hired AlixPartners to advise the electric vehicle startup on a turnaround. Uber Technologies has begun advanced discussions with German food delivery company Delivery Hero about a possible acquisition. This follows an approach Uber made in May, which valued Delivery Hero at approximately $11.38 billion. Ford Motors' executive chairman Bill Ford said at an Axios conference in Washington that U.S. carmakers must be ready to compete with China's?competitive?carmakers, and that they should expect them to break into...

Passenger Transportation Services

Air India crash investigation enters final stage after cockpit recording and psychology reviews

A court filing revealed that India's 'aircraft accident investigation body' has completed a cockpit voice recording transcript, conducted a psycho-psychological autopsy, and is now in the final stages of their probe into last year’s deadly Air India crash. The filing failed to identify who conducted the psychological autopsy or reveal any findings about the crash of a Boeing 787 which killed?260 shortly after takeoff in Ahmedabad, India. The Aircraft Accident Investigation Bureau in India (AAIB), without providing more information, said that an analysis of the data from an engine monitor unit, retrieved late in May, was still awaited, and an...

Passenger Transportation Services

Pilot of 'Miracle on the Hudson" has Alzheimer's in early stages

C.B. "Sully Sullenberger", the airline captain, who successfully landed a?Airbus A320 in New York's Hudson River after hitting a flock o geese in?2009, announced on Tuesday that he had been diagnosed with early-stage Alzheimer’s disease. Sullenberger revealed 'the diagnosis' in a website statement and stated that he is receiving treatment. "For the moment, this may mean that a name is not easy to remember, I might forget a recent story, or I do not sleep well. But I am at the beginning of this journey," said Sullenberger. Since he saved all 155 passengers aboard a US Airways plane in distress...

Passenger Transportation Services

EU Aviation body reinstates Middle East flight warnings as fighting resumes

As the U.S. - Iran war erupted again, the European Union 'Aviation Safety Agency' (EASA), on Tuesday, reinstituted and?toughened their warning to airlines in the Middle East. They told them?to avoid?the airspace?"of Bahrain,??Kuwait?, Qatar?, the United Arab Emirates?and over the Gulf of Oman?. EASA retracted its previous advisory just a week before, following a temporary easing of regional tensions due to the interim ceasefire signed between Washington and Tehran last month. In that warning, airlines were asked to be cautious when flying in the airspace of Israel, Jordan and Oman. The new,?restrictive warning is valid until the 29th of July....

Passenger Transportation Services

Frontier Airlines joins Starlink in a bid to attract travelers

Frontier Airlines announced on Tuesday that it will begin installing in-flight Wi Fi?across its fleet?in early 2027. In a bid to compete with Amazon's Kuiper, the Denver-based airline has signed up with Elon Musk’s Starlink to offer in-flight Wi Fi. As airlines compete for customers, they are increasingly turning to high-end amenities. ?Frontier launched Starlink after the airline introduced first-class seats and?loyalty programs aimed at attracting higher spenders. In a recent statement, Chief Executive Officer Jimmy Dempsey stated that "we're continuing to make investments in the products and services most important to our customers." The terms of the agreement were...

Ground Transportation

Ground Freight

Amtrak, the US passenger rail company, sets a record for ridership and cuts losses

Amtrak, the U.S. passenger rail company, said Tuesday that it had set records for revenue and ridership in a single year. It also cut its losses by 15 percent to $598 millions and is aiming for profitability by 2028. Amtrak is a major effort in rehabilitating the infrastructure of the Northeast corridor between Boston, Massachusetts and Washington. It is expanding service throughout the United States by purchasing new Acela trains with higher speeds and replacing regional trains from next year. Amtrak reported that in the twelve months ending September 30, it had 34,5 million trips made by customers, an increase...

Transportation

Whaleboat sinks into river in Congo, killing at least 107 people

According to a government internal report viewed by us on Friday, at least 107 people died when a whaleboat caught blaze in the west of Democratic Republic of Congo. In a memo, the Ministry of Social Affairs stated that 146 people were missing after the boat, which was a narrow double-ended open vessel, caught fire near Malange Village in Lukolela Territory on Thursday night. The note stated that rescue teams recovered 209 survivors after the vessel burnt and drifted downriver. The fire destroyed the cargo and 15 riverside houses. The search operations continued Friday, with community volunteers and naval personnel...

Ground Transportation

As inventories shrink, premiums for copper contracts on the nearby LME soar.

The premiums for copper contracts near London Metal Exchange have increased to their highest level since October 2022 due to low inventories, large cash contracts and warrants held by traders. The title document that confers ownership on metal is a warrant. Tom-next, also known as the premium or backwardation that is charged for purchasing copper tomorrow and then selling it the next day, is currently trading at above The price of a metric tonne is $48. This compares to a $2 discount at the beginning of the week. The premium for the cash Copper Contract over the Three-Month Forward It...

Passenger Ground & Sea Transportation