Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

Flydubai CEO: We expect to return to full capacity before the end of this year.

Flydubai, the airline of Dubai, expects to return to full capacity before the end of the year. This is as airlines 'across the region' recover from the impact of the Iran War. Ghaith al Ghaith, CEO of Arabian Travel Market, said to the media that by the end of the year, "we will go back to 100 percent, and maybe even more, because we'll be getting more planes." Ghaith said that Flydubai, Emirates sister airline, operates at 85% of its current network capacity. Its load factor (which measures how well a?airline fills available seats) is "good". Flights in the Middle...

Passenger Transportation Services

US court accepts airBaltic's Chapter 11 filing - Latvian Prime Minister

On Wednesday, Prime Minister Andris Kulbergs announced that a U.S. judge had 'accepted' the request of Latvian carrier airBaltic to restructure its debt and enter Chapter 11 under U.S. bankruptcy law. This means that airBaltic can: immediately access funding; begin the restructuring; and review its obligations to creditors. "Work continues,"?Kulbergs stated in a social media X post. The?airline didn't immediately respond to a?request for comment. AirBaltic, which is majority owned by the Latvian Government, filed for Chapter '11 protection on Monday in order to 'cut its debt pile after the Iran War increased financial pressure. The company said that it...

Passenger Transportation Services

Documents show that To Lam will sign an agreement with US firms while he is in New York.

According to two documents and officials, a number of agreements are expected to be announced by U.S. and Vietnamese corporations next week, involving energy, technology, aviation, and financial firms, as?Vietnam leader To Lam visits New York. Vietnam has been negotiating commercial agreements for months, most of which will be non-binding. This is part of its strategy to appease Washington, as the Trump administration threatens new tariffs against the Southeast Asian nation that relies heavily on exports. A note of internal planning lists 29 agreements which could be announced in New York on 23 September at a conference attended by To...

Passenger Transportation

Four days after the capsize of a ship in Indonesia's Java Sea, 129 people are still missing and families desperate for information

Families of 129 missing people are becoming more frustrated and desperate as the search and rescue operations continue to be hampered by persistent bad weather, heavy seas, and heavy seas. The Virgo 'Transport?8' was carrying 243 passengers on a voyage of 20 hours from Surabaya, East Java, to Banjarmasin, South Kalimantan. It capsized early Sunday morning in bad weather. The official death toll on Wednesday was six, with 108 people rescued, and 129 still unaccounted for. This number has not changed since Sunday. "I hope that we will use our advanced military equipment. We buy them to help the people,...

Passenger Transportation Services

Boeing to salvage Turkish Airlines delayed order, sources claim

Four people with knowledge of the matter claim that Boeing is nearing the completion of a delayed order to purchase 150 737 MAX aircraft after Turkish Airlines threatened to walk away from a high-profile contract over a dispute with engine manufacturer CFM. Three people have confirmed that the deal is now on track and could be signed as soon as next week. The agreement, which was part of a package containing 225 jets, had been delayed by a disagreement regarding the airline's demand for a industrial deal on maintenance of engine. Boeing and GE Aerospace's and France Safran's joint-ownership of...

Passenger Transportation Services

Emirates airline is working to keep ticket prices down by hedging jet fuel.

A senior executive said on Tuesday that Emirates is well-prepared to deal with higher fuel prices and is trying to avoid passing on the rising costs to its customers. This is as airlines struggle to cope with the impact the Iran War has had on the fuel market. Adnan Kazim, the airline's chief commercial officer and deputy president, said in an interview that the company's position is "half protected and half open" to the market. He?added, "We are reducing the price as much as we can today due to the high costs of operation." Travel was disrupted earlier this year...

Passenger Transportation Services

Aena's Spanish Airports served 34.9 millions passengers in August

Aena, the airport operator, reported that 34.9 million passengers travelled through its Spanish 'airports' in August. This is 4.7% more than in a similar month last year. The growing number of tourists in Spain is a testament to its resilience, even as the airline industry struggles with geopolitical instability and labour shortages. * The number of passengers in the first eight months of 2026 was 225.5 million. This is 4.1% more than one year earlier * Adolfo Suarez-Barajas Airport in Madrid remained the busiest airport of Spain. Josep Tarradellas Barcelona El Prat?and Palma de Mallorca followed. * The number of...

Passenger Transportation

The Indonesian survivor of a shipwreck saw the vessel capsize within minutes and waited for 10 hours to be rescued

Rizky Apriliansyah, who was sleeping on the top deck of the Virgo transport 8, the ferry which capsized in 'Indonesia Java Sea on a saturday morning, was woken up by friends at 1 a.m. to urge him to get a life jacket. Rizky said that the ship was already pointing roughly 30 degrees left at the time. He and his friends fled their room in panic. Rizky was a waiter aboard the vessel and recalled waves of up to 3-4 metres hitting it multiple times. This caused the ship to list even more. He said that no alarm had been...

Passenger Transportation Services

FAA chief to discuss air traffic management reforms as airlines are urged to better manage delays

A 'pilots' union and an aviation consultant have said that airlines affected by air traffic control staff shortages need to do more to prevent delays from snowballing to larger disruptions. This comes as lawmakers prepare to discuss reforms in the U.S. aviation sector on Tuesday. Bryan Bedford, the head of the Federal Aviation Administration (FAA), is scheduled to testify in front of a U.S. House Appropriations Subcommittee on a planned overhaul for air traffic control that will cost $12.5 billion. This comes a day after an official watchdog raised concerns about budget shortfalls. Staffing shortages and technological issues have led...

Passenger Transportation Services

Winter is on its way: AirBaltic's debt woes presage a tough season for smaller airlines

The aviation industry is preparing for a difficult winter after Latvian airline airBaltic filed Chapter 11 procedures on Monday. This is because the Iran War?continues pushing up jet fuel prices. U.S. 'war with Iran' has caused the worst airline crisis since the COVID-19 Pandemic in terms of costs. AirBaltic was the first European carrier to declare bankruptcy during the conflict, while U.S. rival Spirit collapsed in may after seeking protection prior to the war. The margins of airlines are relatively small compared to those in other industries, making them more vulnerable to geopolitical instability, especially in winter, when bookings and...

Passenger Transportation Services

Airbus's demand is not affected by geopolitical factors

Airbus' Asia-Pacific President said on Tuesday that the geopolitical and supply chain challenges have not affected aircraft demand or deliveries. Anand Stanley, Airbus Asia-Pacific's President, said that the demand for Airbus aircraft in Asia-Pacific was "continuing to be strong". He made this statement during a Hong Kong briefing on Airbus' 2026-2045 Market Forecast. He said: "Not only do we see an increase in deliveries, but also a willingness to accept deliveries. This is not just in Asia-Pacific. We are also continuing to deliver in the Middle East." Airbus predicts that 42,000 new aircraft will be needed globally in the next...

Passenger Transportation Services

AirBaltic CEO: AirBaltic is in negotiations with unions about reducing staff as part of restructuring.

AirBaltic has been in discussions with the labour unions in order to reach an agreement regarding an "adjustment of?the workforce", Chief Executive Erno Hilden said on?Monday, after the Latvian airline announced that it had voluntarily entered Chapter 11 bankruptcy proceedings. Hilden stated that a reduction in capacity would lead to a shift in the workforce. It's time to come up with some numbers after all that. AirBaltic filed under Chapter 11 of the U.S. Bankruptcy Code on Monday in New York. It is seeking to restructure its debt, avoid creditors and survive a 'deepening crisis within the sector brought about...

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