Amid concerns about a fuel shortage due to the war with Iran, the European Union Aviation Safety Agency has advised airports and airlines to 'take precautions' when switching to Jet A fuel. In European airports, jet A-1 is typically used in planes. This grade is more suitable for long-haul, cold-temperature operations and is preferred by the military. EASA issued a statement Friday saying that "a potential introduction into markets using Jet A-1 traditionally needs to be managed adequately." EU guidelines revealed on Thursday that Jet 'A' fuel will be allowed to be used by airlines as the EU preferred fuel...

The Dutch data protection agency announced on Friday that it had?imposed a fine of 100 million euros ($117 million)?on the mobile taxi app Yango because they transferred personal?data?of their customers to Russia. AP (as 'the'regulator was known) imposed the fine to MLU, a Dutch company that is behind units of Yango located in Norway and Finland. It said this in a press release. The taxi app is primarily used in Africa, Latin America and the Middle East, as well as in non-EU European nations. However, it was also present in Finland and Norway, which are not EU countries but adhere...

IAG, the British Airways owner, forecasted a lower annual profit than originally expected on Friday. The company said that rising jet fuel prices and disruptions in supply caused by the Iran War would weigh more heavily on earnings. The company that owns Iberia, Aer Lingus and other airlines, expects jet fuel to cost 'about 9 billion euro ($10.56 billion), this year. 70% of the fuel it anticipates using in 2026 is already covered. The company didn't give any specific projections for the annual profit forecast Friday. When IAG?didn't provide a 2026 forecast in?February?, the shares?dropped. Analysts warned that the aviation...

China's top prosecutor announced on Friday that a former chairman of China Eastern Airlines Group had been?indicted for bribery. This is the latest high-profile action against corruption as Beijing intensifies its campaign to combat?corruption. The news comes a day after Xinhua, the official news agency, highlighted the magnitude of the effort. Former defence ministers Wei Fenghe, and Li Shangfu were sentenced to death for graft, but with a 2-year reprieve. Xinhua reported that Liu Shaoyong was accused of "abusing a number of official positions... in order to obtain?benefits and accept bribes involving cash and valuables". It added that the charges...

A Japanese executive revealed that the Sumitomo 'Mitsui Trust Group is planning to 'launch a new aircraft leasing fund. The aim is to raise $500 million from investors in Japan, Asia, and the Middle East. This is the latest effort to increase aircraft leasing investments by a Japanese financial institution hoping to tap into an expanding market due to shortages of aircraft at airlines and supply constraints at Boeing and Airbus. The fund will lease Boeing & Airbus aircraft to airlines worldwide. It is the third fund launched by SMTG and Novus Aviation Capital. Takeru Mifune, head of Sumitomo Mitsui...

Local media reported that New Jersey reduced its round-trip fares to World Cup matches at MetLife Stadium from $150 to $105 on Thursday, after the original price was criticized by FIFA. The reduced fare is still less than the $15 that the same route would cost on an average day. It also exceeds the $80 round trip fare of FIFA's shuttle service to the stadium with 82,500 seats, which will be hosting?eight World Cup games including the final match on July 19th. Last month, the CEO of New Jersey's public transport?provider NJ Transit -?Kris Kolluri - cited increased security as...

Middle Eastern carriers increased capacity following the Iran War, and airlines outside the Gulf have rerouted flights between Europe & Asia away from major hubs in the area. The latest flight information is listed below alphabetically: AEGEAN AIRLINES On May 21, Greece's biggest carrier will resume flights from Heraklion to Tel Aviv, as well as Rhodes and Larnaca. Thessaloniki-Tel Aviv flights are cancelled up until June 26. Flights to Beirut and Riyadh will resume on May 12, and flights to Amman and Riyadh on?May 21, respectively. Dubai flights are suspended until August 31 and Erbil &?Baghdad flights until July 2....

Airbus has said that it delivered fewer planes in the year to April than during the same period a year ago, underlining the pressure on the European planemaker to speed up handovers to the airlines. The company reported that it delivered 67 planes in April. This brings the total number of deliveries this year down to 181, a 5.7% drop from the 192 aircraft it handed over in the same period a year earlier. It is working to increase the 'pace of customer handovers. Airbus struggles to reach its annual 'target' of delivering about 870 commercial planes after Pratt &...

Avolta, a duty-free retailer, said that it felt the impact of the Iran War in the first quarter as major hubs for air traffic in the Middle East were closed and flights cancelled. The U.S. and Israeli war against Iran has sent the global markets into a tailspin. Investors are worried that this conflict will 'create an oil shock, increasing inflation. European airlines have also prepared 'for a difficult spring and summer. Jet fuel prices are now well above $100 per barrel and there is growing concern that flight cancellations could be caused by shortages. Gerster said, "We've seen a...

Scoot is the low-cost division of Singapore Airlines. It has ordered five Airbus A320neo aircraft and exercised options on six more. The carrier wants to increase capacity and open new routes. Scoot announced that the new narrowbody aircraft will be powered by Pratt & Whitney geared 'engines. Scoot stated that the expansion will'support new services in a 5- to 6-hour flying radius. This will strengthen Singapore's air links with Southeast Asia and North Asia and other key??markets. It also improves connections to the SIA Group?s wider network. Scoot CEO Leslie Thng stated that they expect the travel demand to grow...

Bloomberg reported that Tony Fernandes, AirAsia's co-founder, is planning to launch a new airline based on the high volatility of oil prices. Reports indicate that the new airline could be announced in the next few months. The carrier group has also moved some planes to the venture. AirAsia?did not immediately respond to comments. Fernandes didn't respond to a LinkedIn message. AirAsia, the Malaysian budget carrier, is planning to sell up to $600 million of bonds and is in discussions with Malaysian banks for a refinancing loan that will lower interest rates. Fernandes said in a Bloomberg video interview late on...

Emirates Airlines posted a record-breaking 'full year net profit on Thursday despite the impact from the 'Iran war. The carrier cited strong travel demand for most of the time period. Emirates said that its profit, after taxes, rose from $5.2 billion to $5.4 billion over the past 12 months, a slight increase in passengers offset by a small decline in passengers. Airspace in the Middle East was temporarily closed and jet fuel prices rose, causing the biggest crisis for the airline industry since the COVID-19 epidemic. Major Gulf carriers, including 'Emirates, have gradually restored capacity but still operate below pre-war...