A senior official stated that the 'European Commission' is considering extending its carbon market beyond domestic flights to include international flights. This would allow for a more equitable treatment of all airlines and a better price to be placed on their emissions. Brussels is redesigning EU ETS, which forces industries and power plants to purchase carbon permits in order to offset their greenhouse gas emissions. To encourage industries to meet EU climate targets, the scheme limits the number of permits that can be issued. Polona Gregory, a senior official in the climate department of the Commission, said that the review...

The Lufthansa Group is exercising an option to increase its stake in Italy's ITA Airways from 80% to 90%, tightening their grip on the Rome-based ITA Airways as consolidation in Europe accelerates. Lufthansa announced on Tuesday that the German group will increase its holding in ITA by 49 percentage points, from 41% to 51%. This will be achieved through the purchase of a 2nd block?of shares next month for 325 millions euros ($382million). The majority acquisition is expected to be completed in the first quarter 2027, after approval from the European Union and the U.S. In many ways, Lufthansa said...

SES, a Luxembourg-based satellite operator, reported its first-quarter results on Tuesday. The results were in line with expectations and the company reiterated their yearly guidance. They also noted a strong performance in aviation and European infrastructure. The quarter's revenue was 847 millions euros ($996million), up 80% on the year at constant currency. Over the last three months, 306 million euros worth of new contracts and renewals were signed by the company. In a press release, CEO Adel al-Saleh stated that the aviation business had been a strong performer. More than 40 aircraft were committed to?Japan Airlines. SES and Boeing have...

Greg Abbott plans his summer vacation with a half-eye on the Iran War. He is planning to stay close to home, in Europe. The 54-year old Australian, who lives in Britain, is planning to go on a cycling tour with his friends in Austria. He also plans to attend a music festival in Barcelona as well as a possible yoga retreat in France. But he is not looking to travel too far. "We will almost certainly do short-haul Europe and almost certainly use trains because they are powered by electricity," said Abbott. The head of operations at a broadcasting firm...

Boeing hid'safety issues with its 737 MAX when LOT Polish Airlines chose the popular single aisle jet in 2016 to anchor its plans for recovery from a'significant financial crisis at the time. LOT's plans have been derailed by regulators who grounded MAX jets in 2019. This was after two accidents that exposed serious safety issues with a portion of the flight-control system. LOT filed a lawsuit against Boeing in 2021 to seek damages for the revenue losses that it suffered as a result of the MAX groundings. LOT's lawyer, Anthony Battista, stated during the opening remarks on Monday that the...

S&P 500 ended slightly higher on 'Monday. AI optimism was fueling the upward momentum, even though the earnings-driven fervor that fueled the recent rally waned a bit 'in the final stretch of the reporting season. Semiconductors outperformed other sectors, as the artificial intelligence-related momentum remained unabated. Chipmakers also outperformed the wider market. Ross Mayfield is an investment strategy analyst with Baird, based in Louisville, Kentucky. "There's such a rush to invest in these names and so much excitement that it almost seems divorced from any kind of headline or announcement." The first-quarter reporting period is almost over. 440 companies from...

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

CBS 'News reported that President Donald Trump stated on Monday he wanted to pause the.18 cent federal gasoline tax for a while, but dismissed any relief for airlines who face higher jet fuel costs. U.S. Gas prices remain high due to.the Iran War. Trump said on CBS that he would "take off the 'gas tax' for a time and then, when gas prices drop, we will phase it back in." CBS reported that a?bailout for airlines has not been "really presented". "The airlines are not doing badly," he said. The Trump administration is open to suspending a federal gas tax,...

Industry groups and airlines say that the airlines struggling with high jet fuel prices will suffer a second blow when supply shortages disrupt flight plans and crew rotations. This will increase safety and operational concerns in Nigeria's aviation industry. The National Association of Aircraft Pilots and Engineers said that a persistent scarcity of jet-fuel has caused widespread operational challenges. These include flight delays, route changes, and extended crew duty periods as airlines struggle to maintain schedules despite rising costs. NAAPE president Captain Bunmi Gindeh stated that fuel shortages are pushing crews to their limits. This is increasing fatigue, and could...

The major Gulf stock exchanges declined on Monday morning amid signs that U.S. Iran talks have stalled. This has effectively closed the Strait of Hormuz. U.S. president Donald 'Trump' dismissed Iran's response on Sunday to the U.S. proposal for peace talks that aim to end the war. He called Tehran's requests "totally inacceptable." Iranian media reported that Tehran's proposal included a comprehensive ending to the war, a lifting of sanctions, compensation, and recognition of the control it has over the Strait. Since the beginning of the war in late February, Iran has effectively blocked the Strait. This has disrupted a...

Authorities said that a Turkish Airlines tyre caught fire after it landed in Kathmandu on Monday. The airport was closed for one hour. After the fire, all 277 passengers on the Airbus A330, including 11 crew members, were evacuated using the emergency exits. The fire started in the rear right tire of the aircraft. The plane was towed onto the taxiway after the fire was extinguished. "It is grounded," Bhul stated. Turkish Airlines reported that a smoke was detected in the landing gear as it towed and that technical inspections had been conducted. Initial assessments suggest that the smoke was...

Swiss International Air Lines' CEO said in the NZZ on Saturday that the airline has enough jet fuel to last for the next six weeks. However, the company is exploring contingencies such as "tankering", amid industry warnings of fuel shortages linked to the Iran War. The newspaper Neue Zurcher Nachricht quoted SWISS CEO Jens Fehlinger as saying that "the current forecasts of our suppliers, oil companies and refineries, are good." European airlines are warning of possible jet?fuel shortages in the coming weeks due to the U.S. - Iran conflict, which has caused energy prices to soar and curtailed'supply. "If there...