Ryanair CEO Michael O'Leary stated on Monday that an initial investigation into the incident where a passenger was partially sucked out of a broken window in a 'Boeing' 737 suggested "foreign objects damage", and not an issue with age or maintenance conditions. According to video footage and the Federal Aviation Administration, the U.S. National Transportation Safety Board has begun an investigation into the incident that occurred on July 10, when a piece of engine broke away from the aircraft, shattered the window, and happened shortly after takeoff. The plane was headed for Germany when it lost pressure. It made an...

Riyadh Air, Saudi Arabia's national airline, placed orders for 34 widebody planes with both Boeing and Airbus. The company is accelerating its plans to reach more than 100 destinations before 2030. The airline announced that it would exercise options on 28 Boeing 787 Dreamliners placed in 2023, and convert '20 of these options to the larger 787-10 version. Separately the 'carrier' confirmed the purchase six Airbus A350 1000 aircraft. This confirmed previously held purchase rights, and brought its total confirmed A350 1000 orders to 31 aircraft. The orders are the first announced at the Farnborough Airshow this year. Riyadh Air...

Honeywell Aerospace announced on Monday that IndiGo, an Indian airline, had selected its avionics systems and power systems to equip '810 Airbus A320neo family aircraft. Meanwhile, Aeromexico plans to install Honeywell Aerospace runway safety technology in more than 100 Boeing jets. Honeywell has released separate statements confirming that the IndiGo contract includes auxiliary power units (APUs), weather radar, traffic accident avoidance systems (CAAS), flight management systems (FMS) and aftermarket support. Honeywell Aerospace?supplies equipment to IndiGo's fleet of aircraft since 2015. IndiGo operates more than 400 aircraft. Aeromexico plans to adopt Honeywell Surface Alerts (SURF A) runway safety technology on its...

Prologis, the U.S.-based warehouse company, said that Segro had rejected its latest PS13.5billion ($18.17billion) takeover offer. It urged its British rivals' shareholders to press for Segro's board's involvement before a formal deadline. Segro's Board unanimously rejected the proposal, Prologis' third on July 17. Prologis stated that the bid valued Segro at PS9.93 a share and consisted of 0.0890 Prologis shares per Segro share, plus a partial 'cash alternative' of up to PS2.7billion. The latest offer is close to 34% higher than the closing price of the group on June 23, one day before Prologis made its interest public. Prologis said...

The major Gulf stock exchanges were mixed on Monday morning as the Middle East conflict intensified over the weekend. This was due to the U.S. attacking?Iran for the ninth consecutive night. Kuwait and Bahrain both reported new Iranian strikes in the'region. The U.S. Embassy in Bahrain warned Americans in Manama that Iran could target unspecified areas in the capital. Kuwait's Foreign Ministry has condemned an alleged Iranian attack on a desalination plant and power station. The Islamic Revolutionary?Corps announced on Monday that 2 oil tankers exploded, and became disabled?after attempting a southern route it called unsafe in the Strait of?Hormuz....

Ryanair warned on Monday that the average summer fare was likely to be lower than last year due to the uncertainty surrounding the Iran War, and that the airline's after-tax profits for the April-June quarter were below analyst expectations. Europe's biggest airline by passenger number reported an after-tax income of EUR538m ($615.6m) for its fiscal first quarter ending June 30 compared to a forecasted EUR579m in a poll of analysts. Citi analysts said in a note that the airline's shares looked likely "to open down a low-mid-single-digit-%" ?following the miss. FARES 'TRENDING MODERATELY DOWN Michael O'Leary, Chief Executive Officer of...

Ryanair warned that the 'average summer fares' would be a modestly lower than last year due to uncertainty surrounding 'the Iran war, while after-tax profits for the low cost airline April-June quarter fell below analyst expectations. The largest airline in Europe by passenger count reported an after-tax income of EUR538 millions ($615.6) for the?fiscal quarter ending June 30. This was compared to a 'forecast' of EUR579 from a poll of company analysts. Ryanair warned that fares may be flat between July-September in its last quarterly results, released in May. Michael O'Leary, Chief Executive of Irish Airlines, said that the first-quarter...

Authorities feared that dozens of people may have died after a 'ferry carrying 133 passengers capsized late Saturday night off the coast Guyana. They suggested an incorrect passenger list or drug use on the part of the crew could have been responsible. Guyana's authorities have not found any survivors since Sunday afternoon, when they announced that they had rescued 15 children and 67 adults. At a late-night press conference on Sunday, Juan Edghill, Minister of Public Works, said that the captain and several members of his crew are in police custody. Edghill stated that search and rescue was still ongoing....

Guyana authorities report that a ferry with 116 passengers, including 15 children, has sunk off the coast of Guyana, in South America, late Saturday night. 67 people, including those who were rescued, have been rescued. According to local media, an air traffic control tower received the distress call from the MV Barima at 11:01 pm on Saturday night, which triggered a search and rescue mission. The ferry capsized, along with?17 other crew members,?off of the North 'Atlantic Coast on its way to Port Kaituma. The ferry's departure point was not known. At a Sunday morning press conference, Prime Minister Mark...

The Jordanian government has not made any decision to evacuate the airport or seaport of Aqaba on Sunday, despite the U.S. Embassy in Amman stating that they were evacuated because of a credible threat. In a written report,?government spokeswoman Mohammad Al-Momani said that "no potential threats were recorded by the relevant Jordanian Authorities in the last few hours." "The port and airport are operating normally." The U.S. Embassy?had stated that the?airports and seaports were evacuated because of a "specific, credible threat" without providing any further details. The Jordanian authorities advised Americans not to travel to either of the two locations...

CFM International, a jet engine manufacturer, announced that it had received approval from the U.S. as well as?Europe for an upgrade to improve 'durability of engines utilised on Boeing 737 -MAX -jets. The "durability kit" will be available for LEAP-1B engine models that are powered by Airbus A320neo jets, which use the LEAP-1A model. CFM executives said in a press briefing before the Farnborough Airshow that it would double "time on wings" or gaps between critical repairs, especially for hot and harsh environments such as?the Middle East or India. In recent years, long waiting times for repair have been a...

Prime Minister Andris Kubergs said that the Latvian government was in talks with a strategic investor to help airBaltic. The carrier is trying to stabilize its finances and avoid default. These comments are made ahead of a meeting on August 3, at which airBaltic - in which Lufthansa Germany has a minor stake - will ask bondholders for short-term funding. Kulbergs said in an interview with the?widely-reaching Kulbergs on Thursday that they were talking to a serious company. He declined to identify it. "It's a matter of executing this summer... We have to take the necessary steps to prepare the...