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Passenger Transportation Services
Riyadh Air, a Saudi-backed airline, lands its maiden flight amid the Iran conflict
Saudi Arabia's Riyadh Air, a new airline in Saudi Arabia, launched its first London flight on Wednesday using its new Boeing fleet. CEO Tony Douglas played down the impact of Iran conflict saying that the startup would benefit if travellers avoided other parts of Gulf. As the aviation industry struggles to cope with the impact of war in the Middle East, and rising jet fuel prices, the state-backed carrier has launched its first service from London Heathrow using one of its Boeing 787 Dreamliners. Douglas claimed that Riyadh Air’s smaller fleet offered some protection from the crisis. Douglas said, "I
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Transport Infrastructure
China summons giants of state-owned construction companies over safety violations
China's National Safety Regulators summoned China Communications Construction Company, and Power Construction Corporation of China on Wednesday for what they alleged were safety failures related to two major accidents. The emergency management ministry said that negligence, falsifications and illegal subcontracting as well as cutting corners, and failures in safety management at two companies and their subsidiaries led to a road collapse in May 2024 in southern China, which killed 52 people, and a partial collapse in November 2025 of a newly built?bridge in southwest China. The statement said that "the same types of accidents hazards were found repeatedly during inspections
Passenger Transportation Services
Transportation
New York Times Business News - June 10,
These are the top stories from?the New York Times Business Pages. ? These stories have not been?verified? and we cannot vouch for the accuracy of these reports. Anthropic has released a public version its Mythos AI model. However, it will be restricted from being used in high-risk areas like cybersecurity. This is after an earlier preview this year caused a global stir with its ability to detect'software flaws. General Motors is releasing software that will allow some U.S. owners of electric vehicles to send power back to the grid. This is another example of auto companies seeking business opportunities in...
Passenger Transportation Services
Brazil regulators expect MAX 10 certification in this year
Brazilian aviation regulator ANAC 'expects that its U.S. counterpart Federal Aviation Administration will certify the Boeing 737 MAX 10 in this year, and will 'work quickly to validate a decision locally. Boeing and airlines such as Brazilian airline Gol rely on the MAX 10 narrowbody, the largest variant, to help them grow. "Because it's an?FAA timetable, I can’t really comment. But I strongly believe that it will happen in this year," Faierstein said on the sidelines of an international airline chiefs meeting in Rio de Janeiro, on Monday. We will also work hard to get it done quickly here. We...
Passenger Transportation Services
Foreign visitors to Cuba's once-bustling tourist sites are becoming increasingly rare
Ramiro Escobar, a Colombian, had always dreamt of visiting Cuba. Last week, the 68 year-old finally made the trip after putting it off for decades. He visited the island's most famous sites including the Varadero beach resort with its white sands. Escobar raved about his trip despite Cuba's struggling economic situation and fuel shortages. He said, "It is true that the country is in crisis but there are still many services available and my experience has been excellent." "I have had a wonderful time here." Escobar, a foreign tourist from Latin America, was the only one out of six to...
Passenger Transportation Services
Emirates is optimistic about Boeing 777X but there has been no progress on the Airbus A350 engine dispute
Dubai's Emirates president says that the company expects to get its first Boeing 777X, which has been delayed for years, by June next year. However, it is still waiting on progress in Rolls-Royce engine improvement, which would allow them to order Airbus A350-1000. Emirates, the largest buyer of wide body jets in the world, has complained a lot about the long delays with Boeing's biggest?model and the durability of the engines on Airbus's own biggest model. Tim Clark, Emirates President, said on the sidelines a Berlin industry conference that the 777X was in "good shape". The airline anticipates receiving its...
Passenger Transportation Services
Emirates is optimistic about Boeing 777X but there has been no progress on the Airbus A350 engine dispute
Emirates' president stated that Dubai expects its first Boeing 777X to arrive in June of next year. However, the company has not seen any progress with Rolls-Royce engines, which would allow them to order Airbus A350-1000. Emirates, the world's biggest buyer of wide-body jets, has complained repeatedly about Boeing's 'long' delays and Airbus's engine reliability on its own largest model. Tim Clark, Emirates President, said on the sidelines a Berlin industry conference that the 777X was in "good shape". The airline anticipates receiving its first '777X' in May or June of next year. This is 14 years after Emirates was...
Passenger Transportation Services
There are some flights to the Middle East that have resumed but there is still disruption.
As regional carriers rebuild their schedules following war-related disruptions, some airlines are gradually restoring flights to the Middle East. However, the conflict continues to disrupt larger traffic flows. Middle Eastern airlines increased capacity following severe disruption caused by the Iran War, while many carriers outside of the Gulf still divert Europe-Asia flight to avoid the area. The latest flight information is listed below alphabetically: AEGEAN AIRLINES Thessaloniki-Tel?Aviv flights were cancelled by Greece's biggest carrier until June 26. Dubai flights are cancelled until August 31. Erbil, Baghdad and Erbil flights will be cancelled until July 2. AIRBALTIC AirBaltic, a Latvian airline,...
Passenger Transportation Services
India's ship certification authority takes a tougher stand on sanctioned oil tankers
The head of India's agency for ship safety certification has said that the agency is taking a more aggressive stance against vessels that are involved in evading trade sanctions by canceling the certification of over 200 tankers and ships. The Indian Register of 'Shipping' (IRClass) is one of the world's most prestigious'ship 'certifiers. A vessel being removed from this list could make it difficult for them to obtain insurance or access ports. Arun Sharma, Executive Chairman of the Mumbai-based non-profit organization IRClass, said that since 2023 235 ships have been declassified from its registry. These are mostly oil tankers, but...
Passenger Transportation Services
Fuel price shock widens product gap between US Airlines
Fuel?shocks that hit U.S. Airlines are doing more than just squeezing the margins. They're widening an existing product gap, which may take many years to close, as strong carriers continue to invest in lounges and premium seating, along with technology, international networks, that their weaker competitors may not be able to match. Executives from financially strong carriers such as United Airlines, Southwest Airlines, and Alaska Air spoke at the International Air Transport Association (IATA)'s annual meeting in Rio de Janeiro. They said that a growing divide exists between those airlines who have the ability to upgrade their services and those...
Passenger Transportation Services
Emirates won't cut flights in the Middle East despite pressures
Tim Clark, the airline's president, said that despite the financial pressures from the Middle East war, Emirates does not plan to reduce its capacity. The airline is continuing to fly passengers via Dubai to destinations such as India and Australia. They are taking precautions, including carrying extra fuel. Clark added that he did not care about the extra cost. Emirates also wants to expand in Germany. It says that most stakeholders would benefit from increased long-haul flight capacity. Emirates has been campaigning for more access to Berlin since its inception. Clark said Emirates had secured slots in Berlin but lacked...
Passenger Transportation Services
London is chosen as the European hub for AI-coding startup Cursor.
An executive revealed that the AI coding startup Cursor will be opening its European headquarters in London, and hiring 200 employees, as the demand for automated software development tools grows. Elon Musk’s SpaceX is preparing for a highly anticipated IPO this coming week. In April, it announced that it had acquired an option to acquire the code-generation startup Cursor later this year for $60 billion, or pay $10 Billion for their new partnership as it pushes further into the lucrative'market for AI developer tool. Cursor, based in San Francisco, chose London because of its 'access to multilingual workers and deep...
Passenger Transportation Services
Vietnam Orders Airlines to Accelerate U.S. Deals as Washington Trade Probes Mount
Vietnam's major airlines have been ordered to examine the progress of multi-billion dollar agreements with Boeing and Pratt & Whitney and look at new import deals with American firms, as Hanoi tries to bolster its hand in a?trade negotiating with the United States. The directive was issued on June 5, and then reviewed on Tuesday by the Ministry of Industry and Trade. This ministry is in charge of Vietnam's efforts to "demonstrate" to Washington the fact that the bilateral trade agreements are being implemented. The move follows three separate Trump Administration probes that targeted Hanoi over alleged trade distortions through?excessive...
Passenger Transportation Services
New Zealand's Capital City is hit by a storm, which cancels flights and ferries
On Tuesday, gale-force winds and rough waves battered New Zealand’s capital city of Wellington. This forced ferry and flight cancellations and road closures. Authorities urged hundreds along the?south coast of the city?to evacuate. An airport spokesperson confirmed by email that a light?aircraft was briefly blown over at Wellington Airport after a strong wind gust tipped it onto its wing. It said, "Nobody was hurt and it was quickly rectified." The 'New Zealand Herald' reported that the plane was just landing and the passengers had already disembarked when it tipped. At Wellington Airport, eight flights were canceled. Air New Zealand has...
Ground Transportation
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...
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...
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...