Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

Middle East flights suspended by airlines

After the 12-day war between Iran and Israel, which ended on Tuesday with a ceasefire brokered by the United States, many airline services are still disrupted throughout the Middle East. Safety concerns and airspace closures continue to impact airline traffic in this region. Here are a few airlines that have canceled flights from and to the region. AEGEAN AIRLINES The Greek airline has cancelled flights to Tel Aviv and Beirut as well as to Amman and Erbil until the early flight on September 8th. AIRBALTIC AirBaltic, a Latvian airline, has announced that it will cancel all flights from and to...

Passenger Transportation Services

Aviation sector is targeted by 'Scattered Spider" hacking, warns tech firms

Google and Palo Alto Networks have raised the alarm about the hacking group "Scattered spider"'s interest in aviation. In a statement posted on LinkedIn on Friday, Sam Rubin, an executive at Palo Alto's cybersecurity-focused Unit 42, said his company had "observed Muddled Libra (also known as Scattered Spider) targeting the aviation industry." In a similar statement, Charles Carmakal, an executive with Alphabet-owned Google's cybersecurity-focused Mandiant unit, said his company was "aware of multiple incidents in the airline and transportation sector which resemble the operations of UNC3944 or Scattered Spider." Both executives have not identified the specific companies that were targeted....

Passenger Transportation Services

Middle East flights suspended by airlines

There are still many airline services that have been disrupted across the Middle East as a result of the 12-day air conflict between Iran and Israel, which ended on Tuesday with a ceasefire brokered by the United States. Safety concerns and airspace closures continue to impact airline traffic in the area. Here are some airlines that have canceled flights from and to the region. AEGEAN AIRLINES The Greek airline has cancelled flights to Tel Aviv and Beirut as well as to Amman and Erbil until the early flight on September 8th. AIRBALTIC AirBaltic, a Latvian airline, announced that it had...

Passenger Transportation Services

Middle East flights suspended by airlines

There are still many airline services that have been disrupted across the Middle East as a result of the 12-day air conflict between Iran and Israel, which ended on Tuesday with a ceasefire brokered by the United States. Safety concerns and airspace closures continue to impact airline traffic in the area. Here are some airlines that have cancelled flights from and to the region. AEGEAN AIRLINES The Greek airline has cancelled flights to Tel Aviv and Beirut as well as to Amman and Erbil until the early flight on September 8th. AIRBALTIC AirBaltic, a Latvian airline, announced that it had...

Passenger Transportation Services

German industry leaders to meet with EU sector chiefs on sector challenges

A source with first-hand knowledge said that Germany will send some top industrial CEOs next week to Brussels to discuss with EU chief Ursula von der Leyen how to maintain the competitiveness of the sector in the face of trade wars, high energy prices and other challenges. Source: The meeting, which will be led by Hendrik Wüst, state premier of North Rhine-Westphalia and include CEOs from Thyssenkrupp Rheinmetall Lanxess Lanxess Lufthansa is expected to attract the CEOs for Thyssenkrupp Lufthansa Rheinmetall, Lanxess Lanxess among others. North Rhine-Westphalia, Germany's largest state, is also its industrial heartland. It has been under pressure...

Passenger Transportation Services

China bans power banks that are not certified and have been recalled from planes

China's aviation regulator has banned passengers from carrying power bank without Chinese safety certification marks, or those that have been recalled recently by manufacturers due to safety concerns. This move applies to all passengers boarding flights in China. It follows a global series of incidents involving lithium batteries, such as power banks, and planes overheating. A spare power bank could have been the cause of an Air Busan fire that occurred in January. In March, a Hong Kong Airlines flight flying from China to Hong Kong had to land in China because a fire broke out in an overhead luggage...

Passenger Transportation Services

Hawaiian Airlines cyber-attacked

Hawaiian Airlines announced on Thursday that a hacker had disrupted some of its IT system, but added that its flights continued to operate as planned. Hawaiian Airlines released a statement in which it said that "some of our systems" were affected by "a cybersecurity event". The event's nature was not revealed, but this kind of language is often used to describe ransomware attacks, when digital extortionists cripple a victim’s computer network until they receive a cryptocurrency ransom. Alaska Air Group owns the airline. It said that it has "taken measures to safeguard our operations and our flights operate safely and...

Passenger Transportation Services

Virgin Australia's private equity boss believes that it can weather the Middle East volatility.

Mike Murphy, a Bain Capital partner, is confident that Virgin Australia will be able to withstand the travel disruptions caused by Middle East tensions as well as the volatility in oil prices. Bain, who bought Virgin for A$3.5billion ($2.3billion) including liabilities in 2020 raised A$685m when Australia's 2nd largest airline listed on the Australian Securities Exchange Tuesday. In the initial public offering, the private equity firm reduced its stake from 70% to 39.4%. Virgin's debut at the ASX was just hours after Qatar closed its airspace. The airline diverted two Qatar bound flights following the firing of Iranian missiles on...

Passenger Transportation Services

Sources: India refuses entry to UN aviation expert in Air India crash investigation

Aditya KALA, Allison LAMPERT and David Shepardson Two senior sources with knowledge of the issue said that India would not permit a UN investigator join an investigation into a crashed Air India plane. Safety experts had criticised India for delaying analysis of black box data. Earlier this month, the United Nations Aviation Agency took an unusual step by offering India the services of one of their investigators in the wake of the Boeing 787-8 Dreamliner accident that killed 260 people on June 12 in Ahmedabad. The International Civil Aviation Organization (ICAO) has sent investigators in the past to assist with...

Passenger Transportation Services

Spanish court suspends fines against two airlines for cabin bag fees

A Spanish court ordered on Thursday a temporary suspension of a fine levied by the government against two budget airlines including Ryanair for practices like charging for larger cabin luggage, which, according to the Consumer Ministry, violated the rights of customers. The airlines appealed this decision and the court stated that it was not possible to resolve the matter at the present time. Paying the fine as the case is being litigated would put financial strain on the companies. This injunction order maintains the airline's policies until a decision is made. It represents a major victory for the airlines. Ryanair...

Passenger Transportation Services

Lyft asks drivers to provide strategic input on robotaxi rollout

Lyft launched its first ever Driver Autonomous Forum, an initiative that aims to involve seasoned drivers as they begin to integrate robotaxis in its ride-hailing services. This move is in response to the continued disruption of the ride-hailing market by self-driving cars. Robotaxis promises increased efficiency and lower cost, but they also threaten gig workers whose income is based on platforms such as Lyft or Uber. Experts and analysts have warned that robotaxis, if not implemented in a phased manner and with caution, could result in the displacement of large sections of the workforce. Tesla has recently used a few...

Passenger Transportation Services

Virgin Australia's private equity boss believes that it can weather the Middle East volatility.

Mike Murphy, a Bain Capital partner, is confident that Virgin Australia will be able to withstand the travel disruptions caused by Middle East tensions as well as the volatility in oil prices. Bain, who bought Virgin for A$3.5billion ($2.3billion) including liabilities in 2020 raised A$685m when Australia's 2nd largest airline listed on the Australian Securities Exchange Tuesday. In the initial public offering, the private equity firm reduced its stake from 70% to 39.4%. Virgin's debut at the ASX was just hours after Qatar closed its airspace. The airline diverted two Qatar bound flights following the firing of Iranian missiles on...

Ground Transportation

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...

Ground Transportation

The Greek Parliament approves an investigation into the former Transport Minister over a deadly train accident?

The Greek parliament voted Thursday to create a committee that will conduct an investigation on a former minister of transport who was in charge of the railways before the country's biggest train accident ever, which occurred in 2023. Kostas Karamanlis is the second official in the conservative government led by Kyriakos Mitsotakis who will face an investigation for the tragedy that killed 57. Many Greeks see the crash as a sign of the neglect shown by the government over the years and the failure to address safety issues. In a secret ballot conducted early on Thursday morning, 154 legislators voted...

Ground Transportation

Keep your distance from Iran when passing through the Hormuz Strait

Shipping sources reported on Wednesday that commercial ships were sailing near Oman, and maritime agencies are advising them to avoid Iran's water around the Strait of Hormuz. The conflict between Israel, and Iran is at risk of escalating. Iran has threatened in the past to close down the Strait of Hormuz in response to Western pressure. The closure of the Strait of Hormuz could affect trade and global oil prices. Ships sailing to Hormuz have taken the latest precaution to reduce risks. They are now sailing near the coast of Oman for most of their journey. The Gulf of Oman...

Passenger Ground & Sea Transportation