Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

Liverpool signs sponsorship agreement with Turkish Airlines for five years

The Anfield'side has agreed a five year deal with Turkish Airlines to become its main club partner from 1 June 2027. This is the first time since 2010 that Standard Chartered was their shirt sponsor. According to media reports the deal announced Tuesday is worth more than PS300 million ($405.78 millions), which would make it one of the most lucrative deals in the Premier League. The exact figures are not yet confirmed but it is expected to be similar to the income generated by Manchester United's shirt sponsoring deal with Qualcomm that was signed in August 2024. Standard Chartered is...

Passenger Transportation Services

Singapore minister defends Singapore Airlines' investment in Air India

Singapore's Transport Minister defended on Tuesday the 'Singapore Airlines investment in Air India', stating that 'the city-state's Flag carrier must grow abroad because there are limits to how many passengers will fly into or out of Singapore. In response to a parliament question, Minister Jeffrey Siow stated that the flag carrier is a publicly listed company which funds its investments out of its own balance sheet. It has not requested additional capital from shareholders. Temasek, a Singaporean state investor, owns the majority of the airline. Singapore Airlines' 25.1% share in Air India has affected its earnings, and the carrier's multi-billion...

Passenger Transportation Services

Willis Lease Finance targets Asia-Pacific growth with new Malaysian centre

Willis Lease Finance Corp, a US-based aircraft engine lessor, is targeting the soaring demand for engine maintenance in Asia-Pacific. Its CEO stated that its 'new Malaysian repair facility' was just one step of a larger regional push. The Nasdaq listed company announced in late August plans to build its third global repair centre for engines in Johor, southern Malaysia. This is instead of Singapore where the company has an office as well as large maintenance operations by ST Engineering and GE Aerospace. In an interview with CEO Austin Willis on Friday, Willis said that Singapore is a great location but...

Passenger Transportation Services

Airbus deliveries at the end of August rose by 9%

Airbus jet deliveries increased 9% in the first eight-months of 2026. The European planemaker is 'broadly on target' to meet its yearly quota, but it still has some catching up to do with the A330 after a production snag. Airbus announced in a monthly bulletin it delivered 475 jets between January and August. This is up from the 434 that were delivered in the same period last year. The total included 57 deliveries during August. The France-based company released data showing that deliveries of the A330 wide body jet resumed in August with one handover, after they had been suspended...

Passenger Transportation Services

ArianeGroup examines increase in European space launch

ArianeGroup, a European rocket manufacturer, is looking at a "potential increase" in the deployment of its Ariane 6 heavy launcher. CEO Christophe Bruneau said to reporters on Monday. The European Space Agency said 'on Friday that it was looking at increasing the launch rate for Europe's Ariane 6 rockets and Vega-C in future years in order to deal with a looming satellite deployment bottleneck. Arianespace, ArianeGroup's subsidiary in charge of marketing and operating launches out of French Guiana, wants to achieve a stable launch rate between nine and ten Ariane 6 rockets per year, starting in 2027. Bruneau said at...

Passenger Transportation Services

The worst air crashes of recent years around the world

On Sunday, five people were killed when a Boeing 767-3000 cargo plane operated by 21 Air on behalf of Amazon's Prime Air network overran the runway at Miami International Airport. The plane also struck several vehicles before catching fire. Here are some details about other fatal accidents that have occurred in recent years. UNITED STATES Air Canada Express'?pilot and?co-pilot?were killed and dozens of people were injured when the regional jet collided with an oncoming fire truck at New York LaGuardia Airport on March 22, On June 12, 2025, hundreds of people died when an Air India flight to London crashed...

Passenger Transportation Services

Major Gulf bourses edge higher despite U.S.-Iran maritime flare-up

The major Gulf stock markets rose in early Monday trading. Investor sentiment, however, remained cautious after a weekend of maritime strikes between the U.S. and Iran. The U.S. Central Command attacked three Iranian oil tanks, including one close to Iran's important Kharg Island export facility. Iran's Revolutionary Guard Navy responded by announcing that it had targeted "three tankers" who were navigating unofficial routes in the Strait of Hormuz as well as three other U.S. ships in nearby waters. Saudi Arabia's benchmark index rose 0.1% thanks to a 0.4% increase in Al Rajhi Bank. Flynas, a Saudi budget airline, rose 1.3%...

Passenger Transportation Services

Japanese sushi chain stops Chiikawa Rollout after Staff Caught Selling Freebies Online

After staff members stole free items to resell online, a Japanese sushi chain had to cancel its popular marketing campaign featuring cute "hamster-like" characters from the hit series "Chiikawa". Conveyor-belt ?chain Kura Sushi launched its Chiikawa campaign on August 21 with plans to distribute a limited number of branded items like pouches and plates on a first-come-first-served basis through the end of September. Customers could also win prizes by exchanging empty sushi plates with a game machine that yielded key chains, magnets, and other trinkets. Hiroyuki KOSAKA, Kura Sushi's spokesperson, said that the Chiikawa giveaways were so popular in its...

Passenger Transportation Services

Jakarta airport suspends flight due to Ash from Anak Krakatau

Jakarta's international airport, Soekarno Haatta, suspended flight operations until 9:30 am (0230 GMT) on Sunday because of volcanic ash. Indonesia's transport ministry reported that the suspension extended a halt scheduled to last until 5:30 am. It affected 209 flights including international flights. Anak Krakatau erupted late Friday night, and volcanic ash was detected at the airport on Sunday morning, according to a ministry statement. Berton Panjaitan is a spokesperson of Indonesia's disaster management agency BNPB. He said that the dispersal and accumulation of volcanic ash in Lampung Province on Sumatra Island, Indonesia, as well as Banten Province in Java has...

Passenger Transportation Services

Portugal asks Air France, KLM and Lufthansa to improve their offers for TAP sale

Portugal's government asked rivals Lufthansa and Air 'France-KLM to submit better offers for a'minority stake' in the 'flag carrier TAP', starting a final round of negotiations, after judging that both groups' first bids were too similar to choose one. In July, both European airline groups made binding but undisclosed offers to purchase a 44.9% stake in TAP. They also offered to become TAP's strategic partner. The?government received the assessment of the offers from Parpublica, the state-owned holding company. Leitao Amaro stated that the two binding offers "differeced in their content but were rated as being broadly similar overall". He told...

Passenger Transportation Services

Son of Sri Lanka's ex-president arrested on corruption charges

A top court in Sri Lanka announced on Friday that the son of former President Mahinda Rajapaksa was arrested and remanded to a prison until September 18 for alleged graft related to purchases of Airbus aircraft by SriLankan Airlines. Namal Rajapaksa is a member of the opposition Sri Lankan Podujana peramuna. He was arrested after more than five hours?of questioning from Sri Lanka's main anti-corruption body, the Commission to Investigate Allegations Of Bribery Or Corruption. The order remanding?him came from Colombo Chief Magistrates?Asanga?S. Bodaragama. Rajapaksa has consistently denied any wrongdoing. His lawyers weren't immediately available to comment. His arrest is...

Passenger Transportation Services

UAE shares rise as PMI shows solid growth for August

The stock markets of the United Arab Emirates rose on Friday, after a survey showed that the non-oil sector in the country grew at a steady pace in August. This was due to higher output and new business expansion. The S&P Global UAE Purchasing Managers' Index?rose from 52.7 to 55.3 in?August. Dubai's main stock index gained 0.7%, with broad gains. The blue-chip developer Emaar Properties rose by 2.2%, while low-cost carrier Air Arabia grew by 2.1%. Air Arabia announced that it would increase the frequency of its Bangkok flights by adding four daily flights to Sharjah. Abu Dhabi's benchmark Index...

Ground Transportation

Ground Freight

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...

Transportation

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...

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...

Passenger Ground & Sea Transportation