Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

ITA Airways will resume flights from and to Tel Aviv on January 1, 2019.

Italy's ITA Airways has announced that it will resume direct flights to Tel Aviv on January 1. This will restore connections with Rome's Fiumicino airport, the main airport. According to the statement, the company, which is part of the Lufthansa Group, will operate at first two daily routes between Tel Aviv and the rest of Europe. The route is "of strategic importance to ITA Airways, and it represents a significant move for Italy. It further strengthens the commercial, cultural, and social ties between Italy and the United States." Hamas has reached a fragile truce with Israel this month, brokered by...

Passenger Transportation Services

China Aviation Fuel giant to undergo restructuring, says unit

China National Aviation Fuel Group (CNAFG), the dominant jet fuel distributor in China, will be restructured with another conglomerate. This was revealed by its Singapore listed subsidiary. China Aviation Oil (Singapore), CNAF Singapore's unit responsible for importing jet fuel into China, announced in a late-night statement on Thursday that the parent company CNAF will "undergo a corporate restructuring" with another corporate conglomerate. CAO did not provide any further details. China's demand is decreasing for gasoline and diesel due to the electrification of trucks and the use cheaper natural gas. However, demand for aviation fuel has grown significantly as a result...

Passenger Transportation Services

Cebu Pacific expands holiday flights with Bulgaria Air

Cebu Pacific, the Philippine budget airline, announced a partnership on Friday with Bulgaria Air. The agreement will last until December 2025 or January 2026. Cebu Pacific announced that two Airbus A320ceos will be used on four routes within the Philippines, from Manila to Cebu and Davao. Cebu Pacific is providing the cabin crews. Bulgaria Air will supply the aircraft, pilots and maintenance, while Cebu Pacific provides insurance. Cebu Pacific's CEO Mike Szucs stated at a press briefing that by increasing flight frequency, deploying widebody planes and enhancing our fleet with a damp lease from Bulgaria Air, Cebu Pacific was strategically...

Passenger Transportation Services

Bloomberg News: Air India wants $1.14 billion from SIA and Tata to survive, reports Bloomberg

Bloomberg News reported that Air India was seeking financial support of at least 100 billion rupees (about $1.14 billion) from its owners, Singapore Airlines and Tata sons. The report cited people who were familiar with the situation. This follows the deadly Air India crash that claimed more than 240 lives in June, plunging it into its worst crisis. It also complicates its efforts to restore its reputation as well as modernize its fleet. Reports said that the Tata Group's carrier, Air India, is seeking funds to revamp its systems and services and develop in-house engineering departments and maintenance departments. Bloomberg...

Passenger Transportation Services

JetBlue flight diverted to Tampa after flight problem, reported injuries

JetBlue Airways Flight 93, which was en route to New Jersey from Cancun in Mexico on Thursday, diverted after a flight-control issue. Some passengers were injured, according to the Federal Aviation Administration. JetBlue Flight 1230, an Airbus 320, departed Cancun International Airport and was heading to New Jersey's Newark Liberty International Airport at the time of its landing around 2:19 p.m. ET at Tampa, Florida. The FAA is conducting an investigation. JetBlue reported that the aircraft dropped in altitude. "Medical personnel evaluated passengers and crew members, and those who needed additional care were taken to a nearby hospital." The airline...

Passenger Transportation Services

United CEOs will attend White House event to push for an end to the shutdown

Sources say that the CEOs of American Airlines, United Airlines and Continental Airlines will be attending a White House roundtable this Thursday to push for an end to a 30-day government shut down after a spike in flight delays attributed to air traffic controllers' absences. United CEO Scott Kirby, American CEO Robert Isom, Vice President JDVance, Transportation Secretary Sean Duffy and Airlines for America CEO Chris Sununu will be joined by Air Line Pilots Association president Jason Ambrosi, and other participants at a roundtable to discuss the impact of the government shutdown, which has forced 13,000 controllers in the air...

Passenger Transportation Services

Chinese Airlines return to profit with summer surge but challenges remain

The peak summer season in China helped the three largest airlines in China to post their first quarterly profit for a year. However, the recovery may be short-lived as the oversupply continues drag down the domestic market. Air China, the flag carrier of China, reported a net profit for the third quarter of 4,14 billion yuan (US$581.22 millions), a drop of 5.16% compared to last year. According to a stock market filing, the airline has also announced plans to conduct a private placement of A-shares to raise up 20 billion yuan to pay off debts and replenish its capital. China...

Passenger Transportation Services

Malaysia's Capital A "ordeal" to unify AirAsia's seven airlines is nearing its end

Capital A, a Malaysian company, said that it had met all the conditions for selling its AirAsia business to AirAsia X (its medium-haul low cost sister company) by December. This will unite seven airlines under a common banner. Capital A announced that all key conditions for disposal have been met. This includes consent letters from creditor, approval by the Thailand Stock Exchange, and commitments made to raise new equity. AirAsia, founded in 2001 with just two aircraft, has grown to be one of Asia's leading budget airlines. Capital A, which was severely affected by the pandemic travel restrictions, has been...

Passenger Transportation Services

Vietnamese airline Vietjet orders 100 Airbus jets, 40 Rolls-Royce engines

Vietjet, a Vietnamese airline, has agreed to order 100 Airbus planes worth billions of dollars. The companies announced this in a statement released on Thursday. Vietjet has also ordered 40 Rolls-Royce engine as part of its expansion plans. To Lam, the top leader of Vietnam, visited Britain in order to strengthen ties between London and Vietnam. According to a joint statement, the airline has placed orders for 100 Airbus A321neo aircraft, following an non-binding Memorandum of Understanding signed with Airbus in June. Vietjet, in an internal document, said that the deal, which was valued at $25 billion but did not...

Passenger Transportation Services

Internal memo: Qantas digital and customer chief steps down after cyber breach months later

Qantas Chief Customer and Digital Officer?Catriona larritt is set to step down at the end of the month, according an internal memo seen on Thursday. This comes months after Qantas suffered one of Australia's largest cyber breaches. Vanessa Hudson, the CEO of the group, wrote to her staff that Larritt would leave the group in order to "pursue opportunities external to the group". Larritt joined the group in 2015, and worked for the airline's Jetstar and Freight units. According to the company's website, she assumed her current position in September 2023. Her responsibilities include customer experience, branding, marketing, and technology....

Passenger Transportation Services

Muscovites are happy to have sound-proof booths at metro stations for their calls

Moscow Metro installed soundproof booths in two of its busiest stations so that people can make urgent calls without being distracted by other passengers or the screech from train tracks. Irina is a sales rep who refused to reveal her last name. She said that she would continue to work while traveling underground by using the booths located in the vast hallways between the platforms. "I work remotely so sometimes I need to work here and now. "If I need to complete an urgent task, I could use a booth to pretend I'm in an office," she said. In the...

Passenger Transportation Services

Finnair's Q3 profits fall has led to a lower outlook for the airline, amid weak North Atlantic demand.

Finnair, the Finnish airline, reported on Thursday that its comparable operating profit for the third quarter fell and it lowered its sales forecasts for the full year. This was partly due to a weak demand across North Atlantic flights. The comparable operating profit dropped 29% compared to a year ago, falling to 50.7 millions euros ($59.5) including a 18 million hit due to pilot and air traffic strike. Finnair now expects a comparable operating profit of between 30-60 million euro in 2025 on sales of approximately 3.1 billion. The previous forecast, which was made in July, predicted a profit at...

Ground Transportation

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...

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...

Passenger Ground & Sea Transportation