All?11 passengers aboard a private plane that crashed in the sea near central Florida'survived' and were rescued by a u.s. rescuer a few hours later. Air Force Reserve Team, U.S. Coast Guard officials and Air Force officials announced on Wednesday. At a press conference held a day following the crash, Air Force Major Elizabeth Piowaty (commander of one of the aircraft that was involved in the rescue) told reporters: "It's pretty miraculous for all of those people to have survived." The plane that crashed, a twin engine turboprop with 11 adults aboard, was about 80 miles away from Melbourne, Florida....

FS is a 'leading corn ethanol 'producer' in Brazil. The agribusiness company Amaggi agreed to purchase a 40% stake, the companies said on Wednesday. This marks the agribusiness' entry into a rapidly growing industry that's gaining ground over sugarcane based biofuel. The deal, whose value wasn't disclosed, will support FS growth plans. FS operates three plants in the Mato 'Grosso area, which have a combined annual production capacity?of 2.5 billion liters of ethanol. According to the Sugarcane Industry Union (Unica), corn ethanol represented 27% of the total production in the Center South region for the harvest 2025/26. In a joint...

The U.S. and Israel war against Iran is causing financial stress for companies in Australia and New Zealand. Higher fuel prices are causing inflation, affecting consumer and business confidence and weighing on corporate earnings. Some of the companies in Australia and New Zealand have reported an impact on their business from the Middle East conflict. Air New Zealand New Zealand's Flag carrier predicted its largest annual pre-tax loss in four years two months after withdrawing their earlier 2026 forecast, as the Iran War pushed up jet oil prices, increasing costs and adding pressure from weak demand, fleet constraints, and increased...

Air New Zealand forecasts its biggest annual pre-tax losses in four years on Thursday, as the long drawn-out 'Middle East Conflict' drives up jet - fuel prices, increasing -its expenses, and adding pressure from weak demand, fleet constraints, and increased costs. The flag carrier of New Zealand forecasts its annual loss before tax of between NZ$340 and NZ$390 ($201.62-$231.27 millions), assuming an average jet fuel price per barrel of $145 in the second half. Last year, it had made a profit worth NZ$189m. The U.S. and Israel's war on Iran has caused a severe disruption in energy supply. Crude?prices have...

The Federal Aviation Administration announced Wednesday that it would'spend $16.5m to install transponders on its airport vehicles following a fatal accident in March between an Air Canada Express plane and a firetruck at New York LaGuardia Airport. The fire truck lacked a transponder which would have sent its location to the?air traffic controller. Last month, the Port Authority of New York &?New Jersey (which oversees LaGuardia Airport and other airports in the area) announced that it would add transponders on its vehicles which?operate near runways. The FAA intends to immediately start equipping its 1,900 vehicles in 264 airports with surface...

After a 2023 smoke-in cockpit incident, the?National Transportation Safety Board recommended on Wednesday that pilots be better prepared for such emergencies. The?board cited a Southwest Airlines flight in December '2023 of a 737 MAX after a bird flew directly into the engine. Smoke quickly filled the cockpit. The NTSB warned that if such an incident occurred during nighttime or under instrument meteorological conditions the results could be disastrous. Southwest has not yet commented. The NTSB reported that the Southwest flight crew had difficulty seeing the instruments and items on the checklist as the visibility decreased within seconds. The pilots put...

The aviation industry was blindsided by the sudden increase in jet fuel costs from $85 to $100 to $150 to $200 per barrel during the U.S./Israeli war on Iran. Fuel accounts for as much as a quarter or more of the operating costs, which has forced airlines to increase fares and review their financial forecasts. Here is an alphabetical list of the ways airlines are responding to this issue: AEGEAN AIRLINES The Greek airline anticipates that the suspension of Middle East flights, as well as a spike in fuel costs, will have "notable impacts" on its results for the first...

Air India announced a temporary cut in 'flights between June and August on a number of international routes, citing restrictions to airspace in certain regions and record high jet fuel prices. The Iran War has caused airspace closures around the globe, a sharp rise in fuel prices, and a longer rerouting of flights. Air India has been impacted by the conflict and its operational disruptions, which have resulted in a'significant increase of expenses' and exacerbated the effects of Pakistani airspace ban. Last year, Islamabad prohibited Indian carriers from entering its airspace due to tensions between the two nuclear-armed neighbors. Air...

Europe's largest tour company, TUI, ?posted a slightly narrower-than-expected second-quarter adjusted operating loss ?on Wednesday thanks to ?resilience in ?bookings. The?German tour operator reported a loss for the March 31 quarter of 188 millions euros ($221million), 9% less than the year before, despite the 40 million euro hit caused by the Iran War that forced flight cancellations and ship rerouting. Analysts surveyed by LSEG projected a loss of 194 millions euros. "The very good results give us confidence for the second half." Due to geopolitical challenges and dynamic operating conditions this will require a great deal of dedication and flexibility,...

The union that represents United Airlines flight attendants said Tuesday that they voted to ratify a new five-year contract which increases the base pay by nearly a third, and also includes boarding compensation. According to the Association of Flight Attendants - CWA, which represents a group of nearly 30,000 United flight attendants who are covered by this agreement, 82% of them voted for it. Terms of the contract were first announced by the airline in March. They include, among others, a 31% increase in base pay and compensation for the time it takes passengers to board a plane. United and...

Boeing announced on Tuesday that it had received a total of?135?net new orders during April. This is almost the same as its first quarter sales. Boeing booked 284 new orders in the first four month of this year after accounting for cancellations and convertions. This is the highest number of orders for this?period in 2014. Airbus has booked 405 orders after cancellations and modifications through April 30, but the U.S. rival is still behind. Airbus delivered 67 jets last month. Boeing delivered '47 jetliners in the month of April, an increase from the previous one. Investors closely track 'delivery', when...

Middle Eastern carriers increased capacity following the disruption caused by the Iran War, while airlines from outside the Gulf region rerouted flights between Europe & Asia away from major hubs. The latest flight information is listed below alphabetically: AEGEAN AIRLINES On May 21, Greece's largest airline will resume flights from Heraklion to Tel Aviv, as well as Rhodes and Larnaca. Thessaloniki-Tel Aviv flights are cancelled up until June 26. Flights to Beirut, Riyadh, and Amman will resume on May 12. The?airline?will cancel flights to Dubai until August 31 and Erbil and Baghdad till July 2. AIRBALTIC AirBaltic, a Latvian airline,...