Transport Infrastructure

Passenger Transportation Services

Passenger Transportation Services

IRNA reports that the first international airline to land at Tehran Airport since flight suspension is IRNA.

FlyDubai was the first international airline to land at Tehran’s Imam Khomeini Airport, after a 20-day flight suspension that was imposed because of Israeli attacks against Iran. The official IRNA news service reported this. IRNA reported that the arrival of Flight FZ1930 from the airline base in United Arab Emirates at Iran's largest airport marked the beginning of the gradual return of normal operations to Iranian airspace. FlyDubai, a low-cost airline and sister carrier to Emirates. Local authorities described this landing as an indication of the aviation sector's effective crisis management and restored stability. IRNA reported that passenger services were...

Passenger Transportation Services

KLM union: wage offer insufficient; strike continues

The CNV union announced on Friday that KLM's wage proposal this week did not meet the needs of the ground staff of the Dutch branch of Air France-KLM. A strike at Amsterdam Airport scheduled for July 9th will take place. This means that the consultations have not yet resumed and that the strike that was announced for next Wednesday will still continue. Souleiman Amallah said in a press release that CNV had informed KLM. KLM announced wage proposals for Wednesday, including a payment of 1,177 euros in 2025 as well as a structural increase of up to 2,5% by July...

Passenger Transportation Services

French air traffic controllers strike for second day disrupts flights

The strike of French air traffic controllers, now in its second day, caused further flight delays and cancelations at the beginning of Europe's busy travel season. The civil aviation agency DGAC has told airlines that 40% of flights will be cancelled at three of Paris' main airports this Friday due to the strike. Air traffic controllers claim the strike is caused by a lack of staff and outdated equipment. DGAC also said that up to half of the flights at France's airports in other regions, mainly in the south, had been affected. The French Transport Minister Philippe Tabarot deemed the...

Passenger Transportation Services

Air France-KLM acquires majority stake in Scandinavian Airlines SAS

Air France-KLM announced on Friday that it intends to increase its stake in Scandinavian Airlines SAS from 19.9% to 60.5% by acquiring stakes currently held by Castlelake and Lind Invest, the top shareholders. Air France-KLM stated that the purchase is subject to regulatory approvals and should close in the second quarter of 2026. The company said that the value of the investment will be determined by closing based on SAS’s most recent financial performance including EBITDA, net debt and other metrics. The Scandinavian carrier welcomed the announcement and called it a "defining" moment that marked Air-France KLM’s commitment to strengthening...

Passenger Transportation Services

Air France-KLM acquires majority stake in SAS

Air France-KLM announced on Friday that it intends to increase its stake of Scandinavian airline SAS from 19.9% to 60.5% by acquiring stakes currently held by Castlelake and Lind Invest, the top shareholders. It said that the purchase is subject to receiving the necessary regulatory approvals and should close in the second quarter of 2026. The company said that the value of the investment will be determined by closing, and will be based on SAS’s most recent financial performance including EBITDA, net debt, and other factors. Air France-KLM's CEO Ben Smith said in March that his company is looking to...

Passenger Transportation Services

Air shipments from China to the US are disrupted by the end of the tax-free loophole.

Trade groups and analysts reported that the volume of air cargo shipments from Asia has decreased by double-digits since early May when the U.S. canceled a tax exemption for low value packages coming from China. Data from the International Air Transport Association showed that air cargo demand from Asia into North America fell 10.7% in May, compared to the same month one year ago. This "shows the dampening effects of changing U.S. Trade Policies," said IATA Director-General Willie Walsh in a Monday report. Tax exemptions for shipments under $800, often sent via air to U.S. clients of low-cost online platforms...

Passenger Transportation Services

United and JetBlue ask US not to accept Spirit Airlines' complaint about partnership

United Airlines and JetBlue Airways, a smaller airline, asked the U.S. Transportation Department on Thursday to reject a Spirit Airlines complaint about their proposed partnership. United and JetBlue called the arguments in the complaint about reduced competition "fiction", adding that "Blue Sky" will ensure JetBlue's competitiveness and independence, and allow JetBlue to continue growing and competing as an independent airline. United and JetBlue announced in May that their "Blue Sky", tie-up, would allow United to access some JetBlue slots at New York John F. Kennedy International Airport beginning in 2027. They also said they would exchange flight times at Newark...

Passenger Transportation Services

Spain adds Wizz air to its probe of low-cost airlines over cabin baggage fees

Wizz Air, a low-cost airline in Europe, confirmed Thursday that the Spanish Ministry of Consumer Affairs was investigating it for practices like charging extra for larger cabin luggage. Five other airlines have already been fined a total of 179 million Euros ($211 million) by the ministry. The Spanish court suspended fines for three airlines, Ryanair, Norwegian Air, and IAG's Vueling. This was done while the case is being reviewed by the courts following legal challenges brought forth by these carriers. EasyJet and Volotea, a privately-owned airline, were also fined. According to the ministry, it could take several months for the...

Passenger Transportation Services

FAA lifts ground stops at Ottawa and Montreal Airports

A spokesperson for the U.S. Federal Aviation Administration said that ground stops had been lifted at international airports of Ottawa and Montreal following a bomb threat which briefly stopped departing flights on Thursday. Ottawa Macdonald-Cartier International Airport announced on X it was investigating a possible security incident. It warned that the airport's operations could be disrupted and urged travelers to check flight status. In a press release, NAV Canada, the air traffic control manager in Canada, said that they were made aware of threats to bomb several of their facilities. The company said that employees in the affected areas were...

Passenger Transportation Services

The French air traffic controllers walkout disrupts travel in the early summer season

French air traffic controllers started a two-day walkout on Thursday in protest of staff shortages, and outdated equipment. This led to hundreds cancellations as summer is just getting underway. France's civil Aviation Agency DGAC has told airlines to re-evaluate their schedules. This includes at Paris' Roissy de Gaulle Airport - one Europe's most busy hubs – forcing carriers to cancel flights. Air France, France’s largest airline, announced that it had adjusted its flight schedule without providing details. However, it maintained its entire long-haul schedule. British Airways, owned by IAG, was using larger aircraft in order to minimize disruption. Ryanair announced...

Passenger Transportation Services

The French air traffic controllers strike disrupts travel in the early summer season

French air traffic control began a strike of two days on Thursday, demanding better working conditions. This will disrupt air travel during the start of summer. The French civil aviation agency DGAC asked airlines to reduce flights into and out of France, including at Paris Roissy Charles de Gaulle Airport, one of Europe’s busiest airports, due to the industrial action. Air France, France’s largest airline, said that, while it did not provide any details, it had adjusted its flight schedule. However, it maintained long-haul routes. Ryanair announced that it was forced to cancel over 30,000 flights on Thursday and Friday....

Passenger Transportation Services

AirAsia is in talks with Airbus to convert some Airbus aircraft orders into long-range jets, according to sources

AirAsia, a budget airline in Asia, is negotiating with Airbus about converting some narrow-body orders into the long-range A321XLR as it seeks to exit its restructuring process. Tony Fernandes is the CEO of AirAsia's owner Capital A Group. He said last month that he had been in discussions to purchase 50 to 70 Airbus models within the next one to three months. However, he indicated the first priority of the group was to complete its financial reorganisation. Sources said that a deal could be reached as soon as this week, when Malaysian Premier Anwar Ibrahim travels to Paris. Separately, a...

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