-
Transport Infrastructure
Senators briefed on Texas drone incident by the US
Senators have been informed that U.S. officials are to give a classified briefing to key senators on Wednesday, following two incidents in Texas with 'government drones' which prompted the Federal Aviation Administration (FAA) to close 'airspace? for airplanes. The U.S. Military shot down an unintentional government drone on February 25, using a laser-based system to combat drones. This prompted the FAA, who oversees flight restrictions around Fort Hancock in Texas, to extend this area. The FAA announced on February 18 that it would halt all flights at El Paso Airport, Texas for 10 days. However, the FAA reversed course after
-
Passenger Transportation Services
As flights to the Middle East cease, governments plan to repatriate their citizens
Commercial flights have been grounded in some parts of the Middle East due to an escalating conflict after U.S. and Israeli attacks on Iran. This has left foreigners stranded and prompted?governments' to plan repatriations. In alphabetical order, here is what government officials and representatives have said about the repatriation plan: AUSTRIA Austria's Foreign Ministry said that it has assisted?117 citizens who were vulnerable to leave the UAE or Israel via neighbouring countries. It is planning a charter flight for 170 passengers from Muscat tomorrow, but warned that travellers would be leaving on their own risk. BULGARIA GullivAir (Bulgaria Air), State
Passenger Transportation Services
Passenger Transportation Services
As the Middle East conflict escalates, airlines cancel flights
The global air travel industry is still severely affected by the Iran war, which forced the closure of key Middle Eastern hubs such as Dubai, Doha, and Abu Dhabi. This left tens and thousands of passengers stranded and disrupted thousands of flights. The following is a list of the most recent flights by airline alphabetically: AEGEAN AIRLINES Greece's largest airline has suspended flights from and to Tel Aviv, Beirut and Erbil until early morning arrivals on March 10. Flights to and from Dubai, Abu -Dhabi and Riyadh will be suspended until evening arrivals on March 6 and flights from Jeddah...
Passenger Transportation Services
Iranian sources claim that Mojtaba, Khamenei’s son, is still alive and has a good chance of succeeding him.
Two Iranian sources said on Wednesday that Mojtaba Khamenei is still alive and has a good chance of becoming the successor to his father, Ali Khamenei. As 'new explosions' shook the city of Tehran, huge crowds were expected to fill the streets on Wednesday evening in mourning for the elder Khamenei (86), who was killed by Israeli forces as part of the 'first assassination by airstrike of a country’s top leader. Israel and the United States continued their assaults against Iran around the clock on Wednesday, in a "campaign" that the top U.S. general said was ahead of the game...
Passenger Transportation Services
Middle East conflict forces governments to consider repatriation
Due to the conflict escalating after U.S., Israeli and other strikes on Iran there have been a number of commercial flights grounded across the Middle East. This has left foreigners stranded and prompted governments to consider repatriation. Below, you will find a list of what officials and governments have said in relation to repatriation. AUSTRALIA Foreign Minister Penny Wong stated that Australia is in talks with airlines to assist Australians who are stranded within the Middle East. However, evacuations will be difficult as much of the airspace in the region remains closed. She stated that approximately 115,000 Australians were in...
Passenger Transportation Services
Cyprus cancels alert after suspicious object is spotted near Lebanon
Cyprus reported that a suspicious object was detected near the Lebanese airspace on Wednesday. A?government?source said two Greek F-16 fighters were scrambled in order to intercept it. The alert was cancelled more than an hours later. The incident for which there was information relevant has been investigated, and is considered closed. The authorities are constantly monitoring the situation and are taking all necessary measures within the established framework. There are no further details available at this time. The government source stated that two aircraft were diverted from landing at the Larnaca Airport in Cyprus while the jets were scrambled. This...
Passenger Transportation Services
UAE markets slide after reopening from a two-day stop during Iranian attacks
The stock markets in Dubai and Abu Dhabi reopened on Wednesday after a two day pause following Iran's unprecedented missile and drone attacks against the Gulf?nation. U.S. troops continued non-stop operations against Iran, as Israel launched wide-ranging attacks on Iranian missile and air-defense targets; a U.S. commanding officer said that the campaign was running ahead of schedule. The UAE Capital Markets Authority shut down the ADX on March 2, and DFM March 3. This was a step that went beyond usual closures for holidays and mourning. The combined market cap of both exchanges is approximately $1.1 trillion. The trading of...
Passenger Transportation Services
Dassault CEO: FCAS fighter is 'dead if Airbus doesn't cooperate'
The head of French aircraft manufacturer Dassault Aviation said that he was aware of Airbus' refusal to collaborate with it on the next-generation fighter, and that "the FCAS project" would be dead unless this attitude changed. The aerospace industry is reportedly preparing to 'collapse' plans for the next phase in a development worth 100 billion euros ($116 billion), between France represented by Dassault and Germany and Spain represented by Airbus. "Airbus does not want to work with Dassault. End of story." Trappier said at a press conference: "I take note." Airbus declined ?to comment. The dispute is over the leadership...
Passenger Transportation Services
Dassault Aviation sees an increase in sales and operating profit by 2026.
Dassault Aerospace, a French company, announced on Wednesday that its operating profit would rise to '635 million euro ($737.4million) in 2025 from just '519 million euro a year ago. This was due to an increase of 19% in net sales up to 7.4 billion Euros. The maker of Rafale and Falcon business aircrafts released a statement in which they predicted that net sales would increase to 8.5 billion euro in 2026 and 28 Rafale and 40 Falcon jets would be delivered. Dassault reported earlier that Rafale deliveries increased to 26 from 21 in 2025, and Falcon deliveries rose to 37...
Passenger Transportation Services
Mr Lufthansa uses crisis playbook to address costs and union disputes
Carsten Spohr, the chief executive of Lufthansa, is firmly focused on his expansive airline empire. In the background, giant screens flash flight delay data as well as other performance indicators. Spohr is a former pilot who has been in charge of a company that includes Germany's flagship airline, ITA Airways, Eurowings and other firms for more than a decade. He also led the firm through the pandemic, and a fatal crash, which occurred in?2015. Spohr, one of the most prominent and divisive airline chiefs in recent years, is hoping to leverage his crisis management experience to help him overcome challenges,...
Passenger Transportation Services
Australian shares fall over 2% after hot GDP data reignites rate-hike speculation
Australian shares continued to fall on Wednesday. This was largely due to a sell-off in most sectors. The surprising?brisk growth of the economy rekindled bets for interest rate hikes. Meanwhile, the escalating Middle East conflict increased inflation concerns. If current losses continue, the S&P/ASX 200 will have its worst session since February 6, if it falls below 8,881.90. This week the benchmark index has dropped more than 3%, putting it on track for its largest weekly decline since April of last year. Data released earlier today showed that Australia's economy expanded at the fastest pace in almost three years in...
Passenger Transportation Services
Australian shares continue to decline on Middle East conflict. GDP data is in focus
Australian shares fell below the key 9,000-level on Wednesday, mainly due to concerns over inflationary effects of the Middle East conflict. S&P/ASX 200 index fell 1.5% at 2322 GMT, extending its losses for a second session. The benchmark index closed Tuesday down 1.3%. Investors' concerns over inflation were heightened by the rising oil prices caused by the Middle East conflict. Gold stocks were the primary percentage laggards. They fell 6.6%, as bullion price retreated amid stronger?dollars and lower rate-cutting prospects. Northern Star Resources and Evolution Mining both fell by 6.7% and 6.3%. BHP, Rio Tinto, and other mining giants fell...
Passenger Transportation Services
Sources say that a Russian-flagged LNG tanker is on fire in Mediterranean. The crew has been located in a lifeboat near Libya
The 'Russian flagged liquefied gas tanker Arctic Metagaz' is burning in the Mediterranean Sea, according to maritime security sources. Malta's Armed Forces said that the crew of the vessel had been found safe and sound in a lifeboat in Libya's search and rescue region. According to data from the MarineTraffic platform, the vessel under U.S. sanctions and UK sanctions sailed off the coast of Malta as recently as Monday. One of the sources claimed that Ukraine was suspected of committing the attack. However, no evidence was provided. Malta's military said that they received a distress call about the ship and...
Passenger Transportation Services
Israel's UN representative says that Israel and the US control nearly all Iranian airspace.
Danny Danon, Israel's U.N. ambassador, said that Israel and the United States control almost all of Iran's airspace. Danon said to reporters at the United Nations in New York that the conflict between Iran and Israel would not end within a day, or even a week. "We knew this wasn't going to be a simple war. We know the capabilities of the Iranian regime. He said that they spent billions on "the infrastructure of terror" and knew it would be a serious operation. "But it won't last forever. We are superior. We have superiority. Danon responded that the U.S. Israeli...
Ground Transportation
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...
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...
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...