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FAA wants to fine Boeing $3,1 million for safety violations
Federal Aviation Administration proposed a fine of $3.1 million against Boeing on Friday for a number of safety violations. These included actions related to the mid-air Alaska Airlines 737 MAX 9 emergency in January 2024, as well as for interfering with the independence and integrity safety officials. The FAA found hundreds quality system violations in the Boeing 737 factories in Renton, Washington and Wichita Kansas, as well as Spirit AeroSystems, a Boeing subcontractor. Boeing also failed to comply with the rules of its quality system and presented two aircraft that were not airworthy to the FAA in order to obtain an airworthiness certificate. The FAA determined that a Boeing employee pressed another Boeing worker who was performing tasks for the FAA, to sign off on a Boeing 737 MAX plane so the company could keep its delivery schedule despite having determined that the aircraft did NOT comply with standards. Boeing and Spirit AeroSystems have not yet commented. The National Transportation Safety Board found that Boeing had failed to provide sufficient training, guidance and oversight in order to prevent Alaska Airlines' mid-air panel blowout, which plunged the planemaker into crisis. The board severely criticized Boeing’s safety culture, its failure to install key bolts into a MAX 9 in production and the ineffective supervision by the FAA. FAA Administrator Bryan Bedford said earlier this week that the agency has not yet made a decision about whether or not to lift the 737 MAX monthly production cap of 38 planes, which was in place from early 2024. It also did have no decisions on how the agency would oversee Boeing production. Before a certificate of airworthiness is issued or an aircraft cleared for delivery, the FAA inspects each 737 MAX & 787 aircraft. The FAA typically delegated the authority for issuing airline tickets to the manufacturer.
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Spain hosts China Trade Talks and sees a chance to mend ties with the US
Spain is looking at hosting the United States-China talks in the next few days as an opportunity to repair relations with Donald Trump's administration, after Washington branded its plan to stop arms sales to Israel "emboldening terrorism". Treasury Secretary Scott Bessent chose Madrid to host their discussion, and a Spanish government source confirmed that Spain would take advantage of this opportunity. The U.S. said Tuesday that measures announced by Prime Minster Pedro Sanchez to restrict access to Spanish airspace and ports for ships and aircraft carrying weapons for Israel are "deeply concerned" because they could limit U.S. operation. According to an agreement signed in 53, the U.S. Military has been using the Moron Air Base and Rota Naval Base, both in Southern Spain, for over 70 years. Sanchez angered Washington by saying that Spain would not raise its defence spending from 3% to 5% of the gross domestic product. Trump then threatened to increase tariffs on Spain. Spain's relations with China are improving as its ties with America deteriorate. Sanchez, who has been to China three times within the last five years, switched from supporting EVs in China to abstaining on the issue of tariffs. He is trying to position Spain as a mediator between China and Europe. The fact that the U.S. used Spain's bases to refuel during the bombing of Iranian nucleus sites in June proves that Spain has never crossed the line, and that the transatlantic relationship is intact. This was stated by Jose-Ignacio Torreblanca senior advisor to the Madrid Office of the European Council on Foreign Relations. Torreblanca stated that "we do not know yet who requested (Spain hosting the event) - if it was the Chinese. But it is good news for Spain." He said that Spain's government will have the chance to talk with Bessent about its concerns and this will give Madrid an "advantage" in future negotiations. Reporting by Charlie Devereux, Aislin Laing and William Maclean.
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US launches pilot program for air taxi deployment
On Friday, the Trump administration announced that it would be launching a pilot program to accelerate the deployment of flying taxis. This is to help companies meet the regulatory hurdles in order to provide advanced air mobility. The Federal Aviation Administration announced that the program would include at least five public-private partnerships between state and local governments, private sector companies and the Federal Aviation Administration to ensure safe operation of electric vertical takeoff (eVTOL), aircraft. Joby Aviation has praised the program. "Aircraft in the program are able to begin operations in selected markets before full FAA certification. This is a crucial step in preparing scaled commercial services." The first to report the rise in air taxi stocks was. Archer Aviation shares rose 3%, while Joby shares grew 5%. Air taxi companies are racing to get approvals and to commercialize air taxi aircraft in order to meet the demand for more efficient and sustainable urban transportation. They promote eVTOLs, which can land and take off vertically. This allows them to get around traffic to transport passengers to airports or short city trips. In June, President Donald Trump issued an executive order to create the program. Other countries such as India, China and the United Arab Emirates are also working to accelerate deployment of eVTOLs. These aircraft could start carrying paying passengers by next year. FAA Administrator Bryan Bedford stated that the agency would use the lessons learned in the pilot projects for safe and scalable operations across the country. Projects include the development of short-range air taxis and longer-range fixed-wing flights. They also include cargo and logistical services, as well as supply for emergency management, medical transport or offshore energy facilities. Participants will use advanced air mobility, which will be generally over 1,320 lbs (599kg) and capable of carrying passengers. They will also use technologies that enable safe integration of the aircraft into the national system of airspace. In October 2024, the FAA will finalize comprehensive training and certification rules for air taxi pilots.
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Azerbaijani oil exports through BTC pipeline fell 5.3% year-on-year between January and August amid contamination
Azerbaijani figures showed that the country's oil exports through the Baku, Tbilisi, and Ceyhan pipelines fell by 5.3% between January-August, down from the previous year. The route had been contaminated with contaminated oil. In July, organic chloride contamination was found in Azeri BTC crude shipments. This caused several days of delays in loadings at Turkey's BTC Ceyhan Terminal. BP operates the Azeri Chirag and Guneshli Oilfields. The BTC pipeline runs through Georgia into Turkey. Azerbaijan shipped 24.6 million tonnes of oil in the first eight month of this year, with 74.7% of that going through the BTC. This is according to the statistics committee of the country. Data showed that the volume of transit oil imported from other countries such as Kazakhstan and Turkmenistan via the BTC dropped to 2.887 millions tons from 3.584million tons during the same period in 2024. (Reporting and editing by Louise Heavens; Nailia Bagirova)
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JTC Financial Services in talks to be taken over by rival bidders Warburg & Permira
After rejecting the previous buyout offers from both rival bidders, JTC Plc, a London-listed financial service firm, said it was in separate discussions with private equity firms Warburg & Permira on Friday. After Bloomberg News reported Warburg's involvement earlier in the day, JTC's shares jumped up to 11.3% and reached a new record high of 1,306 pence. The company's valuation now stands at over 2 billion pounds (US$2.71 billion). JTC is the latest London listed takeover target, in the midst of a potential bidding war. Private equity firms continue eying British companies because of their low valuations. JTC announced that it had rejected Warburg's two proposals on September 5, and 11 respectively. Warburg is currently in discussions with JTC about a third revised offer. JTC said that it has also rejected three Permira proposals and is in the early stages of discussions about a possible fourth revised offer. JTC, a Jersey-based company, did not reveal the prices at which its proposals were made. JTC stated that Permira has to announce a firm bid for JTC before September 26, or it will walk away. Warburg, on the other hand, has until October 10, as a deadline. Other private equity-led deals include Blackstone's nearing a deal with Warehouse REIT, while KKR agreed to purchase Spectris as the largest UK deal so far.
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Koreans describe their anxiety following the US immigration raid as 'like a military operation.
South Korean workers returned home to their families on Friday, after spending a week in detention by U.S. Immigration authorities. They described their horror at the raid of their Georgia workplace and their relief that they were reunited with them. One of the workers who participated in the raid on the 4th of September at the Hyundai Motor and LG Energy Solution car battery factory said, "It felt like a military operation." The authorities were deployed to the entire site within 10 minutes. He declined to reveal his name, as did many other people who spoke with him after their charter plane had landed at Incheon Airport. This was due to the sensitive nature of the situation. Another worker confirmed that U.S. agents arrived in armoured vehicles, helicopters, and separated workers based on visa types. They arrested those with a B-1 visa or the ESTA Visa-Waiver Programme. Some workers' phones were taken away, and they were unable inform their family members until their release. The U.S. Department of Homeland Security's largest single-site operation in history, the DHS detained 475 workers, including over 300 South Koreans, at the plant. Officials in the United States said that the workers had engaged in activities outside the scope of the visa authorisations or overstayed their visas. RELIEF AND ANGER Hwang Insong, brother of an engineer detained said: "I feel relieved." "I couldn't sleep for a whole week because I was so worried." Detainees' and their families' anxiety increased when the delay in their departure was caused by diplomatic disputes over their release terms. "I didn't even know when I could leave." One of the workers said that was the most difficult part. When asked about the conditions at the detention centre in Folkston, Georgia where they were kept, he replied: "It wasn't good." Some complained about the food, while others said that the water smelled of bleach. US Immigration and Customs Enforcement has not responded to questions regarding the alleged poor conditions of the facility. The wife of a subcontractor engineer who only gave her surname Kim said that her husband was arrested on the first day of his work at the construction site. She added that she thought his B-1 visa allowed him to be a supervisor. She expressed concern that he would have difficulty getting a visa to the United States and making business trips. "I'm worried about his career being ruined." South Korean officials claimed on Thursday that U.S. president Donald Trump encouraged the South Koreans who were released to remain in the United States, and train Americans. "I don’t think anyone wants to stay... after going through this, we are not sure whether I would go back," Jang Young-seon said, who had a B-1 Visa. South Korea, an important ally of the United States in Asia, was shocked by the video and pictures of workers chained at the wrists and ankles. Jang Young-eun, Jang's younger brother, said at the airport: "I was furious that an ally treated my brother like a thief." (Reporting and editing by Gareth Jones, Joyce Lee, and Hyunjoo Ji)
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Nigeria reduces crude oil losses to a 16-year low
Nigerian Upstream Petroleum Regulatory Commission said that Nigeria has reduced its crude oil loss to 9,600 barrels a day, which is the lowest since 2009. This is a dramatic drop from 102,900 barrels per day (bpd) lost in 2021. That was the highest loss in over two decades. The NUPRC credited the progress to collaboration between security agencies, contractors, and host communities as well as regulatory reforms, such as metering auditors. Nigeria, Africa's biggest oil producer, has had to deal with oil theft, vandalism of pipelines and aging infrastructure for years. These issues have reduced government revenues and discouraged foreign investments in the sector. The commission stated that the oil legislation passed in 2021, which aims to improve the regulatory framework and attract capital for upstream and middle operations, as well as increase transparency, has improved enforcement and protected infrastructure. In July, the daily production was 1.71 million barrels, consisting of 1.507 million crude oil barrels and 204.864 barrels condensates. The government announced on the social media platform X that in a separate development the Nigerian midstream and downstream infrastructure fund had signed a preliminary deal with Afreximbank for $500 million funding over the next 4 years to invest in gas infrastructure. Nigeria is turning to gas for an alternative fuel since it eliminated a popular, but expensive subsidy on gasoline. This move caused petrol prices to rise, resulting in criticism from both motorists and businesses who use petrol as a source of power.
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Kyodo reports that two people were injured when a United Airlines flight made an emergency landing in Japan.
Kyodo reported that two people were injured in a minor way after United Airlines Flight 32, which was headed to Cebu (Philippines), made an emergency landing in Osaka, a city in western Japan. NHK reported that a Boeing 737 from Narita Airport, near Tokyo, made an emergency landing after 7 p.m. (1000 GMT), after a cargo-fire indicator had activated over the Pacific Ocean. Kyodo reported that 142 passengers and crew members evacuated the aircraft by using emergency slides. The Kansai Airport, local police, fire departments, United Airlines and the Transport Ministry could not be reached by phone after normal business hours. (Reporting and editing by Philippa Fletcher; Mariko Katsumura, Satoshi Sugiyama)
Diesel tweaks help truckmakers hit EU climate targets
The International Council on Clean Transportation's (ICCT) report on Wednesday showed that most European truckmakers will meet the European Union 2025 emission targets, despite the fact that electric trucks only make up a small percentage of sales.
Heavy-duty vehicles, which are almost exclusively diesel-powered, account for one quarter of road transport emissions in Europe.
According to EU regulations, manufacturers are required to reduce CO2 emissions in 2025 by 15 percent compared with 2019 levels.
Truckmakers, unlike carmakers, can meet the emission standards by increasing diesel efficiency, and using regulatory flexibility, rather than selling large numbers of electric vehicles.
The ICCT stated that five of the seven largest EU trucks manufacturers - DAF Scania MAN Volvo Trucks Renault Trucks – are on track to meet the target even without any further improvements.
Daimler Truck & Iveco are behind but can avoid penalties by making modest changes.
Felipe Rodriquez is the programme director for the ICCT. He said that the regulation was working after more than a decade.
Scania and Volvo Trucks met the 2025 goal two years ago. This was largely due to reducing emissions from internal combustion engines (ICEs) in trucks.
Rodriquez stated that it was possible for Iveco to meet the requirements by selling 200 trucks with zero emissions and making other changes.
He said, "I think that if they put their act together they won't have to pay any penalty in 2025."
In Europe, only 14,000 out of 360,000 trucks were zero emission last year. Compare that to the millions of cars.
Rodriquez stated that a ramp-up across the industry was needed.
He said that "you'll run out of options" to tweak the internal combustion engines, and that the trucks with zero emissions will need to be produced in larger numbers.
On Thursday, representatives of the trucking industry will meet with three EU Commissioners to discuss electricification. Ursula von der Leyen, the Commission president, will meet with car executives on Friday to discuss the phase-out of combustion engine cars by 2035. Marie Mannes, Gareth Jones and Marie Mannes report.
(source: Reuters)