Passenger Transportation Services

Hadrian, a manufacturing startup in the United States, announced on Thursday that its valuation was $7.87 billion. To meet the growing demand, a larger footprint is needed. Investors have poured money into U.S. Manufacturing firms, as the Trump Administration prioritizes domestic manufacturing in order to reduce U.S. dependence on overseas supply chains for critical industries. The California-based firm raised $1.37billion in a?Series D round led by Washington Harbour Partners, WCM Investment -Management, 137 Ventures, Valor Equity Partners and Baillie Gifford. JPMorgan Chase’s strategic investment group joined as an anchor and co-lead?investor?through its Security and?Resiliency Initiative, which invests into U.S. businesses...

The U.S. Federal Aviation Administration is reviewing a Tuesday air-traffic incident involving a military helicopter carrying President Donald Trump. The FAA announced that it was investigating a Marine One safety incident. However, the FAA stated that the close call did not appear to be dangerous and the aircraft were not apparently convergent. Two sources said that Trump's Marine One helicopter left the White House on Tuesday afternoon. However, air traffic controllers at Ronald Reagan Washington National Airport had not stopped commercial flights as required by a policy set last year after a fatal accident. The Wall Street Journal was the...

The Federal Aviation Administration proposed on Tuesday that airlines be given a 'flexibility with the requirements of emergency medical kits for commercial flights. The FAA proposes?moving away from a prescriptive?checklist?of medical items?and?setting instead?performance-based?standards that require carriers to have enough resources to manage nine conditions which are life-threatening? Emergency medical kits are required by the agency to be available for all passengers who need to be treated until emergency medical personnel can arrive. The proposal would allow airlines to?determine the items and quantities in a kit. The nine conditions are: severe allergic reactions, hypoglycemia, severe bleeding, gastrointestinal emergencies, childbirth and opioid...

These are the most popular?stories from the New York Times business pages. These stories have not been?verified?and we cannot vouch for the accuracy of these stories. Boeing has been cleared by US regulators to begin delivering its Boeing 737 Max 7 jet, the smallest version in the best-selling 737 'Max family, after it made changes to the flight-control software, the pilot alert system and an engine system which prevents ice from accumulating. After being confirmed by Senate last week, Jay Clayton was sworn-in as U.S. Director of National Intelligence. Kay Granger died at her Fort Worth home due to Alzheimer's....

The U.S. Federal Aviation Administration approved the Boeing 737 MAX 7 on Monday, marking a major milestone for the American planemaker who has been waiting years to sell its smallest version. Certification of the jetliner was several years behind schedule. Boeing once said that it expected to have the plane approved by the end of 2022. Boeing announced last month that the engine anti-ice fix for its 737 MAX was 'in the final stages' of regulatory certification. FAA Deputy Director Chris Rocheleau said last month that the MAX 10 was "right behind" the MAX 7 in terms of approval. Cirium,...

Companies and industry sources said that planemakers, airlines, and repair shops were conserving aircraft glass after an incident occurred at a California factory. The incident 'worsened shortages for a part required for both new aircraft and regular maintenance. GKN Aerospace, a leading supplier of cockpit and passenger window products in the world, stopped production at its Los Angeles suburb factory late in May after an overheating fuel tank caused fears of explosion, forcing 50,000 residents to evacuate for several days. Sources and executives stated that the incident did not affect new plane production or airline operations but it caused delays...

These are the most popular?stories from the Wall Street Journal. The Wall Street Journal has not'verified' these stories and does not vouch for their accuracy. The U.S. Treasury Department and Japan's Ministry of Finance conducted a joint intervention in foreign exchange to purchase the yen. German startup Agile Robots is expecting its revenue to double this year, from 300 million Euros. This will help it become profitable within two to three years. Acting Attorney-General Todd Blanche announced that he had formally rescinded the $1.8 billion "anti weaponization fund"?that was causing an impasse with two Republican senators who refused to confirm...

WeRide, a Chinese company that specializes in autonomous driving technologies, announced on Monday it will enter Denmark via a partnership with GreenMobility. This would extend its European footprint to a sixth country as Chinese firms specializing in'self-driving' technology accelerate their overseas expansion. China's auto-driving companies are now looking to Europe as a major growth market, after a previous push into the Gulf Region. They want to expand their market beyond their own home market, amid increasing competition and regulatory scrutiny. According to a statement from the company, under the partnership, which is subject to regulatory approval, WeRide,?GreenMobility, and other partners...

Flight attendants at Canada's WestJet went 'on strike' on Sunday, after failing to reach an agreement with the country's second-largest airline. This resulted in the cancellation of flights during busy summer travel seasons. The Canadian Union of Public Employees (CUPE), which represents 4,400 flight-attendants at the carrier owned by Onex Corp., gave a 72-hour notice on Thursday, signaling that there could be a strike if negotiations failed to yield an agreement. In a Sunday Facebook post announcing the?strike, the?union didn't provide any details. CUPE and airline 'didn't immediately respond to emailed requests for comments outside of business hours. The union...

WestJet Canada announced 'on Friday that it has begun to park Boeing 737 planes as negotiations with flight attendants have failed to result in an agreement. This could lead a labor disruption. Cabin crew could go on strike as early as 12:01 am August 2 for the Calgary-based Onex Corp. The Canadian Union of Public Employees, who represents WestJet flight attendants, said that if negotiations fail to result in a'resolution' over the dispute regarding unpaid work, they will strike at 6:01 AM Mountain Time (6:01 GMT) on August 2. The union wants cabin crew paid from when they check-in to...

Next week, the official who headed the Federal Aviation Administration's response to the deadly January 2025 collision between an Army helicopter & an American Airlines regional passenger jet near Reagan Washington National?Airport that killed 67 people will step down. In an email, Deputy FAA Administrator Chris Rocheleau told his employees that he would be leaving the agency to pursue a new job. Acting deputy administrator will be Liam McKenna, the FAA's General Counsel. The National Transportation Safety Board found that the FAA allowed helicopters to fly close to airports without any safeguards, and failed to act on data or recommendations...

Bombardier reported a second-quarter profit that was above analyst expectations. This was due to a robust demand for private jets, which also led to a turnaround in the company's free cash flow and increased its order backlog. Montreal-based Bombardier said that its quarterly revenue increased 6% annually to $2.15billion, despite having delivered four fewer aircraft. According to data compiled from LSEG, analysts estimated the company's revenues at $2.18 billion. Business jet manufacturers are benefiting from "strong demand" as AI startups and SpaceX generate new customers for private aviation. Bombardier is reducing debt and increasing production in order to deliver more...

German airline 'Lufthansa' on Tuesday announced a range of 'its adjusted operating profit (EBIT) for 2026, after the figure was more than halved due to increased fuel costs in the second quarter. The company now expects an EBIT adjusted of EUR1.7 to EUR2.2 billion (1.96-$2.53 Billion) due to a 'heightened level of uncertainty caused by high volatility in kerosene prices. Carsten Spohr, Chief Executive Officer of the company, said in a statement: "We reflect today on a challenging second quarter which was marked once again by multiple geopolitical crisis and uncertainty." "Despite the significant increase in fuel prices, we could...

Here are some company news and stories that could impact the markets in France and Benelux or even individual stocks. Aeroports de Paris - The Paris airport operator ADP reported that the net income attributable to the first half nearly tripled, reaching?312 millions euros. It has lowered its estimate for the annual traffic growth of Paris Aeroport by 2026 from an earlier range of 1.5% to 2.5%. Now, it expects recurring EBITDA?of between?2.30 and 2.35 billion euro. AIRBUS: Airbus AIR.PA voiced increasing confidence in its critical jet delivery target and maintained other 2026 goals as it unveiled stronger-than-expected second-quarter results...

Airbus has completed a marathon flight lasting more than 24 hours. The A350 jet, which is being 'developed for record-beating commercial flights' touched down in France on Tuesday. The test is a crucial step in Qantas Project Sunrise. It aims to launch one of the longest commercial passenger flights and revolutionize long-haul travel, by eliminating stopovers from Australia to Europe. The A350-1000ULR, specially adapted for the Australian airline's Sydney-London nonstop route is due to debut in 2027. Airbus has been testing the aircraft for two months since June. Airbus said the aircraft, which has a specially-designed extra fuel tank, was...

The European Consumer Federation and a prominent EU legislator are urging the European Commission to make sure that online shoppers do not have to pay?unexpected fees to cover a newly introduced customs duty. The EU introduced a EUR3 fee ($3.41) on low-value ecommerce imports which had previously entered the EU duty-free. BEUC, a group of consumer organizations from 31 European nations, believes that consumers should know the price including taxes. The group found that sometimes duties are only displayed late in the checkout or not at all. This can lead to an unanticipated charge. PostNL and La Poste are two...

An EU official revealed that the European Union was preparing to review airline ownership rules in order to prevent foreign investors gaining control over carriers. This could complicate US bids for easyJet, a low-cost airline. Officials said that the EU review was not previously reported and would "protect strategic independence" in order to keep control of regional carriers within the EU. The announcement comes as two U.S. investment firms compete for control of the major European budget airline easyJet. This is expected to test the limits of EU rules which require 51% local ownership. The official, who asked not to...

Boeing asked the U.S. Government to pressure the European Union on transparency regarding a EUR3 Billion ($3.43 Billion) loan package?to Airbus. This resurfaced trade tensions following the two sides?extending a tariff truce?over jet subsidy. Airbus is reportedly planning to develop a new aircraft as early as 2030. This could spark a new wave of competition on the global jet market. After a 17-year fight at the World Trade Organization, both sides achieved partial victories over their mutual claims about aircraft subsidies. This led to a transatlantic wave of tariffs that hit other industries. The ceasefire, which was due to end...

Airline executives warned Boeing and Airbus on Monday not to rush into a 'new genration of commercial jets' without making sure their technology was mature enough. Paul Kent, Chief Commercial Officer at BOC Aviation told the Airline Leaders Summit at the Farnborough Airshow that he was not interested in seeing a new narrowbody by 2030. Kent said: "When you launch an aircraft, but they aren't mature when you start, and then you develop that maturity by introducing the program, you will need to continue to run it for many years to make it economically viable." Michael O'Leary warned Ryanair's CEO...

CFM International, a jet engine manufacturer, announced that it had received approval from the U.S. as well as?Europe for an upgrade to improve 'durability of engines utilised on Boeing 737 -MAX -jets. The "durability kit" will be available for LEAP-1B engine models that are powered by Airbus A320neo jets, which use the LEAP-1A model. CFM executives said in a press briefing before the Farnborough Airshow that it would double "time on wings" or gaps between critical repairs, especially for hot and harsh environments such as?the Middle East or India. In recent years, long waiting times for repair have been a...

As security threats spiral, defence is expected to be at the forefront of Britain's Farnborough Airshow. Aerospace and arms makers are struggling to keep up with demand for weapons and cement a fragile recovery in civil jet and engine production. The Ukraine war is in its fifth year, and the Gulf ceasefire has been shattered. These risks are likely to push the annual competition between Boeing and Airbus over commercial jet orders in the July 20-24 trade show down the pecking-order. Air Chief Marshall Harv Smyth of the Royal Air Force told the International Air Chiefs Conference before the show...

Argentina fans bought flights to the United States within hours of the national carrier putting on special services for the Sunday World Cup final in New Jersey against Spain. This shows that Argentina is willing to pay almost any price to support the defending champions. Aerolineas Argentinas, a state-run airline, said that two special Buenos Aires to New York flights released on Wednesday evening had sold out by the morning of Thursday. The flight was priced at $5,000 for economy class and $10,000 for business class, which is far higher than the usual fares. Spain won a 2-0 victory over...

Industry sources reported on Friday that PAL is expected to announce its first Boeing purchase in nearly 20 years. These orders will be announced this month at the Farnborough Airshow. The inclusion of the Boeing 787 in the competition will trigger a separate engine race between Britain's Rolls-Royce Aerospace and U.S. giant GE Aerospace. Airbus and Boeing refused to comment on the commercial discussions. Philippine Airlines stated that it was unable to provide any?information regarding potential fleet acquisitions. The airline's president announced at an industry summit in June that it planned to order "new planes" within the next two months....

Anko van 'der Werff will replace Michael Rousseau, the CEO of Canada's largest airline, Air - Canada, as its new CEO. This announcement ends months of speculation about leadership. The search for Rousseau's replacement was concluded by the appointment. In March, he announced that he would be retiring after 19 years with?the airline. Rousseau was criticized earlier this year for failing to express condolences after a crash that claimed the lives of two pilots. Van der Werff will join Air Canada by the end of January, 2027. The?airline announced that SAS, which is a part-owned company of?Air France KLM, would...