Passenger Transportation Services

Emirates' president said that a European proposal to impose carbon charges on some international flights would hit carriers?twice. He was speaking as more airlines gathered behind a global deal to halt pollution. The European Commission released proposals on Friday for the implementation of costs for emissions on international flights that depart Europe, measured at a certain point in central Europe and land in countries as far away as 5,000 km (3100 miles). If approved, the proposal will 'exclude direct flights from the U.S. to the Middle East and North Africa, but some flights from the Middle East to Turkey, for...

Senior finance executives told the Farnborough Airshow that private investors need to fill the gap left by cash-strapped governments. But, too many bottlenecks and barriers discourage investment. Cathal Deasy said that "public spending will not be enough. We need to mobilize private capital in large quantities." He added that national governments must act more quickly and with greater clarity. According to event organizers, bankers and investors have attended the annual aerospace conference in record numbers this year. They are attracted by the prospect of 'cashing in' on a global boom for defence investing amid increasing geopolitical tensions. Investor sentiment has...

A federal appeals court decertified on Monday a class action filed by shareholders accusing Boeing of prioritizing profits over safety, and exaggerating its commitment to aircraft safety. This was prior to the mid-air panel blowout that occurred on a Alaska Airlines 737 MAX in January 2024. The 4th U.S. The 4th U.S. Circuit Court of Appeals ruled that shareholders?led?by Rhode Island's State Treasurer failed to provide?an adequate methodology for calculating damages on a?classwide?basis. The lawyers for the shareholders didn't?immediately? respond to requests?for comments. Boeing's lawyers also did not respond immediately to similar inquiries. Class actions allow for greater recovery at...

The Jordanian government has not made any decision to evacuate the airport or seaport of Aqaba on Sunday, despite the U.S. Embassy in Amman stating that they were evacuated because of a credible threat. In a written report,?government spokeswoman Mohammad Al-Momani said that "no potential threats were recorded by the relevant Jordanian Authorities in the last few hours." "The port and airport are operating normally." The U.S. Embassy?had stated that the?airports and seaports were evacuated because of a "specific, credible threat" without providing any further details. The Jordanian authorities advised Americans not to travel to either of the two locations...

Mexico's economy is sluggish due to weak investment, uncertainty about the USMCA review and a lack of confidence in the World Cup. Mexico hosted 13 of the 104 matches in this tournament. It is expected to end on Sunday, after more than a months worth of matches played across Canada, United States and Mexico. It fell short of the ambitious tourism targets set by officials to boost gross domestic product (GDP), a figure that contracted in the first three months. Humberto Calzada is the chief economist at Rankia. Calzada said the tournament is only a temporary stimulus to an economy...

Families of the five crew aboard a Boeing 737 cargo aircraft that crashed in the Arabian Sea near Pakistan last week are urging a global search to locate the flight recorders and determine the cause. The debris from the K2 Airways cargo plane was recovered shortly after the crash on July 7, but the depth of the water is approximately 3,000 meters (9,800 feet). Aviation experts who are familiar with deep-water crashes like Air France 447, in 2009, say that finding the "black boxes", would require an expensive underwater search. They may also need foreign assistance. The locator beacons of...

The National Transportation Safety Board announced Thursday that it had 'found evidence of bird strikes before a tourist heli smashed upside down in the Hudson River, 'New York City,?April 2025 killing all six passengers. Agustin Escobar was the CEO of Rail Infrastructure for Siemens Mobility, a train transportation division of Germany's Siemens, and he died in this accident. The NTSB confirmed that evidence had been found of a bird'strike' on the Bell 206L-4 helicopter. At least two dozen helicopter operators are listed on the tour website Viator. They offer tourists a bird’s eye view of Manhattan. Many operators offer shuttle...

The National Highway Traffic Safety Administration denied a petition filed by Tesla on?Thursday to avoid a recall for almost 20,000 vehicles that have headlights which may exceed the maximum lighting levels. Tesla said the issue did not have any impact on motor vehicle safety, and therefore there was no need for a recall. NHTSA disagreed with Tesla that there was no "increased risk" of glare to surrounding traffic or drivers of the vehicle. NHTSA?said that the recall covered about 19,900 Tesla Model 3 and Tesla Model Y models from 2017-2023. Tesla did not respond immediately to a request for comment....

S&P 500 and Nasdaq are set to open lower?on Friday as chip stocks weakened anew, while investors analyzed fresh economic data in search of?clues?"on the state of the economy. Semiconductor stocks continued to fall from the previous session when investors shifted their attention from megacap technology names to banks and banks following strong results from major lenders. TSMC shares listed in the U.S. fell 3.9% during premarket trading despite the fact that the advanced AI chipmaker had reported a 77% increase in its second-quarter profits, which exceeded market expectations. Memory-chip manufacturers were among the largest decliners. Western Digital, Seagate Technology,...

U.S. index futures on Thursday were mixed as weakness in?chip?stocks kept the sentiment low ahead of a?fresh set of economic data. However, positive results from?UnitedHealth provided some support. UnitedHealth's latest positive quarterly result, a higher profit forecast for 2026, sent shares of the healthcare giant up by 6.7% just before the bell rang, helping to lift Dow futures. Humana and Centene, their peers, gained 5% each and 4,2% respectively. Investors shifted their attention to megacap technology companies and banks after strong results by major lenders. U.S. listed?shares?of TSMC dropped 4.6% during premarket trading despite the fact that the advanced AI...

Irish airline Aer Lingus said it could cut up to 500 jobs in a reorganisation. It cited high costs 'and a challenging 'economic environment. In a Thursday statement, the airline said that it had already reduced senior management positions by a quarter and planned to cut employee costs "by roughly the same amount" while changing its network to eliminate 'lower margin flying. It said that this would reduce overall flying by 6 percent, including certain long-haul, short-haul, and international routes. They also added that they were focused on reducing "supplier costs." The measures come after the parent company of IAG...

GE Aerospace increased its profit?forecast for 2026 on Thursday as airline spending?on parts and services remained stable despite higher fuel prices - and fewer flights. As the Iranian war disrupts oil shipping routes around the world, jet fuel prices are rising and airlines have to cut back on capacity. GE Aerospace Services is closely linked to aircraft departures. Increased flying?drives increased engine wear and maintenance demands. The company said that any impact on revenue and profit from'services' this year will be minimal, since much of the work for '2026 is already secured, and spare parts demand continues to outpace supply....

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...

Some airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts intensify to resolve the conflict following the U.S.-Israeli strike on Iran. However, many carriers continue to suspend flights that disrupt global travel. The following is a list of the current status of flights by alphabetical order. AEGEAN AIRLINES The largest airline in Greece has cancelled flights to Dubai until August 31 and Erbil and Baghdad?until Sept 30. AIRBALTIC AirBaltic, a Latvian airline, resumed its Tel Aviv operations on July 1. Dubai flights are suspended until October 24. AIR CANADA Canadian Airlines has cancelled all flights...

As diplomatic efforts to resolve the conflict that followed the U.S.-Israeli strikes on Iran gain momentum, some airlines are restoring their flights to certain parts of the Middle East. However, many carriers continue to suspend flights, causing global travel disruptions. The following is a list of the current status of flights by alphabetical order. AEGEAN AIRLINES Thessaloniki-Tel Aviv flights were resumed by Greece's largest airline on June 28. Dubai flights are suspended until August 31 and Erbil and Baghdad flights until September 30. AIRBALTIC AirBaltic, a Latvian airline, has suspended flights to Tel Aviv from June 28 to July 1,...

Some airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts intensify to resolve the conflict that erupted after the U.S.-Israeli strikes on Iran. However, many carriers continue to suspend their flights, causing global travel disruptions. Below is an alphabetical update of the flight statuses for airlines. AEGEAN AIRLINES Thessaloniki-Tel 'Aviv flights were cancelled by Greece's biggest carrier until 26 June. Flights from Thessaloniki to Tel 'Aviv have been canceled until June 26. AIRBALTIC AirBaltic, a Latvian airline, has canceled flights to Tel Aviv and Dubai until the 28th of June. AIR CANADA Canadian Airlines has...

Here are some company news and stories that could impact the markets in France and Benelux or on individual stocks. AIR FRANCE KLM: The Franco-Dutch carrier?Air France KLM?has successfully issued EUR 500 million senior notes under?its EMTN Program?with a 5-year maturity and a fixed coupon annual of 4.250%. These notes will be used primarily to fund general corporate purposes. LE SLIP FRANCAIS: French underwear manufacturer Le Slip Francais plans to trade its shares on the Paris stock exchange on Bastille Day, July 14. Michelin: The French tire manufacturer Michelin plans to phase out its BFGoodrich tire factory in Tuscaloosa in...

European shares closed at a record-high on Thursday. Leading the charge were 'healthcare stocks,' while a resurgent AI rallies triggered by strong "forecasts" from Micron and Qualcomm provided early support. The pan-European STOXX 600 ended the session 0.8% higher, at a new record close of 640.21. It had previously reached an intraday record of 642.09 during the session. This was the largest one-day increase in nearly two weeks. The index was boosted by 1.5% in healthcare stocks. Bayer topped the STOXX600 after a court ruling in which the U.S. Supreme Court ruled that thousands of lawsuits were dismissed accusing the...

Some airlines have resumed flights to certain parts of the Middle East, as diplomatic efforts intensify to resolve the conflict that erupted after the U.S.-Israeli strikes on Iran. However, many carriers continue to suspend flights, causing global travel disruptions. The following is a list of the current status of flights by alphabetical order. AEGEAN AIRLINES Thessaloniki-Tel Aviv flights were cancelled by Greece's largest airline until June 26. Erbil, Baghdad and Dubai flights are all cancelled until September 30. AIRBALTIC AirBaltic, a Latvian airline, has canceled flights to Tel Aviv and Dubai until the 28th of June. AIR CANADA Canadian Airlines...