Passenger Transportation Services

The Federal Communications Commission chair proposed Wednesday to end subsidies for wireless technology on school buses, which were originally created as part of a COVID program. FCC chair Brendan Carr requested that the commission reverse policies implemented under former-President Joe Biden, allowing subsidies for WiFi on school buses as well as for wireless hotspots which could be borrowed from libraries to access online. Carr stated that the proposal would "end the FCC funding unsupervised screentime for young children." Carr also said that the FCC "failed to prove that these funding decisions will advance legitimate classroom or libraries purposes." In May,...

U.S. officials and European sources have confirmed that the United States has warned countries not to accept a United Nations deal on cutting marine fuel emissions or else face tariffs and visa restrictions. The Trump administration wants to increase the economic power of the United States, which includes taking a larger role in global shipping. It has also used tariffs to force Washington's trading partners to offer better terms. In April, the International Maritime Organization of the U.N. (IMO) reached a draft agreement that would impose a charge on ships that violate global standards for carbon emissions. Washington withdrew from...

WestJet, a low-cost Canadian airline, announced on Wednesday that it had ordered 67 Boeing aircraft for a fleet upgrade, including seven Boeing 787-9 Dreamliners and 60 Boeing 737-10 MAX narrowbodies. The Calgary-based airline said that it has also acquired options to purchase 25 additional 737-10 MAXs and four Dreamliners with delivery dates extending through 2034. WestJet operates 193 aircraft, and it has an order list of 123 jets with 40 options. The average age is 10 years. Alexis von Hoensbroech, Chief Executive Officer of WestJet, said: "With these additions to our aircraft fleet, WestJet will double our Dreamliners." The Boeing...

Via Transportation, a transit technology company, said it would aim for a valuation up to $3.50billion in its initial public offer. It joins a number of other companies that are planning to list on U.S. stock exchanges by the fall. Via is offering 10,7 million shares at a price between $40 and $44 each to raise $471 million. Investor interest in IPOs is increasing amid a rally on the equity markets, fueled by strong tech earnings. Expectations of short-term rate cuts are also growing. The popularity of first-time shares has also been boosted by the debuts of design software company...

Frontier Group shares rose 15% on Tuesday as investors bet the ultra-low cost carrier would gain more market share after main rival Spirit Airlines filed for bankruptcy for the second time in six months and announced plans to cut routes. The stock is on track to have its best day for more than five month, underscoring the expectation that the turmoil in the U.S. low-cost airline industry could reshape it and give Frontier a competitive advantage. Analysts at Deutsche Bank believe that Frontier is best placed to profit from Spirit's bankruptcy due to the overlap in their networks. The brokerage...

The new $250 visa integrity fee imposed on foreign travelers entering the United States could put more pressure on a struggling travel industry. This is because overseas arrivals are continuing to decline due to President Donald Trump’s immigration crackdown and his hostility towards many countries. According to U.S. Government data, overseas travel to the U.S. decreased 3.1% on an annual basis in July. This amounted to 19.2 millions visitors. This was the fifth consecutive month of declines this year. It defies expectations that inbound visitor numbers would surpass 79.4 millions by 2025. The new visa fee is set to take...

Spirit Airlines, the pioneer of no-frills air travel in the United States, filed for chapter 11 bankruptcy on Friday. Its turnaround efforts have been stalled by dwindling funds and mounting losses since it emerged from its previous Chapter 11 restructuring in March. Since March, when the carrier emerged from its first bankruptcy, it has struggled with stabilizing its operations. The airline announced on Friday that flights, sales of tickets, reservations, and operations would continue. Spirit Airlines had tried to rebrand itself as a premium airline in order to keep up with the post-pandemic trends of travel that have challenged ultra-low...

The Federal Aviation Administration halted arriving flights for over an hour at Newark Liberty International Airport on Thursday due to a telecom frequency issue. This is the latest technical problem to cause delays at the airport in New York City. Flightradar24 is a flight-tracking site that reports flights to Newark, the hub of United Airlines, are currently suspended. Flights already in the air are held, but the departures are unaffected. The FAA reported that delays are increasing as flights resume following a 75-minute pause. In April and May, there were two major communications failures for the air traffic controllers in...

UAW President Shawn Fain announced that members of the United Auto Workers at GE Aerospace’s Evendale, Ohio plant and Erlanger distribution facility in Kentucky went on strike Thursday, after failing to come to a new agreement. Evendale builds industrial and marine engines for the U.S. Navy. Erlanger supplies parts to the company's other engine plants. The strike is the latest in a series of strikes that have swept through the aerospace and aviation industries. Unions are flexing their muscle to win new contracts, amid a high demand for skilled workers. In the past two years, workers in all sectors have...

UAW President Shawn Fain announced in a late-night video that members of the United Auto Workers at GE Aerospace’s Evendale, Ohio plant would go on strike starting Thursday, after they failed to reach a contract. The U.S. Navy uses the plant to build marine and industrial engines. The walkout extends also to a GE Distribution facility in Erlanger (Kentucky), which supplies parts to many of the engine plants owned by the company. The strike is the latest in a series of strikes that have swept through the aerospace and aviation industries. Unions are flexing their muscle to get new contracts,...

The U.N. agency for aviation has been asked by a group of global airlines to increase the age limit for commercial aviators to 67 from 65 years, claiming that the demand for air travel worldwide is greater than the supply. At its General Assembly on September 23, the U.N.'s International Civil Aviation Organization will examine this proposal. Major U.S. Pilot Unions have opposed it. Many countries, including the United States apply the same rule to domestic flights. IATA, which represents 350 airlines, has said that raising the limit to two years is "a cautious but reasonable step in line with...

Delta Air Lines has agreed to pay $78.75 Million to settle a class-action lawsuit regarding a 2020 fuel spill that flooded tens and thousands of properties in Los Angeles County and Orange County in California, including schools and homes. This week, a proposed preliminary settlement in Los Angeles Federal Court was filed. The judge must approve it. The case stemmed a January 14th, 2020 incident when Delta Flight 89 from Los Angeles to Shanghai, with 167 passengers, crew and cargo, lost thrust shortly after takeoff. Delta pilots ejected about 15,000 pounds (6.804 kg) jet fuel from the Boeing before returning...

In a meeting with China's president Xi Jinping, Narendra Modi, the Indian prime minister said that New Delhi is committed to improving ties between Beijing and New Delhi. Both countries agreed to set aside their differences after a long-running border standoff. Modi, Vladimir Putin, and other leaders of Central, South, and Southeast Asia, and the Middle East are in China to attend the Shanghai Cooperation Organisation's two-day summit. This is a sign of global solidarity. According to a clip of Xi's meeting with Modi on the sidelines, Modi said: "We are committed in progressing our relationships based on mutual trust,...

The earnings reports of China's largest airlines released on Thursday revealed that the two carriers had narrowed first-half losses, but were still in the red, as a surplus capacity kept fares down. This underscored the fragility and post-pandemic recovery of the industry. Air China, the country's flagship carrier, reported a net profit of 1.8 billion Yuan ($252million) for the six-month period ending June. This is 35% less than the 2.78 billion Yuan loss a year ago. China Southern Airlines, based in Guangzhou, recorded a loss 1.5 billion yuan. This is 64% less than a 4.21 billion loss during the same...

Analysts said that South Korea's decision granting visa-free entry for Chinese tour groups would boost China's low outbound travel numbers, but not enough to improve the bottom line of struggling Chinese Airlines. South Korea is the third most popular destination for Chinese tourists, after Japan and Thailand. However, overall outbound travel remains below the pre-pandemic level. As Seoul opens a temporary airport, airlines are hoping to increase their numbers. Visa waivers for Chinese passport holders The scheme is set to run from the end of September, right before China's National Day week long holiday, to the end June of next...

China Evergrande Group delisted from Hong Kong's stock exchange Monday. It was one of the biggest removals in terms of market value and volume. Evergrande, once China's largest developer, faced a financial crisis in 2021. The developer, along with a number of its competitors, has defaulted on their debt obligations due to slowing sales and decreasing fundraising options. This timeline shows how the debt crisis has developed at Evergrande - the world's largest developer. AUGUST, 2021 Evergrande has halted construction on many projects in the country due to unpaid payments. China's central banking and banking watchdog summons senior executives to...

Vietnam has closed airports, schools and begun mass evacuations in preparation for the strongest storm this year. The weather agency in Vietnam said that Typhoon Kajiki had winds up to 166 km/h (103mph) when it was approaching the central coast of Vietnam. It was expected to get stronger before landing on Monday afternoon. In a statement issued Sunday night, the government warned that Kajiki was a dangerous storm moving quickly and would bring heavy rainfall, flooding, and landslides. As of 0000 GMT the storm was 150 kilometers off the coast. Around 0900 GMT, the eye of this storm will hit...

Saudi Arabia's nearly $1 trillion sovereign wealth funds sold their stakes in several U.S. listed companies, including Meta, Shopify, and PayPal, in the second quarter. Securities filings published on Thursday confirm this. The 13F filings also show that the Public Investment Fund sold its stakes at Nu Holdings, FedEx and Alibaba Group during a period when U.S. stocks recovered from a drop in April tied to U.S. Tariff policies. The filings revealed that PIF had no shares remaining in Meta, Shopify PayPal, Alibaba Nu Holdings, FedEx, or Nu Holdings. The fund's last filing revealed that at the end March it...

Typhoon Podul blew across southern Taiwan on Tuesday, packing winds up to 191 kph. (118 mph). One person was reported missing. A large swathe the island was shut down. Taiwan is frequently hit by typhoons. These are usually along the mountainous east coastline facing the Pacific. Taiwan's Central Weather Administration reported that Podul slammed Taitung, a city in the southeast of Taiwan around 1 p.m. (0500 GMT), then passed the southern tip and into the Taiwan Strait about three hours later. According to CCTV, it is expected to make landfall next on China's south coast in the late evening or...

Hong Kong-based Cathay Pacific Airways ordered 14 additional Boeing 777-9 aircraft on Wednesday and reported a 1% rise in its first-half profits on the backs of increasing passenger numbers, lower gasoline prices and a stable cargo performance. The order for the planes exercises options that were secured by Cathay Pacific Airways as part of its 2013 order of 21 next-generation wide body jets. It also adds the option to buy another seven aircraft in the future. Cathay stated that the 14 jets were listed at $8.1 billion but had received significant discounts as is standard for major airlines. Boeing's long-delayed...

Six people including a former Minister were arrested Friday for their involvement in the reconstruction of a train station whose roof collapsed in November, killing 16 people and triggering Serbia’s largest anti-government demonstrations in decades. Tomislav Mojii, the former minister of infrastructure, was arrested by the office of prosecutor for organized crime. The six men are suspected of inflating the invoices of a consortium consisting of two Chinese companies, China Railway International Co. and China Communications Construction Co. who were tasked with reconstructing the Novi Sad railway station and its tracks. The statement stated that the Chinese consortium was able...

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 reports. President Donald Trump announced that the U.S. would charge a 15% duty on imports from South Korea. This is a reduction from a 25% threatened tariff, and part of an agreement to ease tensions with this top-10 trading partner. President Donald Trump announced that the U.S. will impose a 25 percent tariff on all goods imported from India beginning on Friday. The U.S. president Donald Trump imposed a tariff of 50%...

South Korea is investigating a crash that occurred on December 29, at Muan Airport, resulting in the death of 179 people. This was the worst air disaster to ever occur on South Korean soil. Following are the last minutes of Flight 7C2216, gathered from South Korea's Transport Ministry and Fire Authorities, as well as a July 19, update from investigators. All times are Korea Standard Time. 8:54.43 am - Jeju Air 7C2216 contacts Muan Airport air traffic control during its final approach. It is cleared to land on the runway 01 which is oriented 10 degrees north east. 8:57.50 am...

U.S. officials informed a Senate Committee on Tuesday that more than 3,000 drone incidents have occurred near American airports in the past three years, including 11 aircraft that took evasive actions to avoid collisions. Steven Willoughby is a Homeland Security Department counter drone official who said that drone incidents can cause significant delays near airports. He told the Senate Judiciary Committee in California and Texas, in two cases, drones have collided into aircraft performing critical response missions during emergency situations. Officials have also expressed concerns over the use of drones to attack and at major sporting events. Willoughby stated that...