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FAA delays flights as shutdown enters Day 31
Federal Aviation Administration delayed flights on Friday at airports in Austin and Newark, as staffing issues continue to cause delays and the government shutdown enters its 31st week. The FAA reported that there were staffing problems at nine FAA facilities on Friday, and said this was likely to cause delays in flights later for Houston and Dallas airports. Flight delays averaged 61 minutes in Nashville, 50 minutes in Austin and 101 minutes in Newark. FlightAware, a tracking website for aviation, reported that 2,200 U.S. flight delays and 300 cancellations had occurred as of 12:25 p.m. ET. On Thursday, there were 1,250 canceled flights and 7,300 flight delays in the United States. Sean Duffy, the U.S. Transportation secretary, said that he expected more flight delays to occur in the next few days. Duffy told Fox News' America's Newsroom that there would be more disruptions to the airspace this weekend, and the following week. Staffing shortages in air traffic control caused delays on Thursday at Orlando, Dallas/Fort Worth, and Washington, D.C. The shutdown forced 13,000 air-traffic controllers and 50,000 Transportation Security Administration (TSA) officers to work for free. Delta Air Lines and United Airlines, Southwest Airlines, and American Airlines have all called for Congress to pass a temporary funding bill so that the government can reopen, and to continue discussions on healthcare policy disagreements. Transportation Department officials said that the shutdown caused flight delays because of air traffic controllers' absences. The airlines have repeatedly called for an end to this shutdown, citing safety concerns. The shutdown has worsened existing staffing shortages and threatens to cause widespread disruptions. Even before the shutdown, many air traffic controllers were working six-day weekends and mandatory overtime. (Reporting and editing by Andrea Ricci; David Shepardson)
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Staff of the Border Force patrolling UK waters are planning a strike over pay
The union that represents British Border Force employees announced on Friday, more than 120 staff members who patrol Britain's waterways in "sometimes harrowing" roles plan to go on strike on November 14, to protest pay and working conditions. Most of the UK Border Force's 10,000 staff members work in ports and airports across the UK and abroad. The website of the agency does not provide a breakdown showing how many people are employed to patrol the waters in the UK. The union representing Britain's Public and Commercial Services said that the government started a review of the issue six years ago, addressing the need for standardisation in pay and roles. However, despite long discussions the concerns of the members have not been addressed. The UK interior ministry didn't immediately respond to an inquiry about the planned stoppage of one day or the status on the review. The union stated that workers are involved in dangerous tasks such as patrolling for illegal entry or smuggling into the UK and boarding vessels to inspect them, responding to incidents including small boats with asylum seekers, and boarding vessels for inspection. The Labour Party of British Prime Minister Keir starmer, which is trailing in the polls, has promised to crush the gangs that traffic migrants into Britain via small boats. Nigel Farage’s Reform UK party, a populist party with a strong political agenda has also made illegal immigration a key issue. In a statement, PCS General Secretary Fran Heathcote stated that "this strike sends a message clear to the Home Office": We will not accept further delays or inadequate proposals. Heathcote said, "We are prepared to escalate the situation if needed." (Reporting and editing by Muvija m; Alexander Smith).
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Buffett will send a letter to his children and shareholders as well as Abel's annual letter, according to WSJ
The Wall Street Journal reported on Thursday that Buffett's assistant said Warren Buffett would release a letter on November 10 to his children and Berkshire Hathaway's shareholders. Greg Abel, who will become Berkshire Hathaway's chief executive in February, will write Berkshire Hathaway's annual shareholder's letter. Buffett will step down from his role as chief executive officer at the end this year. He will, however, remain chairman. Abel is a vice chairman of Berkshire but has taken on additional responsibilities since Buffett announced a management change during Berkshire’s annual meeting held May 3. Buffett plans to join other directors in the audience, and not on stage, for next year's meeting. Berkshire has not responded to any requests for comment since Friday. The Omaha-based conglomerate, which will announce its third-quarter results this Saturday. Buffett's letter of November 10, to his children Susie and Howard, and to shareholders is not clear. Buffett sent letters to his family in November 2023, and again in November 2024. In these letters he discussed estate planning. He also expressed gratitude for the opportunities that the U.S. offers. He announced four donations to family charities. Howard Buffett will eventually become the non-executive Chairman of Berkshire. New York Newsroom reported the story.
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Portugal announces that the sale of TAP Airlines has cross-party support
The government of Portugal expects that the partial privatisation process for flag carrier TAP will proceed smoothly. This is due to a rare political consensus across parties and interest shown by Europe's biggest airlines, Infrastructure Minister Miguel Pinto Luz stated on Friday. He stated that the centre-right minority government initially wanted to offer 100% of TAP but settled for 49.9% when the two major opposition parties threatened to stop any larger sale. This led to a “broad consensus” in parliament with the extreme right Chega and Socialist parties. He told a committee of parliament that "dialogue and mutual respect is always the best way for politics." To ensure transparency, the sale of the property will be reviewed and monitored by an independent commission as well as a working group within the parliament. Portugal has relaunched its long-delayed TAP privatisation in July. The aim is to sell a stake of 44.9% to a carrier that can bring global scale and competition, plus an additional 5% for TAP staff. Airlines interested in TAP are required to submit a formal "manifestation" of interest by November 21, and non-binding bids by the end the year. Lufthansa and Air France-KLM have expressed interest in purchasing TAP. British Airways and IAG, the owner of British Airways, also met with the government last year.
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KLM signs two-year contract with unions of ground staff
Dutch airline KLM announced on Friday it had reached a deal with five unions that represent ground staff in The Netherlands for a two-year agreement that included pay increases, bonuses and improved retirement options. The Collective Labor Agreement (CLA), which is retroactive to March 1, this year and ends on February 28, 2027, will be in effect. This includes a salary increase of 3.25 percent in total as well as a one-time payment of 500 euros ($583) net in December 2025, and 250 euros in January 2026. KLM has also agreed to permanentize the 80-90-100% scheme, which allows older workers to work 90% of their working hours and still accrue full pension. "We are happy that we reached an agreement with all five unions. We have reached solid agreements with KLM on remunerations, career development and productivity. The agreement came amid ongoing labor unrest in KLM. Two major unions, FNV and CNV, had rejected the September deal with other unions and continued to organize strikes.
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Tanzania opposition claims hundreds of deaths in protests against voting
Tanzania's main Opposition Party said that hundreds of people were killed this week in protests against elections throughout the country, while the government claimed it was restoring the order following "isolated" incidents. The United Nations has confirmed credible reports that at least ten people have been killed in protests across three cities. This is the first estimate of fatalities made public by any international body since the vote on Wednesday. The government hasn't responded to any requests for comment or released any estimates of casualties. Could not independently verify these figures. Since Wednesday, protesters have been taking to the streets in anger over the exclusion of the two main challengers to President Samia Hassan from the race. They also criticized what they called widespread repression. Police have been accused of using tear gas and firearms to disperse some protests, according to witnesses. The police have imposed a curfew overnight in Dar es Salaam's commercial capital over the last two nights, after burning down government offices and other structures. Since Wednesday, internet access has been interrupted. HIGH SECURITY PRESENCE On Friday, the military and police patrolled Dar es Salaam's streets to prevent people from moving without a valid excuse. The government has extended the order for civil servants to work from home. John Kitoka, a spokesperson of the CHADEMA Party which was banned from the elections for refusing to adhere to a code and whose leader was arrested in April for treason, said that the party has documented 700 deaths based on the accounts of health workers. He said that protests were still ongoing in several cities on Friday, but they had diminished in others due to heavy security deployment. He said: "We want the protests continue until we get our electoral reforms." Hassan faces a challenge in the unrest. He was praised for his easing of repression after taking office 2021, but has faced criticism more recently from opposition parties and activists following a series arrests and allegations of abductions. Hassan denies allegations of widespread human rights abuses. She claimed that she ordered an investigation last year into reports of abductions. However, no official findings were released. Thursday, the electoral commission announced provisional results of the election. Hassan won a majority in several constituencies. GOVERNMENT : "NORMALICY WILL RETURN" The first direct comments from her government on the unrest were made on Friday by the Foreign Affairs Ministry in a broadcasted message to diplomatic missions on state television. In the message, it was stated that "due to isolated incidents where law and order were violated, the government has increased security and taken other precautionary steps." The statement added that the security measures are temporary, but necessary. Normalcy is expected to return soon. Seif Magango, spokesperson for the U.N. Human rights office, told reporters in Geneva that there are credible reports of 10 deaths in Dar es Salaam and Shinyanga. He urged the protesters to remain peaceful and called for security forces to "refrain from excessive or unnecessary force". A Dar es Salaam local, who requested anonymity for safety, said that a family had lost a member when a protester was mistakenly shot outside a hospital. No one from the police department responded to our requests for comment. In a joint statement released on Thursday, two members of the European Parliament’s foreign affairs committee called the election a fraud, saying that it "took place in an atmosphere of intimidation and fear". The article was written by Vincent Mumo Nzilani, George Obulutsa and edited by Aaron Ross. Ros Russell and Andrew Heavens.
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ITA Airways will resume flights from and to Tel Aviv on January 1, 2019.
Italy's ITA Airways has announced that it will resume direct flights to Tel Aviv on January 1. This will restore connections with Rome's Fiumicino airport, the main airport. According to the statement, the company, which is part of the Lufthansa Group, will operate at first two daily routes between Tel Aviv and the rest of Europe. The route is "of strategic importance to ITA Airways, and it represents a significant move for Italy. It further strengthens the commercial, cultural, and social ties between Italy and the United States." Hamas has reached a fragile truce with Israel this month, brokered by U.S. president Donald Trump. The deal is being tested periodically by violent outbreaks, as part of the conflict that was sparked by the October 7, 2020 attack by the militants group. As a result, several airlines have suspended flights in the past two years.
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Asia spot prices stable on ample stocks and tepid Demand
The Asian spot price of liquefied gas held steady in this week's market, despite a tepid global demand and healthy stocks. Average LNG price for delivery to North-east Asia in December Industry sources estimate that the price per million British Thermal Units (mmBtu) was $11.10, a slight drop from $11.20/mmBtu in the previous week. Arturo Regalado is Kpler's senior LNG analyst. He said that while Asian LNG prices were supported by higher European prices last week, this week's gains were limited by weaker Asian fundamentals. He said that he expects Asian LNG prices to remain stable next week due to the fact that weaker industrial gas demand and lower gas-fired usage in China combined with higher than average Japanese LNG inventories for December will cap any upside. The data from the Ministry of Industry shows that the LNG stocks of the major Japanese electric utilities increased to 1.97 million tonnes for the week ending October 26 compared with 1.84 million tons in October last year. Martin Senior, Argus' head of LNG prices, added that supply expectations were also confirmed this week by the cooling-down cargo declaration at the Golden Pass U.S. export terminal and Shell's announcement of the impending start of the second LNG Canada train. In Europe, S&P Global Commodity Insights estimated its daily Northwest Europe LNG Marker for cargoes to be delivered in December ex-ship at $10.126/mmBtu. This is a $0.53/mmBtu reduction from the December price at Dutch TTF hub. Spark Commodities estimated the November price to be $9.907/mmBtu. Regalado said that the abundance of LNG and pipeline supply helped to keep prices down, while the warmer weather and increased wind output also kept gas-fired generators in check. Last week, hedge funds and institutional investors began selling TTF futures, reinforcing that the bullish sentiment in the EU Gas market has collapsed, according to independent gas analyst Seb Knastle. The U.S. arbitrage for the front month to Northeast Asia via Cape of Good Hope has now been closed, and is marginally pointing towards Europe rather than Asia. However, the arbitrage through Panama remains open, according to Spark Commodities analyst Qasim Afghanistan. He added that LNG freight rates have risen to $61,250/day in the Atlantic, and to $41,250/day in Pacific. Harikrishnan Nair, Harikrishnan Chow and Emily Chow contributed to this report.
Boeing to plead guilty to scams in United States probe of deadly 737 MAX crashes
Boeing has agreed to plead guilty to a criminal scams conspiracy charge and pay a fine of $ 243.6 million to fix a U.S. Justice Department investigation into two 737 MAX deadly crashes, the federal government stated in a court filing on Sunday.
Previously this month, Boeing agreed to redeem Spirit AeroSystems for $4.7 billion in stock and Plane relocated to handle the provider's loss-making Europe-focused activities.
Here is a timeline of current issues surrounding limit because the crashes in 2018 and 2019:
OCTOBER 2018: A Lion Air MAX plane crashes in Indonesia, eliminating all 189 individuals on board.
NOVEMBER 2018: The U.S. Federal Aviation Administration ( FAA) and Boeing begin evaluating the requirement for software or design changes to 737 MAX jets following the Lion Air crash.
MARCH 2019: An Ethiopian Airlines MAX crashes, killing all 157 individuals on board. China ends up being the first country to ground limit, followed by others including the U.S. FAA.
APRIL 2019: The FAA forms a worldwide team to evaluate the safety of 737 MAX. Boeing cuts regular monthly production by nearly 20%.
SEPTEMBER 2019: Boeing's board creates an irreversible safety committee to oversee development, manufacturing and operation of its aircraft.
OCTOBER 2019: Boeing fires Kevin McAllister, the top executive of its industrial aircrafts division.
DECEMBER 2020: The business fires CEO Dennis Muilenburg in the wake of the twin crashes.
JANUARY 2020: Boeing suspends 737 production, its greatest assembly-line stop in more than twenty years.
MAY 2020: Boeing resumes 737 MAX production at a low rate.
JUNE 2020: Boeing starts a series of long-delayed flight tests of its redesigned 737 MAX with regulators at the controls.
NOVEMBER 2020: The U.S. FAA raises the grounding order, permitting the 737 MAX to fly once again.
DECEMBER 2020: U.S. Congress passes legislation to reform how the FAA certifies brand-new aircrafts, including requiring manufacturers to reveal particular safety-critical information to the regulator.
JANUARY 2021: The European Union Air Travel Safety Company authorizes the MAX's return to service in Europe.
MARCH 2021: China's air travel regulator states significant security concerns with limit required to be correctly attended to before conducting flight tests.
APRIL 2021: Boeing halts 737 MAX deliveries after electrical problems re-ground part of the fleet.
NOVEMBER 2021: Current and previous Boeing directors reach a. $ 237.5 mln settlement with investors to settle lawsuits over. security oversight of the 737 MAX.
OCTOBER 2022: The FAA informs Boeing that some key documents. sent as part of the accreditation evaluation of the 737 MAX 7. are incomplete and others need a reassessment.
DECEMBER 2022: U.S. Congress accepts extend a deadline for. brand-new requirements for modern-day cockpit notifies stemming from the 2020. legislation after intense lobbying from Boeing.
APRIL 2023: Boeing pauses deliveries of some 737 MAXs to. deal with a brand-new provider quality issue involving non-compliant. fittings.
JULY 2023: Boeing's first shipment of the 737 MAX 7 is. postponed to 2024.
AUGUST 2023: Boeing determines a brand-new 737 MAX provider. quality problem involving improperly drilled holes on the aft. pressure bulkhead.
SEPTEMBER 2023: Boeing 737 MAX deliveries are up to their. lowest levels considering that August 2021.
DECEMBER 2023: Boeing makes its very first direct delivery of a. 787 Dreamliner to China considering that 2019, viewed as a precursor to the. nation possibly thawing shipments of the 737 MAX.
JANUARY 2024: A mid-air cabin blowout obliges Alaska Air to. carry out an emergency situation landing of its recently obtained 737 MAX 9. aircraft, triggering the FAA to ground 171 of these jets and. start an examination. The FAA bars Boeing from increasing. MAX output, however raises the grounding of MAX-9s when examinations. were finished.
FEBRUARY 2024: The U.S. National Transport Security Board. published its initial report on the Alaska Air event. According to the investigation, the door panel that flew off the. jet mid-flight seemed missing four key bolts.
MARCH 2024: The FAA's 737 MAX production audit found. numerous circumstances where Boeing and provider Spirit AeroSystems. supposedly failed to adhere to making quality control. requirements. This came days after Boeing stated it was in. preliminary talks to purchase Spirit.
The planemaker also said top boss Dave Calhoun would step. down at the end of the year.
APRIL 2024: 737 MAX production falls as U.S. regulators step. up factory checks and workers slow the assembly line outside. Seattle to finish outstanding work.
May 2024: The U.S. Department of Justice states Boeing. breached its obligations in a 2021 arrangement that shielded it. from prosecution over 737 MAX crashes in 2018 and 2019.
The FAA head says he does not anticipate the firm will quickly. provide Boeing the authority to increase 737 MAX production.
July 1, 2024: Boeing acquires Spirit AeroSystems back in an. all-stock deal for $4.7 billion in equity value. The deal comes. as Boeing, which had sold Spirit in 2005 to cut costs, attempts. to resolve its quality difficulties and speed up jet shipments.
July 7, 2024: Boeing consents to plead guilty to a criminal. fraud conspiracy charge and pay a fine of $243.6 mln to solve. the U.S. Justice Department investigation into the 2 737 MAX. fatal crashes in 2018 and 2019.
(source: Reuters)