Latest News
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Tropical cyclone in Northern Territory leaves thousands of Australians powerless
On Sunday, thousands of people in Australia’s Northern Territory, including the capital Darwin, were left without power after a tropical storm brought destructive winds overnight. Fina, an extremely severe tropical cyclone of category three, moved away from Darwin on Sunday, clocking wind gusts of 205 kph. It had passed the city on Saturday night as "severe tropical storm", according to the Bureau of Meteorology. Fina brought back painful memories for residents of Darwin (population around 140.000), of Cyclone Tracy which destroyed much of the city in 1974 and killed 66 people. It was one of Australia’s worst natural disasters. Lia Finocchiaro, the chief minister, said that about 19,000 people lost power because of Fina. The storm also damaged property and submerged roads but did not cause any injuries. Finocchiaro, in a Darwin-televised media conference, said that the cyclone had seen a united territory prepared for what lay ahead. As crews began assessing damage, authorities urged residents in Darwin, a garrison city located in the north, to avoid power lines that had fallen. Darwin International Airport, closed as a precaution on Saturday due to Fina, announced on Sunday that it would "work to reestablish its operations as soon it is safe". According to the Weather Bureau, Category 3 tropical cyclones are two levels below the most dangerous rating. They usually cause damage to structures, trees, and crops, and power outages. In March, the ex-tropical storm Alfred, which hit Queensland in neighbouring Australia, closed schools and left hundreds of thousands without power.
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Reeves freezes rail fares for UK budget
Rachel Reeves, British Finance Minister, said Sunday that she will freeze rail fares in her budget plan to be presented on Wednesday. She hopes to help millions who are struggling with rising costs of living. Reeves' budget is expected to include tax increases, but those who use the railways regularly will find some relief from the frozen fares. Treasury said that the freezing of rail fares would also help to limit inflation. A Treasury statement said that this is the first time rail fares in 30 years have been frozen. It will also cover season tickets for commuters, off-peak return between major cities, and peak returns to commuters. The statement stated that the move would save commuters hundreds on their season tickets and freeze travel costs. It will also support the growth of town centres throughout the country.
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Britain introduces $2 billion package for EVs
The British government will introduce a package worth 1.5 billion pounds ($2 billion) to speed up the switch to electric cars, according to reports. This includes an additional 1.3 billion pounds to fund a grant program to purchase new electric cars. Since its launch in July of this year, the Electric Car Grant Scheme has helped over 35,000 drivers switch to an electric vehicle by reducing upfront costs up to 3,750 pound. According to the government, an additional 200 millions pounds will be included in the budget due on 26 November to speed up the deployment of chargepoints throughout Britain. In order to achieve a goal of net-zero emissions of greenhouse gases by 2050 in Britain, the country wants to phase out new petrol and diesel vehicles by 2030. The demand for EVs is stagnant, with consumers citing the high upfront costs of EVs as their main obstacle. The Conservative Party, the opposition party, criticised this move. Richard Holden is the Conservatives' Transport Policy Chief. He said: "Under Labour, ordinary families face increased taxes and spiralling prices, but the government gives discounts on new electric vehicles." This is the type of tone-deaf spending that we have come to expect from this Labour Government. Reporting by Elizabeth Piper Editing Mark Potter
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After US warning, several international airlines have cancelled flights to Venezuela
Three international airlines canceled flights from Venezuela on the morning of Saturday. The U.S. Federal Aviation Administration had warned major airlines about a "potentially dangerous situation" while flying over the nation. Flightradar24, the official website for Simon Bolivar International Airport, and Brazil's Gol and Colombia's Avianca all reported that three international airlines canceled their flights from Caracas, Venezuela, on Saturday. Aeronautica Civil de Colombia stated in a press release that there are "potential risks", when flying in Maiquetia, "due the deterioration in security conditions and the increased military activity in this region." TAP confirmed that it has canceled flights for Saturday and Tuesday. The company said that the decision was made after receiving information from the United States Aviation authorities, which indicated that safety conditions were not guaranteed in Venezuelan airspace. Iberia, a Spanish airline, also announced that it would cancel its flights to Caracas starting Monday. Iberia's scheduled flight to Madrid on Saturday from Venezuela's capital was cancelled. Iberia's spokesperson said that the company would assess the situation and decide when flights will resume to Venezuela. On Saturday, Copa Airlines and Wingo continued to operate their Maiquetia flights. The U.S. FAA's notice noted the "worsening situation in security and increased military activity around Venezuela", and warned that threats could be a danger to aircraft of all altitudes. In recent months there has been an enormous American military buildup, including the largest aircraft carrier of the U.S. Navy, as well as at least eight warships and F-35 planes. Flightradar24 reports that the Latam Airlines flight scheduled to depart for Bogota on Sunday has been cancelled. (Mayela Armas, Caracas; Corina Pons and Ana Cantero at Madrid; Sergio Goncalves at Lisbon; Ana Cantero writing and editing; Diane Craft and David Gregorio).
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Defence Minister: Eindhoven Airport closed due to drone sightings
In a Facebook post, Dutch Defence Minister Ruben Brekelmans stated that the suspension of air traffic at Eindhoven Airport in the southern Netherlands on Saturday night was due to the multiple sightings of drones. Brekelmans stated that "counter-drone equipment has been ready for action". "An investigation continues." On Saturday, the Dutch defence ministry said that the Dutch military had fired weapons on drones seen above Volkel Air Force Base, located about 40 kilometers (25 miles northeast of Eindhoven). Eindhoven is both a civil and a military airport. Brekelmans stated that all types of air traffic had been suspended. When asked if the origin of the drones was known, the ministry of defence had no further comment. In recent months, drones and other airspace intrusions have caused significant disruption throughout Europe. In September, three Russian military jets violated Estonian airspace for twelve minutes and more than 20 Russian drones invaded Polish airspace. Since then, drones, whose origins are largely unknown, have disrupted the airspace operations of Europe. Ursula von der Leyen, President of the European Commission, has described these incursions as "hybrid war".
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After US warning, several international airlines have cancelled flights to Venezuela
Three international airlines cancelled flights from Venezuela on Sunday after the U.S. Federal Aviation Administration on Friday warned major airlines of a "potentially dangerous situation" while flying over the nation. Flightradar24, the official website of Maiquetia International Airport, and Brazil's Gol and Colombia's Avianca cancelled their flights leaving Caracas Saturday. Aeronautica Civil de Colombia stated in a press release that there are "potential risks", when flying in the Maiquetia region "due the deterioration in security conditions and the increased military activity in this area." Iberia, a Spanish airline, also announced that they would cancel their flights from Caracas until further notice. The flight from Venezuela's capital to Madrid scheduled by the Spanish company on Saturday has departed. Iberia's spokesperson said that the company would assess the situation and decide when flights to this country could resume. On Saturday, Copa Airlines and Wingo continued to operate their Maiquetia flights. The U.S. FAA's notice noted the "worsening situation in security and increased military activity around Venezuela", and warned that threats to aircraft could be present at any altitude. In recent months there has been an enormous American military buildup, including the largest aircraft carrier of the U.S. Navy, as well as at least eight warships and F-35 planes. Flightradar24 reports that the Latam Airlines flight scheduled to depart Bogota on Sunday is also cancelled. Reporting by Mayela Aras from Caracas, Corina Pons in Madrid and Ana Cantero at Caracas. Editing by Diane Craft.
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Officials say that the fire on a container ship in Los Angeles has been'substantially contained'.
The Port of Los Angeles announced on Saturday that a fire on a cargo vessel, which sent smoke billowing throughout the second-most populous U.S. City, had been "substantially confined" after several hour. The shelter-in-place order for two neighborhoods in the city has been lifted. There have been no injuries reported. A fire started on the dock of the One Henry Hudson in San Pedro, Los Angeles at around 6:30 pm local time. Officials said that fire crews and members of the ship's crew continued to suppress the fire on Saturday after the vessel had been towed from its berth in the Yusen Container Terminal. Los Angeles Fire Department reported that marine units continued to cool the exterior of the ship. ABC affiliate TV footage showed streams of water being shot by firefighting vessels on the sides of the ship and containers that were on fire. The fire and explosion that occurred on Friday caused concern about the burning of hazardous materials. The fire quickly forced the evacuation of all 23 crew members, as it disrupted crane and power operations. Officials have issued shelter-in place orders for Los Angeles' communities of San Pedro, Wilmington and others. These orders were lifted Saturday. Officials also removed the work restrictions for the terminals of Los Angeles' port. Fire officials had earlier reported that four of the seven container terminals in the port were operating again. According to LSEG, the One Henry Hudson is a Panama-flagged ship that arrived in Los Angeles from Tokyo's Shinagawa Port on Wednesday. Rich McKay reported from Atlanta, with additional reporting by Rajveer S. Pardesi, Rishabh J. Jaiswal and David Gregorio in Bengaluru.
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Portugal claims that only three of Europe's largest airlines expressed interest in TAP privatisation
Parpublica, the state-owned holding company of Portugal, announced on Saturday that it had only received three expressions interest for a minority stake of TAP's flag carrier. All were from Europe's biggest airlines, and none came from outside of the EU. This was far below what government expectations had been. British Airways' owner IAG and Air France-KLM, as well as Germany's Lufthansa, had announced they had submitted formal expressions of interests. Portugal restarted its long-delayed TAP privatisation in July. It aims to sell a 44.9% share to an airline that can boost the company's international scale and competitiveness. A further 5% will be offered to TAP staff. In July, Prime Minister Luis Montenegro stated that the government expects major airlines from outside of the European Union to be interested in TAP's planned privatisation. He cited the carrier's potential. The deadline for airlines formally expressing interest in the project closed at 1700 GMT on Saturday. Parpublica announced in a press release that it had until 12 December to evaluate whether interested airlines met the criteria. These include at least one year's revenue of more than 5 billion euro in the past three years, and financial capability. Offers that are not binding must be submitted by the middle of March, followed by offers that include a price and a TAP strategic plan. Privatisation is expected in the second half 2026. TAP's main assets are its connections with Brazil, Portuguese-speaking African nations and the United States, all from Lisbon, the hub that the government is keen to maintain and expand. Bernstein analysts estimated TAP's stake of 44.9% at 700 million euros, based on an airline valuation totaling 1.5 billion euros. This represents a premium of roughly 25-30% over European peers. They justified this by citing TAP's potential strategic advantage.
Engine maker's Boeing predicament assisted to stall Airplane's output strategies
Engine maker CFM's wariness to ramp up materials considerably to Plane at a time of stress for its other crucial consumer Boeing was most likely a. factor in Plane' move to postpone planned jet output increases,. market sources stated on Tuesday.
On Monday, Plane postponed a multi-year hike in narrowbody. production, cut earnings forecasts and cut its 2024 shipment. target, blaming scarcities of engines and other parts and sending. shares in Europe's largest aerospace group toppling on Tuesday.
CFM, a transatlantic endeavor of GE Aerospace and. France's Safran, makes LEAP engines that power all. Boeing 737 MAX jets and usually just over half of the. competing Jet A320neo household, where they compete with the. Geared Turbofan of RTX subsidiary Pratt & & Whitney
. Airplane is racing to increase production to satisfy demand in. the face of scepticism by numerous suppliers over its output plans.
Settlements to secure the essential variety of engines for. 2025 to keep the previous targets on track struck a snag after. Plane asked CFM to increase its share of narrowbody deliveries. to make up for industrial issues at Pratt, the sources said.
Jet was hoping CFM would hike its share of Airbus. production to the equivalent of around 75% of A320neo shipments. from about 60% now, two people acquainted with the matter said.
That raised industrial questions after CFM engine shipment. had actually already fallen in the existing quarter, following a flat. efficiency in the previous 3 months, industry sources said.
However Jet's demand likewise put the world's biggest engine. maker in a significantly delicate tactical position ahead of. its 50th anniversary, as it threatened to intensify extreme. headaches at its other major consumer, Boeing.
CFM's market share depends on a triangle of aspects:. Plane's production rate, Boeing's production rate and the. contribution of CFM's rival Pratt & & Whitney to Airplane output.
Before the pandemic, these were approximately in stability,. though CFM's share of the Airplane shipment was drifting. progressively higher amid commercial issues at its competitor.
Now, the industry faces not one but two ongoing problems -. an in-flight blowout that slowed Boeing's healing from earlier. security crises and persistent bottlenecks at Pratt and Whitney. And. the sheer scale of disturbance to the typical balance of power. in between leading players has put CFM under pressure to produce more.
By contrast, Airplane is racing to meet need. With Boeing. still sticking around at low rates, that heralded a crushing lead for. its European competitor if CFM could give everything the engines it. needs.
CFM will try to accommodate both sides but eventually it. will never do anything that structurally disadvantages Boeing,. its first and largest partner, a senior industry source said.
Another individual knowledgeable about the engine maker said its. hesitation to hurt Boeing unduly may not be articulated straight. with Airplane, however weighed in internal discussions.
CFM will attempt to put the brakes on Jet for sure, the. person said.
Plane said it does not talk about confidential discussions. with providers. CFM did not respond to a query about the. relative size of deliveries to consumers, however stated it was. working to satisfy demand from Plane. It has actually consistently stated it. favours neither Boeing nor Airplane.
CFM makes up 65% of Airbus's A320neo-family order backlog. in cases where airlines have actually made an engine choice and accounted. for 50% of Jet narrowbody deliveries in 2023, according to. Rob Morris, worldwide head of consultancy at Cirium Ascend.
' STRONG SUPPORT'
Founded in 1974, CFM was the creation of industrialists. with vibrant war records: a German-born fighter engineer who. defended the allies, Gerhard Neumann, and French resistance. hero Rene Ravaud, who lost an arm in British battle of Brest.
Little understood to the public, it cruised undetected through the. market's biggest battles consisting of a trade war between its. customers Plane and Boeing and stormy transatlantic trade ties.
Safran's chairman specifically advised an audience consisting of. French Financing Minister Bruno Lemaire and senior Boeing. executives of the value of Boeing to CFM and French. aerospace in an anniversary event in early June.
Speaking in the gilded state spaces of France's former naval. ministry, Ross McInnes said: We have stood staunchly behind. Airplane and Boeing through both their respective ups and downs,. and undoubtedly the ups and downs of transatlantic relations. The. success story would not have actually been possible otherwise.
Leading Airplane officials did not attend the occasion which. accompanied management talks at the Berlin Airshow.
On Tuesday, with Airbus shares down 11% on the production. hold-ups and a surprise charge at its Space service, another. executive summit was under way at its Toulouse head office in a. sombre atmosphere, experts stated.
CFM needs to agree engine volumes about 18 months ahead, so. mid-2024 was looming as a pressing due date for clarity on 2025.
On Monday, Plane CEO Guillaume Faury acknowledged that 2025. had actually not been set in stone but sought to restrict ramp-up concerns.
When it comes to the 2025 volumes, we have what we require in. terms of commitment from the engine makers, he informed experts.
It doesn't indicate that we are totally in agreement for the. last volumes that we will maintain however we have what we require to be. supported for their ramp-up in '25. That's what matters to me..
(source: Reuters)