Latest News
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Brazil's Cenipa says icing detectors were triggered on crashed Voepass airplane
Brazil's Center for Research study and Prevention of Aeronautical Accidents (Cenipa). said on Friday that an initial report into the August crash. of a Voepass airliner revealed icing detectors had actually been triggered. on the ATR airplane. According to a Cenipa official, the plane's airframe icing. button was activated at least three times throughout the flight,. while cockpit recordings showed the copilot stated there was a. lot of icing. The ATR-72 airplane from local provider Voepass swirled out. of control before plunging to the ground on Aug. 9, killing all. 62 on board. Cenipa said that the copilot's comment suggested that the. aircraft's de-icing system may have failed, however said that still. needed to be verified. According to Cenipa, examinations into the crash will. probably last for over a year. The initial report on the crash verified that the. pilots had repeatedly turned the airframe de-icing system on and. off. The report offers a timeline of the flight but does not. present clear causes. That is consistent with the flight team knowing. airframe icing and them attempting to deal with it utilizing systems on. board the airplane, said Anthony Brickhouse, a U.S. aviation. security expert. The turboprop, bound for Sao Paulo's international airport,. had removed from Cascavel, in the state of Parana and crashed. in the town of Vinhedo, some 80 km
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Carlyle-backed air travel service company StandardAero declare US IPO
StandardAero, an aircraft upkeep companies backed by personal equity company Carlyle Group and Singapore's sovereign wealth fund GIC, filed for an going public in the United States on Friday. The aftermarket services market is heating up with a number of aircraft devices makers also broadening into the space over the last few years, as the business can bring strong margins with lighter capital expense. In addition, given that airplane engines have a lifespan of about three to 4 decades, aftermarket services such as inspections, maintenance, repair work and overhauls can be a. long-lasting source of income for the service providers. While some large airlines preserve internal. aftermarket services divisions, smaller sized players contract out such. operations to 3rd parties. StandardAero's IPO comes as the air travel sector recovers. from a COVID-19 pandemic-led slump. Expectations of an impending. rate of interest cut in the United States have actually likewise encouraged some. companies to note their shares. Founded in 1911, Scottsdale, Arizona-based StandardAero. offers aftermarket services to commercial and military. air travel, as well as energy customers. It has partnered with significant aircraft engine makers including. Rolls-Royce, GE Aerospace and Pratt & & Whitney. Reuters reported in April that Carlyle was weighing alternatives. for StandardAero, including a possible sale that could value it. at about $10 billion. The personal equity firm acquired StandardAero from buyout. firm Veritas Capital for about $5 billion in 2019. StandardAero's income leapt 12% to $2.58 billion in the. 6 months ended June 30 from a year previously. Its net income was. $ 8.6 million in the very same duration compared with a $12.6 million. loss in the first half of 2023. J.P. Morgan and Morgan Stanley are among the underwriters. for the IPO. The company is looking to list on the New york city. Stock market under the sign SARO..
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American Airlines ex-mechanic gets 9 years prison for smuggling drug concealed under cockpit
A former American Airlines aircraft mechanic was sentenced on Friday to 9 years in jail after being convicted of trying to smuggle cocaine covert below the cockpit of a flight to New york city from Jamaica. Paul Belloisi, 56, of Smithtown, New York, was sentenced by U.S. District Judge Dora Irizarry in Brooklyn, after being founded guilty in May 2023 of conspiring to possess cocaine, conspiring to import cocaine and importing drug. The case developed from a regular search of American flight 1349 following its Feb. 4, 2020 arrival at New york city's John F. Kennedy International Airport, where Belloisi had been an American mechanic for more than 20 years, from Montego Bay, Jamaica. District attorneys said custom officers discovered 10 drug bricks weighing 25.6 pounds (11.6 kg) in an electronic devices compartment beneath the cockpit, and changed them with phony bricks sprayed with a substance that shines under a special black light. Belloisi apparently drove up to the plane before it could take off again, and went into the electronic devices compartment. District attorneys said police challenged him, and showed that he managed the fake bricks since his gloves shone under the black light. They likewise stated Belloisi was carrying an empty tool bag and wore a coat large enough to hold the cocaine. The cocaine had a street worth of more than $250,000. American was not accused of misdeed. Belloisi's legal representative David Cohen, from the law practice Cohen Forman Barone, stated his client plans to appeal his conviction. Provided Mr. Belloisi's individual history, along with nationwide and district-wide data, this was an excessive sentence, far beyond what is essential to accomplish the objectives of sentencing, Cohen said in an interview. Irizarry on Friday independently declined Belloisi's. request for an acquittal. She wrote that jurors could presume beyond a sensible doubt. that Belloisi knew the drug was aboard flight 1349 and. intentionally conspired and assisted in its importation. In a statement, U.S. Attorney Breon Peace in Brooklyn said. Belloisi's conduct posed a severe risk to the security of a. essential border crossing in our district and our transportation. infrastructure..
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American Airlines ex-mechanic gets 9 years jail for smuggling cocaine hidden under cockpit
A former American Airlines aircraft mechanic was sentenced on Friday to nine years in jail after being convicted of trying to smuggle cocaine covert below the cockpit of a flight to New york city from Jamaica. Paul Belloisi, 56, of Smithtown, New York, was sentenced by U.S. District Judge Dora Irizarry in Brooklyn, after being convicted in May 2023 of conspiring to possess cocaine, conspiring to import drug and importing cocaine. A legal representative for Belloisi had no instant comment. American was not accused of wrongdoing. The case occurred from a routine search of American flight 1349 following its Feb. 4, 2020 arrival at New York's John F. Kennedy International Airport, where Belloisi had actually been an American mechanic for more than twenty years, from Montego Bay, Jamaica. District attorneys said custom officers found 10 cocaine bricks weighing 25.6 pounds (11.6 kg) in an electronic devices compartment underneath the cockpit, and changed them with fake bricks sprayed with a substance that glows under a special black light. Belloisi presumably drove up to the airplane before it might remove again, and got in the electronics compartment. District attorneys stated police challenged him, and showed that he managed the phony bricks due to the fact that his gloves shone under the black light. They likewise said Belloisi was carrying an empty tool bag and wore a jacket big enough to hold the cocaine. The drug had a street value of more than $250,000. Irizarry on Friday also declined Belloisi's request for an acquittal. She wrote that jurors could infer beyond a reasonable doubt that Belloisi knew the drug was aboard flight 1349 and purposefully conspired and assisted in its importation. In a declaration, U.S. Lawyer Breon Peace in Brooklyn said Belloisi's conduct positioned a severe threat to the security of a. essential border crossing in our district and our transport. facilities..
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New England states are moving forward with three massive offshore wind farms
Government officials in Massachusetts and Rhode Island announced Friday that they are moving forward with three offshore wind power projects, totaling 2.9 gigawatts. This is enough electricity to run about 1.6 millions homes. Following a joint invitation in March to build wind farms off the coasts of New England, Massachusetts and Rhode Island have selected projects that will help them achieve their renewable energy goals to combat climate change. In a press release, Governor Maura healey stated that "we are taking an important first step towards energy independence and cleaner air as well as transforming our economic." After a disastrous year in which developers cancelled multiple contracts for projects and took $9.1 billion of write-offs or impairments, the U.S. offshore industry is stabilizing in the second half 2024. New England has selected SouthCoast Wind as well as New England Wind 1 & Vineyard Wind 2 for its new offshore projects. New England Wind 1 is backed Avangrid, Southcoast by a joint-venture between EDP Energias de Portugal & Engie, and Vineyard Wind 2 by Vineyard Offshore. Vineyard Offshore is managed by funds managed Copenhagen Infrastructure Partners. Around the end of this decade, the projects should begin to deliver power. The federal and state climate pledges are primarily focused on decarbonizing the electrical grids through replacing fossil-fired energy with renewable wind and sun power. Massachusetts wants to reduce its carbon emissions from the power sector by 50% by 2030, and by 100% by 2050. Rhode Island, a much smaller state, has set the goal of using all renewables before 2033. (Reporting and editing by Jonathan Oatis, David Gregorio, and Laila Kearney)
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EU nations mull 20-year tax vacation for jet fuel, document shows
European Union countries are thinking about delaying the introduction of EUwide taxes on contaminating air travel fuels for twenty years, as they look for a. advancement on tax reforms that have actually been negotiated for several years. with little progress, a draft document seen revealed. The European Commission proposed an overhaul of energy tax. guidelines in 2021 to make them more climate-friendly, including by. slowly presenting taxes on fuels for flights within the. 27-nation bloc, which presently leave EU-wide levies. After countries could not settle on earlier proposals that. would introduce a minimum EU tax rate for jet fuel from 2028,. they are now considering excusing both air travel and maritime. fuels from these taxes for an additional 20 years, a draft. compromise seen revealed. Considering that presently there is insufficient sustainable alternative. fuel (SAF) on the marketplace, the tax of aviation fuels would. result in cost boosts of air tickets and not in a general. switch from fossil fuels to SAF, the document stated. Just little aircraft with a maximum of 19 seats, and boats. used for personal pleasure navigation would face minimum EU. taxes before the twenty years are up, it stated. For other airplane and vessels, nations can present. nationwide levies if they choose - however they are not obliged to. Under the draft compromise, EU countries would reevaluate in. 15 years whether to begin applying EU minimum tax rates to. air travel and maritime fuel once the 20-year vacation ends. Other fuels, such as fuel used in vehicles, along with. electricity, currently face minimum EU tax rates. The compromise was prepared by Hungary, which holds the EU's. rotating presidency and for that reason chairs settlements among EU. countries until completion of the year. A representative for. Hungary's representation to the EU did not immediately react. to a request for comment. EU country diplomats will discuss the proposition later this. month. Altering EU tax policy is fiendishly difficult since it. needs consentaneous approval from EU countries - indicating any one. government can block it. Climate advocates, who have long called for an end to jet. fuel's EU tax holiday, said a 20-year hold-up would be at odds. with the EU's target to reach net zero emissions by 2050. By the time this tax would be in effect, the world is meant. to have reached environment neutrality, stated Jo Dardenne, aviation. director at non-profit group Transport & & Environment.
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Indian guest airplane makes emergency landing in Turkey after bomb risk
A flight run by Indian Vistara Airlines made an emergency landing on Friday around 4.30 p.m. (1330 GMT) in Erzurum in eastern Turkey after a piece of paper with bomb on board composed on it was discovered in a. bathroom, Turkish Interior Minister Ali Yerlikaya stated on X. Two bomb disposal experts and one search dog were continuing. to search the airplane, Yerlikaya stated, adding that 234. guests and 13 crew had been safely evacuated. Vistara flight UK 27 operating from Mumbai to Frankfurt has. been diverted to Turkey due to a security issue that was noted. by our crew while onboard, a Vistara spokesperson told Reuters,. verifying the aircraft had landed at Erzurum. As per procedure, the appropriate authorities were instantly. alerted and we are fully complying with the security agencies. to complete the necessary security checks, the representative. said. Landings and liftoffs at Erzurum Airport have actually been halted. up until 9 p.m. regional time due to the emergency situation, Transport Minister. Abdulkadir Uraloglu composed on X.
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Indian carrier SpiceJet restructures dues to Carlyle Air travel
India's SpiceJet on Friday stated it will convert about $97 million of its dues to the business air travel investment and servicing arm of Carlyle Group into equity and debentures. The restructuring plan comes as the budget plan airline company has had a hard time to fully restore operations despite numerous fundraises over the in 2015. Late last month, the country's air travel watchdog placed SpiceJet under improved security after a recent audit exposed certain shortages. The provider on Friday stated it entered into a contract with Carlyle Air travel Management to restructure particular airplane lease obligations of about $137.68 million, as of June 30, which upon settlement or waivers will be gotten used to $97.51 million. SpiceJet stated it will release shares worth $30 million to Carlyle, and also move $20 million worth of compulsorily transformed debentures of SpiceXpress, a different airline cargo business owned by the carrier. Last year, SpiceJet had actually done a similar restructuring of its dues to Carlyle Air travel.
United Airlines revenues outlook highlights discounting pressure
United Airlines on Wednesday forecast a lowerthanexpected profit in the present quarter and revealed strategies to cut capacity, supplying even more proof that U.S. providers are having a hard time to raise their earnings despite record travel demand.
Recently, competing Delta Air Lines' quarterly revenue outlook likewise came in shy of Wall Street price quotes. On The Other Hand, American Airlines and Southwest Airlines have cut their earnings forecasts for the June quarter.
Providers are taking pleasure in a summer travel boom, with more than 3 million people passing through U.S. airport security checkpoints in a single day on July 7. Nevertheless, they have actually increased seats in the domestic market in excess of demand, moistening airfares at the price-sensitive end of the market.
That is a concern for a market that is facing higher labor and other operating expense and has been counting on higher airfares to safeguard profits.
In reaction, industry capability growth is estimated to moderate from high-single to low-single digits in the second half of the year, which experts state ought to underpin ticket prices.
United expects an adjusted profit in the series of $2.75. to $3.25 per share in the quarter ending September 30. Experts. had formerly expected the company to report a quarterly revenue. of $3.44 a share, according to LSEG information.
United said mid-August would mark a shift in the industry's. capacity as U.S. carriers are approximated to lower their seats by. 3 portion points from a year ago.
The airline company will likewise decrease its planned domestic capability. in the fourth quarter by 3 percentage points to strengthen pricing. power, it stated.
Looking forward, we see numerous airlines have actually started to. cancel loss-making capacity, said CEO Scott Kirby. We expect. leading system profits performance amongst our biggest peers in the. second half of the 3rd quarter.
Delta likewise has actually anticipated a substantial improvement in its. pricing power from August onward.
United will go over the quarterly results on a call with. experts and financiers on Thursday early morning.
TD Cowen analysts said the business's commentary showed. self-confidence that the long waited for domestic capability. rationalization looms.
Major airline companies have actually arranged about 6% more seats in the. domestic market this month than a year earlier, information from. consultancy Cirium programs, resulting in push on airline companies to. lower costs.
Airlines tickets in the U.S. fell by an average of 5.6% from a. year ago in the June quarter, data from the Labor Department. programs.
United declared its 2024 revenue estimate of $9 to $11. a share.
Its adjusted profits in the June quarter was available in at $4.14 a. share, compared to analysts' expectations of $3.93.
(source: Reuters)