Transport Infrastructure

Malaysia Aviation Group (MAG) announced on Wednesday that it had signed an agreement with the Sarawak government on the sale and transfer its MASwing carrier. The deal is expected to be finalized by the end the year. The financial details were not disclosed. The deal follows a Memorandum of Understanding signed on October 27, 2020, with Hornbill Skyways owned by Sarawak to purchase a majority stake in MASwings. The transfer should be completed before the end of this year. MAG is working closely with all parties, including Khazanah Nasional Berhad as the shareholder, to ensure a smooth transition and compliance...

Sultan Ahmed Bin Sulayem, CEO of Dubai-based ports and logistics firm DP World, said that President Donald Trump expected other markets to open if America did. Trump wants fair trade and not free trade. He said this at the World Government Summit held in Dubai. The U.S. president substantially increased tariffs on imports of steel and aluminum on Monday, to a flat rate of 25%. He hopes this will help the struggling industries within the United States. However, it also risks igniting a multifront trade war. Tariffs on steel and aluminum imports from Canada and Brazil will be applied to...

Private investigators plan to push forward on Friday with efforts to retrieve the two airplane associated with a crash in Washington that killed 67 people and raised questions about air safety in the U.S. capital. Fresh from recovering the so-called black boxes from the American Airlines airplane that crashed into the Potomac River after hitting an Army Black Hawk helicopter on Wednesday, scuba divers intend to restore the airplane and discover additional elements on Friday, Washington's fire department said. Overnight, boats will remain on scene for security and surface searches from regional, state, and federal regional partners, it stated. The...

President Donald Trump recommended without proof on Thursday that the lethal midair crash of 2 aircraft in Washington was the outcome of the Federal Air travel Administration's efforts to hire a more varied labor force. Trump leveled the allegation at a White House press conference called to upgrade Americans on the Wednesday night crash in which a guest jet about to land at Reagan National Airport collided with an Army helicopter on a training flight. The cause of the air crash is not yet clear, and there is no proof that efforts to make the federal labor force more diverse...

An American Airlines regional traveler jet was associated with a midair collision on Wednesday night with a U.S. Army Black Hawk helicopter near Reagan Washington National Airport, authorities said. Senator Ted Cruz of Texas stated on social networks that we know there are casualties, though he did not say how many. These are the last 11 fatal airline crashes to occur in the U.S., according to information from the U.S. National Transport Board and the Flight Safety Structure's Aviation Security Network: 2013. An Asiana Airlines aircraft crashed at 2009 A Colgan Air turboprop crashed on technique to landing in. Buffalo,...

An American Airlines regional passenger jet was associated with a midair accident on Wednesday night with a U.S. Army Black Hawk helicopter near Reagan Washington National Airport, officials said. Senator Ted Cruz of Texas stated on social networks that we know there are casualties, though he did not state how many. These are the last 11 fatal airline crashes to occur in the U.S., according to data from the U.S. National Transport Board and the Flight Safety Structure's Aviation Security Network: 2013. An Asiana Airlines airplane crashed at 2009 A Colgan Air turboprop crashed on approach to landing in. Buffalo,...

President Donald Trump recommended without proof on Thursday that the fatal midair crash of two aircraft in Washington was the outcome of the Federal Air travel Administration's efforts to employ a more diverse and fair workforce. Trump leveled the accusation at a White House press teleconference to upgrade Americans on the Wednesday night crash in which a traveler jet about to land at Reagan National Airport collided with an Army helicopter on a training flight. It drew quick criticism from aviation safety specialists, special needs rights advocates and Democratic lawmakers. There were no survivors among the 64 individuals on the...

U.S. President Donald Trump on Thursday said that he had actually appointed a former senior aviation authorities as the acting head of the Federal Aviation Administration administrator. The announcement comes after an American Airlines local passenger jet hit a U.S. Army Black Hawk helicopter and crashed into the Potomac River near Reagan Washington National Airport. Chris Rocheleau, a U.S. Air Force veteran who operated at the FAA for more than twenty years, was previously primary operating officer of the National Service Aviation Association. Sources said Liam McKenna, who was the counsel to the Senate Commerce Committee, has been called primary...

Some U.S. officials and lawmakers are citing a nearly 50-year-old treaty signed between the United States of America and Panama as a way to justify Trump's threat to take back the Panama Canal, provided they can prove that the waterway's operations are threatened. Some, however, believe that obstacles would arise if the U.S. tried to use the 1997 Panama Canal Neutrality Treaty - which went into effect in 1999 - to claim the canal. The treaty guarantees the canal will remain neutral and available to ships from any country. Since 1999, the Panama Canal Authority has controlled the 82-km waterway....

Many Western companies sold their Russian assets to comply with the sanctions imposed over the conflict in Ukraine, and to respond to the Kremlin's threats that it could seize foreign assets. The following companies have sold their business in Russia. They are grouped by sector. Continental sold its Russian tire plant to holding company S8 Capital by May 2023. Renault sold Avtovaz's majority stake to the Russian government in 2022. The price was reportedly only one rouble, but there was a six-year buyback option. Volkswagen sold its Kaluga production facility and local subsidiaries to Volkswagen in May 2023. Banks &...

Air traffic control service audio taped the moments before and after an American Airlines local traveler jet crashed with a U.S. Army Black Hawk helicopter in a midair accident over Washington on Wednesday night. Audio from LiveATC.net, a reputable source for in-flight recording, captured the final communications between the 3 crew members of the helicopter - call indication PAT25 - before it collided with the CRJ700 Bombardier jet bring 64 passengers and team. PAT25, do you have a CRJ in sight? PAT25, pass behind the CRJ, an air traffic controller said at 8:47 p.m. (ET) on Wednesday (01:47 GMT on...

Air traffic control service audio tape-recorded the last moments before and after the crash of an American Airlines local passenger jet and a U.S. Army Black Hawk helicopter after a midair accident in Washington on Wednesday night. Audio from LiveATC.net, a reputable source for in-flight recording, captured the final communications between the three team members of the helicopter - call sign PAT25 - before it hit the CRJ700 Bombardier jet bring 64 passengers and crew. PAT25, do you have a CRJ in sight? PAT25, pass behind the CRJ, an air traffic controller said at 8.47 p.m. (ET) on Wednesday (01:47...

Marco Rubio, U.S. Secretary for State, welcomed the decision of Panama to allow its participation in China’s global infrastructure plan to expire on Monday. He called the move a "great step forward" for the United States-Panama relationship. Washington has argued Beijing uses this scheme as "debt-trap diplomacy" in order to consolidate its global influence. Rubio made his first trip abroad as the top U.S. diplomacy under President Donald Trump. He visited Panama, an important U.S. ally in Latin America. Rubio also pressed the country to change its relationship with China. Jose Raul Mulino, the Panamanian president, said that after meeting...

Lots of Western business have actually sold their Russian assets or handed them over to local supervisors to adhere to sanctions over the war in Ukraine and respond to threats from the Kremlin that it may seize foreignowned possessions. Below are some business that have offered their organizations in Russia, divided by sector: AUTOS Continental sold its Russian tyre plant to holding company S8 Capital in May 2023. Renault offered its bulk stake in Avtovaz to the Russian state in 2022, reportedly for just one rouble however with a six-year choice to buy it back. Volkswagen finished the sale of...

The following are the leading stories on the business pages of British newspapers. Reuters has not verified these stories and does not guarantee their precision. The Times - The takeover of Harland & & Wolff by the Spanish state-owned shipbuilder Navantia has been finished in an offer anticipated to secure more than 1,000 British tasks. - More than $700 billion was wiped from the worth of the world's biggest technology business after the emergence of a. cut-price Chinese rival to ChatGPT raised doubts over whether. America can sustain its lead in expert system. The Guardian - Elon Musk's Tesla has...

The London Metal Exchange (LME) has authorized Hong Kong as an LME delivery point and the listing will become active three months after the first warehouse company has been approved, it stated on Monday. The metals approved for shipment in Hong Kong SAR are aluminium alloy, copper, lead, nickel, primary aluminium, tin, and zinc, the LME stated. Companies looking for approval to operate a warehouse in Hong Kong needs to reveal that they have access to the needed experience needed to run a storage facility in accordance with the LME procedures, it stated. Authorizing storage facilities in China, the world's...

Sources told The Greek Government on Friday that Piraeus, Greece's largest port, is still operating normally despite the U.S. blacklisting of COSCO, its majority owner. The U.S. Defense Department announced on Monday that it added COSCO Shipping, a Chinese shipping company, to a list it claimed worked with China's Military. The shipping industry views this as an attempt to discourage U.S. firms from trading with COSCO Shipping. COSCO, the largest shipping group in the world, announced on Wednesday that no of its units were military companies. It also said that its global operations would continue uninterrupted and that the company...

China's Foreign Ministry said that it did not know about the decision by Shandong Port Group to ban U.S. sanctioned vessels in its east coast harbours. The group supervises several major terminals located in Shandong province, the main entry port for oil imported from Iran, Russia and Venezuela. These embargoed oil flows accounted for almost a fifth (or 5%) of all imports last year. If the ban was enforced, traders claim it would increase shipping costs for independent refining companies in Shandong. These are the main purchasers of discounted sanctioned oil from the three countries. It could also cause a...

According to a letter sighted by us on Monday, the Sudan lifted its near-one-year force majeure for the transportation of crude from South Sudan to an port on the Red Sea. Khartoum declared force majeure last March after the main oil pipeline transporting South Sudanese oil through Sudan to be exported suffered stops linked to the problems caused by the war between Sudan’s army and insurgents Rapid Support Forces. In a letter dated January 4 from Sudan's Ministry of Energy and Petroleum to South Sudan’s Energy Minister, Khartoum announced that it would lift the force majeure due to new security...

Dutyfree costs in China's. island province of Hainan, where worldwide luxury players from LVMH. to Kering have actually started a business, slumped 29.3%. last year as a weak economy saw a sharp drop in domestic. visitors. Consumers going to Hainan, known for its glitzy seafront. hotels and sandy beaches, spent 30.94 billion yuan ($ 4.24. billion) on duty-free products in 2024, regional custom-mades information revealed. on Thursday, falling 29.3% from a year earlier. The variety of consumers checking out Hainan fell 15.9% to 5.683. million, the data revealed, from 6.756 million in 2023. While the retail invest in Hainan is...

China's capital Beijing passed brand-new regulations on Tuesday to encourage self-governing driving technology in the city, with authorities preparing to ultimately permit driverless public buses and taxis. Self-governing automobiles that pass roadway screening and security assessments will be enabled to look for roadway trials, the state-backed Beijing Daily paper reported, which stated the new guidelines take effect from April 1. The city supports making use of autonomous automobiles for personal vehicles, metropolitan buses, cable cars and taxis, it said, adding that it wishes to encourage the building and construction of smart road infrastructure to support such transport. In a separate...

Uncertainty surrounds the deadliest airplane crash on South Korean soil, air travel specialists said on Sunday, questioning how much impact a possible bird strike pointed out by authorities might have had in lowering the Jeju Air flight. The apparent absence of landing equipment, the timing of the twin-engine Boeing 737-800's tummy landing at Muan International Airport and the reports of a possible bird strike all raised questions that could not yet be responded to. The single-aisle airplane was seen in video broadcast on local media skidding down the runway without any landing equipment released in the past hitting a wall...

The crash of Jeju Air flight 7C2216 on Sunday marks the deadliest ever on South Korean soil and the worst including a South Korean airline given that a 1997 Korean Air Lines crash in Guam that killed more than 200. The crash of the Boeing 737-800 at Muan International Airport is the very first deadly accident involving the nation's. greatest budget plan airline, which was founded in 2005. Jeju Air. ranks just behind Korean Air Lines and Asiana. Airlines in regards to the number of travelers in South Korea. The previous most lethal air accident in South Korea remained in....

A minimum of 28 individuals were dead on Sunday after an airliner went off the runway and crashed at South Korea's Muan International Airport, Yonhap news agency reported. The mishap took place as the Jeju Air aircraft, carrying 175 passengers and 6 team on a flight from Thailand, was landing at the airport in the south of the nation, the report stated. Two people were found alive as the rescue mission was continuing, according to Yonhap. Authorities were working to rescue individuals in the tail area, an airport authorities told Reuters. Images shared by local media showed smoke and flame...