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US FAA investigates close call between United Jet and Army helicopter in California
Federal Aviation Administration (FAA) of the United States?said Thursday that it was investigating an incident between a United Airlines plane and a Black Hawk Army helicopter in California. The FAA reported that the 'United Boeing 737-8 jet was on final approach at John Wayne Airport, Orange County, California on?Tuesday - 8:40 p.m., when a Black Hawk flew in front of it. Flightradar24 (a flight tracking website) reported that the planes were 525 feet vertically apart. The FAA also investigates whether or not the incident violated their new policy that prohibits visual separation between helicopters and major airports. United stated that Flight 589 had left?from San Francisco and had been told by air traffic control, to keep an eye out for a military chopper flying near the airport. The pilots saw the helicopter and received a cockpit alert. They then leveled the aircraft and landed it safely. There were 162 passengers on board and six crew members. On Thursday, two U.S. House committees passed legislation to address concerns regarding separation between helicopters & airplanes as well as other issues. After the mid-air collision that resulted in 67 deaths near Reagan Washington National Airport on January 20, 2025, FAA regulations and legislation were passed. In issuing new rules, the FAA cited recent incidents including a "near miss" involving an American Airlines plane and a police helicopter near San Antonio Airport. The helicopter and the aircraft were on convergent courses when the 'helicopter' made a left-hand turn to avoid an American Airlines flight. A Beechcraft 99 cleared to land in Burbank Airport, southern California on March?2, as a helicopter flew through the final approach path. The helicopter turned away from the Beechcraft as the aircraft were on convergent courses. The FAA said that when helicopters are crossing airport arrival or departing paths, air traffic control will use radar to maintain specific vertical and lateral distances between the aircraft. The FAA has restricted helicopter traffic at airports such as Baltimore, Las Vegas, and Washington Dulles after the 2025 accident. (Reporting and editing by Mark Porter, David Gregorio and David Shepardson)
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Europeans press US on Russian support for Iran
The European powers accused Russia on Thursday of assisting Iran in targeting U.S. troops in the Middle East War and said that they would bring the matter up with the U.S. Secretary of State Marco Rubio during a G7 meeting of 'foreign' ministers in France. Rubio will attend the second day gathering of Western Democracies ministers. This is taking place in the midst of wars with Iran and Ukraine, uncertainty over the economy and growing unease about the unpredictable U.S. Foreign Policy under Donald Trump. Two Western security officials and a regional official near Tehran have confirmed that Russia provided satellite imagery to Iran. They also said the country helped Iran upgrade their drones so they could emulate the versions of Russian drones used against Ukraine. Some media outlets have reported that Russia has aided Iran in the conflict between the United States and Israel just as Tehran has aided Moscow in its war against Ukraine. Kaja?Kallas, the European Union's foreign policy chief, told reporters that Russia was helping Iran to use intelligence to target Americans and kill Americans at the G7 summit in Vaux de Cernay Abbey near Paris. "Russia also supports Iran with drones now so they can attack the neighbouring countries as well as the U.S. bases." Playing down concerns Steve Witkoff, U.S. Special Envoy to CNBC earlier this month, said that Russia denied sharing intelligence on U.S. assets with Iran in the Middle East. Witkoff stated that "we can take them at their word." Rubio appeared to downplay the allegations against Moscow before he left for Europe. "I believe Russia is currently focusing on their war. "I don't think I have anything else to say at this time," he added. Two European diplomats, however, said that ministers would be pressing the issue at Friday's meetings. These wars are interconnected. If America wants to end the Middle East war and Iran stop attacking them, then they should also "put pressure on Russia to prevent them from being able to assist them in this", Kallas said. Jean-Noel Barrot, French Minister of Foreign Affairs, echoed these remarks at a press conference. He said: "It's a fact that there has been and continues to be cooperation between Russia and Iran, in both directions. We are well aware of this." "There's a good reason to believe that Russia today is supporting Iran’s efforts, both militarily and otherwise, that appear to be directed in particular against American targets." Washington's partners also hope to gain more clarity about the U.S.-Israeli military operations and whether there is a meaningful diplomatic channel to end the conflict. Since U.S. & Israel attacked Iran on February 28th, Iran has launched attacks against Israel, U.S. base and Gulf States, and effectively blocked Middle East fuel exports through the Strait of Hormuz. In an effort to show Washington that it is serious, France organised a videoconference with 35 militaries around the world on Thursday. It was looking for partners and proposals to launch a mission to open the Strait after the U.S. - Israeli war against Iran. The G7 ministers - Britain Canada France Germany Italy Japan, the U.S. and Britain - are all present at the two-day meeting. (Parisa Hafezi, Humeyra Pauk and Simon Lewis contributed additional reporting from Washington and Dubai; Sudip Kar Gupta edited the story).
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Trump is weighing executive action to ease airport safety snags.
Sources said that if Congress fails to reach a deal to resolve the security staff shortages which have caused airports to be clogged, President Donald Trump may take 'executive action' to pay 50,000 airport'security officers. Homeland Security Department reported that nearly 500 airport security guards have quit since February's partial shutdown. A dispute between Congress and the Transportation Security Administration over funding has forced the Transportation Security Administration to work without pay. Two congressional sources confirmed that Trump was considering various actions to pay airport employees. However, it is unclear for how long he will be able pay TSA payrolls if a deal with Congress cannot be reached. Karoline Leavitt, White House Press Secretary, said in a Thursday statement: "It's true that there are discussions at the White House about a variety of ideas for reducing the impact of the Democrat shutdown crisis. However, no plans or preparations have been made." The easiest and best way to pay TSA Agents would be to fund DHS." Democrats in Congress are holding up funding for DHS and demanding changes to the rules that govern its immigration operations after agents in Minneapolis killed two U.S. Citizens Renee Good, and Alex Pretti. Republicans have rejected Democratic proposals for funding TSA separately, while they negotiate reforms to how Immigration and Customs Enforcement (ICE) agents work. On Wednesday, the TSA said that if staffing problems worsened, it could be forced to shut down smaller airports. On Wednesday, more than 11, or 3,120 TSA agents, failed to show up at work. Absenteeism rates were higher in New York JFK airport, Houston's airports and the airports of Baltimore, New Orleans, and Atlanta. Chris Sununu is the CEO of Airlines for America. He reiterated on Thursday his call for Congress resolve this issue quickly. Even if the U.S. Senate reached a deal on DHS funding before Friday, he warned, "you are still likely to have a tough weekend because it won't be finalized immediately." Trump said that he could send National Guard troops to airports in order to meet security needs. Senate Republicans and Democrats are continuing to debate a plan that would allow funding for TSA, and other Department of Homeland Security agencies to resume while keeping funding for immigration enforcement on hold. TSA is dealing with a?surge in school spring break travel that is about 5 percent higher than last year. In recent days, absences have risen above 10%. This has led to long delays at airport security checkpoints. On Monday, hundreds of U.S. Immigration agents and Homeland Security Investigations (HSI) officers were deployed to 14 U.S. Airports for security screening. Some of these agents now check IDs using TSA equipment. They also assist with logistics and crowd control, as well as guarding exits and entrances. ICE and law enforcement personnel are paid even during the shutdown. (Reporting and editing by Chizu Nomiyama; Bill Berkrot, Edmund Klamann and Chizu Nomiyama)
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Norway temporarily reduces petrol and diesel taxes amid Middle East War
The Norwegian parliament passed a bill on Thursday to reduce petrol and diesel taxes temporarily, in order to ease the soaring costs of fuel after the Middle East war, which drove up oil prices. The opposition Conservative Party proposed a vote on short notice, bypassing the traditional fiscal process which can take months to complete. The Labour Party minority government said that any changes to fiscal policy would be included in'regular committee review,' which would have delayed voting until at least June. According to Finance Minister Jens Stltenberg, a temporary tax reduction on petrol and diesel between April 1 and September 1 could cost the state at least $342 million in lost revenues. The voting record of the parliament also showed that several?proposals for temporary reductions in CO2 taxes were passed. This added several billion crowns to the?overall cuts. On Thursday, the Centre Party, who cast the final?vote said that it would support "any proposal" to reduce taxes. $1 = 9.6499 Norwegian Crowns (Reporting and editing by Terje Solsvik, Himani Sarkar, and Louise Rasmussen).
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Algerian national airline orders 10 Boeing 737 MAX-8 planes to modernize its fleet
Air Algerie, Algeria's national carrier, announced?on Thursday that it had placed an order for ten Boeing 737 MAX 8 aircraft as part of the country's strategy to develop civil aviation. The airline stated that the acquisition is part of its efforts to modernize their fleet, expand its route network and improve customer service. Five of the aircraft will be delivered this year in the second half, and the remaining five next year. No financial details have been disclosed. Air Algerie said the move was part of a broader strategy to meet the needs of the domestic and international markets and keep up with the aviation sector. They added that it would improve the airline's market position and competitiveness. (Reporting and editing by Susan Fenton; Tarek amara)
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United Airlines tentatively agrees to a labor agreement with flight attendants
United Airlines flight attendants'reach a tentative labor agreement of five years with the carrier, according to their union, which announced this on Thursday. Cabin crews voted against an earlier proposal last year. The union said that the 'agreement' includes higher base salaries and new restrictions on overnight flights. United Airlines said that the agreement would provide flight attendants with immediate increases?upon the ratification of the contract. The top?pay would reach $100 an hour by the end, making them the highest paid in the industry. The agreement includes a boarding bonus, compensation for long gap between flights and signing bonuses for each flight attendant. United said that these bonuses would amount to $740 million. According to estimates, the previous tentative agreement, which was rejected by the 'flight attendants' last year, would deliver a '40% financial gain in the first year of the new contract. (Reporting and editing by Rod Nickel; Rajesh Kumar Singh)
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Anchorage, a crypto platform that brings Sun's Tron cryptocurrency to US investors
Anchorage Digital, an U.S. crypto platform regulated by the federal government, announced on Thursday that it will 'add Justin Sun’s Tron Blockchain to its network', increasing access to investors in the U.S. investors. Sun has reached another milestone in its regulatory history with the deal with Anchorage. This month, Sun settled charges brought by the U.S. Securities and Exchange Commission for $10 million. Sun and his companies have not admitted or denied wrongdoing according to the SEC. Anchorage, based in San Francisco, is the only federally chartered cryptocurrency bank in the United States. It provides services such as crypto custody, settlement, and other services to financial firms, hedge funds, and other crypto players. Nathan McCauley, CEO and co-founder of Anchorage Digital, said in a press release that by supporting Tron through Anchorage Digital’s regulated platform we are helping to bring one of crypto's biggest ecosystems into a framework. Anchorage clients can now custody Tron’s tronix. This could pave the way for a greater adoption of this token in the U.S., and boost Tron’s goal to expand in the country. Singapore is home to the Tron Foundation which oversees this blockchain?network. Investors in the United States who want to trade and invest in Tron’s token do so primarily through decentralized exchanges. These aim to eliminate the middleman, allowing users to transact on a blockchain directly. Donald Trump promised to change policies towards digital assets on the campaign trail, and has been pushing to make the U.S.?a global hub of cryptocurrencies. Sun, who is a major supporter of the Trump family's crypto-?venture World Liberty Financial said in a statement that Tron’s partnership with Anchorage would help to "expand secure institution access" to blockchain network. (Reporting and editing by Michelle Price, Alexander Smith, and Hannah Lang in New York)
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US House committees pass sweeping aviation safety regulations
Two U.S. House Committees unanimously passed sweeping aviation reform legislation in response to dozens of recommendations made after the January 2025 collision between an American Airlines regional jet and a U.S. Army Black Hawk helo that killed 67. The House Armed Services Committee passed a 53-0 vote to require collision prevention technology on all military aircraft, except for fighters, bombers, and drones, by 2031. Separately, the House Transportation and Infrastructure Committee voted 62-0 to establish requirements for aircraft and helicopters to be equipped with collision mitigation technology. The legislation addresses deficiencies in the Federal Aviation Administration safety culture. It also enhances air traffic training and procedures and improves the safety of the airspace surrounding Reagan Washington National Airport where the fatal accident occurred. The National Transportation Safety Board has said that the ALERT Act is a safety bill that addresses the 50 recommendations it made after the mid-air collision. Jennifer Homendy, Chair of the NTSB, hailed the action as historic. She said it was the first instance that Congress committees had passed legislation addressing all the board's recommendations after a major aviation accident. The bill also requires the use of ADS-B, a safety system by the year 2031. The bill also includes a review of the flight frequency at Reagan National, which is home to the busiest airport in America. Last month, the U.S. House of Representatives?failed? to pass a separate bill on aviation after the Pentagon?withdrew? its?support despite pleas by lawmakers and the relatives of those who died in the American Airlines crash, the worst aviation disaster for the United States since 2001. The ROTOR act was unanimously passed by the U.S. Senate back in December. The bill was passed by the Senate unanimously in December, but under the fast-track legislation designed to speed up the process, it needed two-thirds of the House votes to be approved. The House and Senate will likely meet in order to resolve any differences between the two measures before any legislation can become law if the ALERT Act is passed by the House.
Citgo auction pits Icahn-backed oil refiner, financial institution group
An oil refiner backed by activist investor Carl Icahn and a group of creditors holding claims against Venezuela are completing in the last mile of a. U.S. court auction for Citgo Petroleum, according to 3. individuals knowledgeable about the matter.
A total of 18 lenders holding judgments for financial obligation defaults. and expropriations in Venezuela totaling $21.3 billion are. pursuing earnings from the auction of shares in Citgo's parent,. organized by a federal court in Delaware. But offers are not. expected to cover that quantity entirely.
A financial investment group that consists of miner Gold Reserve. and a system of corporation Koch Industries have actually used about $9. billion in combined money and claims versus Venezuela, two of. the people, who were not licensed to speak openly about the. matter, said.
Icahn-controlled CVR Energy independently sent an. all-cash quote of about $8 billion, individuals with understanding of. the auction stated.
Both current offers are above the greatest $7.3 billion bid. submitted in a first round previously this year, however far away from. Citgo's market evaluation of in between $11 billion and $13 billion.
The court officer supervising the auction, Robert Pincus,. last week asked for extra time to examine the complex provides. and reach an arrangement on terms. Creditors can use claims. against Venezuela in lieu of money in some cases.
The procedure has actually permitted business including Gold Reserve,. which has a more than $1 billion claim, and Koch Industries,. with a $457 million claim, to sign up with forces with investors recommended. by investment bank Centerview Partners, who have actually contributed. money to the quote, the 2 sources added. Lenders can use. claims as comparable to money.
Gold Reserve and court officer Robert Pincus declined to. remark. Centerview did not have an immediate remark. Koch did. not respond to ask for remark. CVR decreased to comment, however. the company's president in late July told financiers it was. exploring tactical deals in refining.
Gold Reserve in June said it had gotten $36 million. through a private positioning of shares and lined up a partner, FJ. Management, to support its bid.
At least 5 groups of investors sent binding bids in. the 2nd round, and 3 protected financing dedications from. banks and advisors consisting of JPMorgan, Morgan Stanley. and Rothschild & & Co, people close to the. matter informed Reuters in July.
SOME WILL END UP EMPTY-HANDED
According to the court's terms, bidders have an. opportunity to add further celebrations to their deals to improve. their value and can likewise complete their bids after sent,. making the process dynamic.
However due to the fact that of the mounting claims, some financial institutions will end. up empty-handed no matter which of the offers the court. accepts. Shareholders with protected claims against Venezuela likewise. have actually opposed they were largely locked out of the auction.
Venezuela, which is the middle of a severe political crisis. following a disputed presidential election, has called the. auction a theft of its treasured foreign property. Citgo and its. supervisory boards likewise have battled to postpone the auction and win. U.S. assistance for keeping Venezuelan ownership.
The seventh-largest U.S. refiner by volume has been. controlled by supervisory boards appointed by Venezuela's. opposition because 2019, when the United States severed its ties. with Venezuela's state oil company, PDVSA.
The Houston-based business has been extremely successful. Its. first quarter earnings was $410 million, and it earned $2.04. billion for all of 2023.
The U.S. judge managing the case, Leonard Stark, has. opposed any substantial delay to completing the case, initially. presented by miner Crystallex in 2017. Stark found Citgo's. parent, PDV Holding, accountable for Venezuela's debts and bought. its shares took.
In early July, Pincus said the bidding round had been. effective, with a number of competitive bids received, a change. from a first bidding round in January thought about disappointing. by Citgo's lawyers.
In a filing looking for more time to work out and examine the. bids, Pincus did not reveal the identities of any bidders. Citgo. said in court in July it had actually not been briefed about the bids.
When a finalist is identified, the court will schedule a. 21-day duration for participants to challenge the recommendation. By Aug. 22, a winner must be selected, and the court has set. Oct. 15 to authorize a winner subject to approval by the U.S. Treasury Department.
Citgo, the crown gem of Venezuela's foreign assets, has. storage terminals, pipelines and 3 oil refineries that can. process as much as 807,000 barrels each day of crude oil into fuels.
(source: Reuters)