Western Europe

Airbus' preliminary analysis of the Air India A320 that landed about 300 feet and injured 24 passengers in a single?month revealed that it briefly lost control over its?key flight controls, after experiencing losses in each?three?hydraulic systems. Air India Flight AI2379, from Phuket to Delhi on August 4, landed safely at Delhi despite losing altitude. Airbus responded to a request from Air India for an assessment by saying that the aircraft's elevators, ailerons and control of pitch and roll were unavailable for approximately four seconds, during which time the plane pitched up. During this time, the first officer applied full nose-down...

The British Transport Police said that the derailment?of a passenger train near Lewes station in southeast England?on?Thursday?left?two people with serious injuries and nine other persons with less severe injuries. British Transport Police reported that three carriages of the train rolled onto their side after the incident was reported at 3:44 pm local time. The police reported that a number of passengers were trapped at first but they have now been safely evacuated. At the scene, emergency services including Sussex Police, local fire, ambulance and rescue?teams and Sussex Police responded. Some of the injured were treated on site while others were...

According to an internal memo, Air 'India will start mandatory substance testing for all pilots starting Thursday. The tests will go beyond the'regulatory requirements'. The tests are to screen for substances or medications that are prohibited by aviation regulations. They will be conducted in conjunction with training sessions at Gurugram Academy, at offices and briefing centres, and after flights at designated locations. The test will also be conducted on the pilots of Air India Express, a budget airline. Air India didn't immediately respond to an email seeking comment. Airline rules currently require that at least 10% their flight crew be...

These are the most popular?stories from the Wall Street Journal. These?stories have not been verified and we cannot?guarantee?their accuracy. Apple is negotiating new deals with publishers in order to use their content for delivering current news and information as part of its effort to improve Siri, the voice assistant powered by AI. Federal aviation officials plan to relocate air-traffic-control antennas and implement new procedures in order to prevent a repeat of the?safety accident with Marine One last week near a busy Washington D.C. airport. As part of discussions on reworking the U.S., Mexico-Canada Agreement, the Mexican government has pushed the...

Air Canada announced on Wednesday that it expects 'one of its strongest fall seasons ever, thanks to corporate travel. Despite cost pressures, the airline set its latest core profit target for this year below analyst expectations. Air Canada's shares rose 14% during morning trading following an agreement by funds to acquire a minority stake of its loyalty program Aeroplan. Canada's largest airline restored its annual core profits target on Tuesday. However, it was at a lower level compared to its previous suspended outlook due to the volatility of the U.S./Israeli war against Iran. Mark Galardo, Air Canada's Chief Commercial Officer,...

The SNPC and FO trade unions announced on Wednesday that EasyJet 'flight attendants in France' will go on strike August 15-16 to demand better conditions. The statement stated that talks between a group of unions and the company regarding working conditions failed to produce any results. EasyJet is solely responsible for any flight cancellations or disruptions that result from these days. The company has refused to respond seriously to repeated warnings by trade unions in the past few months. A request for comment from a spokesperson?for?easyJet was not immediately responded to. The London-listed carrier is being purchased by the investment...

London, 12 August - Europe's largest travel company TUI missed its third-quarter operating profit expectations on Wednesday as bookings dropped and the price of jet fuel remained high due to a U.S.-Iran war. TUI's operating profit was EUR234.6m ($270.6m), down 27% compared to last year, and below the EUR274m projected by LSEG analysts. Europe's airlines have warned that booking windows are being shortened as travellers hesitate to book their holidays due to ongoing uncertainty linked to the Iran War. IAG, Lufthansa, and Air France-KLM are among the major?carriers that have announced they will either cut capacity or keep it flat...

Ryanair announced on Wednesday that it will 'deploy Google Gemini AI tools, and DeepMind models throughout its operations as part of a five-year cloud partnership. The technology is used to help manage crew scheduling and make operational decisions. Ryanair, Europe’s largest airline based on passenger numbers, announced that it would offer Alphabet’s Google Workspace services and Google Cloud to 35,000 of its employees. This will support its efforts toward a goal to?carry 300 million passengers per year by 2034. Eddie Wilson, Ryanair's CEO, said: "To support our growth, we must ensure that we have excellent infrastructure reliability. Our new dual-cloud...

On?Tuesday an ash cloud from Sicily’s Mount Etna volcanic eruption drifted over?Malta, forcing some airlines to cancel flights to the Mediterranean Island at the height tourism season. Malta International Airport posted a message on Facebook saying that "we're experiencing flight delays due to volcanic ash clouds" over the Maltese Islands, following recent activity at Mount Etna. A spokesperson stated that 19 flights were cancelled by mid-afternoon Tuesday, and a number of?other flights?were significantly delayed. Malta Airport is located 220 kilometers (140 miles), south of Mount Etna. Mount Etna is the most active volcanic mountain in Europe. It erupted again last...

The Latvian state-controlled carrier airBaltic has asked bondholders to allow it to secure EUR225m interim financing in order for the airline's near-term liquidity requirements. It is doing this as a way of securing its finances and avoiding default. The company stated that the plan was to "strengthen the airline on a long-term basis". It added that the flight schedule would be maintained as usual. According to airBaltic, Lufthansa has a 10% share in the company. The proposal is dependent on bondholder approvals and other approvals. The company also said that it proposed a permanent funding package, which "contemplates", the?bondholders converting...

A source with first-hand knowledge of the situation said that India's civil aviation minister summoned Air India CEO Campbell Wilson after a flight from Phuket to Delhi suddenly dropped 300 feet in altitude. Air India and the Minister's Office did not respond immediately to'requests for comment. The Indian authorities launched an investigation days before the government's move. Air India reported that the flight from the 'Thai tourist town experienced a'momentary elevation variation' while flying over Odisha in eastern India, resulting in injuries for 13 passengers and four crew members. The aircraft carrying 137 passengers and eight crew members safely landed...

Airbus, a European planemaker, announced on Monday that it would'send specialists to help aide in the investigation of a sudden loss of altitude by an 'Air India - Airbus aircraft during a flight last Thursday. Air India A320?VT-EXO operating flight AI2379, from Phuket to Delhi, lost a sudden 300 feet during cruise. The aircraft then stabilized and safely landed in Delhi. On the same day, the Indian government launched an investigation into the incident. They also said that they had obtained the flight data recorder and cockpit voice recorder of the aircraft for analysis. Eight passengers and four crew members...

German authorities opened a counterterrorism probe after a drone containing explosives, which was found at the Leipzig/Halle Airport cargo and military logistic hub in what interior minister called a "hybrid attack", was discovered. The drone was discovered by airport workers in a restricted zone late Tuesday night, causing flight cancellations and the closure of certain parts of the airport. On Wednesday, German Interior Minister Alexander "Dobrindt" said that the incident had opened up a whole new level of risk. Here are some details on the drone incident that occurred at Leipzig/Halle Airport this week. From a World War Two Destrotion...

The Sueddeutsche Zeitung, among other news outlets, reported that a Ukrainian cargo aircraft found parked next to an explosive-laden drone at Germany's Leipzig/Halle Airport on Tuesday night was actually carrying military ammunition. The report, also broadcast by NDR and WDR, cited a confidential police report and said that forensic experts determined the explosives on the drone to be of high military grade. These findings could raise the stakes of a wider counterterrorism investigation into the incident at a?airport that serves as a major military and cargo logistics hub, which the German government has classified as critical infrastructure. Alexander Dobrindt, the...

DHL, the German logistics group, increased its share-buyback program by EUR 500 million ($ 577 million) and reiterated its yearly forecasts following its second quarter results that exceeded market expectations. The group announced that the program, which was launched in 2022, will now be worth up to EUR6.5billion and run until 2027. DHL's revenue for the second quarter rose by 13% from a year earlier to EUR22.4 billion. This was above analysts' expectations of EUR20.41 billion in a consensus provided by the company. The group stated that the increase in fuel prices was due to higher fuel costs and higher...

These are the most popular?stories from the Wall Street Journal. ? This?story has not been verified and we cannot vouch for its?accuracy. Takeda, a Japanese pharmaceutical giant, has formed a partnership with InSilico to develop AI-based drugs. The initial potential value is $600.0 million. Northern Star has chosen the former head of Glencore’s Nickel and Zinc Industrial?Assets as its new chief executive. This is because it faces pressure from activist investors Elliott Investment Management to make changes. The United States did not agree to renew the USMCA under its current form, U.S. Trade Rep Jamieson Greer stated on Wednesday. This...

CMA -CGM, a French shipping company, has acquired FedEx's "third-party logistics" business, valued at $1.4 billion. The deal was announced on Wednesday, in an effort to increase its presence both in the United States and the logistics industry. The deal, which is expected to be completed later this year, will give CMA CGM, via its CEVA Logistics subsidiary a total of 20,000 contract logistics employees and 150 warehouses in North America. CMA CGM announced that following the acquisition the companies will also develop partnerships, under which CMA CGM would be the "preferred ocean carrier" for FedEx, and they would collaborate...

The Financial Times reported that the French container shipping company CMA CGM was 'nearing' a deal to buy FedEx's third-party logistics division for $1.4 billion cash. The report said that the talks between the two companies have advanced to a point where a deal may be reached as early as Wednesday. Could not verify the report immediately. CMA CGM and FedEx didn't immediately respond to comments outside of regular business hours. CMA 'CGM will be diversifying into air freight and logistics. FedEx will be able to focus on its core network of air-ground deliveries after selling its third-party logistic business...

FedEx beat estimates for its quarterly profits?and projected an 11% increase in revenue by 2026. However, shares fell 5.7% after a margin drop in the core express segment. Delivery giant also predicted earnings per share between $16,90 and $18,10 for the year. It has shifted its fiscal year from May to coincide with the calendar, instead of its previous year-end. Analysts are still working on'models' that will allow them to compare the new forecast with their previous one. It also follows its June 1 spin-off of its freight trucking division, FedEx Freight. This is part of a multiyear effort by...

FedEx, a global delivery company, said that it expects its revenue to increase?about 11 percent and earnings per share to be in the range of 16 to 18 dollars. This comes after reporting on Tuesday a higher profit for the fourth quarter, helped by increased rates. FedEx's fiscal year has been aligned with the calendar. The fiscal year of FedEx ended on May 31, previously. This comes just weeks after FedEx Freight was spun off on June 1, as part of a multi-year effort to streamline its operations and reduce costs by billions of dollars. FedEx reported an adjusted profit...

Companies are trying to protect their workers and keep operations running as temperatures in Europe reach above 40 degrees Celsius. They also want to take advantage of the soaring demand that could be a relief. DHL, the German logistics giant, has provided its delivery staff in Germany with "cool boxes", which contain reusable cooling towel, water-activated arm coolers, and UV-protective collar guards. Construction firms have shifted their working hours so that they start earlier and end before the hotter part of the day. Retailers are struggling to meet the demand for portable air conditioners and fans. DHL stated that "extremely...

Gregor Stuart Hunter gives us a look ahead at what the markets will be like in Europe and around the world. The yen is once again near its lowest levels?in the last 40 years, and the possibility of a joint intervention is looming after the?U.S. and Japan's finance minister met online. Treasury Secretary held an online "meeting" to discuss global financial markets. In the morning Asian trading on Tuesday, the yen traded at 161.60 to a dollar, its lowest level in two-years. It had moved within a few pip of levels that were not seen in decades during U.S. market...

DHL Express Europe believes that its aviation fuel supply is secure for the summer, despite the uncertainty caused by Iran's war. This was made possible by diversifying its sources and easing market pressures, according to Chief Executive Mike Parra. The jet fuel market has loosened over the past few weeks, as the demand for the product has weakened and the imports of it into Europe from the United States have increased. DHL Express is the largest division within German logistics and post services group DHL. It employs approximately 120,000 people around the world. DHL Express operates a fleet consisting of...

DHL Express Europe's CEO, Mike Parra, said that despite the uncertainty caused by a looming war in Iran, it is confident about its aviation fuel supplies for the summer. This is due to easing market pressures and diversifying its sources. In an interview with Parra on Tuesday, he said: "At this time, we do not have any risk" in major hubs, gateways or?major cities. No disruptions are anticipated. In recent weeks, the jet fuel market has loosened as the demand for it has slowed and imports from the United States of America, Nigeria, and South Korea have increased. The head...