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As fraud cases surge, particularly in the UK, new regulations mandate banks to reimburse victims of authorised push payment (APP) fraud up to £85,000 within five days. Despite a slight decrease in total losses, the number of reported fraud cases has increased significantly, prompting calls for enhanced consumer protection measures.
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Since mid-October, Indian airlines have faced a wave of hoax bomb threats, leading to significant disruptions in air travel. Over 275 threats have been reported, prompting emergency landings and fighter jet escorts. The Indian government is considering stricter laws to combat this issue as investigations continue into the source of the threats.
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The FAA has established final regulations for electric air taxis, marking a significant step in advanced air mobility. These rules will govern pilot training and operational requirements, paving the way for companies like Joby and Archer to begin operations as early as 2025. The AG600 Kunlong also passed critical safety tests in China.
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European airlines are grappling with declining profits amid rising operational costs and delivery delays from Boeing. Ryanair reported an 18% drop in profits, while Air France-KLM's earnings fell short of expectations due to reduced travel during the Paris Olympics. British Airways' parent company, IAG, posted strong profits, contrasting with its competitors' struggles.
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Riyadh Air has announced an order for 60 Airbus A321neo aircraft, aiming to launch flights next summer and connect over 100 global destinations by 2030. This deal is part of Saudi Arabia's strategy to enhance its aviation sector and boost tourism.
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Singapore Airlines is investing over $800 million to retrofit its long-haul fleet with new first-class and business-class seats, responding to a resurgence in demand for luxury travel. The airline aims to enhance passenger experience with privacy doors and upgraded amenities, while competing against Gulf carriers and addressing evolving customer preferences.
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On November 13, 2024, American Airlines Flight 298 from Honolulu to Los Angeles was directed to perform an expedited climb after failing to make an assigned turn, putting it on a collision course with the Koʻolau mountains. The FAA is now investigating the incident, which ended safely with no injuries.
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Spirit Airlines has filed for Chapter 11 bankruptcy as it struggles with over $2.5 billion in losses since 2020 and looming debt payments exceeding $1 billion. The airline will continue operations normally during the restructuring process, which is expected to last until early 2025.
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The U.S. Department of Homeland Security has released new voluntary guidelines for AI use in critical infrastructure, emphasizing privacy, cybersecurity, and accountability. Developed with industry leaders, the framework aims to mitigate risks associated with AI technologies. The guidelines come amid concerns about future regulatory changes under President-elect Donald Trump.
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Recent airline experiences highlight contrasting aspects of air travel. While Iberia's new A321XLR offers enhanced comfort, a passenger's complaint about a malfunctioning seat on American Airlines raises concerns about service quality. These stories reflect ongoing challenges and innovations in the airline industry as of November 21, 2024.