financetom
Business
financetom
/
Business
/
US fines Air Canada over flights over prohibited Iraqi airspace
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
US fines Air Canada over flights over prohibited Iraqi airspace
Oct 3, 2024 12:05 AM

WASHINGTON, Sept 27 (Reuters) - The U.S. Department of

Transportation said Friday it had fined Air Canada ( ACDVF )

$250,000 for operating flights in 2022 and 2023 in prohibited

Iraqi airspace.

The agency had jurisdiction because those flights had United

Airlines' designator code. The violations occurred on

numerous flights between the United Arab Emirates and Toronto in

airspace that was prohibited by the Federal Aviation

Administration to U.S. operators.

Air Canada ( ACDVF ) must pay $125,000 of the fine and owes another

$125,000 if it violates the order again within a year. Air

Canada ( ACDVF ) stopped codesharing with United on the route in January

2023. Emirates was fined $1.5 million by the Transportation

Department in June for operating flights carrying JetBlue

Airways' ( JBLU ) code over Iraqi airspace.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Corvel Insider Sold Shares Worth $276,946, According to a Recent SEC Filing
Corvel Insider Sold Shares Worth $276,946, According to a Recent SEC Filing
May 29, 2024
02:31 PM EDT, 05/29/2024 (MT Newswires) -- Brandon O'Brien, Chief Financial Officer, on May 24, 2024, sold 1,000 shares in Corvel ( CRVL ) for $276,946. Following the Form 4 filing with the SEC, O'Brien has control over a total of 7,305 shares of the company, with 7,305 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/874866/000175449924000010/xslF345X03/edgardoc.xml Price: 242.73, Change: -11.16, Percent Change:...
Market Chatter: European Commission to Reportedly Postpone Chinese EV Tariff Decision
Market Chatter: European Commission to Reportedly Postpone Chinese EV Tariff Decision
May 29, 2024
02:38 PM EDT, 05/29/2024 (MT Newswires) -- The European Commission will postpone its decision on Chinese electric vehicle tariffs until after European Parliament elections on June 9, Reuters reported Wednesday, citing a source familiar with the matter. The tariffs were originally expected to be announced by June 5. (Market Chatter news is derived from conversations with market professionals globally. This...
BMO Reviews Scotiabank Q2
BMO Reviews Scotiabank Q2
May 29, 2024
02:41 PM EDT, 05/29/2024 (MT Newswires) -- Scotiabank reported an inline second-quarter result, notes BMO. Adjusted cash EPS of $1.58 compares with BMO/consensus estimates of $1.57/$1.56,with better markets-related results offsetting a larger drag from asset/liability positioning in Corporate/Other. Overall PCL ratio of 54bps was as expected. CET1 ratio +30bps q/q to 13.2% (without capital floor add-on; DRIP discount likely to...
Elon Musk could become policy adviser if Trump wins election, WSJ reports
Elon Musk could become policy adviser if Trump wins election, WSJ reports
May 29, 2024
WASHINGTON, May 29 (Reuters) - Donald Trump is considering tapping billionaire Elon Musk as a policy adviser if the Republican presidential candidate reclaims the White House in November's election, the Wall Street Journal reported on Wednesday, citing people familiar with the talks. The two have discussed ways for Musk, who runs the social media platform X as well as SpaceX...
Copyright 2023-2026 - www.financetom.com All Rights Reserved