In a bid to improve its liquidity, Cebu Air Pacific has entered into an agreement with Avolon for four Airbus A330neo aircraft.
Switzerland asks ERA to update EU contract on the use of freight wagons
In the European Union, the use and maintenance of rail freight wagons is regulated by two directives, one from 2006 for their use and one from 2019 for their maintenance. The Swiss Federal Office of Transport (FOT) is asking the European Railway Agency (ERA) to make a clear statement for the revision of the oldest…
Russia to spend an additional trillion rubles on ‘Eastern Polygon’ lines
Russia will spend an additional one trillion rubles (10 billion euros) on the Trans-Siberian and Baikal-Amur railway lines. The extra financial injection is part of an infrastructure upgrade plan in Russia’s Far East. On 27 March, Russian Railways and the Russian transport ministry agreed on a framework for upgrades until 2035. The Russian transport ministry,…