Business
Air India among airlines skipping US airports over 5G safety dispute
Air India joined at least nine other international airlines that have modified or cancelled flights to the US amid conflicting reports on what new 5G cell phone services can do to critical airplane technologies.
Carriers are taking a variety of approaches to the spiraling crisis. Air India, Emirates, All Nippon Airways, Japan Airlines, Lufthansa and British Airways have announced changes to some of their flights.
Air India said it would suspend the service between Delhi and San Francisco, Chicago and JFK as well as a Mumbai to Newark flight. It will continue to fly into Washington Dulles.
Both ANA and Japan Airlines said they cancelled some flights scheduled to use Boeing 777 aircraft, but will operate some flights using Boeing 787s instead.
Emirates suspended flights into Boston, Chicago O’Hare, Dallas Fort Worth, George Bush Intercontinental in Houston, Miami, Newark, Orlando, San Francisco and Seattle.A
Emirates continued flying into New York’s John F. Kennedy airport, Los Angeles International and Washington Dulles.
Lufthansa cancelled a flight between Frankfurt and Miami and said it would swap Boeing 747-8 aircraft for 747-400s on flights from Frankfurt to Los Angeles, Chicago and San Francisco.
CNN Business quoted a British Airways spokesman that the airline “had to make a handful of cancellations” because a decision by telecom operators to delay activating the new 5G service at some locations didn’t cover all the airports the airline serves.
Virgin Atlantic and Air France-KLM said they had not cancelled any flights but were monitoring the situation.
Delta Air Lines said it is planning for the possibility of weather-related cancellations as early as Wednesday due to the new 5G service in the vicinity of dozens of US airports.
US air transport regulator, Federal Aviation Administration (FAA), has been concerned that the version of 5G that was scheduled to be switched on could interfere with some airplane instruments. Some aviation industry groups shared those fears. This is despite reassurances from federal telecom regulators and well as wireless carriers.
Specifically, the FAA has been worried that 5G cellular antennas near some airports – not air mobile devices – could throw off readings from some aircraft equipment designed to tell pilots how far they are from the ground.
The systems, radar altimeters, are used throughout a flight and are considered critical. (Radar altimeters differ from standard altimeters, which rely on air pressure readings and do not use radio signals to gauge altitude.)
In December, the FAA had forbidden pilots from using the potentially affected altimeters around airports where low-visibility conditions would otherwise require them.
That new rule could keep planes from getting to some airports in certain circumstances, because pilots would be unable to land using instruments alone.
“We are frustrated by the FAA’s inability to do what nearly 40 countries have done, which is to safely deploy 5G technology without disrupting aviation services, and we urge it to do so in a timely manner,” an AT&T spokesperson said.
Earlier this week, mobile carriers AT&T and Verizon agreed to pause the rollout of the new high-speed 5G wireless service near major airports.
The Biden administration welcomed the halt, saying this “will avoid potentially devastating disruptions to passenger travel, cargo operations, and our economic recovery, while allowing more than 90 per cent of wireless tower deployment to occur as scheduled.”
“While this is a positive development toward preventing widespread disruptions to flight operations, some flight restrictions may remain,” Delta said.
In a Tuesday letter, CEOs from some airlines told the Biden administration to push back the already-delayed rollout.
Airlines estimate 1,000 flight disruptions per day because of possible interference with radar altimeters that pilots use to land in low visibility conditions.
The telecom industry has not commented on the CEOs letter, but has said fears are unfounded since there have not been problems in other countries where 5G is already deployed.
According to a service map by the Federal Communications Commission (FCC), areas in California, Florida, New England, Texas and the midwest will gain 5G coverage. But aviation groups warn that it could jeopardize some of the largest airports, including in Los Angeles, New York and Houston.
The 5G signals will travel over radio frequencies that are collectively known as the C-Band. This band of airwaves is attractive to wireless carriers because it offers a good balance between cellular range and capacity – two key features of any wireless network. (Other sets of airwaves besides the C-Band are also used to carry 5G, but the current debate focuses on just the C-Band frequencies.)
On the spectrum of radio frequencies used for wireless communications, the C-Band sits right next to the band of frequencies used by the aircraft altimeters. The two are intentionally separated by a so-called guard band – essentially “blank” airwaves – to safeguard against interference.
To further address any aircraft risks, Verizon and AT&T have offered in November to limit the power of their 5G antennas and to take other precautionary measures.
But that hasn’t been enough to allay the concerns of the FAA, whose 11th-hour order would have “an enormous negative impact on the aviation industry,” the CEOs of Boeing and Airbus wrote in a letter Monday to the Department of Transportation.
The CEOs added: “We agree that 5G interference could adversely affect the ability of aircraft to safely operate.”
The letter cites an estimate published by the industry group Airlines for America, which predicts the FAA restrictions will disrupt 345,000 passenger flights, 32 million passengers and 5,400 cargo flights. The FAA’s own order estimates that 6,800 US airplanes could be affected by the plan, along with 1,800 helicopters.
Technology experts say that while 5G antennas could theoretically lead to interference around airports, the potential for interference is an ever-present feature of all wireless communications – not just 5G – and that so far regulators around the world have done a good job of handling it.
Business
Crude oil prices fall up to 2 pc, head for steep weekly losses

New Delhi, June 26: Global crude oil prices fell sharply on Friday and were on track to post steep weekly losses as easing supply concerns in the Strait of Hormuz outweighed fresh geopolitical tensions following an attack on a cargo vessel near Oman.
International oil benchmark Brent crude futures fell $1.51 or 2 per cent, to $73.75 a barrel in early trade.
Similarly, US West Texas Intermediate (WTI) crude declined $1.50 or about 2 per cent to $70.42 a barrel.
Both benchmark contracts had gained more than 2 per cent in the previous session after a cargo vessel was struck by an unidentified projectile near Oman, prompting the United Nations’ shipping agency to suspend its voluntary evacuation programme.
According to media reports, two US officials said Iran had fired on the cargo vessel as it attempted to transit the Strait of Hormuz. Iranian authorities, however, said the security of ships sailing outside designated Hormuz routes could not be guaranteed.
Despite the latest security concerns, Brent and WTI were both headed for weekly losses of nearly 7 per cent as fears of supply disruptions eased following an improvement in tanker traffic through the Strait of Hormuz.
Crude shipments through the strategic waterway rose this week to their highest level since the US-Israel conflict with Iran began in February, after a ceasefire helped reopen the route. However, overall vessel traffic remained well below the pre-conflict average of around 125 ships per day.
The Indian basket of crude oil — a weighted average of Brent Dated, Oman and Dubai crude grades imported by domestic refiners — averaged $86.31 per barrel in June so far, after surging during the West Asia conflict. The basket had averaged $106.23 per barrel in May and $114.48 per barrel in April.
Global benchmark Brent crude, which had touched around $120 per barrel at the peak of the conflict, is now hovering near $74 per barrel.
Business
Stock markets remain closed on account of Muharram

Mumbai, June 26: Indian stock exchanges — the National Stock Exchange (NSE) and the BSE — remained closed on Friday on account of Muharram, with trading suspended across all equity market segments, including equity derivatives, currency derivatives, securities lending and borrowing (SLB).
Meanwhile, in the commodity segment, the Multi Commodity Exchange (MCX) remained closed during the morning session from 9 am to 5 pm.
Trading on the commodity exchange will resume in the evening session from 5 pm.
In addition, the National Commodity and Derivatives Exchange (NCDEX) — which primarily deals in agricultural commodities — remained closed for the entire day.
Following Friday’s Muharram holiday, the stock market will remain open for nearly three months before the next scheduled holiday on September 14 for Ganesh Chaturthi.
Thereafter, the bourses will remain closed on October 2 (Mahatma Gandhi Jayanti), October 20 (Dussehra), November 10 (Diwali-Balipratipada), November 24 (Prakash Gurpurb Sri Guru Nanak Dev) and December 25 (Christmas).
In the last session, the equity benchmarks ended their two-session winning streak on a positive note despite paring most of their intraday gains due to profit booking in IT and metal stocks.
Sensex settled over 100 points or 0.14 per cent higher at 77,100.47 after touching an intraday high of 77,803.18.
Similarly, Nifty ended higher, with an increase of 34.35 points or 0.14 per cent at 24,056.
Among Nifty constituents, Hindalco Industries, Power Grid, Bharti Airtel, ONGC, Infosys, NTPC, BEL, HCL Tech, HDFC Life, Asian Paints, Trent, Bajaj Finance, Bajaj Finserv, Tata Steel and Titan were top losers.
Moreover, the broader markets underperformed, with Nifty Midcap 100 and Nifty Smallcap 100 indices declining 0.5 per cent each.
As the holiday falls on a Friday, market participants will enjoy a three-day weekend, with trading set to resume on Monday, June 29.
Business
Indian markets open higher as crude oil prices hover near $70 mark

Mumbai, June 25: Indian stock markets opened higher on Thursday as crude oil prices eased towards the $70-per-barrel mark, with tankers resuming their exit from the Strait of Hormuz following an initial peace deal between the US and Iran.
Sensex started the session up 400 points or 0.52 per cent at 77,391.07, while Nifty opened at 24,125.85, gaining over 100 points or 0.43 per cent.
Most sectoral indices traded in positive territory, led by Nifty Realty and Nifty Auto, gained up to 1 per cent.
Nifty PSU Bank, Nifty IT, Nifty Pharma, Nifty Oil & Gas, Nifty FMCG and Nifty Private Bank indices also advanced.
However, Nifty Metal was the lone major sectoral loser, declining 0.56 per cent.
From the Nifty pack, Hindalco Industries, Eternal, Bharat Electronics, Power Grid Corporation, ONGC, Infosys, Titan, Tata Steel, JSW Steel, ITC, Asian Paints and Coal India were among the top losers in early trade.
Category-wise, Nifty Microcap 250 gained 0.87 per cent, Nifty Midcap 100 rose 0.63 per cent, Nifty Midcap 50 advanced 0.61 per cent, and Nifty Smallcap 500 climbed 0.59 per cent.
Meanwhile, India VIX — the market’s fear gauge — slipped nearly 3 per cent to 13, indicating easing volatility.
According to analysts, the technical undertone remains positive as long as the Nifty sustains above the 24,000 mark. Immediate support is placed at 23,900, followed by the 23,790-23,750 zone if profit-booking intensifies.
“On the upside, the 24,090-24,150 zone remains the key resistance area, and a decisive breakout above this supply zone could trigger fresh short-covering, paving the way for a move towards 24,300,” they said.
Analysts further noted that supportive global cues and lower crude oil prices favour further gains, although traders should remain watchful of expiry-related volatility and evolving global monetary policy expectations.
Meanwhile, international benchmark Brent crude declined about 2 per cent to around $72 a barrel. Similarly, US West Texas Intermediate (WTI) crude fell 1.83 per cent to trade below the $70-per-barrel mark.
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