Connect with us

Business

As planes return to the sky, airline accidents increase

Published

on

The good news is that aviation is starting to return to normal, but the bad news is that aviation accidents have risen over the past year.

The number of commercial jet aircraft accidents rose in 2021 over the previous year, reflecting an increase in global flights.

It’s been a rocky few years for global aviation, battered by the pandemic and higher oil prices around the world.

There were 23 commercial jet aircraft accidents in 2021, according to the 53rd edition of Boeing’s annually updated report.

Read the full report here: Statistical Summary of Commercial Jet Airplane Accidents: Worldwide Operations: 1959-2021.

Only one accident was fatal – a Sriwijaya Air Boeing 737-500 that lost altitude shortly after take-off on 9 January 2021.

The aircraft took off and crashed into the ocean off the coast of Indonesia.

Six crew members and 56 passengers died and the aircraft was destroyed.

The global commercial jet fleet logged about 46.9 million flight hours in 2021, up 11% from 42.2 million hours in 2020, seen as the worst year of the pandemic.

There were 17 commercial jet accidents in 2020, three of which were fatal.

Four of the accidents in 2021 resulted in hull losses, meaning the aircraft was damaged beyond repair.

Declining number of accidents

The annual global rate of fatal accidents involving commercial jets has been less than 0.2 per one million flights over the past decade – down from an annual rate between roughly 0.4 and 0.8 the prior decade.

“Over the past 63 years, hull losses and onboard fatalities declined dramatically while the number of flights continued to increase,” the Boeing report says.

Ahron Young is an award winning journalist who has covered major news events around the world. Ahron is the Managing Editor and Founder of TICKER NEWS.

Continue Reading

Business

FirstCitizens agrees to buy Silicon Valley Bank

Published

on

FirstCitizens has agreed to buy Silicon Valley Bank in a multi-billion dollar deal

 
First Citizens BancShares has officially agreed to buy Silicon Valley Bank.

SVB was seized by regulators following a run on the lender.

First Citizens has now entered into a purchase and assumption agreement for all deposits and loans.

The deal includes the purchase of about $72 billion SVB assets at a discount of $16.5 billion.

The CEO of First Citizens says the deal “has been a remarkable transaction that should instil confidence in the banking system.”

Just two weeks ago, few people outside the tech industry had even heard of Silicon Valley Bank.

The midsize California lender imploded – shaking the foundations of the entire global financial system.

As clients withdrew $42 billion in the span of a single day, state and federal regulators were forced to swoop in and help. #trending #featured

Continue Reading

Business

Brace for impact: Passenger activates emergency slide on Delta flight

Published

on

Passenger activates emergency slide on a Delta Air flight bound for Seattle

 
A scary situation for those passengers onboard Delta Air Flight 1714 after a passenger activated one of the aircraft’s emergency slides.

An individual has been arrested after opening one of the plane’s doors and exiting via the emergency exit slide as the crew prepared for takeoff from Los Angeles to Seattle.

The incident on the Delta flight took place around 10:40 a.m. local time on Saturday, while the plane was stationary at LA’s international airport.

The Boeing 737 was on the runway holding to taxi for takeoff when the passenger exited the aircraft.

The individual was initially detained by Delta staff before being arrested by local law enforcement.

The Federal Aviation Administration says customers are being reaccommodated on a new aircraft – apologising for any inconvenience and delay. #trending #featured

Continue Reading

Business

Silicon Valley Bank could be saved as First Citizens swoops in

Published

on

First Citizens BancShares reportedly in talks to acquire Silicon Valley Bank following the collapse of the tech-heavy lender

First Citizens BancShares is in advanced talks to acquire Silicon Valley Bank following the collapse of the tech-heavy financial lender.

First Citizens could reach a deal before the day ends to purchase SVB from the Federal Deposit Insurance Corp.

Executives are yet to confirm or deny the reports.

Sources say no final decision has been made and talks could still fall through.

Of course, just a few weeks ago, few people outside the tech industry had even heard of Silicon Valley Bank.

The midsize California lender imploded – shaking the foundations of the entire global financial system.

As clients withdrew $42 billion in the span of a single day, state and federal regulators swooped in.

Continue Reading
Live Watch Ticker News Live
Advertisement

Trending Now

Copyright © 2023 The Ticker Company PTY LTD