Tag Archives: Transportation

Biden-Harris Administration Announces Funding for 162 Community-Led Infrastructure Projects as Part of the Investing in America Agenda | US Department of Transportation – Department of Transportation

  1. Biden-Harris Administration Announces Funding for 162 Community-Led Infrastructure Projects as Part of the Investing in America Agenda | US Department of Transportation Department of Transportation
  2. Biden administration announces funding for 3 Michigan projects Detroit Free Press
  3. Roads, bridges, trails, ports: White House awards $2.2B in transportation grants Pennsylvania Capital-Star
  4. VIDEO: Sec. Buttigieg, Rep. Clyburn to tout infrastructure projects in Orangeburg Live 5 News WCSC
  5. Biden admin awards $38M to Kansas infrastructure programs KSNT News
  6. View Full Coverage on Google News

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Biden-Harris Administration Announces Funding for 63 Projects in 32 States That Will Help Reduce Train-Vehicle Collisions and Blocked Rail Crossings in the U.S. | US Department of Transportation – Department of Transportation

  1. Biden-Harris Administration Announces Funding for 63 Projects in 32 States That Will Help Reduce Train-Vehicle Collisions and Blocked Rail Crossings in the U.S. | US Department of Transportation Department of Transportation
  2. Biden administration gives out $570 million in grants to eliminate railroad crossings across US Fox News
  3. Olathe’s 119th Street Extension bridge gets major federal funding FOX4 News Kansas City
  4. 400 railroad crossings will be upgraded or eliminated under new program The Washington Post
  5. U.S. invests $570 million to fix intersections where trains and cars meet WFAA
  6. View Full Coverage on Google News

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Biden-Harris Administration Announces More Than $700 Million in Grants to Replace Aging Passenger Railcars in Six Transit Systems | US Department of Transportation – Department of Transportation

  1. Biden-Harris Administration Announces More Than $700 Million in Grants to Replace Aging Passenger Railcars in Six Transit Systems | US Department of Transportation Department of Transportation
  2. UTA ‘delighted’ to receive $60M from feds to replace light rail vehicles KSL.com
  3. CTA is getting millions in federal cash for new trains Crain’s Chicago Business
  4. RTA wins $130 million federal grant to replace railcar fleet, starting with Red Line cleveland.com
  5. New MetroLink train cars coming to St. Louis region KTVI Fox 2 St. Louis
  6. View Full Coverage on Google News

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Biden Harris Administration Announces Nearly $1B in Bipartisan Infrastructure Law Airport Funding Awarded to Meet Surging Air Travel Demand | US Department of Transportation – Department of Transportation

  1. Biden Harris Administration Announces Nearly $1B in Bipartisan Infrastructure Law Airport Funding Awarded to Meet Surging Air Travel Demand | US Department of Transportation Department of Transportation
  2. U.S. awards nearly $1 billion to airports in infrastructure grants Reuters
  3. Salt Lake City airport expansion project gets cut of $1B in federal infrastructure funds KSL.com
  4. Memphis airport receives federal funding for expanded capacity Commercial Appeal
  5. ORF to receive over $5 million for airport infrastructure 13News Now
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Ford (F) earnings Q4 2022

Ford CEO Jim Farley takes off his mask at the Ford Built for America event at Fords Dearborn Truck Plant on September 17, 2020 in Dearborn, Michigan.

Nic Antaya | Getty Images

DETROIT – Ford Motor is set to report its fourth-quarter earnings after the bell Thursday. Here’s what Wall Street is expecting, according to Refinitiv consensus estimates:

  • Adjusted earnings per share: 62 cents
  • Automotive revenue: $40.37 billion

In October, Ford confirmed its prior full-year guidance of adjusted earnings before interest and taxes of between $11.5 billion and $12.5 billion. Through the first three quarters of the year, its brought in $7.9 billion, led by its North American operations.

If Ford meets or exceeds Wall Street’s top- and bottom-line expectations, EPS would more than double the 26 cents it reported for the same period a year earlier. Revenue would be an increase of 14.5% from the fourth quarter of 2021.

While investors will be monitoring the fourth-quarter results for signs of any waning consumer demand or profit dilution, Ford’s 2023 guidance is expected to be more of a focus.

Wall Street expects Ford’s full-year 2023 adjusted earnings per share outlook to mark a nearly 16% decline from 2022, according to Refinitiv estimates. That’s despite forecasting full-year revenue up 3.4% year over year to more than $151 billion, signaling lower operational profit compared with recent years.

Automakers have posted record or near-record results during the coronavirus pandemic amid a tight supply of new vehicles and resilient consumer demand. But that scenario is slowly normalizing, leaving new vehicle prices and profits in flux.

On Monday, Ford cut the price of its electric Mustang Mach-E, an early sign of a burgeoning EV price war spurred by Tesla.

Earlier Thursday, Ford reported January new vehicles sales that showed slight improvement over the same period last year.

There’s pressure on Ford to deliver a strong fourth quarter and relatively solid guidance. Crosstown rival General Motors on Tuesday significantly outperformed Wall Street’s expectations. The automaker also forecast stronger-than-expected 2023 results, including adjusted earnings before interest and taxes of $10.5 billion to $12.5 billion and adjusted earnings per share of between $6 and $7.

This is breaking news. Please check back for updates.

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Airbus Revives Order From Qatar Airways Following Paint-Dispute Settlement

LONDON—

Airbus

EADSY 2.36%

SE agreed to revive orders for close to 75 aircraft from Qatar Airways after reaching a settlement with the Middle East airline over a long-running dispute about chipping paint on its A350 wide-body models.

A spokesman for Airbus said it would now go ahead with delivering 50 A321 narrow-bodies and 23 remaining A350 twin-aisles previously ordered by Qatar.

The orders had been scrapped as part of an escalating, multibillion-dollar legal battle over the paint issue, which the airline had claimed could pose a safety concern. Airbus repeatedly denied the claims.

Airbus and Qatar Airways earlier Wednesday said in a joint statement that they had reached an “amicable and mutually agreeable settlement” in relation to the legal dispute. The companies didn’t disclose the details of the settlement other than to say the agreement didn’t amount to an admission of liability from either party. A program to repair the degradation on Qatar’s current fleet is under way, the companies added.

Qatar Airways had previously grounded 29 of its A350 jets and refused new deliveries over the issue, reducing its capacity amid a surge in travel to Doha for the 2022 FIFA World Cup. The airline has said the peeling paint was exposing the meshed copper foil that is designed to protect the aircraft from lightning strikes.

That led Qatar Airways to initiate legal proceedings against Airbus in London, in which the carrier had sought damages partly based on the impact on its operations from not being able to use the aircraft. A possible trial had been scheduled for later this year.

While the paint issue has also affected other A350s in service at other Airbus customers, only Qatar Airways had taken the step to unilaterally ground the aircraft. Airbus and the European Union Aviation Safety Agency, which oversees the Toulouse, France-based plane maker, have insisted that the issue is only cosmetic.

The situation had led to a broad fallout between Airbus and one of its biggest customers. In August, Airbus ended all new business with Qatar Airways, canceling contracts valued at more than $13 billion according to the latest available list prices and before the hefty discounts plane makers typically give to customers.

After Airbus canceled a deal to sell Qatar Airways 50 of its A321 jets, the Gulf carrier ordered up to 50 of rival

Boeing Co.

’s 737 MAX 10 single-aisle jets within two weeks. Qatar Airways had previously canceled most of an existing MAX order in 2020 after receiving five of the planes.

Airbus lawyers alleged that Qatar Airways had exaggerated concerns about the issue in an attempt to claim compensation and refuse delivery of aircraft that it didn’t need as the pandemic hit demand for air travel. The plane maker complained in court that the airline and its regulator, the Qatar Civil Aviation Authority, had failed to provide documentation that showed the technical justifications behind grounding the aircraft.

Qatar Airways has said it provided images of the damage, which it purported showed the scale of the issue and the potential safety risk.

Qatar Airways Chief Executive

Akbar Al Baker

has long had a reputation as a tough customer, publicly lashing out at both Airbus and Boeing when he perceives delivery or quality issues.

Write to Benjamin Katz at ben.katz@wsj.com

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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Wintry mix causes multiple crashes, closing area highways; no serious injuries reported

ST. LOUIS — Freezing rain caused multi-car traffic crashes on area highways Sunday night and early Monday.

Crash reports began coming in around 6 p.m., closing highways for hours and snarling traffic, according to the Missouri Department of Transportation.

Early Monday, police were seeing several vehicles sliding off slippery roads. 

No serious injuries have been reported.

• Check the latest local school and business closings

MoDOT said the roads at sunup were mostly or completely covered by the sleet and snow mix. “It’s like a sheet of ice,” one trooper said just before 8 a.m. Monday.

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One crash at 6:50 p.m. Sunday on westbound Interstate 64 near Maryville Centre Drive involved up to 30 cars, according to Jeff Jones, a reporter for the Belleville News Democrat who suffered minor injuries in the crash.

Westbound I-44 was closed near Route 100 in Franklin County at one point Sunday. In St. Louis County, westbound I-64 at Timberlake Manor Parkway, westbound I-270 at Route 367 and eastbound I-64 near I-270 saw closures.

The ramps connecting interstates 270 and 170 experienced shutdowns, as well as southbound I-170 near Airport Road.

“Do not, no matter what, under any circumstances, get on 40 west of 270,” Jones shared on Twitter. “The road is black ice.”

In St. Charles County, eastbound I-70 in St. Charles County was closed near Route K. Several other crashes also caused delays.

The National Weather Service placed the St. Louis area under a winter weather advisory from 6 p.m. Sunday to 9 a.m. Monday, as a cold front ushered in frigid temperatures.

The forecast was calling for a 60% chance of a light mix of snow, sleet, freezing rain and drizzle overnight that could cause roads to quickly become hazardous, especially on bridges and overpasses. Little to no accumulation is expected.

The work week will also start off with below-freezing temperatures. Highs Monday and Tuesday are expected to only reach 26 and 27 degrees. Lows will be in the teens, according the National Weather Service.

Monday night will see a 30% chance of snow, mainly before midnight.

Those in need of shelter or who see someone in need can call 211 to connect to available resources.

The St. Patrick Center last week opened a new 24-hour safe haven called Grace House in the city’s Old North neighborhood, according to the agency’s social media posts. Grace House will provide wrap-around services such as help with mental health and substance use disorders for those who may struggle in traditional shelters.

• Check the latest local school and business closings

Winter weather can bring cold temperatures, power failure, loss of communication services, and slick, icy roads. These are a few tips that can keep you safe.


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EV carmakers work to fit auto dealers into their future plans

Customers wearing protective masks looks at the interior of a vehicle for sale at a Ford Motor Co. dealership in Colma, California, Feb. 1, 2021.

David Paul Morris | Bloomberg | Getty Images

DETROIT — As automakers chase Tesla-like profits on new electric vehicles, they face an existential question: how best to bring franchised auto dealers along with them as they transition to EVs.

Some, such as General Motors, are asking luxury dealers to go all-in on EVs or get out of the business. Others like Ford Motor are offering dealers different “EV-certification” levels, while most other carmakers, or OEMs, know they need to change the sales process to fit the evolving industry, but are still try to figure out how to do it.

“I think we’re all building this airplane as we fly,” Michael Alford, president of the National Auto Dealers Association, a trade association that represents more than 16,000 U.S. new franchised dealers, told CNBC. “Depending on the OEM, the level of engagement or the intensity of the engagement varies.”

Automakers and franchised dealers have a complex relationship that is backed, in many states, by laws that make it difficult, if not illegal, to bypass franchised dealers and sell new vehicles directly to consumers. (Tesla and other newer EV startups have worked around such regulations to cut costs.)

Both automakers and franchised dealers want to maximize profits, but they’re separate businesses that heavily rely on one another to succeed. Dealers rely on automakers for product to fill and move off lots, and the carmakers in turn rely on dealers to sell and service vehicles as well as serve as concierges for customers. 

How that historical relationship fits into an all-electric future is expected to be at the forefront of discussions between automakers and dealers at the National Auto Dealers Association Show occurring through Sunday in Dallas. The event attracts thousands of franchise dealers annually to hear from their respective automotive brands.

For dealers — from mom-and-pop shops to large publicly traded chains — EVs will mean new employee training, infrastructure and substantial investments in their stores to be able to service, sell and charge the vehicles. Depending on the size of the dealer, those upgrades could easily cost hundreds of thousands, or millions, of dollars. Of course, they want to make sure their investments will pay off.

“The tone and tenor of this subject matter has evolved, and I think it’s very, very clear this year that our legacy OEMs absolutely realize that we are essential going forward,” said Alford, who runs Chevrolet and Cadillac dealerships in North Carolina.

Competing with Tesla

As more automakers introduce EVs, they’re rethinking the sales process, including selling new vehicles largely, if not fully, online. Tesla was among the first automakers to embrace online sales for a large portion of its business, though it still has physical dealerships, information sites and service shops.

A greater shift online may limit the role of dealers to strictly processing, maintenance and as delivery centers going forward and eliminate the need for large lots of cars that they then sell to consumers.

“By and large, the franchise system remains in place even for EVs by traditional automakers, although they all seem to be looking at ways to tweak it to be more competitive, so they say, with the Teslas of the world,” said Michelle Krebs, Cox Automotive executive analyst.

Automakers believe doing so will provide consumers a more streamlined and cohesive sales process, but they also consider the dealers to be their partners and to offer “strategic advantages” when it comes to other sales and maintenance issues.

A Tesla dealership in Colma, California, on Wednesday, Jan. 26, 2022.

David Paul Morris | Bloomberg | Getty Images

Honda Motor has said it plans to move more sales online, including 100% online sales for its luxury Acura brand for EVs. Mamadou Diallo, American Honda vice president of sales, said the plan is to facilitate the ordering process online, but with the vehicle being picked up or delivered by dealers. Those procedures are still being worked out, though, he said.

“We want to proceed with ensuring that we provide convenience with what customers are looking for, with no intention of bypassing our dealer body,” Mamadou said Tuesday during a media call.

Jay Vijayan, who assisted in building out Tesla’s digital and IT systems, doesn’t believe selling EVs exclusively online will pan out. He said a mix of sales points is best, which is why Tesla and newer EV startups are selling online as well as opening new showrooms and service centers.

Apple still opens new stores, right? And every company you think is going to go direct is also opening new stores in the automotive space,” said Vijayan, founder and CEO of Tekion, a cloud-based dealer service provider.

Wall Street analysts have largely viewed direct-to-consumer sales as a means to optimize profit. However, there have been growing pains for Tesla when it comes to servicing its vehicles.

Ford CEO Jim Farley has said he wants the automaker’s dealers to cut selling and distribution costs by $2,000 per vehicle to be competitive with Tesla’s direct-to-consumer model.

Automaker approaches

Ford is among the automakers receiving the most pushback from dealers for its EV push, which includes EV-certification tiers that could cost more than $1 million per store, depending on the size of the dealership.

The Detroit automaker is facing legal challenges to the certification program from dealers who argue that the plan violates franchise laws. A group of 27 dealerships in Illinois filed a protest with the state’s motor vehicle review board, and four dealers in New York filed suit against the automaker last month, according to Automotive News.

Ford dealer Marc McEver said he signed on for the highest EV-certification tier at his dealership near Kansas City, Kansas, but he worries about the cost and timing of the program.

“I think we’re all concerned that what they’re having us put in now, by the time we really get some vehicles, will be outdated and need to be upgraded or replaced,” McEver, who also owns a Lincoln dealership, said.

Aside from the investments, dealers who opt into selling Ford EVs will need to abide by five standards to stay within good standing: clear and nonnegotiable pricing; charging investment; employee training; and improved vehicle purchasing and ownership experience for customer, both digitally and in person.

Ford on Saturday plans to outline some changes to its EV-certification tiers, according to two people familiar with the plans. The changes, as first reported by Automotive News, would narrow the differences between the program’s two tiers. The bottom tier comes with lower capital investment but also a smaller allocation of EVs from Ford.

Ford, though, unlike archrival General Motors, is allowing dealers to opt out of selling EVs and continue to sell the company’s gas-powered cars.

GM has offered buyouts to its Buick and Cadillac dealers that don’t want to shell out to sell EVs. About 320 of Cadillac’s 880 retailers took buyouts. Buick’s buyouts are ongoing, according to a spokesman.

Toyota Motor, for its part, has no plans to overhaul its franchised dealership network as it invests in electrified vehicles, CEO Akio Toyoda told dealers to resounding applause in September.

“I know you are anxious about the future. I know you are worried about how this business will change. While I can’t predict the future, I can promise you this: You, me, us, this business, this franchised model is not going anywhere. It’s staying just as it is,” said Toyoda, who will step down as CEO to become chairman in April.

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Tesla’s price cuts could spur an EV pricing war

A Tesla showroom is seen in the City Center shopping center on January 17, 2023 in Washington, DC.

Anna Moneymaker | Getty Images

DETROIT — Tesla vehicles in the U.S. are seeing significant price cuts, and that’s proving to be a double-edged sword for the electric carmaker and the greater automotive industry.

Tesla earlier this month slashed prices of its new cars by as much as 20%, making the vehicles more affordable and likely eligible for federal tax credits. But it also tanks the resale values of cars for current owners and is sending ripple effects through the auto industry.

CEO Elon Musk hasn’t directly addressed the price cuts, which are counterintuitive to his claims that the company’s cars will be appreciating assets — a rarity for the market aside from classics and collectible vehicles.

Analysts say the price cuts suggest Tesla is prioritizing sales over profits, potentially signaling a demand problem.

“There’s demand weakening, and they want to improve their sales — or it’s a market share grab,” said Michelle Krebs, Cox Automotive executive analyst.

For the industry at large, Tesla’s price cuts put pressure on other automakers to offer more affordable EVs despite rising commodity costs, creates havoc for used vehicle retailers that will need to write down the vehicles and has Wall Street concerned about the first EV pricing war amid recessionary fears.

“Tesla’s price cuts make all other EVs and [internal combustion engine vehicles] look incrementally more expensive, is margin compressive and sends a chill across the used car market,” Morgan Stanley analyst Adam Jonas wrote in a Friday investor note.

Automakers change prices regularly on new vehicles. It’s typically done through incentives or when a new model year comes out. But the adjustments, upward or downward, are historically small to avoid upsetting the automotive ecosystem for both consumers and car dealers.

Musk foreshadowed such a move last month in predicting a recession later this year.

“Do you want to grow unit volume, in which case you have to adjust prices downward? Or do you want to grow at a lower rate, or go steady?” Musk said Dec. 22 during a Twitter Spaces conversation. “My bias would be to say let’s grow as fast as we can without putting the company at risk.”

Tesla is due to report fourth-quarter earnings Wednesday after market close.

Used prices

When the price of a new vehicle drops, the value of the used models also takes a hit. In the case of Tesla, some of the new models were going for almost the same price — just thousands of dollars off — as their used counterparts. That’s problematic for current owners as well as used vehicle retailers and Tesla, which sells used models directly to consumers.

In the first 17 days of January, Edmunds reports, used prices of 2020 model year or newer Teslas dropped to an average price of $58,657 — 24.5% off their June peak of $76,626.

Tesla’s stock performance over the past year.

Cars.com reports list prices for used vehicles on the consumer-shopping website declined 3.3% for the Model Y and Model 3 as owners attempt to hold the line on resell pricing despite cuts to the new vehicles.

“The Tesla price cuts will affect consumers quite differently depending on which side of the news they sit,” Ivan Drury, Edmunds’ director of insights, said.

On one hand, Tesla owners have complained to billionaire CEO and Twitter owner Musk on the social media platform that the price cuts devalue their vehicles. In China, where price cuts took effect earlier than in the U.S., protesters reportedly gathered at the automaker’s showrooms and distribution centers demanding rebates and credits.

Recent Tesla buyers who missed out on the fresh price cuts are petitioning Musk and the company to make them whole. They have sought free, premium driver-assistance upgrades, free Supercharging and other pluses to offset their higher price tags.

At the same time, Cars.com and Edmunds both report interest in and searches for Tesla vehicles have skyrocketed since the reductions.

CarMax, the nation’s largest seller of used vehicles, quickly sold hundreds of Teslas after realigning prices. It only had about 150 Tesla cars for sale as of Tuesday, down from hundreds before the company cut prices.

“We continuously adjust retail vehicle pricing in real time to match market conditions and offer competitive pricing,” CarMax Chief Operating Officer Joe Wilson said in an emailed statement. “As such, we adjusted pricing to respond to the market conditions related to new car price reductions and this has been received positively from consumers looking to purchase a used Tesla.”

Peer pressure

Wall Street analysts were largely positive on the cuts for Tesla as a boon for sales.

Tesla has enjoyed significantly higher profit margin on its EVs compared to traditional automakers. Its software and subscription offerings, including its advanced-driver assistance systems and in-vehicle Wi-Fi, could help cushion anticipated profit losses due to the recent price cuts, as could EV tax credits.

Plus, the price reductions pressure other automakers, or OEMS, to cut prices on their own EVs.

“Most OEMs are currently losing money on EVs, and these price cuts are likely to make business even more difficult, just as they are attempting to ramp production of EV offerings,” BofA Securities analyst John Murphy wrote to investors earlier this month.

Gerald Johnson, General Motors’ head of global manufacturing, said Tesla’s cuts don’t change the company’s manufacturing plan for electric vehicles. The automaker currently sells its sub-$30,000 Chevy Bolt EV models — among the most affordable in the industry — as well as higher-priced models on a new battery system.

“We believe we have an EV for every price bracket and every market segment that we’re rolling out here,” Johnson said Friday during an event in Flint, Michigan. He said Tesla’s price cuts signal that the vehicles “may have been overpriced to begin with.”

GM cut the prices of its Bolt models by thousands of dollars last year, only to recently raise them by hundreds of dollars, citing industry pricing pressures.

– CNBC’s Lora Kolodny and Michael Bloom contributed to this report.

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Nepal Plane Crash Kills at Least 68

A plane crashed into a river gorge in central Nepal on Sunday, killing at least 68 people and sending Nepalese authorities into a scramble to determine what brought the aircraft down.

The Yeti Airlines turboprop hit the gorge of the Seti River about a mile from its destination, Pokhara International Airport, according to Brig. Gen. Krishna Prasad Bhandari, the spokesman for the Nepalese army. Photos and TV footage showed black plumes of smoke and fire at the site, with crowds swarming around the wreckage.

Gen. Bhandari said that as of Sunday evening the rescue team had retrieved 68 bodies and that search operations had been suspended until Monday morning. There were 72 passengers aboard, including four crew members.

“It’s dark now and the crash site is a river gorge where it’s difficult to work at night,” he said.

Rescue teams worked to retrieve bodies at the crash site of a Yeti Airlines plane.



Photo:

Rohit Giri/REUTERS

The passenger list included 53 Nepalese, five Indians, four Russians, two South Koreans, and one each from Australia, Argentina, France and Ireland, Nepal’s civil aviation authority said. The names of all passengers were released by the aviation regulator on its Twitter account.

Tribhuban Poudel, a 37-year-old publisher and editor of a local newspaper in Pokhara, had been traveling home on the morning of the Nepali Hindu festival of Maghe Sankranti to celebrate with his family after attending a gathering of journalists in Kathmandu, according to his friend Manoj Basnet, a Kathmandu-based media executive.

“He had risen in his life through struggles and was ever available to help whoever he could, including his friends,” Mr. Basnet said. Mr. Poudel is survived by his mother, wife and a 3-year-old son.

The aviation authority said flight number YT-691 took off from the capital of Kathmandu at 10:32 a.m. local time for what is usually a 30-minute journey. The plane’s last communication with the Pokhara airport tower was at 10:50 a.m. from the Seti River gorge, and it crashed soon after.

A Yeti Airlines plane in Pokhara last year.



Photo:

NICOLAS ECONOMOU/REUTERS

Flightradar24, a flight-tracking site, said that the ATR 72-500 aircraft was 15 years old and equipped with an old transponder that had unreliable data. In a Twitter post, the website said that the transponder stopped transmitting position data at 10:50 a.m., and that the last signal from the transponder was received at 10:57 a.m.

The plane was made by aircraft manufacturer ATR, a joint venture between

Airbus SE

and

Leonardo

SpA.

Pokhara is a popular tourist destination, with many flocking to the lakeside city for hiking and yoga. Nepal relies heavily on revenue from tourists, with the industry making up about 6.7% of the country’s GDP, according to the World Bank. In 2019, the tourism industry supported over one million jobs in Nepal.

Nepalese Prime Minister

Pushpa Kamal Dahal

called an emergency cabinet meeting in the aftermath of the crash. The government has formed a five-member probe committee of retired government officials and air-safety experts to ascertain the cause of the crash and give recommendations to avoid such an incident the future, the Ministry of Culture, Tourism and Civil Aviation said. The probe committee will have 45 days to present its report.

Rescue workers sifted through the wreckage of the Yeti Airlines turboprop.



Photo:

yunish gurung/Agence France-Presse/Getty Images

Plane crashes in Nepal have occurred in recent years, with poor weather conditions sometimes being blamed. Nepal is home to eight of the world’s 14 highest mountain peaks, including Mount Everest.

Last May, a Tara Air flight carrying 22 people crashed into the Himalayan mountains, killing all aboard. The plane, which had departed from Pokhara, went down after swerving due to inclement weather, government officials said.

In 2018, a US-Bangla Airlines flight from the capital city of Bangladesh crash-landed and caught fire at Kathmandu Airport, killing 51 of the 71 people aboard. A government investigation blamed the crash on pilot error, saying that he was under severe emotional distress.

On Sunday Mr. Basnet recalled his last words with Mr. Poudel about two months back. “He asked me when I planned to visit Pokhara the next time,” Mr. Basnet said.

Mr. Poudel had helped Mr. Basnet with local contacts and business leads when he was trying to find his footing as a media professional in Pokhara about a decade ago, Mr. Basnet recalled. They hadn’t seen each other in a while, but Mr. Poudel told him he had been keeping up on Mr. Basnet’s posts on social media.

“You are doing really good in life. Continue doing good,” Mr. Basnet remembered his friend telling him.

Write to Krishna Pokharel at krishna.pokharel@wsj.com and Shan Li at shan.li@wsj.com

Copyright ©2022 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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