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☆ Lufthansa's boss called delays to Boeing deliveries 'extremely annoying,' and it further highlights a growing dilemma for the aviation giant
▼ + stars: | 2024-05-13 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

The CEO of Europe's biggest airline called Boeing's delivery delays "extremely annoying." AdvertisementThe CEO of Lufthansa has become the second airline boss in recent days to voice his frustration with Boeing over delivery delays. In an interview with Swiss newspaper Neue Zuercher Zeitung published Saturday, Carsten Spohr was asked about the planemaker's delivery delays. In an interview with CNBC, Sheikh Ahmed bin Saeed Al Maktoum told Boeing to "get your act together." AdvertisementAfter announcing his resignation, Boeing CEO Dave Calhoun said the company needed to slow down production in order to focus on safety.

Persons: —, Carsten Spohr, Sheikh Ahmed bin Saeed Al Maktoum, Dave Calhoun, Al Maktoum's, Brendan Nelson, Spohr Organizations: Alaska Airlines, Boeing, Service, Lufthansa, Swiss, Neue Zuercher, Europe's, Emirates, CNBC, Boeing Global, Sky Arabia, Ryanair, United Airlines, Max, Airbus, Zuercher Zeitung, Business

☆ The boss of one of Boeing's biggest customers highlighted the tug-of-war between the planemaker's 2 top priorities: speed and safety
▼ + stars: | 2024-05-10 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Emirates CEO Sheikh Ahmed bin Saeed Al Maktoum criticized Boeing in a CNBC interview. AdvertisementBoeing is facing criticism from one of its biggest customers, as the CEO of Emirates told the planemaker to "get your act together," in an interview with CNBC. AdvertisementAl Maktoum told CNBC that his message for Boeing is: "Get your act together and just do it. An Emirates Boeing 777. Urbanandsport/NurPhoto via Getty ImagesWith 250 planes on order, Emirates is Boeing's biggest customer for widebody jets.

Persons: Sheikh Ahmed bin Saeed Al Maktoum, —, We're, it's, Al Maktoum, Max, Dave Calhoun, Al Maktoum's, It's, didn't, Scott Kirby Organizations: Boeing, CNBC, Service, Emirates, Business, Alaska Airlines, National Transportation Safety, Emirates Boeing, Getty, Airbus, United Airlines Locations: Emirates, Dubai

☆ Emirates' chairman has a message for Boeing: 'Get your act together'
▼ + stars: | 2024-05-07 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

With 245 passenger planes and five 778 freighters on order, Emirates is Boeing's largest customer in terms of wide-body jets. Emirates airlines Boeing 777-31H(ER) takes off from Los Angeles international Airport on January 13, 2021. Al Maktoum, who sits at the helm of the world's largest long-haul airline and helped launch it in 1985, echoed the sentiments of many other airline CEOs when it comes to expectations for Boeing. Asked if he had a message for the plane maker, Al Maktoum said: "I always say, you know, get your act together and just do it. The chairman did not indicate that Emirates would cancel the Boeing orders or move them to its French rival, Airbus .

Persons: We're, it's, Sheikh Ahmed bin Saeed Al Maktoum, CNBC's Dan Murphy, Bauer, Griffin, Al Maktoum Organizations: United Arab Emirates, Dubai's, Emirates, Arabian, Boeing, Los Angeles, Airport, Aaronp, CNBC, Airbus, Alaska Airlines Flight, National Transportation Safety Board, NTSB, Reuters Locations: DUBAI, United Arab, Dubai, Emirates, Los, Alaska, Portland , Oregon, U.S

☆ 'Get your act together,' Emirates chairman says on Boeing crisis
▼ + stars: | 2024-05-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Get your act together,' Emirates chairman says on Boeing crisisAhmed Al Maktoum, chairman of Emirates, discusses the company's outlook, geopolitical tensions and the Boeing crisis.

Persons: Ahmed Al Maktoum Organizations: Boeing, Emirates Locations: Emirates

☆ Dubai reveals massive plans for the world’s busiest airport
▼ + stars: | 2024-04-30 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +7 min

A mammoth airport in Saudi Arabia has already set records for size, but new plans in Dubai are ratcheting up the race to be the world’s busiest airport by passenger volume. Saudi Arabia’s King Fahd International Airport currently wears the crown as the largest airport in the world by area. “It will be five times the size of the current Dubai International Airport, and all operations at Dubai International Airport will be transferred to it in the coming years,” Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai, said Sunday when outlining Dubai Aviation Engineering Projects’ strategic plan. The other, Dubai International Airport, was just ranked the No. Dubai AirportsAt present, Dubai World Central’s primary role is as a center for aircraft maintenance, repair and overhaul – “MRO” in industry parlance.

Persons: Saudi Arabia’s King, Atlanta’s, Jackson’s, It’s, Al Maktoum, Markus Mainka, That’s, ” Sheikh Mohammed bin Rashid Al Maktoum, ”, Sheikh Mohammed bin Rashid Al Maktoum, X, Paul Griffiths, Abu Dhabi’s, Foster Organizations: CNN, Saudi, Saudi Arabia’s King Fahd International, King Fahd, Atlanta’s Hartsfield, Jackson, Al, Al Maktoum International, Dubai International Airport, Dubai International, Dubai Aviation Engineering, Emirates Cargo, UAE, Emirates, Dubai Airports, Hamad International Airport, Kuwait International, Partners, Sharjah International Airport, Air Locations: Gulf States, Saudi Arabia, Dubai, Bahrain, Hartsfield, Al Maktoum, Saudi, Qatar, Muscat , Oman, Gulf, Kuwait, British, Dubai’s, Sharjah

☆ Dubai's new airport will be five times the size of its current one and aims to be the largest in the world
▼ + stars: | 2024-04-30 | by ( Natasha Turak | ) www.cnbc.com time to read: +3 min

Digital render of the planned entrance of Dubai's Al Maktoum International Airport, set to be the biggest in the world upon completion. DUBAI, United Arab Emirates — Dubai's leadership approved a 128 billion dirham ($35 billion) plan to build a new passenger terminal at the emirate's Al Maktoum International Airport, which will make it five times bigger than Dubai's main international airport in terms of size — and the biggest in the world. For reference, Dubai International Airport in 2023 serviced 86.9 million passengers, the second-highest in the world after Atlanta's Hartsfield-Jackson International Airport in the U.S.All of the operations at Dubai International Airport, currently the second-busiest in the world by passenger traffic, will be transferred to it in the coming years, the statement said, adding that the new airport will have 400 aircraft gates and five parallel runways. An entirely new city will be built around the airport, which the Dubai ruler said will create demand for housing for a million people. Dubai will be the world's airport, its port, its urban hub, and its new global center."

Persons: Dubai's Al, United Arab Emirates —, Al, Sheikh Mohammed bin Rashid Al Maktoum, Atlanta's, Sheikh Maktoum, Sheikh Ahmed bin Saeed Al Maktoum, Al Maktoum Organizations: Dubai's Al Maktoum International Airport, United Arab Emirates, Al Maktoum International Airport, Al Maktoum International, Dubai International Airport, Atlanta's Hartsfield, Jackson International Airport, U.S, The Dubai Media Office, Dubai's, Emirates Airline, Dubai Locations: Dubai's, Dubai's Al Maktoum, DUBAI, United Arab, Al Maktoum, Dubai, UAE, @emirates

☆ Dubai is pumping $35 billion into building what it says will be the world's biggest airport
▼ + stars: | 2024-04-29 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Sheikh Mohammed bin Rashid Al Maktoum, the emirate's ruler, said the upgraded Al Maktoum International Airport will feature a capacity of 260 million passengers, the world's largest. "Dubai will be the world's airport, its port, its urban hub, and its new global center." Related storiesBy comparison, the world's busiest airport in 2023, the Hartfield-Jackson Atlanta International Airport, saw 104.6 million passengers that year. AdvertisementMost international flights now operate out of Dubai International Airport, which some 87 million passengers visited in 2023. The Al Maktoum International Airport, also known as Dubai World Central, was opened in 2010 with one terminal.

Persons: —, Sheikh Mohammed bin Rashid Al Maktoum, Sheikh Mohammed, Al Maktoum, Al Organizations: Dubai, Service, Al, Al Maktoum International, Jackson Atlanta International Airport, Dubai International Airport, Al Maktoum International Airport Locations: Dubai, Al Maktoum

☆ Dubai World Cup: How 82 racehorses traveled to one of the world’s biggest sporting events
▼ + stars: | 2024-04-02 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +8 min

The Dubai World Cup boasts $30.5 million in prizes, spread across nine races (including its namesake event, with an enormous $12 million purse), and attracts many of the world’s most elite equestrians. “This is a huge operation,” says John Nicholls, quarantine manager at Dubai Racing Club. “They get plenty of water, plenty of hay, and attention.”Emirates Skycargo has been transporting champion horses from across the world to the Dubai World Cup and Carnival races since 2002. Horses travel in air-conditioned stalls in the cargo bay of a plane, which can fit up to 25 stalls, with up to three horses in each. Horses walk to Meydan Racecourse from their quarantine stable for morning track work ahead of the Dubai World Cup.

Persons: CNN —, ”, John Nicholls, Nicholls, It’s, “, Emirates Skycargo, Sheikh Mohammed bin Rashid Al Maktoum, Nadeem Sultan, Suné Schäffler, that’s, Emirates SkyCargo, Rebecca Cairns, David Robson, Toto Wong, Hong Kong’s, Wong, Schäffler, “ they’re Organizations: CNN, Dubai, Dubai Racing Club, Emirates, Boeing, Business Class, Emirates Equine, Hong Kong Jockey Club, Hong Kong Locations: Emirates, Dubai, “, Equitrans, Al, Airport, city’s, Hong Kong

☆ Vertical farming: This GigaFarm in Dubai’s desert could produce 3 million kilograms of food
▼ + stars: | 2024-03-14 | by ( Rebecca Cairns | ) edition.cnn.com time to read: +9 min

CNN —In 2022, Dubai unveiled the world’s largest vertical farm. Intelligent Growth Solutions (IGS)“Not just another vertical farm”GigaFarm’s vertical farming solution is supplied by IGS, a Scottish company founded in 2013. “This is not just another vertical farm, this is something completely different,” says Lloyd, adding that the recycling model could be applied to any urban area. And it’s not just the UAE that’s interested in vertical farming: Qatar is investing heavily in smart farming, and agritech companies are expanding into Saudi Arabia. However, it will take another decade before we see widespread adoption of vertical farming, and more research is required to increase the number of crops that can be grown, Sharma adds.

Persons: Dubai’s Al, it’s, Oliver Christof, “, Andrew Lloyd, you’ve, ”, Lloyd, AeroFarms, Lloyd —, It’s, ReFarm, Rohit Sharma, Sharma Organizations: CNN, Dubai’s Al Maktoum International Airport, UAE, UN, IGS, University of Wollongong Locations: Dubai, Dubai’s, Dubai’s Al Maktoum, Tech, Scottish, Abu Dhabi, UAE, Ukraine, Russia, Carrefour, Qatar, Saudi Arabia, East, Africa

☆ Dubai wants to build the biggest airport in the world. Here’s how that’s going
▼ + stars: | 2024-02-29 | by ( Miquel Ros | ) edition.cnn.com time to read: +9 min

To put that in perspective, that’s nearly 63 million more travelers than the world’s current busiest airport, Hartsfield–Jackson Atlanta International, handled in 2022 and nearly 100 million more than Dubai International. philipus/Alamy Stock PhotoThe recent Dubai Air Show, held at a purpose-built venue at Al Maktoum International Airport in 2023, offered some intriguing hints about what’s ahead for DWC – and some insights into Dubai Airports’ long-term strategy. “We have prioritized expansion and investments at DXB to meet our customers’ requirements and plans,” Paul Griffiths, Dubai Airports CEO, tells CNN. Changing the business modelNew artist renderings haven't been released in a decade, but Dubai Airports CEO Paul Griffiths says the team will soon be working on ambitious new designs. It will have capacity for 185 million passengers per year, or almost seven times the number it handled in 2022.

Persons: Al Maktoum, it‘ll, that’s, Hartsfield –, let’s, DWC, ’ Al Maktoum, DWC –, ” Paul Griffiths, ”, Griffiths, ” Griffiths, “, haven't, Paul Griffiths, “ We’re, Mohammed bin Rashid, Nadine Itani, Abu Dhabi’s, Foster Organizations: CNN, Al, Al Maktoum International Airport, Dubai World, Dubai Airports, Dubai International, Al Maktoum International, Hartsfield, Hartsfield – Jackson Atlanta International, Emirates Cargo, UAE, ‘, ’ Al Maktoum International, Dubai Air, Dubai, AFP, Traveller, Emirates, University of Surrey, Hamad International Airport, Kuwait International, Partners, Sharjah International Airport, Air, Riyadh Air Locations: Budapest, Al Maktoum, Dubai, Dubai’s, Eastern Europe, Russia, Central Asia, Emirates, England, India, Middle, Europe, Qatar, Muscat , Oman, Bahrain, Gulf, Kuwait, British, Sharjah, Saudi Arabia, Riyadh, Saudi

Overall in 2023, the airport had 86.9 million passengers. The airport had 89.1 million passengers in 2018 — its busiest-ever year before the pandemic, while 66 million passengers passed through in 2022. Earlier in February, Dubai announced its best-ever tourism numbers, saying it hosted 17.15 million international overnight visitors in 2023. Dubai has a second airport, Al Maktoum International Airport at Dubai World Central, some 45 kilometers (28 miles) away in its far southern reaches. Dubai International Airport connects to 262 destinations in 104 countries worldwide via just over 100 international carriers.

Persons: —, Paul Griffiths Organizations: United Arab Emirates, Dubai International Airport, Emirates, Dubai Airports, Dubai, Al Maktoum International Airport, Qatar, Dubai International Locations: DUBAI, United Arab, Dubai, India, Saudi Arabia, United Kingdom, Pakistan, Russia, Ukraine, Burj, Al, Al Maktoum

☆ One country dominated clean energy growth this year, and it isn't the US, UK, or Germany. It's China, by a landslide.
▼ + stars: | 2023-12-27 | by ( Associated Press | ) www.businessinsider.com time to read: +11 min

In the United States, California continues to have the most solar energy, followed by Texas, Florida, North Carolina, and Arizona. China was one of the few growing markets this year for wind, the Global Wind Energy Council said. Faster permitting and other improvements in key markets such as Germany and India also helped add more wind energy. The top three markets this year are still China, the United States, and Germany for wind energy produced on land, and China, the United Kingdom, and Germany for offshore. The analysts are predicting that the global industry will rebound next year and make nearly 12% more wind energy available worldwide.

Persons: Mohammed bin Rashid Al Maktoum, Joshua A, Bickel, it's, Michael Taylor, IRENA, Karim Shahi, Rafiq Maqbool, Daniel Bresette, Bresette, Abigail Ross Hopper, Wood, Wood Mackenzie, Julia Nikhinson Construction, John Hensley, Seth Wenig, Hau Dinh, Evan Hartley, Paul Braun, John Eichberger, Daan Walter Organizations: Service, International Energy Agency, Business, IEA, United Arab Emirates, Climate, AP, International Renewable Energy Agency, Arizona . Workers, Energy Limited's, Energy, Environmental, Energy Study Institute, Solar Energy Industries Association, Global Energy Monitor, Wind Energy, Clean Power, Workers, Atlas Public, Benchmark Mineral Intelligence, Benchmark, University of Illinois, Panasonic, Toyota, Health, General Motors Co, LG Energy, Transportation Energy Institute, Rocky Mountain Institute Locations: Germany, Spain, Mohammed, Dubai, United, Bickel China, Europe, United States , California, Texas , Florida, North Carolina, Arizona, Karim, Khavda, Bhuj, India, Pakistan, Gujarat, China, Wood Mackenzie, Montauk Point , New York, Asia, United States, State, New London, Conn, United Kingdom, Hai Phong, Vietnam, Kansas, Ohio

U.S. Secretary of State Antony Blinken announced the visa restrictions and mentioned, among others, the marginalization of groups like the LGBT community in Uganda and civil society advocates in Zimbabwe. In June, the U.S. State Department imposed visa restrictions on Ugandan officials after the passage of the law. The State Department also previously put visa restrictions on Ugandan officials following the country's 2021 elections, which it called "flawed." Blinken also announced a new visa restriction policy for those he said were undermining democracy in Zimbabwe. "Anyone who undermines the democratic process in Zimbabwe - including in the lead-up to, during, and following Zimbabwe's August 2023 elections - may be found ineligible for U.S. visas under this policy," Blinken said.

Persons: Antony Blinken, SAUL LOEB, Blinken, Emmerson Mnangagwa, Kanishka Singh, Leslie Adler, Sandra Maler Organizations: Al, Al Maktoum International Airport, Rights, U.S . State, The State Department, Thomson Locations: Al Maktoum, Dubai, United States, Uganda, Zimbabwe . U.S, Zimbabwe, Washington

☆ Climate: The UAE is hosting the world’s biggest annual summit. It’s also planning a massive fossil fuel expansion
▼ + stars: | 2023-11-22 | by ( Angela Dewan | ) edition.cnn.com time to read: +14 min

The flurry of forest conservation deals with Zimbabwe, Zambia, Kenya, Liberia and Tanzania were announced in the months ahead of the annual United Nations’ COP28 climate summit, being hosted this year in December by the United Arab Emirates. The annual climate summit is where global leaders and negotiators from nearly 200 countries will convene to decide how and when to ramp down fossil fuel use. Its parent company, Global Carbon Investments, has already agreed to transfer $1.5 billion to Zimbabwe in “pre-financing for carbon credits.” That’s more than the country spends on education and childcare, which combined are Zimbabwe’s biggest national expense. Minimum Emissions” slogan is a viable climate solution, even as global temperatures soar and scientists press for rapid fossil fuel cuts. Ironically, COP28 could be the arena that transforms ADNOC into a global oil major.

Persons: CNN —, Sheikh Ahmed Dalmook Al Maktoum, —, Sultan Al Jaber —, Al Jaber, ”, Sultan Al Jaber, Callaghan O'Hare, Reuters Al Jaber, ADNOC, Jamie Henn, It’s, Henn, “, Philip Morris, ” Henn, Renat Heuberger, Zinyange Auntony, Julia Jones, ’ ” Justin Kenrick, ” Patrick Galey, “ ADNOC, COP28, Bethlehem Feleke Organizations: CNN, Carbon, United Nations, United, Blue, US Department of Commerce, Abu Dhabi National Oil Company, US, Reuters, Free Media, Climate Watch, UN, COP28, Global Carbon Investments, Mucheni conservancy, Getty, “, Bangor University, Peoples, Forest Peoples Programme, Shell, BP, Global, Energy Locations: Dubai, United Kingdom, Zimbabwe, Zambia, Kenya, Liberia, Tanzania, United Arab Emirates, UAE, Abu Dhabi, Houston, UN, COP28, Africa, “, Swiss, Mucheni, Binga, AFP, Wales, Azerbaijan, Nairobi

DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates said Thursday it will purchase 15 additional Airbus A350-900s worth $6 billion after a spat between the airline and the European manufacturer went unusually public during this week's Dubai Air Show. On Tuesday, Emirates President Tim Clark signaled the carrier would hold off on a major purchase of Airbus A350 aircraft over concerns about the Rolls-Royce Trent XWB-97 engines on the 350-1000. A statement issued by Emirates that also quoted Airbus did not mention the engine dispute, but the airline and the manufacturer notably did not hold a news conference at the Dubai Air Show to discuss the purchase. Airbus discontinued its iconic double-decker A380, which is one of the main workhorses of Emirates' fleet. “With this agreement, we mark another solid step forward in the long-standing relationship agreement between Emirates and Airbus,” Airbus Chief Commercial Officer Christian Scherer said in the statement.

Persons: —, Tim Clark, Royce Trent XWB, Royce, Sheikh Ahmed bin Saeed Al Maktoum, Christian Scherer Organizations: United Arab Emirates, Emirates, Airbus, Dubai Air Show, Boeing Co, Tuesday, ” Emirates, ”, Boeing Locations: DUBAI, United Arab, European, Emirates, Dubai

DUBAI, United Arab Emirates (AP) — Passenger numbers at Dubai International Airport this year will eclipse the pre-pandemic passenger figures in 2019, showing the strong rebound in travel after the coronavirus pandemic and lockdowns that grounded aircraft worldwide, a top official said Wednesday. The airport, the world's busiest for international travel and home of the long-haul carrier Emirates, has had 64.5 million passengers pass through its cavernous concourses through the third quarter of this year. That puts it on track to reach 86.8 million passengers for the full year, which would exceed its 2019 figure of 86.3 million passengers. Political Cartoons View All 1247 ImagesHartsfield-Jackson Atlanta International Airport remains the busiest passenger airport overall. Griffiths' announcement comes during the Dubai Air Show at Al Maktoum International Airport at Dubai World Central, the city-state’s second airfield some 45 kilometers (28 miles) away from Dubai International Airport.

Persons: “ We’re, Paul Griffiths, Griffiths, FlyDubai Organizations: United Arab Emirates, Dubai International Airport, Emirates, Dubai Airports, United Arab, Hartsfield, Jackson Atlanta International, Dubai Air, Al, Al Maktoum International Airport, Central, Dubai International, Qatar, Boeing Co, Boeing Locations: DUBAI, United Arab, Dubai, Dubai's, India, Emirates, East, West, Saudi Arabia, Pakistan, U.S, Russia, United Arab Emirates, Moscow, Ukraine, Al Maktoum

Emirates is a heavyweight when it comes to East-West travel out of Dubai International Airport, the world's busiest for international travel. In March, the airline announced an order of up to 72 Boeing 787-9 Dreamliner jetliners and has further plans to expand. Other purchases Tuesday included:— Emirates announced $1.2 billion in deals with French firm Safran, including for seats. — Emirates announced plans for a $950 million maintenance facility at Al Maktoum International Airport, the city-state's second airfield. — Boeing and SCAT Airlines of Kazakhstan announced the airline would purchase seven Boeing 737 MAX aircraft.

Persons: —, Tim Clark's, FlyDubai, Clark, ” Clark, — Rafael, ”, they’ve, “, Mesfin Tasew, Safran, — EgyptAir Organizations: United Arab Emirates, Emirates, Airbus, Royce, Dubai Air, Boeing Co, Boeing, Ethiopian Airlines, Al Maktoum International Airport, Rolls Royce, Associated Press . Emirates, Dubai International Airport, Ben Gurion International, Defense Systems Ltd, Israel Aerospace Industries, IAI, Courage Meets Technology, Riyadh Air, Dubai, United Nations, Aviation, SAF, Ethiopian, Boeing MAX, MAX, — Emirates, Al, Airlines Locations: DUBAI, United Arab, Al Maktoum, East, West, Dubai, Israel, Gaza, Emirates, Tel Aviv, Riyadh, Saudi, Saudi Arabia, Sydney, Australia, Addis Ababa, Kazakhstan

☆ Boeing wins orders worth $52 billion from Emirates at the Dubai Air Show
▼ + stars: | 2023-11-14 | by ( Associated Press | ) www.businessinsider.com time to read: +7 min

Emirates announced an order worth $52 million that includes 90 Boeing 777s at the Dubai Air Show . The orders marked a significant win for Boeing on the first day of the air show. AdvertisementAdvertisementDUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates opened the Dubai Air Show Monday with a $52 billion purchase of Boeing aircraft, showing how aviation has bounced back after the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday. The deal includes 28 Boeing 737-8s and 17 Boeing 737-10s models, as well as the opportunity for another 45 Boeing 737 MAX aircraft.

Persons: —, Sheikh Hamad bin Mohammed Al Maktoum, Sheikh Ahmed bin Saeed Al Maktoum, Sheikh Saeed, Stan Deal, — Rafael, Israel Aerospace Industries —, Rafael, Khalifa Hifter Organizations: Emirates, Boeing, Dubai Air, Service, United Arab Emirates, Investment Corporation of Dubai, Al, Dubai World, Dubai International Airport, U.S . Air Force, Defense Systems, Israel Aerospace Industries, IAI, Meets Technology, Russian Helicopters, U.S, Roscosmos, Russian Knights, Associated Press, Libyan National Army, AP, United, Haqqani, Airbus, International Air Transport Association ., . Emirates, Riyadh Air, Turkish Airlines, Anadolu, Lufthansa, MAX, Royal Jordanian, Royal Air Maroc Locations: DUBAI, United Arab, Dubai, Sheikh, Emirates, Israel, Ukraine, Iran, UAE, Abu Dhabi, Russian, Afghan, Al, Riyadh, Saudi, Latvia, France

[1/2] Boeing Commercial Airplanes CEO Stanley Deal poses with Emirates airline COO Adel Al Redha and flyDubai CEO Ghaith Al Ghaith after Emirates airline and flyDubai placed orders at the Dubai Airshow for new aircraft from Boeing, in Dubai, United Arab Emirates, November 13, 2023. "Together these orders represent significant investments that reflect Dubai's commitment to the future of aviation," said Emirates and flyDubai Chairman Sheikh Ahmed bin Saeed Al Maktoum. In New York, Boeing shares rose 4.4% after the orders, which also included 45 narrow-body 737 MAX for German-Turkish airline SunExpress. LOWER BOOKINGSOther significant orders appeared to be in the works without being played out in public in Dubai. Saudi Arabia's newest airline Riyadh Air said it is still in talks with planemakers to place an order for narrow-body jets.

Persons: Stanley Deal, Adel Al Redha, Ghaith Al, Alexander, flyDubai, Sheikh Ahmed bin Saeed Al Maktoum, Joe Biden, Xi Jinping, Steven F, planemakers, Asharq, there's, Daniel Silke, Rafael, Tim Hepher, Alexander Cornwell, Pesha Magid, Valerie Insinna, Hugh Lawson, Lisa Shumaker, Navaratnam, Sharon Singleton Organizations: Boeing Commercial, Emirates, Dubai Airshow, Boeing, United Arab Emirates, REUTERS, Companies, Airbus, Turkish Airlines Airbus, Dubai, Aviation, SunExpress, Bloomberg, Industry, Air Lease Corp, Reuters, Turkish Airlines, Anadolu, Dubai . Saudi Arabia's, Riyadh Air, Saudia Airlines Group, Saudia Airline, Royal, Cape, Consultancy, rearm, Russia, Israel Aerospace Industries, IAI, Rafael Advanced Defense Systems, Thomson Locations: Ghaith Al Ghaith, Dubai, United Arab, DUBAI, Government, Emirates, New York, Turkish, UAE, Qatar, Saudi Arabia, Turkey, India, Gulf, Dubai . Saudi, Riyadh, Israel, Gaza, Cape Town, United States, rearm Ukraine

☆ Emirates and flyDubai place Dubai Airshow jet orders
▼ + stars: | 2023-11-13 | by ( ) www.reuters.com time to read: +1 min

A Boeing 777-9, a variant of the 777X, performs a flying display at the 54th International Paris Airshow at Le Bourget Airport near Paris, France, June 20, 2023. REUTERS/Benoit Tessier/File photo Acquire Licensing RightsDUBAI, Nov 13 (Reuters) - Dubai's Emirates placed an order for 90 more Boeing (BA.N) 777X jets at the opening of the Dubai Airshow on Monday, including both variants of the future long-haul jet. The world's largest international carrier also added five more Boeing 787s to an existing order, saying the total package of new widebody jets was worth over $50 billion at list prices. The 777X order includes 55 of the 400-seat 777-9 variant and 35 of the smaller 777-8, he told a news conference. Sister airline flyDubai also weighed in at the start of the biennial event with an order for 30 Boeing 787-9 in its first order for wide-body jets.

Persons: Benoit Tessier, Sheikh Ahmed bin Saeed Al Maktoum, flyDubai, Alexander Cornwell, Tim Hepher Organizations: Boeing, Paris, REUTERS, Rights, Dubai's Emirates, Emirates, Thomson Locations: Le Bourget, Paris, France, Rights DUBAI, Dubai

DUBAI, United Arab Emirates (AP) — The biennial Dubai Air Show opened Monday as airlines are poised to make major aircraft purchases after rebounding from the groundings of the coronavirus pandemic, even as Israel's war with Hamas clouds regional security. That conflict, as well as Russia's war on Ukraine, likely will influence the five-day show at Al Maktoum Airport at Dubai World Central. It is the city-state's second airfield after Dubai International Airport, which is the world's busiest for international travel and home base for the long-haul carrier Emirates. Air traffic is now at 97% of pre-COVID levels, according to the International Air Transport Association. Emirates, a main economic engine for Dubai amid its booming real estate market, announced record half-year profits of $2.7 billion Thursday.

Persons: — Rafael, ”, Rafael, Tim Clark, “ We've, ” Clark, “ Organizations: United Arab Emirates, Dubai Air, Al, Dubai World, Dubai International Airport, Emirates, Defense Systems Ltd, Israel Aerospace Industries, IAI, Courage Meets Technology, Russian Helicopters, U.S, ROSCOSMOS, Global, Airbus, International Air Transport Association ., . Emirates, Bloomberg, Boeing, Riyadh Air, Turkish Airlines, Anadolu Locations: DUBAI, United Arab, Ukraine, Dubai, UAE, Israel, Abu Dhabi, Russian, Al, Riyadh, Saudi

☆ Emirates Group posts record half-year profit of $2.7 billion
▼ + stars: | 2023-11-09 | by ( Natasha Turak | ) www.cnbc.com time to read: +2 min

DUBAI, United Arab Emirates — Emirates Group posted its highest-ever half-year earnings, reporting net profit of 10.1 billion dirhams ($2.75 billion) for 2023-24 on rebounding demand. The figure eclipsed its half-year profit of the previous year — 4.2 billion dirhams — by 138%. Group revenue was 67.3 billion dirhams, up 20% from the previous year's six-month revenue figure. Emirates Group, the state-owned Dubai-based holding company of which Emirates Airline is a subsidiary, also reported a figure for earnings before interest, taxes, depreciation, and amortization (EBITDA) of 20.6 billion dirhams, up from 15.3 billion dirhams the same period last year. It reported its cash position at 42.7 billion dirhams.

Persons: Sheikh Ahmed bin Saeed al Maktoum, Al Maktoum Organizations: United Arab Emirates — Emirates Group, Emirates Group, Emirates, Emirates Airline, Group Locations: DUBAI, United Arab, Dubai

☆ UAE's total revenue rose 32% in 2022
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +1 min

DUBAI, Sept 18 (Reuters) - The United Arab Emirates (UAE) saw revenue increase 31.8% in revenue in 2022, its finance minister said on Sunday, supporting an overall fiscal surplus last year. One of the Gulf's most diversified economies, the UAE has been developing its non-oil sectors, focusing on areas such as trade, tourism, manufacturing and logistics and financial services. It gave no figure for the full-year fiscal surplus but in May the central bank said the surplus hit $46 billion in the first nine months of 2022, supported by strong oil and non-oil revenue growth as well as high oil prices. Growth in acquisitions of non-financial assets doubled, up 94.5% in 2022 on the year. ($1=3.6726 UAE dirham)Reporting by Rachna Uppal; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: WAM, Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, Rachna Uppal, Clarence Fernandez Organizations: United Arab Emirates, Thomson Locations: DUBAI, UAE

☆ Helicopter crashed into sea off Dubai, search for crew underway -UAE regulator
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: 1 min

DUBAI, Sept 8 (Reuters) - An AeroGulf helicopter crashed into the sea on Thursday evening and a search is underway for its crew of two pilots, UAE's General Aviation Authority said on Friday. The crash occurred off the coast of Dubai after the helicopter had taken off from Al Maktoum International Airport. One of the pilots of the Bell 212 helicopter is Egyptian and the other is South African, the aviation regulator said. "The search and rescue teams have recovered the wreckage, and the search is still underway for the plane's crew, and the air accident investigation team has moved to the site," the authority said. Reporting by Ahmed Elimam; Writing by Tala Ramadan; Editing by Jamie Freed and Tom HogueOur Standards: The Thomson Reuters Trust Principles.

Persons: Ahmed Elimam, Tala, Jamie Freed, Tom Hogue Organizations: UAE's General Aviation Authority, Al, Al Maktoum International Airport, Bell, Thomson Locations: DUBAI, Dubai, Al Maktoum

☆ Dubai's DEWA selects Abu Dhabi's Masdar to construct solar park
▼ + stars: | 2023-08-13 | by ( ) www.reuters.com time to read: 1 min

Saeed Al Tayer, Chief Executive Officer of Dubai Electricity and Water Authority (DEWA), speaks during the groundbreaking ceremony of the 4th phase of Mohammed bin Rashid Al Maktoum Solar Park, south of Dubai, United Arab Emirates March 19, 2018. Picture taken March 19, 2018. REUTERS/Satish Kumar/ File PhotoCompanies Dubai Electricity and Water Authority PJSC FollowDUBAI, Aug 13 (Reuters) - Dubai Electricity And Water Authority (DEWA) selected state-owned renewable energy firm Masdar to construct and manage the 1,800 MW sixth phase of the Mohammed bin Rashid Al Maktoum Solar Park with an estimated cost of up to 5.51 billion Emirati Dirhams, the Dubai media office said on Sunday. Reporting by Ahmed Elimam; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

Persons: Saeed Al Tayer, Mohammed bin Rashid Al Maktoum, Satish Kumar, Ahmed Elimam, Andrew Heavens Organizations: Dubai Electricity, Water Authority, United Arab Emirates, REUTERS, Companies Dubai Electricity, Water, Thomson Locations: DEWA, Dubai, United Arab, DUBAI

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