Update 2: The Nordic budget airline Primera Air has agreed to buy eight of Boeing's new 737 Max aircraft for more than US$950 million at list prices, and has an option to buy an additional four planes, the companies said on Thursday.
Primera said it wanted the new planes as it plans to start offering transatlantic flights, the latest low-cost European carrier to do so after Norwegian Air, Eurowings and British Airways’ Level.
The order also includes the sale of another eight 737 Max planes to Air Lease Corp, which will lease them in turn to Primera – bringing the total order to 20 planes. The companies did not disclose the value of the total order.
Update 1: The head of Safran's aircraft engines division said his company aimed to fix the Boeing plane engine glitch within weeks.
Safran discovered a quality problem in turbine disks provided by one of two suppliers, and it is not related to the part’s design, said the Safran Aircraft Engines chief executive Olivier Andries.
“There will be a temporary disruption to the logistics which we hope to fix within a few weeks,” said Mr Andries, speaking at a factory outside Paris where it co-produces the engines with General Electric.
Safran will fly part of the engines it has already delivered to Boeing back from the United States to its French factory, inspect them and return them to Boeing. It will take about a week for each engine and Safran is putting in place resources to handle several at once, Mr Andries said.
Boeing said it would temporarily suspend flights of its new 737 Max jetliner because of a potential manufacturing flaw in the engines, marring the commercial debut for the fastest-selling plane in company history.
The jet maker and its engine supplier, a venture of General Electric and Safran, are rushing to understand the problem ahead of the jet’s commercial debut, which remains scheduled for later this month. Boeing said a possible quality defect in the Leap engine arose during inspections and did not affect flight testing of the upgraded 737.
The grounding added to concerns about the strain on suppliers as the US manufacturer and European rival Airbus unveil new aircraft models while boosting single-aisle production to record levels. Boeing is counting on a smooth roll-out of the 737 Max, the newest version of a plane that is the company’s largest source of profit, as it seeks to boost cash flow.
“Investors are acutely focused on 737 Max ramp risk – and the impact on cash,” said Robert Stallard, an analyst at Vertical Research Partners, said in a note to clients.
Boeing fell 1.2 per cent to $183.18 at the close in New York. GE dropped 0.8 per cent to $28.70.
The 737 Max has accumulated 3,714 orders before its commercial debut. The latest 737 model is slated to be handed over this month to Indonesia’s Malindo Air. Other major customers with deliveries this year include Southwest Airlines, Norwegian Air Shuttle and American Airlines Group.
Airbus said it is continuing normal flight operations on aircraft powered by Leap engines as the European plane maker uses a different version of the engine from those supplied to Boeing.
Asked whether Airbus continued to carry out development test flights and pre-delivery test flights on A320neo-family aircraft powered by the Leap-1A engine, made by GE-Safran venture CFM International, a spokesman for the jet maker said: “Yes we are”.
GE said Safran had found the problem in a disc used in the low-pressure turbine at the rear of the Leap-1B engine used by Boeing. Safran was not immediately available for comment.
* Agencies
business@thenational.ae
Follow The National's Business section on Twitter
Company%20Profile
%3Cp%3ECompany%20name%3A%20EduPloyment%3Cbr%3EDate%20started%3A%20March%202020%3Cbr%3ECo-Founders%3A%20Mazen%20Omair%20and%20Rana%20Batterjee%3Cbr%3EBase%3A%20Dubai%2C%20UAE%3Cbr%3ESector%3A%20Recruitment%3Cbr%3ESize%3A%2030%20employees%3Cbr%3EInvestment%20stage%3A%20Pre-Seed%3Cbr%3EInvestors%3A%20Angel%20investors%20(investment%20amount%20undisclosed)%3C%2Fp%3E%0A
THE BIO
Favourite place to go to in the UAE: The desert sand dunes, just after some rain
Who inspires you: Anybody with new and smart ideas, challenging questions, an open mind and a positive attitude
Where would you like to retire: Most probably in my home country, Hungary, but with frequent returns to the UAE
Favorite book: A book by Transilvanian author, Albert Wass, entitled ‘Sword and Reap’ (Kard es Kasza) - not really known internationally
Favourite subjects in school: Mathematics and science
Fixtures
Wednesday
4.15pm: Japan v Spain (Group A)
5.30pm: UAE v Italy (Group A)
6.45pm: Russia v Mexico (Group B)
8pm: Iran v Egypt (Group B)
Manchester United v Liverpool
Premier League, kick off 7.30pm (UAE)
The bio
Who inspires you?
I am in awe of the remarkable women in the Arab region, both big and small, pushing boundaries and becoming role models for generations. Emily Nasrallah was a writer, journalist, teacher and women’s rights activist
How do you relax?
Yoga relaxes me and helps me relieve tension, especially now when we’re practically chained to laptops and desks. I enjoy learning more about music and the history of famous music bands and genres.
What is favourite book?
The Perks of Being a Wallflower - I think I've read it more than 7 times
What is your favourite Arabic film?
Hala2 Lawen (Translation: Where Do We Go Now?) by Nadine Labaki
What is favourite English film?
Mamma Mia
Best piece of advice to someone looking for a career at Google?
If you’re interested in a career at Google, deep dive into the different career paths and pinpoint the space you want to join. When you know your space, you’re likely to identify the skills you need to develop.
TV (UAE time);
OSN Sports: from 10am
If you go
- The nearest international airport to the start of the Chuysky Trakt is in Novosibirsk. Emirates (www.emirates.com) offer codeshare flights with S7 Airlines (www.s7.ru) via Moscow for US$5,300 (Dh19,467) return including taxes. Cheaper flights are available on Flydubai and Air Astana or Aeroflot combination, flying via Astana in Kazakhstan or Moscow. Economy class tickets are available for US$650 (Dh2,400).
- The Double Tree by Hilton in Novosibirsk ( 7 383 2230100,) has double rooms from US$60 (Dh220). You can rent cabins at camp grounds or rooms in guesthouses in the towns for around US$25 (Dh90).
- The transport Minibuses run along the Chuysky Trakt but if you want to stop for sightseeing, hire a taxi from Gorno-Altaisk for about US$100 (Dh360) a day. Take a Russian phrasebook or download a translation app. Tour companies such as Altair-Tour ( 7 383 2125115 ) offer hiking and adventure packages.
if you go
The flights
Emirates fly direct from Dubai to Houston, Texas, where United have direct flights to Managua. Alternatively, from October, Iberia will offer connections from Madrid, which can be reached by both Etihad from Abu Dhabi and Emirates from Dubai.
The trip
Geodyssey’s (Geodyssey.co.uk) 15-night Nicaragua Odyssey visits the colonial cities of Leon and Granada, lively country villages, the lake island of Ometepe and a stunning array of landscapes, with wildlife, history, creative crafts and more. From Dh18,500 per person, based on two sharing, including transfers and tours but excluding international flights. For more information, visit visitnicaragua.us.
RESULTS
5pm: Maiden (PA) Dh 80,000 (Turf) 1,200m
Winner: AF Majalis, Tadhg O’Shea (jockey), Ernst Oertel (trainer).
5.30pm: Maiden (PA) Dh 80,000 (T) 1,400m
Winner: Sawt Assalam, Szczepan Mazur, Ibrahim Al Hadhrami.
6pm: Maiden (PA) Dh 80,000 (T) 1,400m
Winner: Foah, Fabrice Veron, Eric Lemartinel.
6.30pm: Wathba Stallions Cup Handicap (PA) Dh 70,000 (T) 1,400m
Winner: Faiza, Sandro Paiva, Ali Rashid Al Raihe.
7pm: Handicap (PA) Dh 80,000 (T) 1,600m
Winner: RB Dixie Honor, Antonio Fresu, Helal Al Alawi.
7.30pm: Rated Conditions (TB) Dh 100,000 (T) 1,600m
Winner: Boerhan, Ryan Curatolo, Nicholas Bachalard.
If you go
The flights
Return flights from Dubai to Santiago, via Sao Paolo cost from Dh5,295 with Emirates.
The trip
A five-day trip (not including two days of flight travel) was split between Santiago and in Puerto Varas, with more time spent in the later where excursions were organised by TurisTour.
When to go
The summer months, from December to February are best though there is beauty in each season
LA LIGA FIXTURES
Saturday (All UAE kick-off times)
Valencia v Atletico Madrid (midnight)
Mallorca v Alaves (4pm)
Barcelona v Getafe (7pm)
Villarreal v Levante (9.30pm)
Sunday
Granada v Real Volladolid (midnight)
Sevilla v Espanyol (3pm)
Leganes v Real Betis (5pm)
Eibar v Real Sociedad (7pm)
Athletic Bilbao v Osasuna (9.30pm)
Monday
Real Madrid v Celta Vigo (midnight)
The biog
Name: James Mullan
Nationality: Irish
Family: Wife, Pom; and daughters Kate, 18, and Ciara, 13, who attend Jumeirah English Speaking School (JESS)
Favourite book or author: “That’s a really difficult question. I’m a big fan of Donna Tartt, The Secret History. I’d recommend that, go and have a read of that.”
Dream: “It would be to continue to have fun and to work with really interesting people, which I have been very fortunate to do for a lot of my life. I just enjoy working with very smart, fun people.”
Europe’s rearming plan
- Suspend strict budget rules to allow member countries to step up defence spending
- Create new "instrument" providing €150 billion of loans to member countries for defence investment
- Use the existing EU budget to direct more funds towards defence-related investment
- Engage the bloc's European Investment Bank to drop limits on lending to defence firms
- Create a savings and investments union to help companies access capital
'How To Build A Boat'
Jonathan Gornall, Simon & Schuster
Super Rugby play-offs
Quarter-finals
- Hurricanes 35, ACT 16
- Crusaders 17, Highlanders 0
- Lions 23, Sharks 21
- Chiefs 17, Stormers 11
Semi-finals
Saturday, July 29
- Crusaders v Chiefs, 12.35pm (UAE)
- Lions v Hurricanes, 4.30pm
A State of Passion
Directors: Carol Mansour and Muna Khalidi
Stars: Dr Ghassan Abu-Sittah
Rating: 4/5