Tony Douglas, group chief executive of Etihad Aviation Group, said the airline’s bookings for the winter season are improving after Abu Dhabi eased travel restrictions for vaccinated people. Photo: Victor Besa / The National
Tony Douglas, group chief executive of Etihad Aviation Group, said the airline’s bookings for the winter season are improving after Abu Dhabi eased travel restrictions for vaccinated people. Photo: Victor Besa / The National
Tony Douglas, group chief executive of Etihad Aviation Group, said the airline’s bookings for the winter season are improving after Abu Dhabi eased travel restrictions for vaccinated people. Photo: Victor Besa / The National
Tony Douglas, group chief executive of Etihad Aviation Group, said the airline’s bookings for the winter season are improving after Abu Dhabi eased travel restrictions for vaccinated people. Photo: Vi

Iata AGM: Etihad’s first A350 to join its sustainability test-bed programme, CEO says


Deena Kamel
  • English
  • Arabic

Etihad Airways will reveal its new Airbus A350 wide-body aircraft at Dubai Airshow next month and introduce the fuel-efficient jet to its sustainability test-bed programme, its chief executive said.

The airline will add the Airbus A350, jet-powered by Rolls-Royce XWB engines, to its sustainability programme, which currently uses its fleet of Boeing 787 Dreamliners, to focus on finding sustainable flight solutions, Tony Douglas, group chief executive of Etihad Aviation Group, told The National.

“We’re going to introduce it to our broader sustainability programme, so it won’t just be the Greenliner, it will be the Greenliner and the A350-1000 because we’ve got the world’s two most efficient aircraft,” he said. “This is going to be part of a far bigger commitment, to say that Abu Dhabi is a thought leader that actually speaks through its actions as opposed to talking a good talk or having no substance behind it.”

Since 2019, when the Greenliner programme began, Etihad and Boeing have operated several flights aboard the Boeing 787 Dreamliner jet focusing on plastic-free in-flight products, optimised airspace management, flight deck tools for more eco-friendly take-offs, noise reduction and the use of sustainable aviation fuel.

The airline took delivery of its first A350 three months ago and the engineering team is in the process of fitting out the cabin interior, Mr Douglas said.

The first A350 is scheduled to enter into service next year, but the exact date will depend on market conditions, he said.

“It’s to be determined because of Covid, that’s driven by network and demand,” he said. “It will be during 2022 ... it’s dependent on the market recovery and how many aircraft we put back in the sky.”

Mr Douglas was speaking at the International Air Transport Association’s annual general meeting in Boston on Tuesday, a day after the industry body committed to net-zero carbon emissions by 2050 to align the aviation sector’s climate change action to the 2015 Paris Agreement.

Etihad's modified Boeing 787 'Greenliner'. Courtesy: Etihad
Etihad's modified Boeing 787 'Greenliner'. Courtesy: Etihad

Almost two years before the Iata pledge, Etihad Airways had already committed to a target of zero net carbon emissions by 2050 and halving of its 2019 net emission levels by 2035.

“We have been quietly getting on with this,” Mr Douglas said.

The aviation industry executive called on global policymakers to encourage the aviation industry to undertake more sustainable solutions, such as controlled ascent and descent of aircraft, which saves flight time and tonnes of carbon emissions.

“The top of the list I’d be calling for is for policy setters, regulators and governments on a global level to put more effort into incentivising sustainable performance within aviation,” he said.

  • Etihad Airways plans to hire 1,000 cabin crew in a major recruitment drive. All photos: Etihad
    Etihad Airways plans to hire 1,000 cabin crew in a major recruitment drive. All photos: Etihad
  • The Abu Dhabi airline is scaling up operations on the back of a recovery in travel demand.
    The Abu Dhabi airline is scaling up operations on the back of a recovery in travel demand.
  • Over six weeks, starting on October 11, Etihad will hold recruitment days in 10 cities across the UAE, the Middle East and Europe.
    Over six weeks, starting on October 11, Etihad will hold recruitment days in 10 cities across the UAE, the Middle East and Europe.
  • An Etihad cabin crew member. As the appetite for travel recovers, demand for new staff in the aviation sector is on the rise.
    An Etihad cabin crew member. As the appetite for travel recovers, demand for new staff in the aviation sector is on the rise.
  • An Etihad cabin crew member serves customers in first class. The Abu Dhabi airline is scaling up operations on the back of a recovery in travel demand.
    An Etihad cabin crew member serves customers in first class. The Abu Dhabi airline is scaling up operations on the back of a recovery in travel demand.
  • Etihad Airways plans to hire 1,000 cabin crew in a major recruitment drive.
    Etihad Airways plans to hire 1,000 cabin crew in a major recruitment drive.
  • Etihad Airways plans to hire 1,000 cabin crew in a major recruitment drive.
    Etihad Airways plans to hire 1,000 cabin crew in a major recruitment drive.
  • The Abu Dhabi airline is scaling up operations on the back of a recovery in travel demand.
    The Abu Dhabi airline is scaling up operations on the back of a recovery in travel demand.

Etihad said it holds the world record on the longest flight operating on 50 per cent sustainable aviation fuel, on a journey from Charleston to Abu Dhabi. It operates the biggest fleet of the fuel-efficient 787 Dreamliners and is taking delivery of the first of its five A350s.

“We have got such a head start on everybody else, we’re way ahead in terms of the sustainability challenge of reducing carbon emissions by 2035 and more importantly zero [emissions] by 2050,” he said. “We already committed to that two years ago ... and, more importantly, we’ve got a fleet that supports that.”

The issue facing the aviation industry is that production of sustainable aviation fuels needs to be scaled up to higher levels that meet airlines’ demand and at more affordable prices, he said, echoing concerns raised by airline leaders during the three-day Iata meeting. These biofuels are three to four times more expensive than jet fuel.

Looking ahead, Mr Douglas said travel bookings for the winter season are looking “a lot better” after Abu Dhabi removed quarantine requirements for all vaccinated travellers from September 5.

“Our forward booking curve shot up the moment that was announced,” he said.

Etihad this week recorded its highest load factor – a measure of how well the airline fills available seats – in the past 18 months. Its load factor reached 50 per cent this week, up from 25 per cent six months ago, Mr Douglas said.

“It’s a big step in the right direction, but with an awful long way to go,” he said. “We’re quite confident, based on markets now becoming more accessible, that the winter booking curve is moving with real momentum.”

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Name: Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Men from Barca's class of 99

Crystal Palace - Frank de Boer

Everton - Ronald Koeman

Manchester City - Pep Guardiola

Manchester United - Jose Mourinho

Southampton - Mauricio Pellegrino

MATCH INFO

Rugby World Cup (all times UAE)

Final: England v South Africa, Saturday, 1pm

Zakat definitions

Zakat: an Arabic word meaning ‘to cleanse’ or ‘purification’.

Nisab: the minimum amount that a Muslim must have before being obliged to pay zakat. Traditionally, the nisab threshold was 87.48 grams of gold, or 612.36 grams of silver. The monetary value of the nisab therefore varies by current prices and currencies.

Zakat Al Mal: the ‘cleansing’ of wealth, as one of the five pillars of Islam; a spiritual duty for all Muslims meeting the ‘nisab’ wealth criteria in a lunar year, to pay 2.5 per cent of their wealth in alms to the deserving and needy.

Zakat Al Fitr: a donation to charity given during Ramadan, before Eid Al Fitr, in the form of food. Every adult Muslim who possesses food in excess of the needs of themselves and their family must pay two qadahs (an old measure just over 2 kilograms) of flour, wheat, barley or rice from each person in a household, as a minimum.

Without Remorse

Directed by: Stefano Sollima

Starring: Michael B Jordan

4/5

GAC GS8 Specs

Engine: 2.0-litre 4cyl turbo

Power: 248hp at 5,200rpm

Torque: 400Nm at 1,750-4,000rpm

Transmission: 8-speed auto

Fuel consumption: 9.1L/100km

On sale: Now

Price: From Dh149,900

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The specs

BMW M8 Competition Coupe

Engine 4.4-litre twin-turbo V8

Power 625hp at 6,000rpm

Torque 750Nm from 1,800-5,800rpm

Gearbox Eight-speed paddleshift auto

Acceleration 0-100kph in 3.2 sec

Top speed 305kph

Fuel economy, combined 10.6L / 100km

Price from Dh700,000 (estimate)

On sale Jan/Feb 2020
 

Springsteen: Deliver Me from Nowhere

Director: Scott Cooper

Starring: Jeremy Allen White, Odessa Young, Jeremy Strong

Rating: 4/5

While you're here
Indoor cricket in a nutshell

Indoor Cricket World Cup - Sep 16-20, Insportz, Dubai

16 Indoor cricket matches are 16 overs per side

8 There are eight players per team

There have been nine Indoor Cricket World Cups for men. Australia have won every one.

5 Five runs are deducted from the score when a wickets falls

Batsmen bat in pairs, facing four overs per partnership

Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.

Zones

A Front net, behind the striker and wicketkeeper: 0 runs

B Side nets, between the striker and halfway down the pitch: 1 run

Side nets between halfway and the bowlers end: 2 runs

Back net: 4 runs on the bounce, 6 runs on the full

Most F1 world titles

7 — Michael Schumacher (1994, ’95, 2000, ’01 ’02, ’03, ’04)

7 — Lewis Hamilton (2008, ’14,’15, ’17, ’18, ’19, ’20)

5 — Juan Manuel Fangio (1951, ’54, ’55, ’56, ’57)

4 — Alain Prost (1985, ’86, ’89, ’93)

4 — Sebastian Vettel (2010, ’11, ’12, ’13)

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

WHAT%20MACRO%20FACTORS%20ARE%20IMPACTING%20META%20TECH%20MARKETS%3F
%3Cp%3E%E2%80%A2%20Looming%20global%20slowdown%20and%20recession%20in%20key%20economies%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Russia-Ukraine%20war%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Interest%20rate%20hikes%20and%20the%20rising%20cost%20of%20debt%20servicing%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Oil%20price%20volatility%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Persisting%20inflationary%20pressures%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Exchange%20rate%20fluctuations%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20Shortage%20of%20labour%2Fskills%3C%2Fp%3E%0A%3Cp%3E%E2%80%A2%20A%20resurgence%20of%20Covid%3F%3C%2Fp%3E%0A
The%20specs
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Scores

Rajasthan Royals 160-8 (20 ov)

Kolkata Knight Riders 163-3 (18.5 ov)

Results:

CSIL 2-star 145cm One Round with Jump-Off

1.           Alice Debany Clero (USA) on Amareusa S 38.83 seconds

2.           Anikka Sande (NOR) For Cash 2 39.09

3.           Georgia Tame (GBR) Cash Up 39.42

4.           Nadia Taryam (UAE) Askaria 3 39.63

5.           Miriam Schneider (GER) Fidelius G 47.74

'The Predator'
Dir: Shane Black
Starring: Olivia Munn, Boyd Holbrook, Keegan-Michael Key
Two and a half stars

Our legal consultant

Name: Dr Hassan Mohsen Elhais

Position: legal consultant with Al Rowaad Advocates and Legal Consultants.

Dhadak 2

Director: Shazia Iqbal

Starring: Siddhant Chaturvedi, Triptii Dimri 

Rating: 1/5

Essentials

The flights
Emirates and Etihad fly direct from the UAE to Los Angeles, from Dh4,975 return, including taxes. The flight time is 16 hours. Alaska Airlines, United Airlines, Delta Air Lines, Aeromexico and Southwest all fly direct from Los Angeles to San Jose del Cabo from Dh1,243 return, including taxes. The flight time is two-and-a-half hours.

The trip
Lindblad Expeditions National Geographic’s eight-day Whales Wilderness itinerary costs from US$6,190 (Dh22,736) per person, twin share, including meals, accommodation and excursions, with departures in March and April 2018.

 

Scorline

Iraq 1-0 UAE

Iraq Hussein 28’

Updated: October 07, 2021, 2:35 PM