The first Boeing Dreamliner 787 to land at Abu Dhabi International Airport sits on the tarmac. Photo courtesy Etihad Airways
The first Boeing Dreamliner 787 to land at Abu Dhabi International Airport sits on the tarmac. Photo courtesy Etihad Airways

Abu Dhabi welcomes Boeing Dreamliner 787



The plane described as a "game-changer" for the aviation industry touched down in Abu Dhabi for the first time last night.

Etihad Airways is set to become one of the biggest operators in the world of the Boeing Dreamliner 787.

Topping off a seven-month global tour with its arrival in the capital, the Dreamliner is the most fuel efficient plane of its type in the world and is set to become the most common aircraft in Etihad's fleet.

Abu Dhabi's flag carrier has 41 787s on order and has purchase options on 25 more.

The Dreamliner is 20 per cent more fuel efficient than other aircraft of its kind, making it an attractive option for global airlines struggling with high jet fuel prices and decreasing profitability.

"It can be considered a game-changer," said John Downey, the chief pilot for the Dreamliner at Etihad, which is due to take delivery of its first plane in October 2014. "By the end of the decade, fuel prices could have doubled and you might have to retire less efficient planes."

Etihad announced in December it would buy 12 more 787s, worth US$2.8 billion (Dh10.28bn), taking its total order to 41. Qatar Airways was one of the first buyers of the plane and is expected to take delivery of its first Dreamliner this month.

"This is our first stop in Abu Dhabi," said Lori Gunter, the head of communications for the Dreamliner. "Etihad is a very important client customer for us and this is our last stop on the tour."

The plane has visited Boeing suppliers and customers in more than 30 cities in the past seven months.

After a delay of three years, Al Nippon Airlines was the first carrier to receive a Dreamliner in October.

Ms Gunter said Boeing was producing three and a half planes per month at its two production lines in the United States and it hoped to increase that figure to 10 per month by the end of next year.

The Dreamliner is made of composite materials, such as carbon fibre and graphite, which make up 50 per cent of the weight of the plane.

It has windows that are 30 to 60 per cent larger than other planes and a ceiling that is more than six foot high in the cabin.

"It's going to be a very fuel efficient aircraft," said Mr Downey, who added the airline would look at exercising its options on more 787s in the future.

"We have a very new fleet at the moment, but in eight years time, we might be thinking that the aircraft are getting a little old."

The Dreamliner is the most successful aircraft in Boeing's history after 800 initial orders.

This year has been a strong one for the US manufacturer so far, which has pipped its main rival Airbus in both the number of planes delivered and ordered.

In the first quarter of this year, the Boeing secured 80 per cent of new aircraft orders, compared with 20 per cent for Airbus.

Last year, Airbus ended the year with 64 per cent of aircraft ordered, leaving Boeing with just 36 per cent.

Apart from 2006, Airbus has been leading Boeing on orders since 2001. During the past 15 years, the demand for air travel has doubled, according to figures compiled by the UN's International Civil Aviation Organization.

Etihad increased its equity stake in Virgin Australia Holdings to nearly 5 per cent, it said yesterday, following news that the Abu Dhabi carrier plans to seek a larger Asian footprint.

The airline had said on Tuesday it had paid $35.6 million through market purchases over the past few weeks for a 3.96 per cent holding in Australia's second-largest airline.

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The BaaS ecosystem

The BaaS value chain consists of four key players:

Consumers: End-users of the financial product delivered

Distributors: Also known as embedders, these are the firms that embed baking services directly into their existing customer journeys

Enablers: Usually Big Tech or FinTech companies that help embed financial services into third-party platforms

Providers: Financial institutions holding a banking licence and offering regulated products

How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

Omar Yabroudi's factfile

Born: October 20, 1989, Sharjah

Education: Bachelor of Science and Football, Liverpool John Moores University

2010: Accrington Stanley FC, internship

2010-2012: Crystal Palace, performance analyst with U-18 academy

2012-2015: Barnet FC, first-team performance analyst/head of recruitment

2015-2017: Nottingham Forest, head of recruitment

2018-present: Crystal Palace, player recruitment manager

 

 

 

 

New Zealand 15 British & Irish Lions 15

New Zealand 15
Tries: Laumape, J Barrett
Conversions: B Barrett
Penalties: B Barrett

British & Irish Lions 15
Penalties: Farrell (4), Daly

J Street Polling Results

97% of Jewish-Americans are concerned about the rise in anti-Semitism

76% of US Jewish voters believe Donald Trump and his allies in the Republican Party are responsible for a rise in anti-Semitism

74% of American Jews agreed that “Trump and the Maga movement are a threat to Jews in America"

Brief scores:

Toss: Kerala Knights, opted to fielf

Pakhtoons 109-5 (10 ov)

Fletcher 32; Lamichhane 3-17

Kerala Knights 110-2 (7.5 ov)

Morgan 46 not out, Stirling 40

THE BIO: Martin Van Almsick

Hometown: Cologne, Germany

Family: Wife Hanan Ahmed and their three children, Marrah (23), Tibijan (19), Amon (13)

Favourite dessert: Umm Ali with dark camel milk chocolate flakes

Favourite hobby: Football

Breakfast routine: a tall glass of camel milk

Company Profile

Company name: Cargoz
Date started: January 2022
Founders: Premlal Pullisserry and Lijo Antony
Based: Dubai
Number of staff: 30
Investment stage: Seed

COMPANY PROFILE

Company name: Almouneer
Started: 2017
Founders: Dr Noha Khater and Rania Kadry
Based: Egypt
Number of staff: 120
Investment: Bootstrapped, with support from Insead and Egyptian government, seed round of
$3.6 million led by Global Ventures

Scorebox

Dubai Sports City Eagles 7 Bahrain 88

Eagles

Try: Penalty

Bahrain

Tries: Gibson 2, Morete 2, Bishop 2, Bell 2, Behan, Fameitau, Sanson, Roberts, Bennett, Radley

Cons: Radley 4, Whittingham 5

COMPANY PROFILE

Company: Eco Way
Started: December 2023
Founder: Ivan Kroshnyi
Based: Dubai, UAE
Industry: Electric vehicles
Investors: Bootstrapped with undisclosed funding. Looking to raise funds from outside

COMPANY PROFILE

Name: Yango Deli Tech
Based: UAE
Launch year: 2022
Sector: Retail SaaS
Funding: Self funded

Building boom turning to bust as Turkey's economy slows

Deep in a provincial region of northwestern Turkey, it looks like a mirage - hundreds of luxury houses built in neat rows, their pointed towers somewhere between French chateau and Disney castle.

Meant to provide luxurious accommodations for foreign buyers, the houses are however standing empty in what is anything but a fairytale for their investors.

The ambitious development has been hit by regional turmoil as well as the slump in the Turkish construction industry - a key sector - as the country's economy heads towards what could be a hard landing in an intensifying downturn.

After a long period of solid growth, Turkey's economy contracted 1.1 per cent in the third quarter, and many economists expect it will enter into recession this year.

The country has been hit by high inflation and a currency crisis in August. The lira lost 28 per cent of its value against the dollar in 2018 and markets are still unconvinced by the readiness of the government under President Recep Tayyip Erdogan to tackle underlying economic issues.

The villas close to the town centre of Mudurnu in the Bolu region are intended to resemble European architecture and are part of the Sarot Group's Burj Al Babas project.

But the development of 732 villas and a shopping centre - which began in 2014 - is now in limbo as Sarot Group has sought bankruptcy protection.

It is one of hundreds of Turkish companies that have done so as they seek cover from creditors and to restructure their debts.

ABU DHABI CARD

5pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (Turf) 2,200m
5.30pm: Rub Al Khali – Maiden (PA) Dh80,000 (T) 1,400m
6pm: Al Marmoom Desert – Maiden (PA) Dh80,000 (T) 1,600m
6.30pm: Liwa Oasis – Handicap (PA) Dh80,000 (T) 1,400m
7pm: Al Khatim Desert – Handicap (PA) Dh80,000 (T) 1,600m
7.30pm: Al Quadra Desert – Handicap (TB) Dh80,000 (T) 1,600m

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

PREMIER LEAGUE RESULTS

Bournemouth 1 Manchester City 2
Watford 0 Brighton and Hove Albion 0
Newcastle United 3 West Ham United 0
Huddersfield Town 0 Southampton 0
Crystal Palace 0 Swansea City 2
Manchester United 2 Leicester City 0
West Bromwich Albion 1 Stoke City 1
Chelsea 2 Everton 0
Tottenham Hotspur 1 Burnley 1
Liverpool 4 Arsenal 0

Scores in brief:

Boost Defenders 205-5 in 20 overs
(Colin Ingram 84 not out, Cameron Delport 36, William Somerville 2-28)
bt Auckland Aces 170 for 5 in 20 overs
(Rob O’Donnell 67 not out, Kyle Abbott 3-21).

Company Profile

Company name: Namara
Started: June 2022
Founder: Mohammed Alnamara
Based: Dubai
Sector: Microfinance
Current number of staff: 16
Investment stage: Series A
Investors: Family offices

The specs: 2018 Maserati Ghibli

Price, base / as tested: Dh269,000 / Dh369,000

Engine: 3.0-litre twin-turbocharged V6

Transmission: Eight-speed automatic

Power: 355hp @ 5,500rpm

Torque: 500Nm @ 4,500rpm

Fuel economy, combined: 8.9L / 100km