Emirates, the largest customer of the Airbus A380, plans to reinstate more of its double-deckers by the end of 2021 and expects continued growth in the second half of its fiscal year, the airline's chairman said.
The airline will return more than 60 of its A380s to the skies, up from 47 superjumbos currently in operation, Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates airline and group, said at a media briefing at the Dubai Airshow on Monday.
Emirates has gradually been restoring its fleet of 118 superjumbos that was grounded last year by the Covid-19 pandemic.
The airline recorded operating profit in October for the first time since the onset of the pandemic amid a rebound in passenger travel demand and a strong performance from its freight business.
October was a “positive month for Emirates, it was better than expected and I see that is going to continue”, Sheikh Ahmed said.
Emirates has been engaged in “positive” talks with Boeing regarding the delivery time and supply chain for the 777X programme, Sheikh Ahmed said.
“It is positive, it is good, maybe there are certain things I cannot really say at the moment because still we are in that process,” he said. “But I can say it is positive. We [will] focus on the programme delivery.”
Asked whether the airline would also consider a proposed freighter version of the 777X, Sheikh Ahmed declined to comment as discussions with the US plane manufacturer are ongoing.
Emirates also has Airbus A350s on order and Sheikh Ahmed did not rule out potential interest in Airbus's new A350 freighter version.
“Why not? We are looking at all options for the airline,” he said.
Dubai AirShow 2021 Day 2 — in pictures
Cargo constitutes about 30 per cent of Emirates' total revenue and the airline has a large capacity in the belly hold of its all-wide-body fleet.
When asked whether the airline would consider expediting its A350 deliveries if uncertainty persists around the 777X delivery dates, Sheikh Ahmed said Emirates has been in discussions with Airbus regarding its A350 order.
“We've been in good, positive meetings with Boeing on the 777X programme and to be sure on the delivery date and also on the Airbus today with A350. So, we would be talking about what we can expedite. We have many scenarios [to look at]," he said, without elaborating.
Upon being asked if state-owned Emirates could be among the 10 government entities that Dubai plans to list on its bourse, Sheikh Ahmed said: “We have successful businesses within the group that can be [listed].
“We are one of the companies that are owned by the government of Dubai, which announced Dewa and Salik will be the first in the programme. I am sure that the committee headed by Sheikh Maktoum [bin Mohammed, Deputy Prime Minister and Minister of Finance] would be announcing that in the [coming] days and weeks, so they would be the right people to answer which company.”
The Birkin bag is made by Hermès.
It is named after actress and singer Jane Birkin
Noone from Hermès will go on record to say how much a new Birkin costs, how long one would have to wait to get one, and how many bags are actually made each year.
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
The years Ramadan fell in May
MOUNTAINHEAD REVIEW
Starring: Ramy Youssef, Steve Carell, Jason Schwartzman
Director: Jesse Armstrong
Rating: 3.5/5
Scoreline
UAE 2-1 Saudi Arabia
UAE Mabkhout 21’, Khalil 59’
Saudi Al Abed (pen) 20’
Man of the match Ahmed Khalil (UAE)
Financial considerations before buying a property
Buyers should try to pay as much in cash as possible for a property, limiting the mortgage value to as little as they can afford. This means they not only pay less in interest but their monthly costs are also reduced. Ideally, the monthly mortgage payment should not exceed 20 per cent of the purchaser’s total household income, says Carol Glynn, founder of Conscious Finance Coaching.
“If it’s a rental property, plan for the property to have periods when it does not have a tenant. Ensure you have enough cash set aside to pay the mortgage and other costs during these periods, ideally at least six months,” she says.
Also, shop around for the best mortgage interest rate. Understand the terms and conditions, especially what happens after any introductory periods, Ms Glynn adds.
Using a good mortgage broker is worth the investment to obtain the best rate available for a buyer’s needs and circumstances. A good mortgage broker will help the buyer understand the terms and conditions of the mortgage and make the purchasing process efficient and easier.
Match info
Huddersfield Town 0
Chelsea 3
Kante (34'), Jorginho (45' pen), Pedro (80')
Points about the fast fashion industry Celine Hajjar wants everyone to know
- Fast fashion is responsible for up to 10 per cent of global carbon emissions
- Fast fashion is responsible for 24 per cent of the world's insecticides
- Synthetic fibres that make up the average garment can take hundreds of years to biodegrade
- Fast fashion labour workers make 80 per cent less than the required salary to live
- 27 million fast fashion workers worldwide suffer from work-related illnesses and diseases
- Hundreds of thousands of fast fashion labourers work without rights or protection and 80 per cent of them are women
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
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Video: 4K @ 25/25/30/60fps, full HD @ 25/30/60fps, slo-mo @ 120/240fps
Front camera: 12MP ultra-wide, f/2.4, Smart HDR, Centre Stage; full HD @ 25/30/60fps
Audio: Stereo speakers
Biometrics: Touch ID
I/O: USB-C, smart connector (for folio/keyboard)
Battery: Up to 10 hours on Wi-Fi; up to 9 hours on cellular
Finish: Space grey, starlight, pink, purple, blue
Price: Wi-Fi – Dh2,499 (64GB) / Dh3,099 (256GB); cellular – Dh3,099 (64GB) / Dh3,699 (256GB)
COMPANY PROFILE
Name: Cofe
Year started: 2018
Based: UAE
Employees: 80-100
Amount raised: $13m
Investors: KISP ventures, Cedar Mundi, Towell Holding International, Takamul Capital, Dividend Gate Capital, Nizar AlNusif Sons Holding, Arab Investment Company and Al Imtiaz Investment Group
LAST-16 FIXTURES
Sunday, January 20
3pm: Jordan v Vietnam at Al Maktoum Stadium, Dubai
6pm: Thailand v China at Hazza bin Zayed Stadium, Al Ain
9pm: Iran v Oman at Mohamed bin Zayed Stadium, Abu Dhabi
Monday, January 21
3pm: Japan v Saudi Arabia at Sharjah Stadium
6pm: Australia v Uzbekistan at Khalifa bin Zayed Stadium, Al Ain
9pm: UAE v Kyrgyzstan at Zayed Sports City Stadium, Abu Dhabi
Tuesday, January 22
5pm: South Korea v Bahrain at Rashid Stadium, Dubai
8pm: Qatar v Iraq at Al Nahyan Stadium, Abu Dhabi
Specs
Price, base: Dhs850,000
Engine: 3.9-litre twin-turbo V8
Transmission: Seven-speed automatic
Power: 591bhp @ 7,500rpm
Torque: 760Nm @ 3,000rpm
Fuel economy, combined: 11.3L / 100km
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