Rolls-Royce is working with Emirates to find a resolution for the performance issues on the engine that powers the Airbus A350-1000, as a potential order by the long-haul airline for A350 aircraft hangs in the balance.
The engine maker is addressing Emirates' concerns about the duration of the engine's time on the wing or the period between maintenance visits.
“I want an engine that stays on the wing for the right amount of time and Emirates wants an engine that stays on the wing for the right amount of time, so we're jointly aligned on this and we will continue to work through it,” Ewen McDonald, Rolls-Royce's chief customer officer of civil aerospace told The National at the Dubai Airshow.
“We are always open, honest and give Emirates updates, we believe in transparency, we believe in the strong relationship that comes through trust.”
Rolls-Royce's long-standing relationship with Emirates Airline and its president Tim Clark remains unaffected by the situation.
“Our relationship is unchanged through this, it's very positive and will continue to be very positive. We have lots of aircraft with Emirates and we will continue to work with him on what he wants to do with his fleet and we will support that,” Mr McDonald said.
Rolls-Royce is taking measures to enhance the durability of the Trent XWB-97 engines that power the A350-1000 craft and insists the engines are not defective.
That engine “is the most efficient engine … flying today, so it really is high-tech and something we're very proud of. That engine works great and perfectly in environments which are not harsh, we call them benign environments”, he said.
But the desert environment can prove to be harsh, he added.
“When you come to non-benign environments, sandy and hot conditions, it's really testing for engines because they run it at very high temperatures. Sand with high temperatures is a challenge, it's an industry challenge to all new generation engines as far as harsh conditions,” he said.
“It's not that the engines cannot perform a mission, they just do not stay on wing as long as they should.
“It's a durability issue, it's not a defect issue as has been mentioned.”
Earlier at the Dubai Airshow, Sheikh Ahmed bin Saeed, chairman and chief executive of Emirates Airline and Group, said the carrier would not buy the flagship A350-1000 from Airbus until issues with the Rolls-Royce engine had been addressed.
“When we feel that we have a good deal, we will sign,” he said on Tuesday.
The airline requires specific guarantees from the engine maker.
“I need guarantees on when, at what price and the maintenance cost per hour. That would solve it,” he said.
Emirates already has an existing order for 50 units of the smaller A350-900 model. It also placed an additional order for 15 more of the aircraft on Thursday. The first delivery is expected next summer.
Rolls-Royce is already developing technology to use on existing engines to improve durability, Mr McDonald said.
Wide-body jet market revival
Rolls-Royce is optimistic about the recovery of the overall wide-body aircraft market, which is trailing the narrow-body market in terms of orders following the Covid-19 pandemic.
"This year what we've seen is a strong return to international travel around the world, even China's international [travel market] is coming back strongly," Mr McDonald said.
"So what you're seeing is airlines focus on securing wide-body new generation aircraft because they've done a lot of the narrow-bodies and now they're looking at their international fleet."
Airlines are queuing up to secure positions for new aircraft as delivery slots become more scarce and plane makers' backlogs stretch into the 2030s.
"People are worried about availability of slots, I would say the market is hot, it's very lively, and people who want to secure these slots because there's only so many and if you don't get in then you might miss out," he said.
Airlines are also seeking more fuel-efficient aircraft as one way to meet their sustainability goals.
"One of the quickest ways you can make an impact is replacing older aircraft with more fuel-efficient aircraft," Mr McDonald said.
The combination of these factors means there will be more wide-body order announcements through to the end of the year.
"There is so much activity in the market at the moment. It is to be expected, once people start buying aircraft, other people start sitting up and thinking 'maybe I need to buy some'," the Rolls-Royce executive said.
"Outside the launch of a new aircraft, which always [attracts] lots of orders, I would say this year would be the biggest year ... for the wide-bodies market."
The Dubai Airshow kicked off on Monday with home airlines Emirates and flydubai ordering 125 wide-body jets worth $63 billion.
EgyptAir and Ethiopian Airlines also ordered Airbus A350 wide-bodies during the event.
More on animal trafficking
Profile
Company: Justmop.com
Date started: December 2015
Founders: Kerem Kuyucu and Cagatay Ozcan
Sector: Technology and home services
Based: Jumeirah Lake Towers, Dubai
Size: 55 employees and 100,000 cleaning requests a month
Funding: The company’s investors include Collective Spark, Faith Capital Holding, Oak Capital, VentureFriends, and 500 Startups.
UAE currency: the story behind the money in your pockets
The five pillars of Islam
Avatar: Fire and Ash
Director: James Cameron
Starring: Sam Worthington, Sigourney Weaver, Zoe Saldana
Rating: 4.5/5
Skoda Superb Specs
Engine: 2-litre TSI petrol
Power: 190hp
Torque: 320Nm
Price: From Dh147,000
Available: Now
The specs
- Engine: 3.9-litre twin-turbo V8
- Power: 640hp
- Torque: 760nm
- On sale: 2026
- Price: Not announced yet
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Sav%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EFounder%3A%3C%2Fstrong%3E%20Purvi%20Munot%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20%24750%2C000%20as%20of%20March%202023%3Cbr%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Angel%20investors%3C%2Fp%3E%0A
AI traffic lights to ease congestion at seven points to Sheikh Zayed bin Sultan Street
The seven points are:
Shakhbout bin Sultan Street
Dhafeer Street
Hadbat Al Ghubainah Street (outbound)
Salama bint Butti Street
Al Dhafra Street
Rabdan Street
Umm Yifina Street exit (inbound)
Women’s World T20, Asia Qualifier
UAE results
Beat China by 16 runs
Lost to Thailand by 10 wickets
Beat Nepal by five runs
Beat Hong Kong by eight wickets
Beat Malaysia by 34 runs
Standings (P, W, l, NR, points)
1. Thailand 5 4 0 1 9
2. UAE 5 4 1 0 8
3. Nepal 5 2 1 2 6
4. Hong Kong 5 2 2 1 5
5. Malaysia 5 1 4 0 2
6. China 5 0 5 0 0
Final
Thailand v UAE, Monday, 7am
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Desert Warrior
Starring: Anthony Mackie, Aiysha Hart, Ben Kingsley
Director: Rupert Wyatt
Rating: 3/5
SERIES SCHEDULE
First Test, Galle International Stadium
July 26-30
Second Test, Sinhalese Sports Club Ground
August 3-7
Third Test, Pallekele International Cricket Stadium
August 12-16
First ODI, Rangiri Dambulla International Stadium
August 20
Second ODI, Pallekele International Cricket Stadium
August 24
Third ODI, Pallekele International Cricket Stadium
August 27
Fourth ODI, R Premadasa Stadium
August 31
Fifth ODI, R Premadasa Stadium
September 3
T20, R Premadasa Stadium
September 6
UAE%20set%20for%20Scotland%20series
%3Cp%3EThe%20UAE%20will%20host%20Scotland%20for%20a%20three-match%20T20I%20series%20at%20the%20Dubai%20International%20Stadium%20next%20month.%3Cbr%3EThe%20two%20sides%20will%20start%20their%20Cricket%20World%20Cup%20League%202%20campaigns%20with%20a%20tri-series%20also%20involving%20Canada%2C%20starting%20on%20January%2029.%3Cbr%3EThat%20series%20will%20be%20followed%20by%20a%20bilateral%20T20%20series%20on%20March%2011%2C%2013%20and%2014.%3C%2Fp%3E%0A
UAE currency: the story behind the money in your pockets
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.”
MATCH INFO
Juventus 1 (Dybala 45')
Lazio 3 (Alberto 16', Lulic 73', Cataldi 90 4')
Red card: Rodrigo Bentancur (Juventus)
If you go
Flights
Emirates flies from Dubai to Phnom Penh with a stop in Yangon from Dh3,075, and Etihad flies from Abu Dhabi to Phnom Penh with its partner Bangkok Airlines from Dh2,763. These trips take about nine hours each and both include taxes. From there, a road transfer takes at least four hours; airlines including KC Airlines (www.kcairlines.com) offer quick connecting flights from Phnom Penh to Sihanoukville from about $100 (Dh367) return including taxes. Air Asia, Malindo Air and Malaysian Airlines fly direct from Kuala Lumpur to Sihanoukville from $54 each way. Next year, direct flights are due to launch between Bangkok and Sihanoukville, which will cut the journey time by a third.
The stay
Rooms at Alila Villas Koh Russey (www.alilahotels.com/ kohrussey) cost from $385 per night including taxes.
Play-off fixtures
Two-legged ties to be played November 9-11 and November 12-14
- Northern Ireland v Switzerland
- Croatia v Greece
- Denmark v Ireland
- Sweden v Italy