Flydubai chief executive Ghaith Al Ghaith says the airline has conducted several inspections of Boeing's plants and visited suppliers to make sure production standards are at a high level. Victor Besa / The National
Flydubai chief executive Ghaith Al Ghaith says the airline has conducted several inspections of Boeing's plants and visited suppliers to make sure production standards are at a high level. Victor Besa / The National
Flydubai chief executive Ghaith Al Ghaith says the airline has conducted several inspections of Boeing's plants and visited suppliers to make sure production standards are at a high level. Victor Besa / The National
Flydubai chief executive Ghaith Al Ghaith says the airline has conducted several inspections of Boeing's plants and visited suppliers to make sure production standards are at a high level. Victor Besa

Flydubai 'very concerned' about Boeing aircraft delivery delays, CEO says


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Flydubai's chief executive is concerned about the continued aircraft delivery delays by US plane maker Boeing, joining a chorus of global airline bosses expressing frustration about supply chain woes during a continuing boom in travel demand.

Flydubai, an all-Boeing fleet operator, has conducted several visits to inspect Boeing's plants and its suppliers to make sure production standards are "consistently" at a "high level", Ghaith Al Ghaith told reporters at the Arabian Travel Market in Dubai on Monday.

"We are definitely very concerned about the delays and all the negative issues that are in the pipeline or in the media," he said. "But we work closely with Boeing, they work very hard to regain the trust of the customers and we are one of their customers.

"We have teams that interact with Boeing from the highest level to the lowest level, including visiting, not only their plants, but we also visit the suppliers."

Flydubai has grown its network with the addition of five new destinations since the start of 2024 with operations to Al Jouf, Langkawi, Mombasa, Penang and the Red Sea.

The airline said it carried nearly five million passengers between January and April 2024, a 13 per cent increase year-on-year.

"The added capacity has seen more passengers travel with us since the beginning of this year, even though this growth has been dampened by the ongoing delays in aircraft deliveries," Mr Al Ghaith said.

The airline has a fleet of 86 Boeing 737 aircraft: 29 Boeing 737-800s, 54 Boeing 737 Max 8s and 3 Boeing 737 Max 9s.

Boeing has been grappling with a major crisis that erupted in January after a mid-air panel blowout on a new Alaska Airline 737 Max 9.

The plane maker is seeking to buy Spirit AeroSystems, its fuselage supplier and former subsidiary, as it seeks to address quality control issues on its 737 Max narrow-body jets.

A Flydubai Boeing 737 Max 8. Photo: flydubai
A Flydubai Boeing 737 Max 8. Photo: flydubai

The Flydubai chief said Boeing's potential acquisition of its supplier is "very positive".

"This particular action by Boeing shows that they care and it is not, as they had always been blamed, that they look at the margin and then they look at the profit," Mr Al Ghaith said.

The move to buy Spirit to regain control of the supply chain is "a very bold, good commitment from Boeing to show that they are very serious about this. I think, we value that", he added.

Flydubai said it expects six more aircraft to be delivered by the end of this year amid ongoing challenges in supply chain and delays in its delivery schedule.

The airline said it is in the midst of a "multimillion-dollar" project that it launched in January to retrofit its planes. Since then, eight aircraft have had a full cabin refresh with the installation of lie-flat business-class seats and the new economy seats from European seat-maker Recaro that mirror the cabin product on its newer planes in the fleet.

All retrofitted aircraft will be equipped with in-flight entertainment and ensure "a more cohesive and consistent travel experience" for passengers across the fleet, Flydubai said. The airline will keep an all-economy configuration on some of its planes and will upgrade the seats to the new Recaro economy seats with in-flight entertainment.

Flydubai will also increase the seat pitch in business-class on some of its newer aircraft from 45 to 53 inches. This project will be start after the summer.

Flydubai aims to complete the retrofit programme before the end of the year. The project is being carried out by flydubai’s in-house maintenance team and GMR Aerotech MRO.

DWC operations

Dubai's recently announced new passenger terminal at its second airport at Al Maktoum International – the emirate's second hub known as Dubai World Central (DWC) – will give Flydubai "bigger scope to grow", Mr Al Ghaith said.

The airline, which currently operates solely out of its hub in Dubai International Airport (DXB), will move to DWC in gradual phases as work on the new terminal will take 10 years to complete.

Flydubai will start to shift some of its operations to DWC in the "next couple of years", Mr Al Ghaith said. The split operations will continue until it moves completely and permanently to DWC once the terminal is completed.

DXB will be shut down once all its passenger operations have completed the transition to DWC.

During the heavy rain that fell across the country in April forcing airlines to cancel or postpone flights, Flydubai sustained only "minimal" financial losses as two thirds of its affected passengers opted to rebook their flights, Mr Al Ghaith said.

UAE currency: the story behind the money in your pockets
The specs

Engine: 1.5-litre turbo

Power: 181hp

Torque: 230Nm

Transmission: 6-speed automatic

Starting price: Dh79,000

On sale: Now

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Ten tax points to be aware of in 2026

1. Domestic VAT refund amendments: request your refund within five years

If a business does not apply for the refund on time, they lose their credit.

2. E-invoicing in the UAE

Businesses should continue preparing for the implementation of e-invoicing in the UAE, with 2026 a preparation and transition period ahead of phased mandatory adoption. 

3. More tax audits

Tax authorities are increasingly using data already available across multiple filings to identify audit risks. 

4. More beneficial VAT and excise tax penalty regime

Tax disputes are expected to become more frequent and more structured, with clearer administrative objection and appeal processes. The UAE has adopted a new penalty regime for VAT and excise disputes, which now mirrors the penalty regime for corporate tax.

5. Greater emphasis on statutory audit

There is a greater need for the accuracy of financial statements. The International Financial Reporting Standards standards need to be strictly adhered to and, as a result, the quality of the audits will need to increase.

6. Further transfer pricing enforcement

Transfer pricing enforcement, which refers to the practice of establishing prices for internal transactions between related entities, is expected to broaden in scope. The UAE will shortly open the possibility to negotiate advance pricing agreements, or essentially rulings for transfer pricing purposes. 

7. Limited time periods for audits

Recent amendments also introduce a default five-year limitation period for tax audits and assessments, subject to specific statutory exceptions. While the standard audit and assessment period is five years, this may be extended to up to 15 years in cases involving fraud or tax evasion. 

8. Pillar 2 implementation 

Many multinational groups will begin to feel the practical effect of the Domestic Minimum Top-Up Tax (DMTT), the UAE's implementation of the OECD’s global minimum tax under Pillar 2. While the rules apply for financial years starting on or after January 1, 2025, it is 2026 that marks the transition to an operational phase.

9. Reduced compliance obligations for imported goods and services

Businesses that apply the reverse-charge mechanism for VAT purposes in the UAE may benefit from reduced compliance obligations. 

10. Substance and CbC reporting focus

Tax authorities are expected to continue strengthening the enforcement of economic substance and Country-by-Country (CbC) reporting frameworks. In the UAE, these regimes are increasingly being used as risk-assessment tools, providing tax authorities with a comprehensive view of multinational groups’ global footprints and enabling them to assess whether profits are aligned with real economic activity. 

Contributed by Thomas Vanhee and Hend Rashwan, Aurifer

Quick pearls of wisdom

Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”

Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.” 

Cricket World Cup League Two

Oman, UAE, Namibia

Al Amerat, Muscat

 

Results

Oman beat UAE by five wickets

UAE beat Namibia by eight runs

 

Fixtures

Wednesday January 8 –Oman v Namibia

Thursday January 9 – Oman v UAE

Saturday January 11 – UAE v Namibia

Sunday January 12 – Oman v Namibia

COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Bedu%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Khaled%20Al%20Huraimel%2C%20Matti%20Zinder%2C%20Amin%20Al%20Zarouni%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%2C%20UAE%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EIndustry%3A%3C%2Fstrong%3E%20AI%2C%20metaverse%2C%20Web3%20and%20blockchain%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EFunding%3A%3C%2Fstrong%3E%20Currently%20in%20pre-seed%20round%20to%20raise%20%245%20million%20to%20%247%20million%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EInvestors%3A%3C%2Fstrong%3E%20Privately%20funded%3C%2Fp%3E%0A
Coming soon

Torno Subito by Massimo Bottura

When the W Dubai – The Palm hotel opens at the end of this year, one of the highlights will be Massimo Bottura’s new restaurant, Torno Subito, which promises “to take guests on a journey back to 1960s Italy”. It is the three Michelinstarred chef’s first venture in Dubai and should be every bit as ambitious as you would expect from the man whose restaurant in Italy, Osteria Francescana, was crowned number one in this year’s list of the World’s 50 Best Restaurants.

Akira Back Dubai

Another exciting opening at the W Dubai – The Palm hotel is South Korean chef Akira Back’s new restaurant, which will continue to showcase some of the finest Asian food in the world. Back, whose Seoul restaurant, Dosa, won a Michelin star last year, describes his menu as,  “an innovative Japanese cuisine prepared with a Korean accent”.

Dinner by Heston Blumenthal

The highly experimental chef, whose dishes are as much about spectacle as taste, opens his first restaurant in Dubai next year. Housed at The Royal Atlantis Resort & Residences, Dinner by Heston Blumenthal will feature contemporary twists on recipes that date back to the 1300s, including goats’ milk cheesecake. Always remember with a Blumenthal dish: nothing is quite as it seems. 

The specs

Engine: 6.2-litre V8

Transmission: ten-speed

Power: 420bhp

Torque: 624Nm

Price: Dh325,125

On sale: Now

Benefits of first-time home buyers' scheme
  • Priority access to new homes from participating developers
  • Discounts on sales price of off-plan units
  • Flexible payment plans from developers
  • Mortgages with better interest rates, faster approval times and reduced fees
  • DLD registration fee can be paid through banks or credit cards at zero interest rates
LAST-16 EUROPA LEAGUE FIXTURES

Wednesday (Kick-offs UAE)

FC Copenhagen (0) v Istanbul Basaksehir (1) 8.55pm

Shakhtar Donetsk (2) v Wolfsburg (1) 8.55pm

Inter Milan v Getafe (one leg only) 11pm

Manchester United (5) v LASK (0) 11pm 

Thursday

Bayer Leverkusen (3) v Rangers (1) 8.55pm

Sevilla v Roma  (one leg only)  8.55pm

FC Basel (3) v Eintracht Frankfurt (0) 11pm 

Wolves (1) Olympiakos (1) 11pm 

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%3Cp%3E%3Cstrong%3ECreator%3A%20%3C%2Fstrong%3ESteven%20Knight%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%C2%A0%3C%2Fstrong%3EMark%20Ruffalo%2C%20Hugh%20Laurie%2C%20Aria%20Mia%20Loberti%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E1%2F5%C2%A0%3C%2Fp%3E%0A
From Zero

Artist: Linkin Park

Label: Warner Records

Number of tracks: 11

Rating: 4/5

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Updated: May 06, 2024, 5:34 PM