The recent air crashes are unlikely to affect travel demand, aviation industry analysts have said, maintaining that air travel remains the safest form of transport.
On Sunday, a Jeju Air Boeing 737-800 crashed at Muan International Airport in Korea’s southwestern province of South Jeolla. With 179 of the 181 people on board killed, the incident has turned out to be the country's worst domestic civil aviation disaster.
Korean officials announced on Monday that they will conduct safety inspections of all Boeing 737-800 aircraft operated by domestic airlines.
Boeing’s shares fell nearly 5.1 per cent in pre-market trading on Monday before paring losses.
Shares of the US plane maker, which is still recovering from the impact of the 737 Max crisis and other safety issues with its planes, were down 3.36 per cent at $174.52 per share as of 5.15pm UAE time.
The Jeju Air crash was the second aviation disaster to occur in roughly four days.
On December 25, an Azerbaijan Airlines flight, an Embraer 190 aircraft, crashed near the city of Aktau, Kazakhstan, while en route to Russia.
Despite the incidents, analysts remain optimistic about the future of air travel.
“Air travel is still the safest way to travel in the world. You're more likely to meet an accident in a car,” said Mark Martin, chief executive of Martin Consulting, an aviation advisory and risk firm.
“But when [such incidents] happen, we need to step in to do everything possible to ensure that it does not happen again,” he told The National.
Echoing Mr Martin's comments, Saj Ahmad, chief analyst at StrategicAero Research, emphasised the exceptional safety record of air travel.
He cited a recent safety report by the International Air Transport Association (Iata), which found that aircraft accidents are extremely rare, occurring, on average, once every 880,000 flights.
“If we were to dissect numbers even further, it can be argued that air travel is significantly safer than travelling by cars, motorbike or even walking,” Mr Ahmad told The National.
He acknowledged that accidents do “frighten people, and it’s OK to be frightened”, but said that people will continue to trust air travel because it is safe and remains the best option for travelling across continents.
The commercial aviation industry recorded 30 accidents last year, down from 42 in 2022, and the accident rate dropped by roughly 40 per cent, according to Iata estimates.
Investigations continuing
The Jeju Air plane attempted a belly landing due to a suspected landing gear failure, overshot the runway, collided with a barrier and burst into flames.
Initial reports and statements from Korean officials suggest that a bird strike may have been a factor in the crash, but experts said that a bird strike alone could not have caused the incident.
“We don't know whether it had to do with the bird strike or there was something else,” Mr Martin said.
“[Normally], if you have a bird strike, you won't lose complete hydraulics … something has majorly gone wrong and that needs to be investigated, if other pilots have to be alerted.”
The Muan International Airport has also come under scrutiny, with some analysts suggesting that the airport's location may have increased the likelihood of bird strikes.
“It is located near tidal flats frequented by migratory birds, posing a known risk for aviation,” said Fahad Masood, an aviation expert and a member of the UK’s Royal Aeronautical Society.
“Implementing advanced bird management systems, such as avian radar and habitat modifications around the airport, could help minimise these risks,” he told The National.
Experts have also raised concerns about the concrete structure at the end of the runway, which the Jeju Air plane crashed into, as well as the runway's length, which, at 2,800 metres, is significantly shorter than those at major international air hubs.
Investigators are conducting a detailed analysis of the aircraft's black boxes, which record flight data and cockpit conversations.
“This process is meticulous and time-consuming but essential for uncovering the sequence of events leading to the crash,” Mr Masood said.
A tragic incident
The Azerbaijan Airlines plane was allegedly shot down by Russian air defences attempting to intercept a Ukrainian drone strike near Grozny, the capital of the Russian republic of Chechnya. It crashed in Kazakhstan, resulting in the deaths of 38 of the 67 people on board.
Preliminary findings suggest that the aircraft was struck by a Russian Pantsir-S1 air defence system. The proximity fuse of the missile is likely to have detonated near the aircraft's fuselage, causing severe damage, particularly to the hydraulic systems, Mr Masood said.
The incident has raised serious concerns about the safety of civilian aircraft operating in conflict zones.
“The flight was not officially in a no-fly zone, but it was flying through an area with heightened military activity,” he said.
“This situation underscores the need for better co-ordination and communication regarding airspace safety, especially in conflict zones.”
Azerbaijan blamed Russia for accidentally shooting down the plane. While Moscow initially denied responsibility, President Vladimir Putin on Saturday apologised for the “tragic incident”.
In 2014, Malaysia Airlines flight MH17 was brought down over eastern Ukraine by a missile launched from territory controlled by Russian-backed separatists.
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
UAE currency: the story behind the money in your pockets
The stats
Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
Timeline
2012-2015
The company offers payments/bribes to win key contracts in the Middle East
May 2017
The UK SFO officially opens investigation into Petrofac’s use of agents, corruption, and potential bribery to secure contracts
September 2021
Petrofac pleads guilty to seven counts of failing to prevent bribery under the UK Bribery Act
October 2021
Court fines Petrofac £77 million for bribery. Former executive receives a two-year suspended sentence
December 2024
Petrofac enters into comprehensive restructuring to strengthen the financial position of the group
May 2025
The High Court of England and Wales approves the company’s restructuring plan
July 2025
The Court of Appeal issues a judgment challenging parts of the restructuring plan
August 2025
Petrofac issues a business update to execute the restructuring and confirms it will appeal the Court of Appeal decision
October 2025
Petrofac loses a major TenneT offshore wind contract worth €13 billion. Holding company files for administration in the UK. Petrofac delisted from the London Stock Exchange
November 2025
180 Petrofac employees laid off in the UAE
The%20specs
%3Cp%3E%3Cstrong%3EEngine%3A%3C%2Fstrong%3E%202-litre%204-cylinder%3Cbr%3E%3Cstrong%3EPower%3A%20%3C%2Fstrong%3E153hp%20at%206%2C000rpm%3Cbr%3E%3Cstrong%3ETorque%3A%20%3C%2Fstrong%3E200Nm%20at%204%2C000rpm%3Cbr%3E%3Cstrong%3ETransmission%3A%20%3C%2Fstrong%3E6-speed%20auto%3Cbr%3E%3Cstrong%3EFuel%20consumption%3A%20%3C%2Fstrong%3E6.3L%2F100km%3Cbr%3E%3Cstrong%3EPrice%3A%20%3C%2Fstrong%3EDh106%2C900%3Cbr%3E%3Cstrong%3EOn%20sale%3A%20%3C%2Fstrong%3Enow%3C%2Fp%3E%0A
Libya's Gold
UN Panel of Experts found regime secretly sold a fifth of the country's gold reserves.
The panel’s 2017 report followed a trail to West Africa where large sums of cash and gold were hidden by Abdullah Al Senussi, Qaddafi’s former intelligence chief, in 2011.
Cases filled with cash that was said to amount to $560m in 100 dollar notes, that was kept by a group of Libyans in Ouagadougou, Burkina Faso.
A second stash was said to have been held in Accra, Ghana, inside boxes at the local offices of an international human rights organisation based in France.
About%20My%20Father
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELaura%20Terruso%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERobert%20De%20Niro%2C%20Sebastian%20Maniscalco%2C%20Kim%20Cattrall%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%202%2F5%26nbsp%3B%3C%2Fp%3E%0A
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.”
Tips to avoid getting scammed
1) Beware of cheques presented late on Thursday
2) Visit an RTA centre to change registration only after receiving payment
3) Be aware of people asking to test drive the car alone
4) Try not to close the sale at night
5) Don't be rushed into a sale
6) Call 901 if you see any suspicious behaviour
Gothia Cup 2025
4,872 matches
1,942 teams
116 pitches
76 nations
26 UAE teams
15 Lebanese teams
2 Kuwaiti teams
Who's who in Yemen conflict
Houthis: Iran-backed rebels who occupy Sanaa and run unrecognised government
Yemeni government: Exiled government in Aden led by eight-member Presidential Leadership Council
Southern Transitional Council: Faction in Yemeni government that seeks autonomy for the south
Habrish 'rebels': Tribal-backed forces feuding with STC over control of oil in government territory
Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
Origin
Dan Brown
Doubleday
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
UAE currency: the story behind the money in your pockets
Essentials
The flights: You can fly from the UAE to Iceland with one stop in Europe with a variety of airlines. Return flights with Emirates from Dubai to Stockholm, then Icelandair to Reykjavik, cost from Dh4,153 return. The whole trip takes 11 hours. British Airways flies from Abu Dhabi and Dubai to Reykjavik, via London, with return flights taking 12 hours and costing from Dh2,490 return, including taxes.
The activities: A half-day Silfra snorkelling trip costs 14,990 Icelandic kronur (Dh544) with Dive.is. Inside the Volcano also takes half a day and costs 42,000 kronur (Dh1,524). The Jokulsarlon small-boat cruise lasts about an hour and costs 9,800 kronur (Dh356). Into the Glacier costs 19,500 kronur (Dh708). It lasts three to four hours.
The tours: It’s often better to book a tailor-made trip through a specialist operator. UK-based Discover the World offers seven nights, self-driving, across the island from £892 (Dh4,505) per person. This includes three nights’ accommodation at Hotel Husafell near Into the Glacier, two nights at Hotel Ranga and two nights at the Icelandair Hotel Klaustur. It includes car rental, plus an iPad with itinerary and tourist information pre-loaded onto it, while activities can be booked as optional extras. More information inspiredbyiceland.com