A logo of Airbus is seen at the entrance of its factory in Toulouse, France. Reuters.
A logo of Airbus is seen at the entrance of its factory in Toulouse, France. Reuters.
A logo of Airbus is seen at the entrance of its factory in Toulouse, France. Reuters.
A logo of Airbus is seen at the entrance of its factory in Toulouse, France. Reuters.

Airbus mulls new narrowbody jet design with GE


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Europe's biggest plane maker Airbus and engine manufacturer General Electric are in talks to develop a “next-generation” aircraft, court documents show.

Airbus is seeking engine ideas for a narrow-body jet it is developing and has drawn a proposal for a new geared design from GE, Bloomberg reported, citing a court opinion that has since been sealed.

The court document did not specify if the Airbus jet would be a new model or an upgrade to existing models such as the A320neo or A220 narrow-body jets. It also did not provide details on when GE proposed the new engine, when or whether the plane might come to market, or how advanced the talks were.

“GE Aviation continually reviews opportunities with airframers, including Airbus and Boeing, about engine technologies for the next generation of aircraft. The details of these discussions are confidential,” GE said in an emailed statement.

The Toulouse-based company is building an extra-long range version of its A321neo that will allow airlines to serve long-distance routes with smaller, more fuel-efficient aircraft.

Airbus is also working on developing a hydrogen-powered aircraft as it seeks to bring the world's first emissions-free passenger plane into service by 2035.

Airbus did not reveal the the nature of discussions with GE.

“We are in constant dialogue with our engine makers about the latest state-of-the-art technologies and ongoing innovations,” the company said. “There are many studies. Not all studies see the light of day.”

GE proposed using a geared turbofan system it is developing, which it considered a “technologically preferred design for the next-generation narrow-body market,” the US Court of Appeals for the Federal Circuit wrote in an opinion on December 23.

The specs: 2018 Nissan 370Z Nismo

The specs: 2018 Nissan 370Z Nismo
Price, base / as tested: Dh182,178
Engine: 3.7-litre V6
Power: 350hp @ 7,400rpm
Torque: 374Nm @ 5,200rpm
Transmission: Seven-speed automatic
​​​​​​​Fuel consumption, combined: 10.5L / 100km

 


 

The President's Cake

Director: Hasan Hadi

Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem 

Rating: 4/5

Tips for SMEs to cope
  • Adapt your business model. Make changes that are future-proof to the new normal
  • Make sure you have an online presence
  • Open communication with suppliers, especially if they are international. Look for local suppliers to avoid delivery delays
  • Open communication with customers to see how they are coping and be flexible about extending terms, etc
    Courtesy: Craig Moore, founder and CEO of Beehive, which provides term finance and working capital finance to SMEs. Only SMEs that have been trading for two years are eligible for funding from Beehive.
The cost of Covid testing around the world

Egypt

Dh514 for citizens; Dh865 for tourists

Information can be found through VFS Global.

Jordan

Dh212

Centres include the Speciality Hospital, which now offers drive-through testing.

Cambodia

Dh478

Travel tests are managed by the Ministry of Health and National Institute of Public Health.

Zanzibar

AED 295

Zanzibar Public Health Emergency Operations Centre, located within the Lumumba Secondary School compound.

Abu Dhabi

Dh85

Abu Dhabi’s Seha has test centres throughout the UAE.

UK

From Dh400

Heathrow Airport now offers drive through and clinic-based testing, starting from Dh400 and up to Dh500 for the PCR test.

It Was Just an Accident

Director: Jafar Panahi

Stars: Vahid Mobasseri, Mariam Afshari, Ebrahim Azizi, Hadis Pakbaten, Majid Panahi, Mohamad Ali Elyasmehr

Rating: 4/5

How to become a Boglehead

Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.

•   Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.

•   Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.

•   Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.

•   Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.

•   Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.

•   Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.

•   Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.

•   Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.

French business

France has organised a delegation of leading businesses to travel to Syria. The group was led by French shipping giant CMA CGM, which struck a 30-year contract in May with the Syrian government to develop and run Latakia port. Also present were water and waste management company Suez, defence multinational Thales, and Ellipse Group, which is currently looking into rehabilitating Syrian hospitals.