Airbus heads into the third day of the Dubai Airshow with no announced orders, raising pressure on the manufacturer to clinch some deals and gain ground on arch-rival Boeing, which built an early lead at the event.
Airbus is working to turn around its fortunes during the remainder of the show, according to people familiar with the negotiations. Among prospective orders are accords with EgyptAir Airlines for A320neo single-aisle aircraft, as well as a deal with Dubai-based discount carrier FlyDubai, which is negotiating for as many as 175 narrow-body planes, said the people, who asked not to be identified.
The European plane maker remains confident it can bring home a highly anticipated order for about 36 additional A380 superjumbos from Emirates. That deal has eluded the company so far, dealing an embarrassing blow to Airbus that was compounded when Boeing signed its own pact with the airline.
Boeing is not done with deals yet, either. Among the transactions in its pipeline is a deal to place about half a dozen 787 Dreamliners with EgyptAir, according to people familiar with the talks. Representatives for Airbus, Boeing and the airlines involved declined to comment.
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Exclusive: Flydubai eyeing multibillion dollar 100-plus passenger jet order, chief executive says
Kuwait's Alafco buys 20 Boeing 737 max jets in $2.2 billion deal
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Air shows are forums that bring together manufacturers and customers and offer a prime opportunity to close deals that have been brewing in the background for weeks or months. Airbus in particular has used the events for bragging rights, tallying its overall haul at the end of each show and comparing its wins with those of Boeing.
As Airbus finds itself in the unusual situation of not having a single buyer after two days, it has to deliver in the last two days to avoid its biggest commercial humiliation in years. The company typically excels at air shows, having perfected the art of the aircraft deal under longtime sales chief John Leahy, who relishes clinching last-minute accords and counting up gains at the expense of Boeing. With Mr Leahy set to step down in coming months, that carefully honed choreography is facing an uncertain future.
The changing fortunes were on display on the opening day of the event Sunday, when Airbus had planned to make its debut with the A380 order. Instead, Boeing stole the limelight with a US$15.1 billion deal from Emirates for its 787 Dreamliner, followed shortly thereafter with a follow-up accord with Azerbaijan Airlines.
When asked what was behind the hold-up with an Airbus order, the Emirates president Tim Clark said Airbus needs to show greater commitment to the A380, whose future has been thrown into doubt as the order book for the giant aircraft dries up.
This year’s air show has lacked the urgency of previous years, when Emirates and its Arabian Gulf peers such as Etihad Airways worked up an order frenzy on opening day. Etihad is undergoing a dramatic overhaul of its management and strategy after its alliance of partner airlines around the globe hit trouble.
Venue: Sharjah Cricket Stadium
Date: Sunday, November 25
The rules of the road keeping cyclists safe
Cyclists must wear a helmet, arm and knee pads
Have a white front-light and a back red-light on their bike
They must place a number plate with reflective light to the back of the bike to alert road-users
Avoid carrying weights that could cause the bike to lose balance
They must cycle on designated lanes and areas and ride safe on pavements to avoid bumping into pedestrians
MATCH INFO
What: Brazil v South Korea
When: Tonight, 5.30pm
Where: Mohamed bin Zayed Stadium, Abu Dhabi
Tickets: www.ticketmaster.ae
How Voiss turns words to speech
The device has a screen reader or software that monitors what happens on the screen
The screen reader sends the text to the speech synthesiser
This converts to audio whatever it receives from screen reader, so the person can hear what is happening on the screen
A VOISS computer costs between $200 and $250 depending on memory card capacity that ranges from 32GB to 128GB
The speech synthesisers VOISS develops are free
Subsequent computer versions will include improvements such as wireless keyboards
Arabic voice in affordable talking computer to be added next year to English, Portuguese, and Spanish synthesiser
Partnerships planned during Expo 2020 Dubai to add more languages
At least 2.2 billion people globally have a vision impairment or blindness
More than 90 per cent live in developing countries
The Long-term aim of VOISS to reach the technology to people in poor countries with workshops that teach them to build their own device
Jebel Ali Dragons 26 Bahrain 23
Dragons
Tries: Hayes, Richards, Cooper
Cons: Love
Pens: Love 3
Bahrain
Tries: Kenny, Crombie, Tantoh
Cons: Phillips
Pens: Phillips 2
EMILY IN PARIS: SEASON 3
Created by: Darren Star
Starring: Lily Collins, Philippine Leroy-Beaulieu, Ashley Park
Rating: 2.75/5
Company profile
Company name: Fasset
Started: 2019
Founders: Mohammad Raafi Hossain, Daniel Ahmed
Based: Dubai
Sector: FinTech
Initial investment: $2.45 million
Current number of staff: 86
Investment stage: Pre-series B
Investors: Investcorp, Liberty City Ventures, Fatima Gobi Ventures, Primal Capital, Wealthwell Ventures, FHS Capital, VN2 Capital, local family offices
SPECS
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
Start-up hopes to end Japan's love affair with cash
Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.
Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.
Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.
Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.
Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.
AUSTRALIA SQUADS
ODI squad: Aaron Finch (captain), Ashton Agar, Alex Carey, Pat Cummins, Josh Hazlewood, Marnus Labuschagne, Mitchell Marsh, Glenn Maxwell, Kane Richardson, Steve Smith, Mitchell Starc, Matthew Wade, David Warner, Adam Zampa
Twenty20 squad: Aaron Finch (captain), Sean Abbott, Ashton Agar, Alex Carey, Pat Cummins, Mitchell Marsh, Glenn Maxwell, Jhye Richardson, Kane Richardson, Steve Smith, Mitchell Starc, Matthew Wade, David Warner, Adam Zampa