A Boeing 777X airplane sits on the assembly floor at at the company's facility in Everett, Washington, US. Boeing is assessing the possibility of conducting the plane's first test flight on January 24, after weather conditions forced it to delay the original schedule of Jan 23. Bloomberg.
A Boeing 777X airplane sits on the assembly floor at at the company's facility in Everett, Washington, US. Boeing is assessing the possibility of conducting the plane's first test flight on January 24, after weather conditions forced it to delay the original schedule of Jan 23. Bloomberg.
A Boeing 777X airplane sits on the assembly floor at at the company's facility in Everett, Washington, US. Boeing is assessing the possibility of conducting the plane's first test flight on January 24, after weather conditions forced it to delay the original schedule of Jan 23. Bloomberg.
A Boeing 777X airplane sits on the assembly floor at at the company's facility in Everett, Washington, US. Boeing is assessing the possibility of conducting the plane's first test flight on January 24

Boeing delays 777X jet's first test flight due to bad weather


Deena Kamel
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Boeing said it will delay the first flight test of its new 777X widebody jet, originally scheduled for January 23 from its production facility in Everett, Washington, due to bad weather conditions in the area.

The US plane maker is now considering rescheduling the maiden flight of its newest aircraft model to Friday, it said in a tweet on its official Twitter account.

"The team is currently assessing the possibility of flying on January 24," Boeing said. "Stay tuned for updates."

The 777X programme is already behind schedule after a series of mishaps hindered Boeing's production of the state-of-the-art ultra-long-haul jet. The delays have provoked the ire of Sir Tim Clark, president of Emirates, the biggest customer of the widebody aircraft. The Dubai-based carrier ordered 24 fewer planes of the 777X from a total of 126 planes during the Dubai Airshow in November, down from an original order of 150 jets in 2013.

Boeing earlier said the revamped plane, powered by General Electric's GE9X engine and designed to seat up to 426 people, would fly for the first time in early 2020, with the first aircraft expected to be delivered in 2021. It was originally scheduled for delivery in the middle of this year.

The first flight test of the 777X marks an important milestone for the programme and for Boeing, who has been beleaguered by the ongoing crisis of its grounded 737 Max.

David Calhoun, Boeing's new chief executive who replaced Dennis Muilenburg, is facing a daunting set of tasks including returning the 737 Max to commercial service and seeing the 777X to the finish line while repairing frayed relationships with customers, suppliers and regulators.

The 777X, which is priced at $410.2 million for the smaller variant and $442.2m for the bigger model, was launched at the Dubai Airshow in 2013 amid much fanfare when Emirates placed a record-breaking order. Since then, orders for the jet have slowed down.

Boeing's sales chief Ihsanne Mounir expects a rise in orders of the re-engined 777X within three years when airlines start replacing ageing fleets of the older previous 777-300ER models, he told reporters in October in Seattle.

The aircraft is expected to face more scrutiny from US and global aviation regulators in the light of Boeing's 737 Max crisis that shook confidence in the Chicago-based jet maker. The troubled plane, grounded since March after two fatal crashes that killed 346 people, is not expected to gain regulatory approval to fly before mid-2020.

Mr Calhoun told reporters on a conference call on Wednesday that Boeing expects to resume 737 Max production months before its forecasted mid-year return to service, Reuters reported. The company announced in December a production halt starting from January.

The delay in return to service was mainly due to taking into account that Max pilots would need simulator training, and not because of any new glitch, Mr Calhoun said.

Asked about the company’s plans for its proposed new midmarket airplane, or NMA, he said the plane maker is eyeing a new clean-sheet design," Bloomberg reported.

Four motivational quotes from Alicia's Dubai talk

“The only thing we need is to know that we have faith. Faith and hope in our own dreams. The belief that, when we keep going we’re going to find our way. That’s all we got.”

“Sometimes we try so hard to keep things inside. We try so hard to pretend it’s not really bothering us. In some ways, that hurts us more. You don’t realise how dishonest you are with yourself sometimes, but I realised that if I spoke it, I could let it go.”

“One good thing is to know you’re not the only one going through it. You’re not the only one trying to find your way, trying to find yourself, trying to find amazing energy, trying to find a light. Show all of yourself. Show every nuance. All of your magic. All of your colours. Be true to that. You can be unafraid.”

“It’s time to stop holding back. It’s time to do it on your terms. It’s time to shine in the most unbelievable way. It’s time to let go of negativity and find your tribe, find those people that lift you up, because everybody else is just in your way.”

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.”

Dr Amal Khalid Alias revealed a recent case of a woman with daughters, who specifically wanted a boy.

A semen analysis of the father showed abnormal sperm so the couple required IVF.

Out of 21 eggs collected, six were unused leaving 15 suitable for IVF.

A specific procedure was used, called intracytoplasmic sperm injection where a single sperm cell is inserted into the egg.

On day three of the process, 14 embryos were biopsied for gender selection.

The next day, a pre-implantation genetic report revealed four normal male embryos, three female and seven abnormal samples.

Day five of the treatment saw two male embryos transferred to the patient.

The woman recorded a positive pregnancy test two weeks later. 

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Education: Mr Al Bahar was born in 1979 and graduated in 2008 from the Judicial Institute. He took after his father, who was one of the first Emirati lawyers

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League Cup, last 16

Manchester City v Southampton, Tuesday, 11.45pm (UAE)