The pandemic may have grounded flights around the world in 2020, but that wasn't enough to reduce the number of people killed in air accidents.
Last year, 42 more people died in major aviation incidents compared with 2019, according to airlineratings.com. This is one of the reasons airline safety remains at the forefront of travellers' minds.
The website has revealed which airlines are the safest as part of its annual safety rankings. The safety and product rating website considers audits from governing and industry bodies; government audits; crash and serious incident records from individual airlines; profitability, industry-leading safety initiatives; and fleet age to conclude its ranking.
The global pandemic has added additional criteria. As airlines resumed flying after grounding fleets, aircrafts that had been parked for months had to be deemed operationally safe, and the retraining of crew, pilots and ground staff after periods of non-service were also considered.
"Last year was extremely difficult for airlines with Covid-19 slashing travel. Airline Ratings editors have looked particularly at the lengths airlines are going to retrain pilots ahead of a return to service. In the case of Qantas, a 737 pilot goes through a six-day course, including a day on well-being," Geoffrey Thomas, editor-in-chief, Airline Ratings.
Which airline came out on top?
The safest airline in the world is Qantas. Australia's largest airline and the country's flag carrier was ranked first by airlineratings.com.
"Qantas has been the lead airline in virtually every major operational safety advancement over the past 60 years and has not had a fatality in the pure-jet era,” said Thomas.
Qantas operated fewer flights in 2020 than in previous years after the airline grounded international flights as part of its long-term recovery plan. It is set to begin selling tickets on almost all international routes again from July 1, 2021.
“These airlines have outstanding records and are at the forefront of safety,” said Thomas.
“Australia’s Qantas, for instance, has been recognised by the British Advertising Standards Association, in a test case in 2008, as the world’s most experienced airline.”
Dubai's Emirates ranked as the fifth safest airline in 2020 and Etihad Airways, the national airline of the UAE, was listed in seventh position.
The top 20 safest airlines in the world:
1. Qantas
2. Qatar Airways
3. Air New Zealand
4. Singapore Airlines
5. Emirates
6. EVA Air
7. Etihad Airways
8. Alaska Airlines
9. Cathay Pacific
10. British Airways
11. Virgin Australia/Virgin Atlantic
12. Hawaiian Airlines
13. Southwest Airlines
14. Delta Air Lines
15. American Airlines
16. SAS
17. Finnair
18. Lufthansa
19. KLM
20. United Airlines
How is the rating decided?
When it comes to determining the ranking, editors at the airline safety website look at serious incidents airlines have been involved in over the past 12 months.
While the number of total air disasters in 2020 was lower – 40 compared to 86 in 2019 – the death rate per incidence was higher with 299 people killed in 2020, according to aviation consultancy To70. This increase was despite the number of commercial flights falling by an estimated 42 per cent, according to Flightradar24.
The deadliest aircraft accident last year involved the downing of Ukraine International Airlines flight 752 in Iran in January that killed 176 people.
It accounted for more than half of all aviation deaths outlined in this year's analysis by To70.
The second most serious crash in terms of the number of fatalities was the Pakistan International Airlines incident in May, in which 98 people died.
An Air India Express crash killed 21 in August.
Other fatal incidents involved Turkey's Pegasus Airlines, with three fatalities in February, and Southwest Airlines with one death in May.
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Company name: baraka
Started: July 2020
Founders: Feras Jalbout and Kunal Taneja
Based: Dubai and Bahrain
Sector: FinTech
Initial investment: $150,000
Current staff: 12
Stage: Pre-seed capital raising of $1 million
Investors: Class 5 Global, FJ Labs, IMO Ventures, The Community Fund, VentureSouq, Fox Ventures, Dr Abdulla Elyas (private investment)
T20 WORLD CUP QUALIFIERS
Qualifier A, Muscat
(All matches to be streamed live on icc.tv)
Fixtures
Friday, February 18: 10am Oman v Nepal, Canada v Philippines; 2pm Ireland v UAE, Germany v Bahrain
Saturday, February 19: 10am Oman v Canada, Nepal v Philippines; 2pm UAE v Germany, Ireland v Bahrain
Monday, February 21: 10am Ireland v Germany, UAE v Bahrain; 2pm Nepal v Canada, Oman v Philippines
Tuesday, February 22: 2pm Semi-finals
Thursday, February 24: 2pm Final
UAE squad:Ahmed Raza(captain), Muhammad Waseem, Chirag Suri, Vriitya Aravind, Rohan Mustafa, Kashif Daud, Zahoor Khan, Alishan Sharafu, Raja Akifullah, Karthik Meiyappan, Junaid Siddique, Basil Hameed, Zafar Farid, Mohammed Boota, Mohammed Usman, Rahul Bhatia
MATCH DETAILS
Manchester United 3
Greenwood (21), Martial (33), Rashford (49)
Partizan Belgrade 0
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.”
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
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Skewed figures
In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458.
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UFC Fight Night 2
1am – Early prelims
2am – Prelims
4am-7am – Main card
7:30am-9am – press cons
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The National Archives, Abu Dhabi
Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.
Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en
GOLF’S RAHMBO
- 5 wins in 22 months as pro
- Three wins in past 10 starts
- 45 pro starts worldwide: 5 wins, 17 top 5s
- Ranked 551th in world on debut, now No 4 (was No 2 earlier this year)
- 5th player in last 30 years to win 3 European Tour and 2 PGA Tour titles before age 24 (Woods, Garcia, McIlroy, Spieth)
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What is a Ponzi scheme?
A fraudulent investment operation where the scammer provides fake reports and generates returns for old investors through money paid by new investors, rather than through ligitimate business activities.
The President's Cake
Director: Hasan Hadi
Starring: Baneen Ahmad Nayyef, Waheed Thabet Khreibat, Sajad Mohamad Qasem
Rating: 4/5
57%20Seconds
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The biog
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Favourite Book: The Prophet by Gibran Khalil Gibran
The specs
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