logo
Emirates boss says Boeing conveying 'cautious optimism', with 777X delivery expected by 2027

Emirates boss says Boeing conveying 'cautious optimism', with 777X delivery expected by 2027

The National2 days ago

Emirates Airline 's president Tim Clark said that Boeing has struck a tone of 'cautious optimism' during its meetings with the US plane maker, with expectations that the long-delayed 777X will be delivered by early 2027.
The Dubai-based airline could receive its first 777X wide-body between the third or fourth quarter of 2026 and the first quarter of 2027, and is getting 'clearer messages' from Boeing on that delivery programme, he said on the sidelines of the International Air Transport Association (Iata) annual meeting in New Delhi on Sunday.
'We've engaged with the senior management of Boeing recently and they seem cautiously optimistic,' Mr Clark told reporters in the Indian capital.
Emirates is still awaiting delivery of the Boeing 777X after the US plane maker faced a series of delays on that programme since 2020. With ongoing delays in new aircraft deliveries, Emirates will now put 219 aircraft through a full cabin refresh at a total investment of $5 billion in its retrofit programme, according to its latest annual financial report.
The airline has added the first Airbus A350-900 to its fleet but held off from ordering the larger A350-1000 variant as Mr Clark remains critical of Rolls-Royce's engine performance in the Gulf's harsh and hot climate conditions.
Meanwhile, Emirates, a long-standing champion of the Airbus A380, will keep the double-decker in its fleet until the end of the next decade, Mr Clark said. This comes as it seeks to extend the lifespan of the aircraft with a lack of a clear alternative as the 777X is yet to be certified, while the A350-1000's engines are yet to prove their durability for the Gulf's operating conditions.
Iata's 81st annual meeting of airline chiefs, with IndiGo as the host carrier, is taking place amid the turbulence of global trade tensions and difficulties around meeting the industry's goal of net-zero emissions by 2050.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ethiopian Airlines Eyes Fleet Expansion with Regional Jet Acquisition
Ethiopian Airlines Eyes Fleet Expansion with Regional Jet Acquisition

Arabian Post

time3 hours ago

  • Arabian Post

Ethiopian Airlines Eyes Fleet Expansion with Regional Jet Acquisition

Ethiopian Airlines is evaluating the procurement of 20 to 30 regional or small narrowbody jets to enhance its domestic operations and replace ageing aircraft, according to Chief Executive Officer Mesfin Tasew Bekele. The airline is considering three aircraft models: Embraer's E-2 series, Airbus's A220, and Boeing's 737 MAX 7. The final number of aircraft to be ordered will depend on the selected model. The 737 MAX 7, which offers a larger seating capacity, is still awaiting certification, posing a potential challenge to its selection. The A220 and E-2 series are already in service with other carriers, providing a more immediate deployment option. Ethiopian Airlines, Africa's largest carrier, is experiencing robust travel demand. However, it faces challenges due to delayed aircraft deliveries and engine shortages. The airline has three Boeing 787s grounded because of a lack of Rolls-Royce engines and five turboprop aircraft grounded due to a shortage of Pratt & Whitney engines. Maintenance delays have extended engine turnaround times from the typical three months to six months or more.

UAE grants music management licence as streaming market tipped to hit $2.3bn
UAE grants music management licence as streaming market tipped to hit $2.3bn

Arabian Business

time3 hours ago

  • Arabian Business

UAE grants music management licence as streaming market tipped to hit $2.3bn

The UAE Ministry of Economy granted its second collective music management licence to Music Nation during a ceremony held at its headquarters in Dubai. The licence authorises the organisation to manage the distribution of rights on behalf of music creators and performers, while also ensuring nationwide compliance among music platforms. It comes as the streaming market is tipped to hit $2.3bn by 2030 and musical artists and producers in the region look to monetise works. UAE music management The announcement was made during an event attended by Abdullah Ahmed Al Saleh, Under-Secretary of the Ministry of Economy, and Dr. Abdulrahman Hassan Al Muaini, Assistant Under-Secretary for Intellectual Property. The Ministry confirmed that the licence was issued in accordance with Federal Decree-Law No. 38 of 2021 concerning copyright and related rights. It marks the continuation of the Ministry's efforts to strengthen intellectual property frameworks in the UAE, following the first collective management licence awarded to the Emirates Music Rights Association in April 2025. Al Saleh said: 'Under the vision of our wise leadership, the UAE has placed strategic emphasis on enhancing the competitiveness of its cultural and creative industries, driving their growth both regionally and globally. 'Recognising their vital role in national economic growth, we are committed to fostering public-private collaboration to cultivate an enabling environment for talent and innovation. 'By elevating the creative economy's legislative framework to world-class standards, we aim to expand the private sector's participation in it, in line with the National Strategy for Cultural and Creative Industries 2031.' The Under-Secretary said: 'The Ministry remains committed to establishing a world-class copyright governance system, drawing on international best practices. We are achieving this through strengthening legal and regulatory frameworks, fostering investment in creative sectors, and implementing robust collective management systems. 'These measures safeguard intellectual property rights while building creators' trust in the nation's creative ecosystem.' 'The collective music management licence serves as a catalyst for cultural innovation while safeguarding artists' intellectual property rights. Through establishing transparent revenue distribution systems and fair compensation mechanisms, it elevates the UAE's music industry – enhancing its global competitiveness and positioning our nation as a premier hub for creative enterprises'. Al Saleh emphasised that awarding the licence to Music Nation marks a strategic milestone in the UAE's commitment to fostering creativity. The initiative unlocks new opportunities for artists, writers, and producers while strengthening rights protection and leveraging creative-economy tools – ultimately positioning the sector as a key driver of national economic growth. Dr. Abdulrahman Hassan Al Muaini said: 'Our music industry is witnessing remarkable growth, fuelled by an expanding ecosystem of creative enterprises and world-class events. Dubai alone boasts 350 live music venues, while the national streaming market generated $841.9m in 2024 – projected to nearly triple to $2.3bn by 2030. 'To sustain this momentum, the Ministry of Economy is prioritising robust legislative frameworks that will further catalyse the creative economy and foster artistic innovation. 'Building on last month's inaugural licence granted to the Emirates Music Rights Association, today marks another significant milestone with the official authorisation of Music Nation. 'We are actively collaborating with local and global partners, including industry associations and legal experts, to share best practices that drive sector growth. 'In tandem, we're expanding awareness initiatives to ensure artists, composers, and producers fully leverage these licences to protect both their creative works and financial interests.' Rasha Khalifa Al Mubarak, Chairwoman of the Board of Directors for Music Nation, said: 'Today marks a pivotal moment for the UAE and Music Nation. After years of careful planning, Music Nation is positioned to become a cornerstone of music licensing, empowering the Emirates' vibrant creative industry. ''As an Emarati, I am honoured to establish a world-class music rights infrastructure that not only elevates local artists to greater heights, but also showcases our rich musical heritage and cultural traditions to the world. 'In partnership with industry leaders BMI and SoundExchange, our cutting-edge technology and services will protect music rights holders and propel the UAE's music economy to new frontiers'.

PureHealth expands Daman into property and casualty insurance
PureHealth expands Daman into property and casualty insurance

Gulf Business

time4 hours ago

  • Gulf Business

PureHealth expands Daman into property and casualty insurance

Image: Supplied Leading hospital and health insurance group PureHealth has announced the strategic expansion of its insurance arm, Daman, marking its transformation from a health-focused provider into a comprehensive, multi-line insurer with entry into the high-growth property and casualty (P&C) segment. As part of this evolution, Daman will adopt a new legal name: The National Insurance Company – Daman, reflecting its broadened scope and strengthened position within the UAE's dynamic insurance landscape. The transition reflects Daman's broader mission to meet the evolving protection needs of individuals and businesses across the emirates by offering them a broader suite of insurance services. As the insurance arm of PureHealth and the UAE's leading health insurer, Daman's expansion into the P&C segment supports its vision to become a comprehensive insurance provider and aligns with the group's commitment to deliver holistic care and coverage throughout all stages of life. Expansion part of PureHealth's broader strategy Shaista Asif, group CEO of PureHealth, stated: 'Daman's evolution reflects PureHealth's broader strategy to create a fully integrated healthcare and insurance platform that drives better customer service and long-term value creation. Expanding into the Property and Casualty segment enhances portfolio diversification, supports risk management across sectors, and reinforces our commitment to shaping a future-ready ecosystem aligned with the UAE's economic and social development priorities.' Khaled Binshaiban Almheiri, chairman of The National Insurance Company – Daman, commented: 'For nearly two decades, Daman has set the benchmark for health insurance in the UAE. This evolution marks a pivotal chapter – expanding our focus to offer a broader range of insurance solutions while maintaining the same rigour, trust and customer-first mindset our members know and value. By protecting individuals, businesses and assets, we are proud to play a central role in supporting the UAE's vision for sustainable wellbeing and long-term economic resilience.' Daman provides health coverage to more than three million members Daman currently provides health coverage to more than three million members across a network of over 3,000 healthcare providers in the UAE. Backed by a resilient operational backbone, Daman brings together AI-powered underwriting, industry-leading efficiency in claim settlement, and a multilingual service delivery infrastructure to seamlessly support its expansion into new insurance verticals, without compromising its longstanding reputation for excellence. As per the Central Bank of the UAE (CBUAE), the total number of written insurance policies for all types of insurance within the UAE increased to 14.6 million policies year-on-year in 2023, compared to 8.4 million policies in 2022, due to a higher number of property and liability insurance policies. The UAE's P&C insurance market is poised for further accelerated growth, which is projected to reach nearly $16.8bn by 2031, according to Verified Market Research. In response to this growing demand, the company will continue to operate under the well-established Daman was named the best perceived health insurance brand in the UAE, according to the UAE Healthcare 2024 report from Brand Finance – a recognition that reflects its commitment to excellence and mission to cultivate a healthier community. This strategic growth plan reinforces PureHealth's broader vision to advance the science of longevity and deliver the promise of holistic care, from prevention to protection, through a connected health and insurance ecosystem.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store