Latest news with #QatarAirways
Yahoo
3 days ago
- Business
- Yahoo
Trump Says His New Jet Gifted by Qatar Is ‘Much Too Big'
President Donald Trump shrugged off ethics and security concerns to accept a new luxury plane from Qatar—now he's complaining about its size. 'It's too big,' Trump told reporters Wednesday. 'Frankly it's too big, much too big.' He nonetheless touted the jet as 'beautiful, big' and 'magnificent,' offering no further explanation for his issue. Measuring 250 feet long, the Boeing 747-8 indeed stretches 18 feet beyond the older Boeing 747-200B that currently serves as Air Force One, according to The Guardian. But the $400 million gift from Qatar's royal family, dubbed a 'flying palace,' would seem to suit Trump's taste for the grandiose just fine. According to an 'aircraft specification summary' document posted online when the plane was listed for sale several years ago, it has at least three lounges, two bedrooms, nine bathrooms, five galleys and a private office. The art-deco inspired interiors feature oversized couches and recliners, wood paneling, built-in bookshelves, and big-screen TVs. Moreover, one reason Trump apparently wanted the new plane so badly is that the size of the current Air Force One made him feel insecure when parked next to jets owned by Middle Eastern royals. 'When you land and you see Saudi Arabia, and you see UAE, and you see Qatar, and you see all this, and they have these brand new Boeing 747s mostly, and you see ours next to it, this is like a totally different plane,' Trump told Fox News' Sean Hannity. 'It's much smaller,' he said. 'It's much less impressive—as impressive as it is.' The new jet is technically a hand-me-down, having once been used by the division of Qatar Airways that serves the royal families and other top government officials. It now sits at an airport in San Antonio, Texas, where it's being reworked by the U.S. Air Force to meet presidential requirements. While Trump boasted Wednesday that he got the plane for 'free,' Fortune reported that modifying the jet may cost taxpayers up to $1 billion. And at the end of Trump's term, the jet won't stay in service—instead it will be transferred to Trump's presidential library foundation. Trump has come under fire from both Democrats and Republicans for accepting such a lavish gift from a foreign government. A new CNN report has contradicted Trump's 'free gift' narrative, with multiple sources claiming that Trump sought out the jet after realizing that Boeing wouldn't be able to deliver a replacement for the aging Air Force One until 2027. Two new Boeing 747-8 planes are currently being specially customized to become the next generation of Air Force One, but the project has been hit with delays. 'We're waiting too long from Boeing,' Trump said Wednesday, 'Boeing has got to get its act together.'
Yahoo
3 days ago
- Business
- Yahoo
3 Reasons Boeing Stock Is a Buy
The first-quarter report showed progress. A deal with Qatar Airways lifted optimism. A new settlement with the Department of Justice is in the works. 10 stocks we like better than Boeing › Boeing (NYSE: BA) stock is up around 14% so far this year, and analysts have been raising their price targets after the company reported a narrower-than-expected first-quarter loss in late April. While it's been a bumpy flight for Boeing investors in recent years, there are clear signs that the embattled aerospace titan is making real progress on its turnaround plan. Here are three reasons you should consider starting a position in Boeing -- or adding to your position -- right now. During the company's first-quarter earnings call on April 23, CEO Kelly Ortberg said that Boeing's "recovery plan is in full swing." Boeing's first-quarter results provided plenty of fuel for Ortberg's optimism. Boeing reported a net loss of $31 million, a drastic improvement over the $355 million loss in Q1 2024 (and a drop in the bucket compared to its $11.8 billion full-year loss from 2024). Boeing also delivered a rare earnings beat, with a core loss of $0.49 per share that topped analysts' estimates by $0.81. First-quarter revenue was up 18% to $19.5 billion. The big story behind the top-line growth was Boeing's continued progress on stabilizing its key commercial programs. Boeing delivered 130 commercial jets during the quarter -- compared to 83 in the year-ago quarter -- lifting commercial aircraft sales 75% higher. Notably, the company continued to ramp up production of the 737 MAX, the latest iteration of Boeing's best-selling jet. Ortberg emphasized that Boeing is making strides in its quality control, which has been at the heart of the company's manufacturing woes. On the all-important 737 MAX production line, Boeing has seen a roughly 50% reduction in "traveled work" -- work not done where originally planned -- and a 25% reduction in rework hours, according to Ortberg. In layman's terms, that means more work is getting done the right way -- the first time. "Even more importantly, almost every customer I talk with reports an improvement to the quality of the airplane," Ortberg said during the Q1 conference all. Just a few weeks after the Q1 positive earnings surprise, Boeing and Quatar Airways announced that the airline will buy up to 210 Boeing widebody jets in a deal that the White House valued at $96 billion. The size and scope of the deal are significant. Not only is it a vote of confidence from one of the world's most respected airlines, but it also underscores the robust global demand for Boeing's widebody jets -- particularly the fuel-efficient 787 Dreamliner. For investors, the record-breaking agreement signals that Boeing's commercial business -- which has been at the center of Boeing's struggles and recovery efforts -- is finally regaining altitude. However, the deal comes with an asterisk. As part of the agreement, Qatar Airways reportedly cancelled a 2022 order for 25 Boeing 737 MAX 10 jets. Given the fact that the FAA has yet to certify the MAX 10 variant for delivery, the cancellation isn't a big surprise. Still, it highlights the urgent need for Boeing to resolve its 737 MAX production issues and certification delays before it loses out on any additional orders. The legal fallout from the crashes of Lion Air Flight 610 in 2018 and Ethiopian Airlines Flight 302 in 2019 has cast a long shadow over Boeing's operations and stock performance. Boeing agreed to a $2.5 billion settlement with the Department of Justice in 2021. As part of the three-year "deferred prosecution agreement," Boeing admitted that two employees misled regulators about a key flight-control system, contributing to the crashes that killed 346 people. But things got more complicated after a door plug blew out of an Alaska Airlines 737 MAX in January 2024 -- just days before the DOJ settlement was set to expire. That prompted the DOJ to conclude that Boeing had violated the terms of the earlier deal. Prosecutors reopened the case, and it looked like Boeing might face criminal prosecution and potentially even a felony conviction. But a resolution appears to be on the horizon. On Friday, news outlets reported that the Justice Department had reached a preliminary agreement with Boeing, enabling the company to avoid prosecution for the fatal 737 MAX crashes. While the deal will cost Boeing more than $1.1 billion -- including a $444.5 million contribution to a crash victims' fund and a $445 million investment in compliance, safety, and quality programs -- the jet maker will avoid being classified as a felon, according to CNBC. The implications for investors are enormous. A felony conviction could have jeopardized Boeing's ability to win government contracts from the Department of Defense, NASA, and other agencies (a business segment that generated $6.3 billion for the company in Q1 2025). The nonprosecution settlement eliminates that risk, and it takes a criminal trial -- which was scheduled for next month -- off the table. If finalized, the DOJ deal should go a long way toward restoring investor confidence and removing a cloud that's been hovering over Boeing for years. Boeing isn't out of the woods just yet, though. Lingering quality control concerns, ongoing regulatory scrutiny, and President Donald Trump's on-again/off-again tariffs could make for a turbulent flight path, at least in the short term. Still, with an improving balance sheet, steadying production, and a $545 billion order book, Boeing looks better-positioned today than it has been in years. Even as the stock price has run up a bit lately, there's plenty of runway ahead for this aerospace giant. Before you buy stock in Boeing, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Boeing wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,389!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $830,492!* Now, it's worth noting Stock Advisor's total average return is 982% — a market-crushing outperformance compared to 171% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 19, 2025 Josh Cable has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. 3 Reasons Boeing Stock Is a Buy was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
3 days ago
- Business
- Bloomberg
Qatar Airways CEO & Ex Virgin Australia CEO on Aviation Industry
Qatar Airways CEO Badr Mohammed Al Meer and Former Virgin Australia CEO Jayne Hrdlicka spoke to Bloomberg's Francine Lacqua at the Qatar Economic Forum on the future of the aviation industry, and the growing competition between Airbus and Boeing, the two leading global manufacturers of commercial aircraft. (Source: Bloomberg)
Daily News Egypt
5 days ago
- Daily News Egypt
A Beginner's Guide to Exploring Cairo: What to Know Before You Go
Cairo is a city that mixes ancient history with modern culture. It provides a unique experience for first-time visitors via valuable tips and a comprehensive six-day itinerary. To ensure a smooth trip to this country, book your air ticket with Qatar Airways and grab Avios for future upgrades and flights. Let us dive in as Cairo beckons you. Planning is important for a first-time visit to Cairo. Be prepared to navigate Cairo with utmost confidence. Some of the essential tips while visiting Cairo are as follows: When You Visit? Summers can be extremely hot, with temperatures soaring over 40 degrees Celsius. For an unforgettable experience, consider visiting from October to April, when the weather is milder. December and January are peak months, so either visit earlier or later for minimum crowds. By the end of September, it is hot but still the country experiences a pleasant atmosphere with fewer people around. What are the Essential Things to Pack? Preparing a tour to Cairo involves taking into consideration the existing climate and cultural norms. Visitors should choose only lightweight and cotton clothes to prevent overheating. Plus, dress modestly, particularly at religioussites. However, women might require a scarf to cover their hair. To walk seamlessly over uneven streets, choose only comfortable walking shoes. Besides, pack some of the essentials like sunscreen, and a reusable water bottle along with a tiny daypack. Even balancing comfort and cultural respect is key while planning a trip to Cairo. Visa Information Most travellers require a visa to access Egypt. They can apply for an e-visa either online or obtain a visa on arrival. Travel Insurance Cairo is indisputably an adventure with unanticipated circumstances. For medical emergencies and trip cancellations, travel insurance is a must. You must select a policy that covers your scheduled activities including camel riding. Utilize Funds for Small Purchases The majority of hotels and restaurants accept credit/debit cards, but cash is still a preferred option for small purchases at local restaurants and markets. Keep Egyptian pounds handy in such situations. One could even avail of an additional discount during negotiation in the market unless you wish to pay in cash. Exploring Cairo Exploring Cairo can be exciting but not a complicated task. However, it is crucial to be familiar with how to get around the city to make the most out of the trip. Tourists should gain a better understanding of the available transport options like Uber, Metro, and local taxis. Safety tips, cost-saving suggestions, and traffic-averting tactics will be provided by the guide. Do not forget to download the Uber app before the trip and you can expect traffic delays. The only way to enhance your traveling experience and ensure an enjoyable tour is by getting familiar with how to move around the city. Accommodation in Cairo Picking a suitable spot to reside in Cairo is important for a first-time visitor. As each place offers a different environment. Your traveling experience is based on the selection of a hotel. Tourists must consider going through the detailed guide regarding where to stay. It offers comprehensive recommendations associated with budget, boutique, and accommodations. Experts suggest choosing the Pyramids Temple Guest House in Giza for their remarkable hospitality along with great views of the Pyramids. To experience Cairo at its fullest, travel way beyond tourist spots and engage with local life. If you prefer to witness daily life, consider visiting the streets, and markets and engaging in conversation with local people. For a promising visit, indulge yourself in the culture of Cairo. Some of the valuable tips to connect with the local culture of Cairo are as follows. Food Scene of Cairo One of the ideal ways to enjoy Cairo's culture is through its cuisine. Check out some of their popular dishes like taameya, Baladi bread, and koshary. Visit nearby street food stalls to have genuine flavours. You may even ask the locals for recommendations. Respect Local Customs and Etiquette To establish connections in Cairo, getting familiar with local customs is important. A gentle smile, greeting 'Salaam Alaikum', and displaying patience is crucial. Modest attire is much appreciated, particularly at mosques. Besides, do not forget to remove your shoes before accessing an individual's home. Be Careful About the Tipping Etiquette Tipping is quite common at restaurants, hotels, and bathroom attendants in Cairo. Consider carrying tiny bills and providingtips for the services. Exploring Local Markets beyond Khan El Khalili Khan El Khalili is a popular market in Cairo. But for a unique experience, consider visiting small bazaars, such as Souq El Gomaa and Ataba Market. These areas are packed with spices and handmade items delivered by the locals. Besides, it is an excellent spot to engage in a conversation with vendors. Familiar with a Few Arabic Phrases Although most of the individuals in Cairo communicate in English, it is better to be familiar with some of the basic Arabic phrases that prove beneficial in the long run. The most common phrases are 'shukran' (thank you) and 'salaam' (hello), which are useful in several daily interactions. Never Say 'No' to Tea Image Resource: The residents of Cairo better known as Cairenes love their tea. It is a symbol of a strong bond. Right from vendors to hosts, exchanging tea boosts meaningful conversations about life in Cairo. The actual magic lies within the hearts of people in Cairo. By welcoming cultural moments, you obtain long-lasting warmth and spirit way beyond the major landmarks. Conclusion Cairo is an excellent city where modern and ancient life co-exist. It generates an energy that is complicated to resist. Despite being chaotic and overwhelming, it adds to the city's charm. Ensure that you plan your tour accordingly before you go. For instance, consider booking your flight tickets via Qatar Airways where you can benefit from baggage allowance and instant access to lounges. Additionally, getting familiar with local culture and customs will improve your visit to Cairo. .
Travel Daily News
5 days ago
- Business
- Travel Daily News
Comply365 join forces with Qatar Airways
Qatar Airways partners with Comply365 to implement DocuNet and PureIntell, enhancing operational content management, compliance, safety, and data-driven decision-making across all departments. BELOIT, WIS. / BRISTOL, ENGLAND / DOHA, QATAR – Comply365, LLC, a leading global provider of operational content, safety and training management solutions for the global aviation industry, announced its partnership with Qatar Airways, the national carrier of the State of Qatar and one of the world's fastest-growing airlines, to implement its DocuNet Documentation Management platform. Qatar Airways, which currently flies to over 170 destinations worldwide through its Doha hub, has selected Comply365's next-generation Operational Content Management (OCM) solution to elevate its Group-wide approach to centrally managing and delivering structured authoring, compliance management and document distribution. The partnership will see Qatar Airways implement DocuNet Authoring to unify, streamline and manage company documentation as well as complex documentation from multiple OEMs into a centralized, structured system. This continues the Qatar Airways journey in streamlining documentation processes and ensuring consistency across all divisions and departments – Flight Operations, Engineering, Cabin Services, Ground Services etc., by ensuring all teams, both in the cockpit and on the ground, have access to the most up-to-date documentation where they need it. Additionally, Qatar Airways will deploy PureIntell by Comply365 to empower its workforce with contextual, actionable data analysis and enhanced decision-making. 'We are constantly striving to enhance our operational capabilities through innovation and technology,' said Ashish Jain, Chief Risk Officer (CRO), Qatar Airways. 'Comply365's advanced operational content and business intelligence solutions will provide us with a powerful solution to manage and deliver critical operational content seamlessly, supporting safety, compliance, and decision-making throughout Qatar Airways Group.' 'We are proud to welcome Qatar Airways to our global community of progressive airlines,' said Ilia Kostov, CEO of Comply365. 'With our next-generation OCM solution, which brings together the industry-leading capabilities of Comply365's ProAuthor and Vistair's DocuNet, we look forward to supporting Qatar Airways' commitment to operational excellence, safety, and superior efficiency.'
