Companies
Airbus shaves 20-year demand forecast, sees quicker substitutions
Published
3 years agoon
Airbus (AIR.PA) shaved its gauge for complete business plane interest by 0.5% contrasted and pre-pandemic projections on Saturday, offset by a more splendid viewpoint for vessels as jetmakers battle for debut deals of new freight planes.
Airbus refreshed the generally watched figure just before the Dubai Airshow, where a battered flying industry is faltering from the deficiency of two years’ development to COVID-19, while laying out its most recent ecological plans in the midst of developing environment pressure.
Airbus said it expected a market all out of 39,020 jetliner conveyances in the following 20 years, partially lower than the 39,213, it anticipated two years prior in its last moving estimate.
The gauge for little planes like the top of the line A320 was basically level at 29,690 units, however, the viewpoint for long stretch planes that customarily rule the district fell 3.1%.
The view repeats that of Boeing which in September cut its 20-year conveyance gauge by 1% contrasted with 2019. That tempered more prominent negativity seen from Boeing as the emergency topped in 2020.
Airbus gave somewhat more fragile figures for medium planes – an important landmark that incorporates its longest-range narrrow-body stream, the A321XLR. Its deals have been causing a migraine for Boeing at the top finish of its as of late pained 737 MAX range.
Following two years of COVID-related travel limitations, Airbus cut its figure for normal yearly development in traveler traffic more than 20 years to 3.9% from 4.3% in pre-pandemic 2019.
Traffic and aircraft benefits set the rhythm for plane requests.
“We have lost viably two years of traffic development due to the pandemic,” Airbus Chief Commercial Officer Christian Scherer said.
In any case, Airbus raised its 20-year conveyance conjecture for tankers by 2.9% to 880 units and anticipated a request soon for another A350 vessel. Boeing said it is in cutting edge conversations with likely purchasers for its new 777X tanker. peruse more
Airbus said a rising portion of complete plane conveyances is supplant flies currently in the market instead of to working with the as of late checked development plans of numerous carriers.
That accentuation reflects assumptions that aircrafts will resign less effective planes prior after COVID-19, yet additionally addresses a delicate point for the business as some natural gatherings target what they consider to be over-extension.
Airbus said 39% of conveyances would supplant more seasoned planes with higher discharges, contrasted and 36% in a prior figure.
Quicker retirements stress a few providers and lessors who dread the financially valuable existence of planes will fall, constraining them to pass up help incomes or push up deterioration costs.
Scherer excused providers’ analysis of Airbus’ arrangements to bring yield up in coming years, saying this would not flood the market yet would rather modernize armadas and check emanations.
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Announcements
UAE fuel prices announced for September 2024
Published
1 week agoon
August 31, 2024By
SudhashreeThe UAE fuel price committee on Saturday announced petrol and diesel prices for the month of September 2024.
Super 98 petrol will cost Dh2.90 a litre, compared to Dh3.05 a litre in August, while Special 95 will cost Dh2.78 a litre, compared to Dh2.93 a litre the previous month. E-Plus category petrol will be available for Dh2.71 a litre, compared to Dh2.86 a litre in August, while diesel will now cost Dh2.78 a litre, compared to Dh2.95 a litre the previous month.
UAE Fuel Price Committee announces prices for September#WamNewshttps://t.co/Jwis5fd2Ah pic.twitter.com/qOspYYVge4
— WAM English (@WAMNEWS_ENG) August 31, 2024
he UAE has been revising retail petrol prices on the last day of the month ever since the government deregulated oil prices in August 2015 to bring them at par with the global rates.
The approved fuel prices by the Ministry of Energy, according to the average global price of oil, whether up or down, after adding the operating costs of distribution companies.
Announcements
Secure Connection Brings Honeywell-Licensed Solutions to Saudi Market in Landmark Move
Published
3 weeks agoon
August 15, 2024By
SudhashreeSecure Connection, the Hong Kong-based electronic products manufacturer, announced its strategic expansion into the Saudi Arabian market with its complete range of Honeywell-licensed products. Secure Connection is an authorized trademark licensee for Honeywell International Inc. and has exclusive rights to manufacture, market, sell, and support a wide range of Honeywell-licensed products in Southeast Asia, South Asia, Middle East Asia & Africa, covering a wide array of product categories such as Air Purifiers, Home and Personal Audio products, Mobile and IT accessories, and Structured Cabling Systems.
Mr. Mohit Anand, CEO, Secure Connection Limited, shared insights on the significance of this market expansion, stating, “Saudi Arabia presents an exciting opportunity for us. Saudi Arabia is known for its vibrant economy and dynamic consumer landscape and presents tremendous opportunities for our Honeywell-licensed product range. We are confident and excited about our launch in the Kingdom and look forward to delighting the consumers with our comprehensive product offerings. We are extremely happy to have partnered with SAMIR Trading & Marketing Company as our distribution partner in Saudi Arabia”.
Samir Trading & Marketing company a leading technology product distributor in Saudi Arabia who aligns with Secure Connection’s long-term vision and shares the commitment to deliver exceptional consumer experiences. Mr. Saed Al-Hindi, CEO, SAMIR Trading & Marketing Company “We are excited to embark on this partnership with Secure Connection. Our shared commitment to delivering exceptional customer experiences aligns perfectly. Together, we will introduce innovative Honeywell-licensed products that cater to the evolving needs of Saudi consumers.”
This move represents a noteworthy step for Secure Connection’s global growth plans by exemplifying its dedication to pursuing new prospects and business opportunities. Secure Connection is committed to the Saudi Arabian market and is demonstrating this by investing resources to help create a robust business and footprint across the country.
Announcements
Burjuman or Union ? RTA reveals Dubai’s busiest metro station
Published
4 weeks agoon
August 12, 2024By
SudhashreeThe Dubai Metro was the top choice of public transport in the emirate, accounting for 37 per cent of all commuters in the first half of 2024. Overall public transport ridership clocked 361.2 million in the first six months of the year — a 6 per cent increase over the same period in 2023. BurJuman and Union stations saw the highest number of passengers, with BurJuman recording 7.8 million users and Union station 6.3 million users.
The Roads and Transport Authority (RTA) counts Metro, Tram, public buses, marine transport, taxis, e-hail vehicles, smart rental vehicles, and on-demand buses while computing public transport ridership numbers. BurJuman and Union stations saw the highest number of passengers, with BurJuman recording 7.8 million users and Union station 6.3 million users.
#RTA announced that the number of users of public transport and shared mobility in Dubai—including Metro, Tram, public buses, marine transport, Taxis, e-hail vehicles, smart rental vehicles, and on-demand buses—reached about 361.2 million in the first half of 2024. This… pic.twitter.com/nirGThtXOT
— RTA (@rta_dubai) August 11, 2024
Announcing these figures on Sunday, theDubai Roads and Transport Authority (RTA) said the number of users of public transport and shared mobility means in Dubai, including Metro, Tram, public buses, marine transport, taxis, e-hail vehicles, smart rental vehicles, and on-demand buses—reached saw a six per cent increase compared to around 340.5 million users in the first half of 2023. The daily average number of riders in the first half of this year reached 1.98 million, compared to 1.88 million in the same period in 2023.
His excellency Mattar Al Tayer, director general, chairman of the board of executive directors of the RTA said the authority plans to improve public transport even further. He said: “RTA’s strategic and operational plans are based on achieving multi-modal integration of all public transport and shared mobility means to ensure smooth mobility across Dubai. This included developing and expanding road networks and all elements of public transport — metro, tram, buses, marine transport, first and last-mile solutions, and shared mobility— along with an enhanced and integrated pedestrian and cycling infrastructure.
“The RTA also focuses on traffic management systems to maximise the efficiency of roads and public transport and implements policies to encourage the public to reduce reliance on private vehicles and increase the use of public and shared transport,” the RTA chief added.