Emirates is set to receive its first Airbus A350 aircraft in October, with a total of five Airbus aircraft expected to be delivered to the airline by the end of 2024.
Adel Alredha, Deputy President and Chief Operations Officer - Emirates Airline, said on the sidelines of the first edition of Dubai AI and Web3 Festival that the airline will receive five Airbus aircraft by the end of December this year, while no Boeing aircraft have been received so far.
He added: ''Due to delays in aircraft deliveries, we have had to extend the service of some of our current aircraft.''
Alredha also said the company's aircraft retrofit programme covers 190 aircraft, following an increase in the number of aircraft targeted for modernisation, according to a plan that costs over $3 billion (AED 11 billion).
Alredha explained that the delivery challenges date back years, as many companies involved in aircraft manufacturing were affected during the COVID-19 pandemic, either by reducing production or laying off a percentage of their workforce.
As a result, the demand for air travel was very high, exceeding these companies' ability to meet market demands and reorganise their operations effectively.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
The UAE Humanitarian Ship, carrying 7,200 tonnes of food, shelter and medical supplies, has arrived at Egypt’s Port of Al Arish, ahead of its transfer to the Gaza Strip to support urgent relief efforts.
Dubai Municipality has unveiled the Dubai Declaration on the Future of Urban Governance, a landmark global accord launched at the 15th Asia Pacific Cities Summit, hosted at Expo City.