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.
The UAE and Argentina have announced the launch of negotiations for a Comprehensive Economic Partnership Agreement (CEPA), marking a new step in efforts to deepen trade and investment relations.
Meraas, part of Dubai Holding Real Estate, has awarded a contract worth nearly AED 1 billion to GCC Contracting to build 272 villas and townhouses in Phase 7 of Nad Al Sheba Gardens.
Meta CEO Mark Zuckerberg on Wednesday has unveiled a small handheld gadget called Meta Charm for using its new Muse AI assistant, taking the company's hardware efforts beyond its successful smart glasses.
The Central Bank of the UAE has imposed strict enforcement measures on the UAE branches of Bank Melli Iran following violations of regulatory requirements, including legislation related to anti-money laundering and combating the financing of terrorism and proliferation financing.
A free trade agreement between India and New Zealand, signed in April, will come into force on October 20, Indian trade minister Piyush Goyal said on Monday, as New Delhi seeks to boost exports and attract investment amid shifts in global trade.
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