Thursday, November 7, 2024
34 C
Lagos

Qatar Airways Cancels $5.3bn Airbus A320 Order over Delays

Qatar Airways has canceled the delivery of the first Airbus A320 aircraft over delays caused by engine problems.

Qatar Airways had ordered 50 A320neo-family aircraft for $5.3 billion in 2011 and was to receive the first one last October.

However, the aircraft faced software and hydraulics problems and the carrier’s CEO, Akbar Al Baker expressed his discontent about A320neo PW1100G engines, stating that they were not properly tested for high temperatures in the Gulf region. The problems led to months of delays and Akbar Al Baker claimed that Qatar Airways was allowed to invoke the cancellation cause.

Akbar Al Baker claimed that Qatar Airways should have had 5 A320neos in service by this summer. As a result of the delays, it was forced to reduce flight frequency of 15 routes to Boston, Houston and Miami among others. The company’s CEO stated: “It is making a huge impact on my bottom line. We are, quite frankly, screaming.”

The only way for the airline to fulfil the commitments to their customers is to lease. “We will have no alternative but to lease. We are awaiting final response from Airbus,” said Akbar Al Baker. We are not talking about compensation. It is about us getting planes so we can meet network requirement.”

Akbar Al Baker also claimed that the airline could walk away from more orders of Airbus A320 neo. However, he still expects that plane manufacturer will be able to deliver 10 of the larger A350 airplane by the end of calendar year.

spot_img
spot_img
spot_img

Hot this week

Awele Elumelu Seeks Increased Female Leadership in Insurance Sector

L-R: Lady Margaret Moore, President, Africa Insurance Women Association...

NCDMB ES, Lagos Gov Commission Bell Oil and Gas’ Pipe Threading, Valve Assembly Plant

A multi-million-dollar pipe threading and valve assembly facility built...

Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024

Polaris Bank's commitment to digital innovation and excellence has...

Veritas Kapital Assurance Reports 117% Profit Growth in Q3 2024, Underscoring Resilience, Strategic Excellence

Veritas Kapital Assurance Plc has announced a remarkable financial...

SUNU Nigeria’s Free Mammogram/Breast cancer Screening Receives Positive Feedback

SUNU Assurances Nigeria Plc, a leading insurance company and...

Topics

NCC Disowns Fake LinkedIn Account of Umar Danbatta  

The Nigerian Communications Commission (NCC) has been made aware...

Sino-Nigerian Economic Integration: Deepening Trade and Capital Links

The week-long visit of President Muhammadu Buhari to China...

Africa, ME IT Spending to Hit $23.22bn in 2020

The influence of Lines of Business (LoBs) over enterprise...

AfDB, AU Partner on African Economic Transformation

The Chairperson of the African Union Commission (AUC), Moussa...

Stanbic IBTC Zero Balance Account Gives Savers an Edge

If you are like the average Nigerian youth who...

NAICOM, PenCom Unveil MoU on Annuity, De-marketing of Operators

Mr. O.S. Thomas Commissioner for Insurance NAICOM The National Insurance Commission (NAICOM)...

Red Star Express Restates Commitment to Compliance with Regulations

Red Star Express Plc, a licensee of Federal Express...

PZ Cussons Redefines ‘Doing Good Business’ Concept

The CSR Committee of PZ Cussons has developed a...
spot_img

Related Articles

Popular Categories

spot_imgspot_img