Boeing needs a “strong engineering lead” after chief executive Dave Calhoun steps down, but “only time will tell” if management changes will resolve the problems facing the US plane maker, Emirates Airline's president has said.
The US company also needs to establish a governance model that prioritises safety and quality, Tim Clark, an aviation industry veteran, told The National.
“It is little wonder that the machinists' union wants a seat on the board, simply to ensure that the voice of the factory floor is part and parcel of the decision process and is fully integrated into the governance model’s risk-management strategies,” Mr Clark said.
“Whether, yet again, this changing of the guard will resolve Boeing’s issues, only time will tell, but time, unfortunately, is not on their side.”
Emirates is one of Boeing's biggest customers, and Mr Clark has previously called for changes at the US plane maker because of quality concerns and delivery delays.
His latest remarks came after Boeing announced on Monday that Mr Calhoun would leave the company at the end of 2024 as part of a broad management restructuring within the troubled aerospace company.
As the board starts the search for his successor, its next chief executive must possess a strong background in aerospace engineering, overhaul the corporate culture and ensure a long-term track record of high quality production, industry analysts said.
George Ferguson, senior aerospace analyst at Bloomberg Intelligence, said candidates would need to have a “strong resume” in manufacturing at a company with a robust engineering culture.
Several names such as GE chief executive Larry Culp and Spirit Aerosystems' chief executive Patrick Shanahan have been suggested by analysts as candidates.
“Boeing needs a strong manufacturing leader at the top to convince employees that times have changed and that safety and quality are paramount,” Mr Ferguson said told The National.
“I believe the [proposed] purchase of Spirit Aerosystems, working with the supply chain to improve its ability to deliver, along with a new CEO, are the key to a turnaround.
“If they don't get it right here, the risk to the company is very large.”
Leadership in the time of crisis
Steve Mollenkopf, a Boeing director since 2020, who has been appointed as the company's chairman of the board, replacing Larry Kellner, will lead the search for Mr Calhoun's successor.
“Potential candidates would likely need a blend of aerospace expertise, leadership acumen and a proven track record in corporate transformation,” Linus Bauer, founder and managing director of consultants BAA & Partners, told The National.
The ideal candidate would have a deep understanding of aerospace engineering, experience in managing complex global supply chains and the ability to navigate regulatory landscapes.
“Strong ethical convictions and commitment to safety and quality would be crucial to steer the company through its current challenges and restore stakeholder trust,” Mr Bauer said.
The leadership changes at Boeing come months after a near-catastrophic incident in January, when a fuselage panel on a Boeing 737 Max 9 jet operated by Alaska Airlines, blew off mid-flight, pushing the plane maker into crisis. It has come under intense scrutiny by the Federal Aviation Administration, airline customers and the flying public.
New CEO's priorities
Boeing’s new leadership will face many challenges – investigations, financial losses, regulatory scrutiny and losing market share to European rival Airbus.
The next chief executive will have their work cut out for them.
“At the get-go, it will be 'build a quality product the first time, full stop'. Nothing else matters: They must not worry about the pennies as they change the culture and improve the product,” Mr Ferguson said.
“It will mean more employee training and more oversight, both of which cost money and hurt margins. But in the near term, that doesn't matter as much as saving Boeing's reputation.”
Topping the list of priorities will be to convince the FAA that Boeing’s quality system is under “full control and fit for purpose” and ensure that no more quality-related high-profile incidents happen, Richard Evans, senior consultant at Ascend by Cirium, told The National.
Increasing the 737 Max production rates (after caps imposed by the FAA) and getting certification for the 737 Max 7 and Max 10 models quickly are also important, he said.
Is management shake-up enough to fix Boeing's problems?
Boeing's overhaul of top management is one of the most dramatic changes in its history as it attempts to tackle the series of incidents plaguing the company.
While the move is a step in the right direction, it needs to be coupled with other changes that ensure consistent high-quality manufacturing, rare defects in products and on-time jet deliveries over the long run, analysts say.
“It’s difficult to say if these [management] changes will, in themselves, be enough to rebuild and restore confidence in Boeing. I think the proof will be in the subsequent actions, and demonstrating far better quality control,” Mr Evans said.
Finding the right chief executive, with a strong track record of manufacturing excellence, “would go a long way” in repairing Boeing's reputation but it will take a “track record” to convince airline customers, regulator, suppliers and passengers that Boeing is on the right track, according to Mr Ferguson.
Whether the management changes are enough to fundamentally overhaul Boeing's work culture “remains to be seen” as such transformation requires “deep, sometimes painful” changes that go beyond leadership shifts, Mr Bauer said.
They involve re-evaluating processes, values and accountability across all levels of the company.
“The effectiveness of these efforts will depend on the company's ability to demonstrate a sustained commitment to quality, safety and transparency. Restoring confidence is a long-term endeavour that will require consistent evidence of cultural and operational improvements,” he said.
Rich Maslen, head of analysis at Capa Centre for Aviation, said that it is still “too early” to say if the changes will be enough to put Boeing back on track or deep enough to make the required transformation.
The management overhaul appears to be a “cosmetic change”, said Mark Martin, head of aviation consulting firm Martin Consulting. There is “no magic wand” to bring about a dramatic shift in quality manufacturing control at Boeing, he said.
“Boeing can transform itself but that will require taking back control of the entire aircraft manufacturing process … Steps to transform Boeing have to be phased and can't be done overnight with a management change,” he added.
A Boeing representative told The National that teams have made progress in several critical areas.
At its supplier Spirit AeroSystems, Boeing has implemented additional inspection points at their facility in Wichita.
This week, Boeing will also deploy its Safety Management System to conduct reviews of travelled work within its four walls.
“We will not hesitate in stopping a production line or keeping an aeroplane in position,” the representative said.
Shifting focus from finance to quality
Appointing a new chief executive is an opportunity for Boeing to shift away from the focus on cash that has driven its strategy for the past decade and focus on quality and safety, according to analysts.
“Too much emphasis was on getting the last nickel and dime out for profit as Boeing lost sight of suppliers being part of the required ecosystem to support aircraft manufacturing,” Mr Ferguson said.
This means having a more supportive relationship with its suppliers.
“Boeing has to realise, in order to go to higher production levels and build a quality product, they need a strong supplier base. Near term, I think this means margins don't bounce back to pre-pandemic.”
Implications for the aviation industry
Boeing's brand has long been synonymous with high quality planes and air travel, with the motto: “If it's not Boeing, I'm not going”. However, that brand has weakened in recent months.
“The path ahead for Boeing is undoubtedly complex, necessitating a delicate balance between immediate operational needs and long-term strategic objectives,” Mr Bauer said.
“The company's ability to navigate these challenges will not only affect its own future but also have implications for the global aviation industry, including competition, innovation and safety standards.”
BUNDESLIGA FIXTURES
Friday (UAE kick-off times)
Borussia Dortmund v Paderborn (11.30pm)
Saturday
Bayer Leverkusen v SC Freiburg (6.30pm)
Werder Bremen v Schalke (6.30pm)
Union Berlin v Borussia Monchengladbach (6.30pm)
Eintracht Frankfurt v Wolfsburg (6.30pm)
Fortuna Dusseldof v Bayern Munich (6.30pm)
RB Leipzig v Cologne (9.30pm)
Sunday
Augsburg v Hertha Berlin (6.30pm)
Hoffenheim v Mainz (9pm)
MATCH INFO
Day 1 at Mount Maunganui
England 241-4
Denly 74, Stokes 67 not out, De Grandhomme 2-28
New Zealand
Yet to bat
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
The more serious side of specialty coffee
While the taste of beans and freshness of roast is paramount to the specialty coffee scene, so is sustainability and workers’ rights.
The bulk of genuine specialty coffee companies aim to improve on these elements in every stage of production via direct relationships with farmers. For instance, Mokha 1450 on Al Wasl Road strives to work predominantly with women-owned and -operated coffee organisations, including female farmers in the Sabree mountains of Yemen.
Because, as the boutique’s owner, Garfield Kerr, points out: “women represent over 90 per cent of the coffee value chain, but are woefully underrepresented in less than 10 per cent of ownership and management throughout the global coffee industry.”
One of the UAE’s largest suppliers of green (meaning not-yet-roasted) beans, Raw Coffee, is a founding member of the Partnership of Gender Equity, which aims to empower female coffee farmers and harvesters.
Also, globally, many companies have found the perfect way to recycle old coffee grounds: they create the perfect fertile soil in which to grow mushrooms.
Marathon results
Men:
1. Titus Ekiru(KEN) 2:06:13
2. Alphonce Simbu(TAN) 2:07:50
3. Reuben Kipyego(KEN) 2:08:25
4. Abel Kirui(KEN) 2:08:46
5. Felix Kemutai(KEN) 2:10:48
Women:
1. Judith Korir(KEN) 2:22:30
2. Eunice Chumba(BHR) 2:26:01
3. Immaculate Chemutai(UGA) 2:28:30
4. Abebech Bekele(ETH) 2:29:43
5. Aleksandra Morozova(RUS) 2:33:01
Temple numbers
Expected completion: 2022
Height: 24 meters
Ground floor banquet hall: 370 square metres to accommodate about 750 people
Ground floor multipurpose hall: 92 square metres for up to 200 people
First floor main Prayer Hall: 465 square metres to hold 1,500 people at a time
First floor terrace areas: 2,30 square metres
Temple will be spread over 6,900 square metres
Structure includes two basements, ground and first floor
Tamkeen's offering
- Option 1: 70% in year 1, 50% in year 2, 30% in year 3
- Option 2: 50% across three years
- Option 3: 30% across five years
ATP RANKINGS (NOVEMBER 4)
1. Rafael Nadal (ESP) 9,585 pts ( 1)
2. Novak Djokovic (SRB) 8,945 (-1)
3. Roger Federer (SUI) 6,190
4. Daniil Medvedev (RUS) 5,705
5. Dominic Thiem (AUT) 5,025
6. Stefanos Tsitsipas (GRE) 4,000 ( 1)
7. Alexander Zverev (GER) 2,945 (-1)
8. Matteo Berrettini (ITA) 2,670 ( 1)
9. Roberto Bautista (ESP) 2,540 ( 1)
10. Gaël Monfils (FRA) 2,530 ( 3)
11. David Goffin (BEL) 2,335 ( 3)
12. Fabio Fognini (ITA) 2,290
13. Kei Nishikori (JPN) 2,180 (-2)
14. Diego Schwartzman (ARG) 2,125 ( 1)
15. Denis Shapovalov (CAN) 2,050 ( 13)
16. Stan Wawrinka (SUI) 2,000
17. Karen Khachanov (RUS) 1,840 (-9)
18. Alex De Minaur (AUS) 1,775
19. John Isner (USA) 1,770 (-2)
20. Grigor Dimitrov (BUL) 1,747 ( 7)
Scoreline
Bournemouth 2
Wilson 70', Ibe 74'
Arsenal 1
Bellerin 52'
The specs
Engine: 2.0-litre 4cyl turbo
Power: 261hp at 5,500rpm
Torque: 405Nm at 1,750-3,500rpm
Transmission: 9-speed auto
Fuel consumption: 6.9L/100km
On sale: Now
Price: From Dh117,059
Killing of Qassem Suleimani
Jetour T1 specs
Engine: 2-litre turbocharged
Power: 254hp
Torque: 390Nm
Price: From Dh126,000
Available: Now
Indian origin executives leading top technology firms
Sundar Pichai
Chief executive, Google and Alphabet
Satya Nadella
Chief executive, Microsoft
Ajaypal Singh Banga
President and chief executive, Mastercard
Shantanu Narayen
Chief executive, chairman, and president, Adobe
Indra Nooyi
Board of directors, Amazon and former chief executive, PepsiCo
WIDE%20VIEW
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Rock in a Hard Place: Music and Mayhem in the Middle East
Orlando Crowcroft
Zed Books
Various Artists
Habibi Funk: An Eclectic Selection Of Music From The Arab World (Habibi Funk)
Company%20Profile
%3Cp%3E%3Cstrong%3EName%3A%3C%2Fstrong%3E%20Ovasave%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%20November%202022%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Majd%20Abu%20Zant%20and%20Torkia%20Mahloul%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Abu%20Dhabi%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20Healthtech%3Cbr%3E%3Cstrong%3ENumber%20of%20staff%3A%3C%2Fstrong%3E%20Three%20employees%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20Pre-seed%3Cbr%3E%3Cstrong%3EInvestment%3A%3C%2Fstrong%3E%20%24400%2C000%3C%2Fp%3E%0A
New UK refugee system
- A new “core protection” for refugees moving from permanent to a more basic, temporary protection
- Shortened leave to remain - refugees will receive 30 months instead of five years
- A longer path to settlement with no indefinite settled status until a refugee has spent 20 years in Britain
- To encourage refugees to integrate the government will encourage them to out of the core protection route wherever possible.
- Under core protection there will be no automatic right to family reunion
- Refugees will have a reduced right to public funds
Gulf Under 19s final
Dubai College A 50-12 Dubai College B
Killing of Qassem Suleimani
The stats
Ship name: MSC Bellissima
Ship class: Meraviglia Class
Delivery date: February 27, 2019
Gross tonnage: 171,598 GT
Passenger capacity: 5,686
Crew members: 1,536
Number of cabins: 2,217
Length: 315.3 metres
Maximum speed: 22.7 knots (42kph)
Simran
Director Hansal Mehta
Stars: Kangana Ranaut, Soham Shah, Esha Tiwari Pandey
Three stars
Opening Premier League fixtures, August 14
- Brentford v Arsenal
- Burnley v Brighton
- Chelsea v Crystal Palace
- Everton v Southampton
- Leicester City v Wolves
- Manchester United v Leeds United
- Newcastle United v West Ham United
- Norwich City v Liverpool
- Tottenham v Manchester City
- Watford v Aston Villa
Profile of RentSher
Started: October 2015 in India, November 2016 in UAE
Founders: Harsh Dhand; Vaibhav and Purvashi Doshi
Based: Bangalore, India and Dubai, UAE
Sector: Online rental marketplace
Size: 40 employees
Investment: $2 million
COMPANY PROFILE
Company name: BorrowMe (BorrowMe.com)
Date started: August 2021
Founder: Nour Sabri
Based: Dubai, UAE
Sector: E-commerce / Marketplace
Size: Two employees
Funding stage: Seed investment
Initial investment: $200,000
Investors: Amr Manaa (director, PwC Middle East)
Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
The%20Kitchen
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Stamp%20duty%20timeline
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Results:
6.30pm: Mazrat Al Ruwayah (PA) | Group 2 | US$55,000 (Dirt) | 1,600 metres
Winner: AF Al Sajanjle, Tadhg O’Shea (jockey), Ernst Oertel (trainer)
7.05pm: Meydan Sprint (TB) | Group 2 | $250,000 (Turf) | 1,000m
Winner: Blue Point, William Buick, Charlie Appleby
7.40pm: Firebreak Stakes | Group 3 | $200,000 (D) | 1,600m
Winner: Muntazah, Jim Crowley, Doug Watson
8.15pm: Meydan Trophy Conditions (TB) | $100,000 (T) | 1,900m
Winner: Art Du Val, William Buick, Charlie Appleby
8.50pm: Balanchine Group 2 (TB) | $250,000 (T) | 1,800m
Winner: Poetic Charm, William Buick, Charlie Appleby
9.25pm: Handicap (TB) | $135,000 (D) | 1,200m
Winner: Lava Spin, Richard Mullen, Satish Seemar
10pm: Handicap (TB) | $175,000 (T) | 2,410m
Winner: Mountain Hunter, Christophe Soumillon, Saeed bin Suroor
In numbers: China in Dubai
The number of Chinese people living in Dubai: An estimated 200,000
Number of Chinese people in International City: Almost 50,000
Daily visitors to Dragon Mart in 2018/19: 120,000
Daily visitors to Dragon Mart in 2010: 20,000
Percentage increase in visitors in eight years: 500 per cent
if you go
The flights
Emirates offer flights to Buenos Aires from Dubai, via Rio De Janeiro from around Dh6,300. emirates.com
Seeing the games
Tangol sell experiences across South America and generally have good access to tickets for most of the big teams in Buenos Aires: Boca Juniors, River Plate, and Independiente. Prices from Dh550 and include pick up and drop off from your hotel in the city. tangol.com
Staying there
Tangol will pick up tourists from any hotel in Buenos Aires, but after the intensity of the game, the Faena makes for tranquil, upmarket accommodation. Doubles from Dh1,110. faena.com
SPECS
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Polarised public
31% in UK say BBC is biased to left-wing views
19% in UK say BBC is biased to right-wing views
19% in UK say BBC is not biased at all
Source: YouGov
The specs
Engine: four-litre V6 and 3.5-litre V6 twin-turbo
Transmission: six-speed and 10-speed
Power: 271 and 409 horsepower
Torque: 385 and 650Nm
Price: from Dh229,900 to Dh355,000
What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
Racecard
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Real estate tokenisation project
Dubai launched the pilot phase of its real estate tokenisation project last month.
The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.
Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.
