Lion Air Mentari’s owner is sketching out plans to become one of the world’s largest budget carriers, while also preparing to scrap $22 billion in Boeing jet orders out of anger at the manufacturer’s response to an October air disaster.
Rusdi Kirana, the co-founder of Lion Air, Indonesia’s biggest airline, mapped out the seemingly contradictory goals in an interview with Bloomberg on Tuesday. The crash that killed all 189 people aboard a Boeing 737 Max won’t derail his ambition to expand the budget carrier to an eventual fleet of 1,000 aircraft, he said. Lion Air may also list its Indonesian unit in 2019, he added.
But it’s not clear if Boeing, the airline’s long-time trade partner, would play a role in that growth given tensions following the crash of a two-month-old aircraft. The budget operator is firming up a formal document to press ahead with canceling its remaining 737 orders, Mr Kirana said, claiming the US planemaker unfairly implicated Lion Air in the deadly crash.
He has also sent a letter to the Chicago-based company outlining his objections to the way the aircraft maker handled the fallout from the first fatal crash of a 737 Max jet, Mr Kirana said in Jakarta.
“It was very cunning and very inappropriate, which I think is without any ethics,” Mr Kirana said, explaining his plan to scrap the orders. “They did it to one of their biggest customers. They created an opinion that we did not maintain our aircraft properly.”
A preliminary report last month from Indonesia’s transportation safety commission detailed maintenance issues with the doomed Max, contrasted how pilots handled confusing anti-stall warnings on the final two flights and recommended that Lion Air improve its safety culture.
Boeing responded with a lengthy statement that, like the report, alluded to but didn’t mention by name a new system on the 737 Max that was activated by erroneous data from a sensor. The software repeatedly tilted the plane’s nose downward as pilots battled for control amid a cacophony of alarms.
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Read more:
Boeing sees continued growth of aircraft financing to $143 billion in 2019
Divers recover jet's flight recorder on Indonesia seafloor
How safe is air travel?
More body parts found from crashed Indonesian jet
About the 737 Max: the plane at the centre of the Lion Air crash
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“This is a tough situation and understandable that there’s some challenges around that, but this is a highly respected customer. We’re in constant communication with Lion Air,” Boeing Chief Executive Officer Dennis Muilenburg said in a December 6 interview on CNBC. “We’re going to work our way through this. Of course, all of these contracts are long-term arrangements. These are not things that can be exclusively canceled by either side.”
The closely held, fast-growing carrier has 368 undelivered aircraft on order from Boeing and Airbus, more than triple the fleet of 117 jetliners that it operates. Mr Kirana said Tuesday Boeing has yet to deliver about 250 jets to Lion; the manufacturer’s orders and deliveries website shows 190 unfilled orders.
MR Kirana sounded bullish on Lion’s growth prospects, despite the bruising publicity from the October 29 crash.
The group’s subsidiary in Thailand, Thai LionAir, is working on getting permits to fly to Dubai and London next year, using Airbus’s A330neo jet, which they will receive in May. He also said the group plans to fly to more countries and to open another base in Asia, without providing details.
Still, tripling Lion’s order book might be difficult at a time when Airbus and Boeing narrow-body production is effectively sold out into the early 2020s. And some analysts are skeptical Lion needs all the aircraft it currently has on order amid the brutally competitive southeast Asian travel market.
What Lion eventually “does or does not do” with its Max order, isn’t likely to temper other operators’ enthusiasm for the jet, said John Plueger, CEO of Air Lease, a Los Angeles-based lessor and a 737 Max customer.
Order cancellations tend to be “driven by business models and forward outlook, as opposed to aircraft types,” Mr Plueger said in an email. “If an airline orders too many aircraft it will end up canceling or deferring those orders. Overall demand for the Max remains strong and I am sure that there are a number of airlines and lessors that would love to have access to those positions.”
88 Video's most popular rentals
Avengers 3: Infinity War: an American superhero film released in 2018 and based on the Marvel Comics story.
Sholay: a 1975 Indian action-adventure film. It follows the adventures of two criminals hired by police to catch a vagabond. The film was panned on release but is now considered a classic.
Lucifer: is a 2019 Malayalam-language action film. It dives into the gritty world of Kerala’s politics and has become one of the highest-grossing Malayalam films of all time.
Sanchez's club career
2005-2006: Cobreloa
2006-2011 Udinese
2006-2007 Colo-Colo (on loan)
2007-2008 River Plate (on loan)
2011-2014 Barcelona
2014–Present Arsenal
From Zero
Artist: Linkin Park
Label: Warner Records
Number of tracks: 11
Rating: 4/5
Global state-owned investor ranking by size
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Canada
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Indoor cricket in a nutshell
Indoor Cricket World Cup – Sep 16-20, Insportz, Dubai
16 Indoor cricket matches are 16 overs per side
8 There are eight players per team
9 There have been nine Indoor Cricket World Cups for men. Australia have won every one.
5 Five runs are deducted from the score when a wickets falls
4 Batsmen bat in pairs, facing four overs per partnership
Scoring In indoor cricket, runs are scored by way of both physical and bonus runs. Physical runs are scored by both batsmen completing a run from one crease to the other. Bonus runs are scored when the ball hits a net in different zones, but only when at least one physical run is score.
Zones
A Front net, behind the striker and wicketkeeper: 0 runs
B Side nets, between the striker and halfway down the pitch: 1 run
C Side nets between halfway and the bowlers end: 2 runs
D Back net: 4 runs on the bounce, 6 runs on the full
Ain Dubai in numbers
126: The length in metres of the legs supporting the structure
1 football pitch: The length of each permanent spoke is longer than a professional soccer pitch
16 A380 Airbuses: The equivalent weight of the wheel rim.
9,000 tonnes: The amount of steel used to construct the project.
5 tonnes: The weight of each permanent spoke that is holding the wheel rim in place
192: The amount of cable wires used to create the wheel. They measure a distance of 2,4000km in total, the equivalent of the distance between Dubai and Cairo.
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More from Rashmee Roshan Lall
F1 The Movie
Starring: Brad Pitt, Damson Idris, Kerry Condon, Javier Bardem
Director: Joseph Kosinski
Rating: 4/5
The specs
Common to all models unless otherwise stated
Engine: 4-cylinder 2-litre T-GDi
0-100kph: 5.3 seconds (Elantra); 5.5 seconds (Kona); 6.1 seconds (Veloster)
Power: 276hp
Torque: 392Nm
Transmission: 6-Speed Manual/ 8-Speed Dual Clutch FWD
Price: TBC
SERIE A FIXTURES
Friday (UAE kick-off times)
Sassuolo v Bologna (11.45pm)
Saturday
Brescia v Torino (6pm)
Inter Milan v Verona (9pm)
Napoli v Genoa (11.45pm)
Sunday
Cagliari v Verona (3.30pm)
Udinese v SPAL (6pm)
Sampdoria v Atalanta (6pm)
Lazio v Lecce (6pm)
Parma v Roma (9pm)
Juventus v Milan (11.45pm)
UAE currency: the story behind the money in your pockets
Quick pearls of wisdom
Focus on gratitude: And do so deeply, he says. “Think of one to three things a day that you’re grateful for. It needs to be specific, too, don’t just say ‘air.’ Really think about it. If you’re grateful for, say, what your parents have done for you, that will motivate you to do more for the world.”
Know how to fight: Shetty married his wife, Radhi, three years ago (he met her in a meditation class before he went off and became a monk). He says they’ve had to learn to respect each other’s “fighting styles” – he’s a talk it-out-immediately person, while she needs space to think. “When you’re having an argument, remember, it’s not you against each other. It’s both of you against the problem. When you win, they lose. If you’re on a team you have to win together.”
FIXTURES
New Zealand v France, second Test
Saturday, 12.35pm (UAE)
Auckland, New Zealand
South Africa v Wales
Sunday, 12.40am (UAE), San Juan, Argentina
What can victims do?
Always use only regulated platforms
Stop all transactions and communication on suspicion
Save all evidence (screenshots, chat logs, transaction IDs)
Report to local authorities
Warn others to prevent further harm
Courtesy: Crystal Intelligence
COMPANY%20PROFILE
%3Cp%3E%3Cstrong%3ECompany%20name%3A%3C%2Fstrong%3E%20Alaan%3Cbr%3E%3Cstrong%3EStarted%3A%3C%2Fstrong%3E%202021%3Cbr%3E%3Cstrong%3EBased%3A%3C%2Fstrong%3E%20Dubai%3Cbr%3E%3Cstrong%3EFounders%3A%3C%2Fstrong%3E%20Parthi%20Duraisamy%20and%20Karun%20Kurien%3Cbr%3E%3Cstrong%3ESector%3A%3C%2Fstrong%3E%20FinTech%3Cbr%3E%3Cstrong%3EInvestment%20stage%3A%3C%2Fstrong%3E%20%247%20million%20raised%20in%20total%20%E2%80%94%20%242.5%20million%20in%20a%20seed%20round%20and%20%244.5%20million%20in%20a%20pre-series%20A%20round%3Cbr%3E%3Cbr%3E%3C%2Fp%3E%0A
