Paris // Qatar Airways opened the Paris Air Show with a US$1.7 billion (Dh6.24bn) order for more long-range 777 jets from Boeing to fuel what its chief executive called its "relentless growth".
Saudi Arabian Airlines and unidentified customers also placed orders for new jets from Boeing and Airbus as the fragile airline industry made cautious investments during a time of economic shocks and high fuel prices.
The Qatari order for six 777-300ER passenger planes is expected to be the first in a series by the carrier, based in Doha, which hinted at potential deals for the Airbus A320NEO and the A380 superjumbo this week.
"We are expanding our international network rapidly and adding new routes and destinations that will extend Qatar Airways' reach across the globe, especially as we aim to open up more non-stop routes to popular and under-served cities around the world," said Akbar Al Baker, the chief executive of Qatar Airways. The Middle East region also gave Airbus its first order of the day as Saudi Arabian Airlines committed to a purchase of four additional A330-300 aircraft, in a deal worth $880 million at list prices.
The four aircraft just ordered are in addition to eight ordered in July 2008, taking the total order for the type to 12.
Boeing also logged business for its updated 747-8 Intercontinental jet with unidentified customers ordering 17 aircraft worth $5.4bn. The orders "mark a major milestone for the programme", said Jim Albaugh, the president and chief executive of Boeing Commercial Airplanes.
Other Gulf airlines have reduced their presence at the Paris show, with Emirates Airline saying it would look to the Dubai Airshow in November to order more long-range jets.
Yesterday's Qatar Airways order follows an order by the airline in April for five 777s worth $1.4bn at list prices, cementing the Boeing jet's status as the backbone of the carrier's long-range fleet, Mr Al Baker said.
With gifts and handshakes exchanged yesterday, the chiefs of Qatar Airways and Boeing also seemed to put to rights the sometimes fractious relationship between the two companies. Problems arose over delays in the 787 Dreamliner programme, which counts Qatar Airways as a major customer, culminating in Mr Al Baker publicly criticising the US company.
But yesterday he said Qatar Airways and Boeing had gone "from strength to strength, despite the few hiccups".
Qatar Airways became a Boeing customer in 2007 and currently operates 25 777s, including two freighters, with another 15 of the type on order.
The 777-300ER is the highest-capacity version of the jet, with a list price of $284m. It has a range of 14,500km with 451 passengers in a business and economy class configuration.
igale@thenational.ae
How to vote
Canadians living in the UAE can register to vote online and be added to the International Register of Electors.
They'll then be sent a special ballot voting kit by mail either to their address, the Consulate General of Canada to the UAE in Dubai or The Embassy of Canada in Abu Dhabi
Registered voters mark the ballot with their choice and must send it back by 6pm Eastern time on October 21 (2am next Friday)
MATCH INFO
CAF Champions League semi-finals first-leg fixtures
Tuesday:
Primeiro Agosto (ANG) v Esperance (TUN) (8pm UAE)
Al Ahly (EGY) v Entente Setif (ALG) (11PM)
Second legs:
October 23
Specs
Engine: Dual-motor all-wheel-drive electric
Range: Up to 610km
Power: 905hp
Torque: 985Nm
Price: From Dh439,000
Available: Now
Specs
Engine: Electric motor generating 54.2kWh (Cooper SE and Aceman SE), 64.6kW (Countryman All4 SE)
Power: 218hp (Cooper and Aceman), 313hp (Countryman)
Torque: 330Nm (Cooper and Aceman), 494Nm (Countryman)
On sale: Now
Price: From Dh158,000 (Cooper), Dh168,000 (Aceman), Dh190,000 (Countryman)
Dirham Stretcher tips for having a baby in the UAE
Selma Abdelhamid, the group's moderator, offers her guide to guide the cost of having a young family:
• Buy second hand stuff
They grow so fast. Don't get a second hand car seat though, unless you 100 per cent know it's not expired and hasn't been in an accident.
• Get a health card and vaccinate your child for free at government health centres
Ms Ma says she discovered this after spending thousands on vaccinations at private clinics.
• Join mum and baby coffee mornings provided by clinics, babysitting companies or nurseries.
Before joining baby classes ask for a free trial session. This way you will know if it's for you or not. You'll be surprised how great some classes are and how bad others are.
• Once baby is ready for solids, cook at home
Take the food with you in reusable pouches or jars. You'll save a fortune and you'll know exactly what you're feeding your child.
COMPANY PROFILE
Name: Kumulus Water
Started: 2021
Founders: Iheb Triki and Mohamed Ali Abid
Based: Tunisia
Sector: Water technology
Number of staff: 22
Investment raised: $4 million
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%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ELuv%20Ranjan%26nbsp%3B%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStars%3A%20%3C%2Fstrong%3ERanbir%20Kapoor%2C%20Shraddha%20Kapoor%2C%20Anubhav%20Singh%20Bassi%20and%20Dimple%20Kapadia%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
MATCH INFO
Uefa Champions League final:
Who: Real Madrid v Liverpool
Where: NSC Olimpiyskiy Stadium, Kiev, Ukraine
When: Saturday, May 26, 10.45pm (UAE)
TV: Match on BeIN Sports
How to get exposure to gold
Although you can buy gold easily on the Dubai markets, the problem with buying physical bars, coins or jewellery is that you then have storage, security and insurance issues.
A far easier option is to invest in a low-cost exchange traded fund (ETF) that invests in the precious metal instead, for example, ETFS Physical Gold (PHAU) and iShares Physical Gold (SGLN) both track physical gold. The VanEck Vectors Gold Miners ETF invests directly in mining companies.
Alternatively, BlackRock Gold & General seeks to achieve long-term capital growth primarily through an actively managed portfolio of gold mining, commodity and precious-metal related shares. Its largest portfolio holdings include gold miners Newcrest Mining, Barrick Gold Corp, Agnico Eagle Mines and the NewMont Goldcorp.
Brave investors could take on the added risk of buying individual gold mining stocks, many of which have performed wonderfully well lately.
London-listed Centamin is up more than 70 per cent in just three months, although in a sign of its volatility, it is down 5 per cent on two years ago. Trans-Siberian Gold, listed on London's alternative investment market (AIM) for small stocks, has seen its share price almost quadruple from 34p to 124p over the same period, but do not assume this kind of runaway growth can continue for long
However, buying individual equities like these is highly risky, as their share prices can crash just as quickly, which isn't what what you want from a supposedly safe haven.
if you go
The flights
The closest international airport to the TMB trail is Geneva (just over an hour’s drive from the French ski town of Chamonix where most people start and end the walk). Direct flights from the UAE to Geneva are available with Etihad and Emirates from about Dh2,790 including taxes.
The trek
The Tour du Mont Blanc takes about 10 to 14 days to complete if walked in its entirety, but by using the services of a tour operator such as Raw Travel, a shorter “highlights” version allows you to complete the best of the route in a week, from Dh6,750 per person. The trails are blocked by snow from about late October to early May. Most people walk in July and August, but be warned that trails are often uncomfortably busy at this time and it can be very hot. The prime months are June and September.
