Boeing astronauts could be stuck in space until 2025


Sarwat Nasir
  • English
  • Arabic

Nasa is considering bringing back two astronauts on a SpaceX capsule after the Boeing Starliner spacecraft they arrived on at the International Space Station suffered technical issues.

Butch Wilmore and Suni Williams arrived at the orbiting laboratory on June 6 on a test flight, but the craft experienced several problems since launching, including thruster problems and helium leaks.

Their trip was initially meant to last only about a week, with a return date still not decided by Nasa and Boeing, as it remains unclear whether the Starliner would be safe enough to bring the astronauts home.

We have set up the Dragon for Crew-9 to only two passengers and then we could return four crew members in February 2025
Steve Stich,
Nasa

During an online media briefing on Wednesday, Nasa officials said they had several contingency plans in place.

One of them includes launching two instead of four astronauts on the SpaceX Crew-9 mission in September, so the capsule will have enough space for the two Boeing Starliner astronauts on the journey back home in February 2025.

“We have been working with SpaceX to ensure that they're ready to respond on Crew-9 for a contingency of returning Butch and Suni if we need that,” said Steve Stich, commercial crew programme manager at Nasa.

“We have set up the Dragon for Crew-9 to have flexibility – to have only two passengers fly up on that flight and then we could return four crew members in February 2025.”

He said that Nasa has yet to approve this plan, but the requirements are in place in case a backup is needed.

The Starliner spacecraft docked to the Harmony module of the International Space Station on June 13, 2024. Nasa via AP
The Starliner spacecraft docked to the Harmony module of the International Space Station on June 13, 2024. Nasa via AP

The crew members would complete about eight months aboard the space station if Nasa proceeds with the plan – longer than the typical six-month missions that its astronauts spend in space.

Meanwhile, the Starliner would be brought back to Earth uncrewed.

Boeing had launched the Starliner capsule to show that it could safely launch and bring back humans.

It has a $4.2 billion contract by Nasa under its Commercial Crew Programme to deliver its astronauts to and from the space station and has been developing the craft for a decade.

But it has been plagued with delays and technical issues, with the latest developments making it unclear when the company could begin commercial operations.

Nasa is hoping to secure multiple “taxi” options to the station so that it does not have to rely only on one rocket.

Boeing's rival SpaceX is dominating this business so far, having launched eight crews for Nasa since 2021 and private missions for Axiom Space.

The Starliner launch was meant to help Boeing rebuild its reputation, which was damaged by two crashes involving 737 Max 8 jets and a mid-flight door panel blowout on a 737 Max 9 jet earlier this year.

How to help

Send “thenational” to the following numbers or call the hotline on: 0502955999
2289 – Dh10
2252 – Dh 50
6025 – Dh20
6027 – Dh 100
6026 – Dh 200

Electric scooters: some rules to remember
  • Riders must be 14-years-old or over
  • Wear a protective helmet
  • Park the electric scooter in designated parking lots (if any)
  • Do not leave electric scooter in locations that obstruct traffic or pedestrians
  • Solo riders only, no passengers allowed
  • Do not drive outside designated lanes

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

Springtime in a Broken Mirror,
Mario Benedetti, Penguin Modern Classics

 

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 
EA Sports FC 24
Updated: August 08, 2024, 4:37 AM