Emirates chief says US authorities 'irresponsible’ for 5G roll out notification failure


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Emirates airline president Sir Tim Clark said he was unaware of the potential danger posed by the introduction of 5G networks in the US until Tuesday morning.

Several international airlines, including Emirates, temporarily halted flights to some US destinations amid concerns that new C-band 5G wireless networks might interfere with sensitive safety equipment on planes.

Emirates announced on Wednesday that operations to Chicago, Dallas Fort Worth, Miami, Newark, Orlando and Seattle were suspended.

The Dubai airline said its flights to New York JFK, Los Angeles and Washington DC would continue to operate as scheduled, while only certain services would operate to Boston, Houston and San Francisco.

A day later, Emirates announced it will be resuming flights to all nine destinations that were temporarily suspended this week. The airline amended the travel notice on its website, which previously advised passengers that flights would not be taking off amid concerns surrounding the rollout of 5G mobile network near airports.

The updated notice states that flights are no longer suspended.

Flights to Chicago, Orlando, Miami, Dallas Fort Worth, Seattle and Newark will resume on Friday. Flights to Houston, San Fransisco and Boston will resume on Saturday.

Etihad Airways said its services to the US are not currently affected by the issue.

The national airline of the UAE will continue to operate flights to New York, Washington DC and Chicago as scheduled, the airline said on Wednesday.

'Utterly irresponsible'

Speaking on CNN, Mr Clark described the situation as "one of the most delinquent, utterly irresponsible" in his aviation career.

"We were not aware of this until Tuesday morning, to the extent it was going to compromise the safety of operation of our aircraft and just about every other 777 operator to and from the United States and within the United States," Mr Clark told CNN's Richard Quest.

While he was aware of a 5G issue, he said Emirates was not aware that the power of the antennae in the United States has been "doubled compared to what's going on elsewhere".

"So on that basis, we took that decision late last night to suspend all our services until we had clarity," he said.

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Giving his opinion on the situation, Mr Clark said: "I need to be as candid as I normally am and say this is one of the most delinquent, utterly irresponsible issues [or] subjects, call it what you like, I've seen in my aviation career.

"Somebody should have told them at the time that it would compromise the safety of operation of aircraft in metropolitan areas with catastrophic consequences if this was allowed to continue."

He said its full US services will be restored if the launch of 5G is suspended and the question of interference of their aircraft systems on approach and landing is resolved.

On Tuesday, AT&T and Verizon said they would temporarily delay turning on some wireless towers near key US airport runways to avert a looming aviation crisis after discussions with President Joe Biden's administration on Tuesday.

How does 5G affect aviation?

Telecom giants spent tens of billions of dollars to obtain 5G licences, but, as the launch date approached, aviation industry groups raised concerns about possible interference with aircraft radio altimeters – which can operate at the same frequencies – particularly in bad weather.

Radio altimeters give precise readings of the height above the ground on approach and help with automated landings, as well as verifying that the plane has landed before allowing reverse thrust.

Altimeters operate in the 4.2-4.4 GHz range and the concern is that the auctioned frequencies are too close to this range.

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What should do investors do now?

What does the S&P 500's new all-time high mean for the average investor? 

Should I be euphoric?

No. It's fine to be pleased about hearty returns on your investments. But it's not a good idea to tie your emotions closely to the ups and downs of the stock market. You'll get tired fast. This market moment comes on the heels of last year's nosedive. And it's not the first or last time the stock market will make a dramatic move.

So what happened?

It's more about what happened last year. Many of the concerns that triggered that plunge towards the end of last have largely been quelled. The US and China are slowly moving toward a trade agreement. The Federal Reserve has indicated it likely will not raise rates at all in 2019 after seven recent increases. And those changes, along with some strong earnings reports and broader healthy economic indicators, have fueled some optimism in stock markets.

"The panic in the fourth quarter was based mostly on fears," says Brent Schutte, chief investment strategist for Northwestern Mutual Wealth Management Company. "The fundamentals have mostly held up, while the fears have gone away and the fears were based mostly on emotion."

Should I buy? Should I sell?

Maybe. It depends on what your long-term investment plan is. The best advice is usually the same no matter the day — determine your financial goals, make a plan to reach them and stick to it.

"I would encourage (investors) not to overreact to highs, just as I would encourage them not to overreact to the lows of December," Mr Schutte says.

All the same, there are some situations in which you should consider taking action. If you think you can't live through another low like last year, the time to get out is now. If the balance of assets in your portfolio is out of whack thanks to the rise of the stock market, make adjustments. And if you need your money in the next five to 10 years, it shouldn't be in stocks anyhow. But for most people, it's also a good time to just leave things be.

Resist the urge to abandon the diversification of your portfolio, Mr Schutte cautions. It may be tempting to shed other investments that aren't performing as well, such as some international stocks, but diversification is designed to help steady your performance over time.

Will the rally last?

No one knows for sure. But David Bailin, chief investment officer at Citi Private Bank, expects the US market could move up 5 per cent to 7 per cent more over the next nine to 12 months, provided the Fed doesn't raise rates and earnings growth exceeds current expectations. We are in a late cycle market, a period when US equities have historically done very well, but volatility also rises, he says.

"This phase can last six months to several years, but it's important clients remain invested and not try to prematurely position for a contraction of the market," Mr Bailin says. "Doing so would risk missing out on important portfolio returns."

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Collectively rare diseases affect 1 in 17 people, or more than 400 million people worldwide. Very few have any available treatment and most patients  struggle with numerous health challenges and life-long ailments that can go undiagnosed for years due to lack of awareness or testing.

The burning issue

The internal combustion engine is facing a watershed moment – major manufacturer Volvo is to stop producing petroleum-powered vehicles by 2021 and countries in Europe, including the UK, have vowed to ban their sale before 2040. The National takes a look at the story of one of the most successful technologies of the last 100 years and how it has impacted life in the UAE.

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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 
Updated: January 20, 2022, 9:31 AM`