Emirates is set to receive its first Airbus A350 aircraft in October, with a total of five Airbus aircraft expected to be delivered to the airline by the end of 2024.
Adel Alredha, Deputy President and Chief Operations Officer - Emirates Airline, said on the sidelines of the first edition of Dubai AI and Web3 Festival that the airline will receive five Airbus aircraft by the end of December this year, while no Boeing aircraft have been received so far.
He added: ''Due to delays in aircraft deliveries, we have had to extend the service of some of our current aircraft.''
Alredha also said the company's aircraft retrofit programme covers 190 aircraft, following an increase in the number of aircraft targeted for modernisation, according to a plan that costs over $3 billion (AED 11 billion).
Alredha explained that the delivery challenges date back years, as many companies involved in aircraft manufacturing were affected during the COVID-19 pandemic, either by reducing production or laying off a percentage of their workforce.
As a result, the demand for air travel was very high, exceeding these companies' ability to meet market demands and reorganise their operations effectively.
Boeing said that it had withdrawn its pay offer to around 33,000 US factory workers and no further negotiations were planned with their union representatives, as a financially damaging strike nears its fourth week.
The UAE Cabinet, chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and the Ruler of Dubai, has approved the Union General Budget Plan for the fiscal year 2025.
Emirates has cancelled flights to Iran and Iraq until October 16, the airline announced on Tuesday evening. Earlier in the week, flights to Baghdad and Basra in Iraq had resumed before the latest update.
ADNOC Logistics and Services plc has announced it will distribute a cash dividend of $136.5 million (AED501.3 million) for the first half (H1) of 2024, the equivalent to 6.78 fils per share.
The Future Blockchain Summit 2024 is set to take place from October 13 to 16 at Dubai Harbour, with an expected 1,200 investors from over 50 countries.
UAE President His Highness Sheikh Mohamed bin Zayed Al Nahyan received His Highness Sheikh Saud bin Rashid Al Mu'alla, Supreme Council Member and Ruler of Umm Al Qaiwain on Tuesday.