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“They’re late; everyone is mad at them. They’ve been hiding behind the engine problems,” a senior aircraft buyer said, referring to the tendency of supply chains to focus on the most visible laggards without always tackling problems in waiting. Other industry sources say Hamburg may not be the immediate source of the problem, but that this facility has felt the worst impact in Airbus’s global jigsaw of assembly plants because it is introducing a new version of A321 just as production is running faster than ever.
That illustrates a wider challenge as planemakers struggle to introduce new models and fix technical issues without pausing record output increases – a task some compare to taking the steepest hill in a cycle race at a sprint while fixing a tyre, Deliveries of the A321, a large single-aisle jet mainly made in Germany, classic gold knots cufflinks spiked higher in May as delayed engines started coming in but slowed down again in September, Airbus data shows, Now, Airbus is introducing a new A321neo ACF version, which offers more flexible cabins but requires complex configuration..
One of the sources said the Hamburg assembly plant was facing some problems with cabling the jets, stirring memories of cabling problems which plagued the A380 superjumbo a decade ago. An Airbus spokesman confirmed the customized new A321neo version had “led to some rescheduling of aircraft deliveries,” in combination with pressure from output increases and the queue of jets still waiting to be delivered from the engine crisis. Quality problems in Hamburg have also contributed to delays, Reuters reported last month.
Despite disruption, Airbus has said it is confident it will meet single-aisle production goals of 60 a month spread across all its factories in mid-2019, up from around 55 classic gold knots cufflinks now, Sources say Airbus is also preparing to make capacity of 65 single-aisle jets a month available by the end of next year, though there has been no decision on whether to implement this, Ultimately, Airbus aims to raise output as high as 70-73 to serve record travel demand and the company says planes offering premium seats like the A321neo ACF will help to drive this..
Still, delays at Hamburg are a headache for new sales chief Christian Scherer as airlines wait for deliveries. For many airlines, the financial pain is acute since oil prices have bounced back to $80 dollars: exactly the market the A321neo and similar fuel-saving models were designed for. “Airlines can deal with planes that are off-spec but not ones that are late. They have built a network plan which takes account of new aircraft in the fleet,” Ascend chief consultant Rob Morris said. Boeing has also had some delays.
RIYADH (Reuters) - Saudi Arabia’s economic transformation plan is important for the world, the chief executive of the Russian sovereign wealth fund Russian Direct Investment Fund (RDIF) said on Tuesday, Kirill Dmitriev, who runs the $10 billion Russian fund, told an investment conference in Riyadh that Saudi Arabia is an important partner and that partnership among sovereign wealth funds classic gold knots cufflinks is a “great opportunity”, Saudi Arabia has embarked on a series of economic reforms aimed at diversifying the kingdom’s economy from oil dependence..
RIYADH (Reuters) - The Public Investment Fund, Saudi Arabia’s sovereign wealth fund, has invested in 50 or 60 companies via SoftBank Group’s (9984.T) Vision Fund and will bring most of those firms to the kingdom, managing director Yasir al-Rumayyan said on Tuesday. The state fund has agreed to invest $45 billion in the giant tech fund led by SoftBank and the pair are also working with other parties on a number of large-scale, multi-billion dollar projects relating to the solar industry.
Rumayyan was speaking at the Future Investment Initiative (FII) conference at which SoftBank’s Chief classic gold knots cufflinks Executive Masayoshi Son canceled a speaking engagement, the Wall Street Journal reported on Tuesday, citing a spokesperson for the conference, A SoftBank spokeswoman did not immediately respond to a Reuters request for comment, Son, who was a visible presence at last year’s conference, is the latest high-profile figure to pull out of this year’s event amid mounting pressure on Riyadh over the death of journalist Jamal Khashoggi, The U.S, resident and Washington Post columnist critical of Riyadh’s policies disappeared on Oct, 2 after entering the Saudi consulate in Istanbul..