Page 16 - SINGAPORE AIRSHOW 2024 - INSIGHT
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                                                             I still fall back to what I believe to be
                                                             the essence of the model that we
                                                             have constructed here.
                                                             We are an international airline based
                                                             in a super hub, based in Dubai, which
                                                             happens to be an enormously
                                                             powerful magnet anyway, in its own
                                                             right, and continues to grow.



                                                             Tim Clark
                                                             President of Emirates




        Q Emirates is holding back on the   out of the door, we have to place   is there room for three? What’s
        A350-1000 because of concerns       orders because the lead time for    going to happen?” And my answer
        around the engine. Can you give     delivery is far so long. And to be   has always been the same. There’s
        us some detail of issue?            quite honest, yes, we have to face   plenty to go around, because what
                                            the bumps in the road with regards   was happening in the global econ-
        It needs to stay on the wing for a   to what the manufacturers can do,   omy then, if you roll back before
        minimum of two and half thousand    face possible delays. Don’t forget,   the crash of 2008, 2009, there was
        cycles and right now it’s doing a   we have a new airframe, a new       a high level of insanity. Everybody
        quarter of that. Four or five hundred   engine on this, so we’re not out   was on the move; the whole place
        hours on wing is not doing the job.   of the woods at all with regards to   was transformed. So, I never
        And if it can do 2500 cycles at a   entry into service. But in the end,   doubted then that that would be the
        maintenance cost per hour that is   if we are going to map out what     case. Now, what’s happened since
        okay with us, then that would be    the airline is going to do over the   then, we’ve gone through 2008,
        all right. If the engine was doing   next 50 to 20 years, those orders   2009, we’ve had our bumps in the
        what we want it to do, and Rolls    are going to have to be placed. I’m   road. And what I’m seeing now is
        Royce know what we want then        kind of more confident now on the   that the Middle East is becoming
        it [A350-1000] would re-enter the   777-9 that certainly Boeing will get   very much an economic epicentre of
        mix of assessment for our fleet. I   that. After all, it will be five and a   the planet at the moment. One thing
        think if we were to buy the engine   half years later, so there are kind of   has surprised us, is the sustained
        in its existing state the maintenance  no excuses for that. I’m reassured   tsunami of demand that came out
        costs per hour would well more than  by the head of GE that the General   after COVID. And that seems to
        double because of consequential     Electric engine on them, the GEnx   be still in place at the moment. I
        costs that we would face.           engine will be good to go and meet   still fall back to what I believe to
                                            all the contract specs. So, on the   be the essence of the model that
        Q In the past, you expressed        basis of that, there’s a large amount  we have constructed here. We are
        concern about the timelines of      of trust in placing those orders.   an international airline based in a
        the 777X order. So, what has                                            super hub, based in Dubai, which
        changed?                            Q Are you concerned about           happens to be an enormously
                                            increased competition in the        powerful magnet anyway, in its own
        Well, I think it’s driven by the    region?                             right, and continues to grow. So,
        longevity of the existing fleet. The                                    there’s an awful lot of activity going
        777-300ER, can’t go on forever.     When Qatar Airways was formed,      on in Dubai and in the UAE and Abu
        And we know the A380 has a finite   and broke away from Gulf Air, it    Dhabi, which is attracting people.
        timeline, so it’s not producing any-  copied and pasted our business
        more. And we, irrespective of the   model. Etihad did the same thing    Q The global supply chain is
        difficulties of getting these aircraft   and everybody says to me, “Well,   till significantly disrupted. Your

        16  SINGAPORE AIRSHOW 2024 INSIGHT ∙ FEBRUARY 2024                                             WWW.GBP.COM.SG
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