Monday, November 10, 2025
32.8 C
Lagos

Qatar Airways Cancels $5.3bn Airbus A320 Order over Delays

Qatar Airways has canceled the delivery of the first Airbus A320 aircraft over delays caused by engine problems.

Qatar Airways had ordered 50 A320neo-family aircraft for $5.3 billion in 2011 and was to receive the first one last October.

However, the aircraft faced software and hydraulics problems and the carrier’s CEO, Akbar Al Baker expressed his discontent about A320neo PW1100G engines, stating that they were not properly tested for high temperatures in the Gulf region. The problems led to months of delays and Akbar Al Baker claimed that Qatar Airways was allowed to invoke the cancellation cause.

Akbar Al Baker claimed that Qatar Airways should have had 5 A320neos in service by this summer. As a result of the delays, it was forced to reduce flight frequency of 15 routes to Boston, Houston and Miami among others. The company’s CEO stated: “It is making a huge impact on my bottom line. We are, quite frankly, screaming.”

The only way for the airline to fulfil the commitments to their customers is to lease. “We will have no alternative but to lease. We are awaiting final response from Airbus,” said Akbar Al Baker. We are not talking about compensation. It is about us getting planes so we can meet network requirement.”

Akbar Al Baker also claimed that the airline could walk away from more orders of Airbus A320 neo. However, he still expects that plane manufacturer will be able to deliver 10 of the larger A350 airplane by the end of calendar year.

spot_img
spot_img
spot_img

Hot this week

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

ICPC Chair, Musa Aliyu, to Deliver Realnews 13th Anniversary Lecture 2025

Dr. Musa Adamu Aliyu (SAN) Chairman ICPC THE Management of Realnews Magazine...

Our Laws Now Stronger, More Effective to Prosecute Parties at Fault in Bank Failure – NDIC Boss

COURTESY VISIT: Managing Director/CE, Nigeria Deposit Insurance Corporation (NDIC),...

Fidelity Bank Champions Support for the Elderly

L-R: Igwe Quincy Chibuike, Team Member, Prolific Inductees Class...

Fidelity Bank Partners NCF, Lagos State to Promote Responsible Waste Management

L-R: Area Manager, Policy, Government and Public Affairs (PGPA),...

Topics

NGX, Katsina State Partner on Economy, Infrastructure

WELCOME REMARKS BY ALHAJI Dr. UMARU KWAIRANGA CHAIRMAN NIGERIA...

‘Enhanced Pension for Programmed Withdrawal Retirees Leaves Life Annuity Retirees in Limbo’

  By Dr. Pius Apere (PhD/FCII) (Actuarial Scientist and Chartered Insurer) Chairman/CEO Achor Actuarial...

Stock Market Statistics: Tuesday, 17th January, 2017

Market Cap (N'bn)              ...

Global Airlines Financial Monitor: March 2018

The final data for Q4 2017 confirms the...

Stanbic IBTC: 7 Months of Rewarding Customers in Reward4Saving Promo

In a bid to keep inspiring Nigerians to develop...

African Energy Chamber Terminates Partnership with Africa Oil & Power

  The African Energy Chamber announces its termination of its...

Ifeoluwa Abiodun Emerges Winner of 2016 NSE Essay Competition

Miss Ifeoluwa Toluwanimi Abiodun, a 14 year old student of Babington Macauley Junior Seminary, Ikorodu, Lagos State, has emerged the winner of the 2016 edition of the NSE Essay Competition for Senior Secondary Schools students in Nigeria.

Fidelity Bank Partners Ashoka Africa to Empower Young Innovators

L-R: Co-President, Ashoka Africa, Angelou Ezeilo; Divisional Head, Product...
spot_img

Related Articles

Popular Categories

spot_imgspot_img