JUPITER SEA & AIR SERVICES PVT. LTD, EGMORE – CHENNAI, INDIA.
E-MAIL : Robert.sands@jupiterseaair.co.in
Mobile : +91 98407 85202
Corporate
News Letter for Friday June 30, 2023.
:: Today’s Exchange Rates ::
Source : The Economic Times.
|
CURRENCY |
PRICE |
CHANGE |
%CHANGE |
OPEN |
PREV.CLOSE |
DAY's LOW-HIGH |
|
82.05 |
0.010002 |
0.012192 |
82.03 |
82.04 |
81.9675- 82.07 |
|
|
1.093 |
-0.0031 |
-0.282813 |
1.0961 |
1.0961 |
1.0924- 1.0963 |
|
|
104.1853 |
-0.148201 |
-0.142045 |
104.4279 |
104.3335 |
104.1657- 104.4932 |
|
|
89.856 |
0.107002 |
0.119224 |
89.8077 |
89.749 |
89.7127- 89.925 |
|
|
144.367 |
0.296997 |
0.206148 |
144.07 |
144.07 |
143.731- 144.445 |
|
|
1.2627 |
-0.0122 |
-0.956938 |
1.2749 |
1.2749 |
1.2626- 1.2752 |
|
|
102.665 |
0.173004 |
0.168798 |
102.514 |
102.492 |
102.469- 102.695 |
|
|
0.5701 |
-0.0014 |
-0.244968 |
0.5695 |
0.5715 |
0.5689- 0.570 |
:: Sea Cargo News ::
Carriers face cargo logjams as congestion persists at
Mundra
The congestion plaguing Mundra Port over the past week, following cyclone related disruption along India’s western coast, has severely crimped carriers’ ability to maximise export lifts amid increasing vessel capacity utilisation woes.
According to industry sources, container
terminals in the private harbour – Adani Group’s flagship entity – have
tightened the time allotted for cargo gate-in as they attempt to mitigate
vessel congestion.
That means “carriers are facing challenges
connecting all planned loads”, a ship agent in Mundra said, with shippers
facing significant delays to exports already at the port or in transit from
inland locations.
A Maersk advisory noted it was not able to
accept any more cargo on its vessel in the port. And last week, Maersk pressed
customers for speedier empty container pickups – within 12 hours of allotments
— to help the pace of container flow.
Container train services to/from Mundra have
also takena hit because of the yard logjam and some service restrictions
imposed by railway authorities.
Given the scale of backlogs, local carrier
and other trade sources generally expected the busiest port to take at least a
week to clear the effects of the cyclone – induced shutdown and pull supply
chains back to some sort of a normal rhythm.
Mundra already had significant volume surges
to deal with because of cargo diversions from Nhava Sheva, where capacity was
scaled back due to the decommissioning of a berth for equipment upgrades.
India and Russia aim to establish Chennai-
Vladivostok maritime route, promising time and cost
savings
India and Russia are keen to make the Chennai – Vladivostok
maritime route operational, and a stakeholder meeting to work out details have
been scheduled in September, Union Minister for Ports, Shipping and Waterways
Sarbananda Sonowal said.
The Vladivostok – Chennai route passes
through the Sea of Japan, the South China Sea and Malacca Strait. The route,
Sonowal says, will bring down transport time to 12 days, almost a third of what
is taken under the existing popular route that covers from St Petersburg to
Mumbai. At the same time, costs are expected to come down significantly - “by
30 per cent- odd” - sources said.
The current maritime route, St Petersburg to
Mumbai, is said to be an 8,675 nautical mile (16,000 km) one. Against this, the
proposed Vladivostok – Chennai route is said to be 5647 nautical miles (10,500
km) long.
“Talks are on to operationalise the
Vladivostok – Chennai maritime route. This is a 10 – 12 day route and ships
using this route will lead to savings in time and cost. Russian officials came
to India to carry out a feasibility exercise in May.
And we (Indian officials) have gone there
some months back to check out the infrastructure and other facilities there. A
stakeholder meeting is planned in September,” he said during an interview.
Two years ago Prime Minister Narendra Modi
went to Russia and made big announcement that Vladivostak – Chennai route will
be operational in six months. No steps have taken since then and suddenly this
news is surfacing and we have to wait and watch whether or not this service
will see the light an industry person opined.
Centre approves container freight station in Mangaluru
With New Mangalore Port witnessing steady
growth in handling of container cargo in recent years, Mangaluru is all set to
get a container freight station (CFS) in the coming months.
The Central Board of Indirect Taxes and
Customs (CBIC) has issued a letter of intent to the Mangaluru-based Delta
Infralogistics (Worldwide) Ltd for setting up a CFS in Mangaluru within one
year. Ahmed Mohiuddin, Managing Director of Delta Infralogistics (Worldwide)
Ltd said: his firm would start operation of a dedicated CFS in less than a year
from now.
The CFS will be developed on a sprawling
area located less than a kilometre from New Mangalore Port. Delta’s CFS will
play a crucial role in providing ancillary support to the dedicated container
terminal at New Mangalore, while decongesting the port and terminal, he added.
JSW Mangalore Container Terminal Pvt Ltd --
which has signed a concession agreement with New Mangalore Port Authority
(NMPA) for mechanisation of berth no. 14 -- operationalised a mechanised
container terminal at NMPA in April 2022.
Following this, NMPA handled 1.65 lakh TEUs
of Containers in 2022-23 against 1.52 lakh TEUs in 2021-22, recording a growth
of 8.55 per cent. In terms of tonnage, it went up from 23-09 in 2021-22 to
23.68 lakh tonnes in 2022-23. NMPT handled 30,086 TEUs in the first two months
of 2023-24 with a tonnage of 4.76 lakh.
Agri exports monitored by APEDA see marginal dip in April
Exports of agriculture products monitored by APEDA saw a marginal decline of about 3 per cent in rupee terms and 9.9 per cent in dollar value terms in April this year compared with the same period a year ago.
Exports during April were down at ₹18,179
crore compared with ₹18,718 crore in the same period last year.
The growth in shipments of rice – both
basmati and non-basmati - was offset by a decline in exports of livestock
products and cereals, such as wheat and maize, during the period. As per the
latest data released by APEDA, basmati exports were up at more than 4.24 lakh
tonnes compared with 3.19 lakh tonnes a year ago on demand from Iran.
Basmati shipments were up 56 per cent at
₹3,855 crore over ₹2469 crore. In dollar terms, basmati shipments registered a
45 per cent growth at $470 million ($324 million in a year ago). Non-basmati
rice shipments grew in April to more than 14.2 lakh tonnes (13.5 lakh tonnes).
In rupee terms, the shipments were up 18 per
cent at ₹4,349 crore (₹3,675 crore). In dollar terms, the non-basmati rice
shipments were up by about 10 per cent at $530 m ($482 million).
Wakao Foods exports India’s biggest plant-based meat
consignment to the USA
Wakao Foods, a Goa-based start-up, which offers sustainable plant-based products, including ready-to-cook and ready-to-eat options, has sent its largest-ever shipment of jackfruit products, weighing 13 tonnes, to the US.
This is the first of two containers being
sent to the USA. The flag-off ceremony took place on June 22 at Kochi Port,
Kerala, in the presence of Rajesh Agrawal IAS, Chairman of APEDA, and other
dignitaries. It marks the beginning of Wakao Foods’ export journey to the
United States.
Their flagship product is jackfruit meat,
catering to the growing vegan trend. The shipment includes an array of
mouthwatering products meticulously crafted by Wakao Foods.
Consumers in the United States can now
savour the authentic flavors of Raw jack, BBQ jack, Indian gravy, Continental
jack burger patties, Jack supreme burger patties, American herbs sausages, Hot
& spicy sausages, and Teriyaki jack.
Each product is a testament to Wakao Foods’
commitment to excellence, ensuring that customers enjoy the highest quality and
most delightful plant-based offerings
India plans to revive trade deal with SACU
Amid declining merchandise exports due to
demand slowdown in the west, India is placing renewed focus on striking a trade
deal with a union of five countries of Southern Africa that could give a leg up
to exports of pharmaceutical products and automobiles, two people aware of the
development said.
The resource rich Southern African Customs
Union (SACU), a customs union among five countries of Southern Africa:
Botswana, Eswatini, Lesotho, Namibia, and South Africa, is one of the largest
suppliers of raw primary or semi-processed commodities.
According to the ministry of commerce, five
rounds of negotiations regarding a potential India-SACU preferential trade
agreement have been held thus far. The first round of discussions took place in
2007 and talks stalled in 2010.
However, reports indicated that both sides
had agreed to revive the talks in 2020. According to persons aware of the
matter, talks between both sides have made progress.
This comes as trade experts have pointed out
that diversification of exports is crucial as 40% of India’s export orders come
from just seven countries and hence are more susceptible to external shocks.
Currently, US and Europe form nearly one – third of India’s merchandise exports
and have driven outbound shipments in the last decade.
PIL starts new service to enhance Yemen coverage
Pacific International Lines (PIL) has
announced the launch of new Intra-Redsea Feeder 2 (IR2) service with a direct
call to Hodeidah in Yemen. IR2 complements PIL’s existing Intra-Redsea Feeder 3
service (IR3) which covers Aden in Yemen.
With this new service of IR2, PIL will
expand its presence in Yemen. More specifically, IR2 will commence on 29 June
2023 from Djibouti, served by PIL’s vessel Kota Rahmat. Tonnie Lim, chief trade
officer of PIL, commented, "The launch of IR2 is part of our aim to
continually improve our connectivity from Asia to the Middle East.
The broadening of our presence in Yemen
conveys our confidence in the country and allows us to capitalise on the growth
potential of the Middle East region." The rotation of the IR2 service will
be Djibouti - Hodeidah (Yemen) – Djibouti.
:: Air Cargo News ::
Girma Wake – an aviation icon stepped down
In the Who's Who of international aviation, there are only a few
African managers who have made a lasting name for themselves beyond the borders
of the continent.
The most illustrious, best known, and certainly most respected
among them is Ato Girma Wake. For most of his professional career, he worked
for Ethiopian Airlines (ET). Now he has resigned from the post of Chairman of
Ethiopian Airlines Group. The reasons are the subject of intense speculation.
Girma Wake
has exited Ethiopian Airlines. His departure is a huge loss for the African
carrier – courtesy: The EthiopianIt
was about 20 years ago, when an Etihad freighter (at that time, the cargo
division was still called Etihad Crystal Cargo), landed in Addis Ababa (ADD) to
load flowers and carry them to the airline’s hub in Abu Dhabi.
It
was the carrier’s inaugural flight to ADD. After arrival at Bole International
Airport, the crew and high-ranking managers of the Arab airline were welcomed
by Girma Wake, CEO of Ethiopian Airlines. Addressing the delegation, he praised
the great opportunities offered by the Ethiopian market to international
airlines and forwarders, for the transportation of flowers and other
agricultural products grown and harvested there.
He
mentioned plans to add freighter aircraft to Ethiopian’s fleet and outlined
plans to upgrade and expand cargo facilities at ADD Airport, in accordance with
high international standards. And that is how it all came to be.
Now, visionary Girma Wake has stepped down as Chairman of the Ethiopian
Airlines Group. Why? He did not say.
Brilliant career
Mr. Wake is a highly respected figure in the African and international aviation
industry and boasts an impressive career spanning several decades. He served as
the CEO of Ethiopian Airlines from 2004 to 2011, during which he successfully
transformed the airline into Africa’s most successful passenger and cargo
carrier.
From
2012 to 2017, he served as Chairman of RwandAir, before returning to ET in
2018. Thanks to his immense contributions and expertise, the 79-year-old
veteran became the voice of Africa in international aviation organizations.
During his tenure at Ethiopian, he played a pivotal role in the airline’s
growth and development, overseeing significant achievements and successfully
navigating numerous challenges over the years, including the fallout from the
B737 MAX 8 crash on 10MAR19, and the effects of the Covid pandemic.
ET - a
political shunting yard?
So, why did this highly esteemed executive resign? The most plausible reason
for this is a power struggle between Prime Minister, Abiy Ahmed’s government
and parts of the management group of Ethiopian Airlines. According to local
publication, Anchor Media, there had been a severe quarrel between the
Ethiopian government and Mr. Wake.
The
report indicates that the head of government had ultimately demanded from Wake
to dismiss ET CEO, Mesfin Tasew, and replace him with current Head of Sales,
Lemma Yadecha. The paper indicates that ethnic reasons also played a major role
in the conflict. Wake had refused to consent the castling. There is no official statement on this issue.
The new
strong man at Ethiopian Airlines: Lieutenant General Yilma Merdassa. Photo:
Ethiopian ArmyMeanwhile, Lieutenant General, Yilma Merdassa has been appointed
as Wake's successor as the Head of Ethiopian Airlines’ Supervisory Council.
According to local media, he is a renowned fighter pilot, who bombed enemy
positions in the Tigray conflict. This war was initiated in 2021, by a military
offensive ordered by President Ahmed against rebels in Tigray. Various
Ethiopian tribes took part in the armed conflict, which deepened the country's
ethnic divisions.
Indian
airlines open up a new aviation chapter
Large orders for aircraft at the Paris Air Show will see India's
two leading airlines, Air India and Indigo, enter into serious competition
against their Gulf and Southeast Asian rivals in terms of passenger and air
cargo transportation. Together, they have placed firm Airbus orders totaling
750 aircraft.
In addition to this, Air India has confirmed a contract for 290
new Boeing aircraft, announced earlier. The Indigo order of 500 medium range
aircraft is the largest single order in the history of civil aviation.
The cards in international aviation are being reshuffled.
Whereas India has so far played a minor role in this key transport industry,
partly due to the notoriously poor service of formerly state-owned Air India,
coupled with constant technical hiccups, the country’s aviation has now taken a
U-turn, heading towards playing a leading role in international civil aviation.
This was shown by the massive aircraft orders signed by Indian
carriers at the latest Paris Air Show, and triggered by three main factors: the
fabulous rise of the low-cost carrier, Indigo, in the recent past, the takeover
of Air India by the private Tata Group in JAN22 for €2.13 billion, and the
traditionally underserved Indian aviation market, which, in the absence of
serious local competition, has become a goldmine for Gulf Airlines.
Group photo of Air India and Airbus managers at the Paris Air
Show after the Indian airline signed the order for 250 aircraft from the
European manufacturer - photo: courtesy Airbus
New deal in aviation
Air India, in particular, has been brimming with self-confidence since the
holding company Tata Sons took the reins in JAN22. This is expressed in a
long-term vision according to which the airline is to become one of the world's
leading network providers coupled with excellent service for its paying
customers. This also applies to forwarders and shippers, who are invited to
utilize the capacity of the cargo compartments of the passenger fleet to
transport their imports or exports to/from key markets.
New rules
prevail at Air India
But the times, they are a-changing, as Bob Dylan sang already in 1965.
Particularly Air India has been brimming with self-confidence lately. The
carrier’s key principles read: Performance should count, and an end should be
put to the feudal patronage system according to which senior jobs are awarded
to politically compliant individuals or family members of Indian elites.
Another motto: Anyone who grossly violates company principles,
can pack their bag. This is standard practice in other units of the Tata
conglomerate, which includes the Jaguar and Land Rover car brands. Tata also
holds 51% in Indian airline, Vistara, and 84% in AirAsia India. There are
indications that the Group wants to merge the different airlines. However, the speculations
lack official confirmation by the Group's top management.
Surpassing
BA’s fleet
At the Paris-held Aero Salon, Air India has now confirmed announcements that it
will be taking delivery of a total of 290 Boeing jetliners and 250 Airbus
aircraft, adding up to 540 newbuilds in total. Once delivered, its fleet will
surpass that of IAG member, British Airways, which currently operates 327
planes, of which 117 are long haul.
However, neither Indigo nor Air India say how they plan to finance their large
orders. Although significant financial discounts are common for such packages,
but even with generous discounts granted by the frame makers, a high double
digit billion-dollar amount remains, which is due proportionately with the
takeover of each individual aircraft.
Redistribution
of passenger and cargo flows
While the bulk of Air India's single aisle models will serve domestic and
regional routes, 30 Boeing (20 B787s, 10 B777s) and 40 Airbus widebody aircraft
(34 A350-1000s, 6 A350-900s) will operate long distance. They will complement
the existing fleet of 40 widebody Boeing 787 (23 units) and B777 (17 aircraft).
The carrier is thus in a position to serve a large international
network and offer abundant capacity on trunk routes such as Delhi-Heathrow, for
instance. Consequently, Air India will snatch away passengers and air freight
volumes not only from its Gulf competitors but also from Turkish Airlines on
intercont east west routes or to Sub Sahara Africa.
After all, direct flights are more comfortable, compared to
transits at Abu Dhabi or Dubai, and for cargo clients faster, securing product
quality of perishable exports and other temperature-sensitive cargo - a main
Indian commodity, if well managed from field to shelf.
Airbus
clears the table at the Paris Aero Salon
In total, Airbus was able to conclude firm orders for the delivery of more than
830 aircraft during the Air Show at Paris Le Bourget. The European manufacturer
thus left its arch-rival, Boeing, far behind.
The latter sold mainly single aisle variants, (see Air India
above), with Ryanair placing a massive order totaling 175 Next Gen 737-800
aircraft. It is the largest Boeing order ever signed by a European carrier. At
the Paris Air Show, CEO, Michael O'Leary indicated his company's interest in
Boeing's 737 MAX, but did not specify plans.
DHL Express doubles capacity in Helsinki
The integrator has unveiled plans for a large logistics center
at Helsinki Vantaa Airport. The complex will be erected in the Aviapolis area
and comprise of 16,000 gross square meters, more than doubling the size of the
integrator’s current Helsinki hub.
Constructors of the facility are local Finnish firms AVIA Real
Estate Oy and Meijou Oy. DHL Express will lease the distribution and sorting
center exclusively for 15 years. Total investment in new premises and
technology in the Aviapolis area is around €100 million.
In terms of e-commerce development, Finland is no exception compared to many other countries. During the COVID-19 pandemic, the segment grew by around 50%, explains Oktay Nuri, MD DHL Express, Finland. And the trend towards online retailing continues unabatedly. In principle, even before 2019, there was a steady upswing with annual growth rates of around 25%.
New consumer habit benefits e-commerce
Against this economic backdrop, the expansion of business activities that has
now been decided by setting up a logistics center, is a consequence of general
market developments and a cultural change favoring convenient online shopping to
the detriment of the traditional brick and mortar business, observes Manager
Nuri. A trend that was reinforced by the numerous lockdowns during the
pandemic.
The commissioning of the new facility is scheduled for the end of 2025. Once
accomplished, the throughput capacity per hour will be more than tripled
compared to today’s abilities, announces Oktay Nuri.
“Its automated sorting system
can handle approximately 6,500 items per hour. 90 direct loading bays enable
efficient sorting of shipments directly from the conveyor to the delivery vans.
All bays will be equipped with charging stations for e-vehicles, supporting our
goal to electrify our entire pick-up and delivery fleet within a few years,”
explains Janne Appel, Operations Director DHL Express Finland.
Oktay Nuri heads DHL Express in Finnland – courtesy: DHL ExpressHigh rate of same day delivery
According to Manager Nuri, DHL Express is market leader in the Nordic country
in the express services segment. Its Helsinki hub is connected to Leipzig-Halle
and Copenhagen; each route served from Monday to Friday by air. An A300-600
freighter is deployed on the HEL-LEJ sector, capable of uplifting 46 tons, and
a B737-400 freighter (17 tons) links Helsinki with Copenhagen each weekday.
Following the offloading of goods at HEL, the shipments continue
their journeys all over Finland. DHL Express also has terminals in Tampere and
Turku. In the evening, the planes fly back to Leipzig and Copenhagen with
export shipments from Finland.
Data shows that 80% of the imports are delivered to consignees on the day of
their arrival in Finland.
The export / import ratio of e-commerce products to and from the
Nordic country is balanced and equates 50/50%, says Oktay Nuri.
DHL Express Finland employs some 400 people at its stations in Helsinki-Vantaa,
Tampere, and Turku. The company is Great Place to WorkTM certified.
Carbon
neutral facility
In line with the sustainability goals of DHL and its parent, Deutsche Post DHL
Group, the Finnish representation is also driving decarbonization forward as
quickly as possible. Reducing the carbon footprint of transportation and
designing all new buildings carbon neutral are important steps in the
sustainability roadmap, reads a release.
Accordingly, the new Helsinki Express gateway will be carbon
neutral. DHL points out that geothermal heat is used as the main heating
solution and electricity is produced with photovoltaic systems. An advanced
building management system, energy-efficient building materials and processing
equipment, and LED lighting are among the environmentally friendly features.
The employees will get a spacious and functional working environment, in which
safety and environmental aspects have been taken into account.
Lufthansa Cargo’s customer connections
It takes two to tango and Lufthansa Cargo continues to enter
into the dance for better connectivity and cleaner skies together with its
customers. This week, two press releases were sent out.
The first announced an API (Application Programming Interface)
connection between DB Schenker and Lufthansa Cargo, giving all DB Schenker
stations worldwide a simple, fully transparent, and real-time overview of
immediately bookable rates and routings in their own TMS (Transport Management
System).
Up to 40 routes per product are displayed via Lufthansa Cargo's
free (for customers and partners) smartBooking API, along with the
corresponding best prices directly in the customer’s own booking system – a
service that is accessible and bookable 24/7.
Clean and connected – not just with DB Schenker. Image:
Lufthansa Cargo
Benefits of API
The benefits? Speed, ease of use, reduction of resources, as well as error
elimination since there is no longer any need for duplicate data entry.
Initially, the interface is being used to book standard products such as
General Cargo (td.Pro and td.Flash). Special products may come at a later
stage.
Ashwin Bhat, CEO of Lufthansa Cargo, said: “At
Lufthansa Cargo, we rely on digital solutions that offer our customers clear added
value - be it in search and booking processes or the management of the same.
smartBooking is one such solution: Current offer data is transmitted quickly,
seamlessly, and transparently in this way, in line with our customer's
respective needs.
The fact that our long-standing Global Partner DB Schenker is
now successfully connected to Lufthansa Cargo via this API link, is something
we are very pleased about and motivates us to continuously develop our digital
services and solutions.”
Asok Kumar, EVP Global Air Freight at DB Schenker, commented: “The long-standing cooperation and trust
between Lufthansa Cargo and DB Schenker was key for the implementation of the
API interface. Direct access to Lufthansa Cargo‘s dynamic pricing from our
inhouse Transport Management System will boost the user experience. Our
customers will benefit from the additional efficiency.”
Cleaner
skies with SAF
The second release announced the signing of a SAF agreement between the airline
and the global Japanese logistics company, Nippon Express Europe, in a joint
effort to reduce CO₂ emissions.
In Nippon Express Group’s case, this particular contract will
enable emissions savings of around 3,150 tons within one year, in line with its
goal of a 50% reduction in SCOPE 1 and 2 emissions by 2030 (reference 2013).
The Japanese company aims for a 30% (350,000 tons) reduction already by the end
of this year, 2023. In MAY23, Nippon Express Holdings, Inc. submitted a Letter
of Commitment to be certified as a Science Based Targets (SBT) company,
embarking on a plan to achieve a carbon neutral society by 2050.
Only
together can we succeed
Ashwin Bhat, CEO of Lufthansa Cargo, appreciated the long-standing partnership,
declaring: “Every player in
the logistics industry has a model here, and only together can we succeed in
making our business more environmentally friendly along the entire supply
chain. The more Sustainable Aviation Fuel is used in the transportation of
goods by air freight, the more likely we are to succeed in moving away from
fossil fuels, making the entire air freight industry more sustainable.”
Shinichi Kakiyama, Managing Director of Nippon Express Europe, commented: “We, at the Nippon Express Group, remain
mindful of the environmental effect of the increasing demand for air freight.
We fully acknowledge this reality, and we must move quickly to take action to
slow global warming.
This agreement to advocate using SAF represents a step in the
right direction on the way to a greener future. Together with Lufthansa Cargo,
we are honored to embark on this journey to meet our sustainability goals and
fulfil our ongoing commitment to combat climate change.”
Iraqi Airways celebrates delivery of its first Boeing 787 dreamliner
Boeing
and Iraqi Airways celebrated the delivery of the airline’s first Boeing 787
Dreamliner with a special event in Baghdad to welcome the flag-carrier’s
super-efficient widebody jet. The Iraqi flag carrier has taken the first of 10
787s on order, to profitably grow its long-haul network and connect Iraq to
more international destinations.
The
delivery of Iraqi Airways’ first 787 follows delivery of four Boeing 737 MAX
airplanes since February. The airline has ordered a total of six 737-8s and 10
737-10s, providing its single-aisle fleet with more capability across its
regional and medium-haul routes.
“We
are proud to be taking delivery of an airplane with the capabilities of the 787
Dreamliner. As domestic and international air traffic gains momentum, it’s
crucial that our Iraqi Airways fleet matches growing demand with more
efficient, capable and comfortable airplanes,” said Manaf Abdel-Monem, Director
General of Iraqi Airways. “The 787 and 737 MAX airplanes we have received are
key to our fleet renewal program which aims to ensure we can fly our passengers
around the world in the safety and comfort they expect from a modern and
efficient airline like Iraqi Airways.”
Iraqi
Airways currently serves more than 50 destinations from Baghdad and is
expanding and renewing its fleet to support the anticipated increase in
international business and leisure travel to and from the country. Iraq is
seeing increased stability and economic growth, with the country’s annual gross
domestic product growth rate expected to reach 7% by the end of 2023. With
global air traffic rebounding, Middle Eastern airlines are seeing more than a
40% traffic increase compared to last year.
“Today
marks a new beginning for Iraqi Airways, taking delivery of its first 787
Dreamliner that will support the airline in connecting Iraq to the world,” said
Omar Arekat, Boeing vice president of Commercial Sales and Marketing for the
Middle East. “Boeing is committed to supporting Iraqi Airways’ ambition to
bring greater optimization and new route possibilities to the region.”
“Air
transport is at the heart of economic growth. It creates employment,
facilitates trade, enables tourism and supports sustainable development. The
arrival of the Boeing 787 today is an important step in connecting the Iraqi
people to the region and the world,” said Kuljit Ghata-Aura, President Middle
East, Türkiye and Africa, Boeing. “We look forward to supporting the Iraqi
government and the Iraqi private sector as they grow Iraq’s commercial fleet
and modernize the country’s commercial aviation infrastructure.”
The
787-8 Dreamliner can fly 248 passengers up to 7,305 nautical miles (13,530 km)
in a typical two-class configuration. Using 25% less fuel and creating 25%
fewer emissions than the airplanes it replaces, the 787 family has reduced more
than 141 billion pounds of carbon emissions since entering service in 2011.
Boeing
designed the 787 family with superior efficiency, which allows airlines to
profitably open new routes to fly people directly where they’d like to go in
exceptional comfort. Since 2011, the 787 family has launched more than 350 new
non-stop routes around the world, including more than 50 new routes since 2020.
Passengers
enjoy many improvements with the 787 family such as the largest windows of any
jet; air that is more humid and pressurized at a lower cabin altitude for
greater comfort; large overhead bins with room for everyone’s bag; soothing LED
lighting; and technology that senses and counters turbulence for a smoother
ride.
In
addition to the 737-8 and 787-8, Iraqi Airways operates a fleet of more than 40
Boeing airplanes, including 737-800s, 747s and 777s, serving more than 50
destinations from Baghdad.
I reckon you have enjoyed
reading the above useful information.
Have a nice day.
Thanks & kind regards
ROBERT SANDS, Joint Managing Director
Jupiter
Sea & Air Services Pvt Ltd
Casa
Blanca, 3rd Floor
11, Casa
Major Road, Egmore
Chennai –
600 008. India.
GST Number
: 33AAACJ2686E1ZS.
Tel : + 91
44 2819 0171 / 3734 / 4041
Fax : + 91
44 2819 0735
Mobile : +
91 98407 85202
E-mail : robert.sands@jupiterseaair.co.in
Website : www.jupiterseaair.com
Branches
: Chennai, Bangalore, Mumbai, Coimbatore, Tirupur and Tuticorin.
Associate Offices : New Delhi, Kolkatta, Cochin & Hyderabad.
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