Air New Zealand cancels flights after “events” involving Rolls-Royce engines

Engines on its Boeing 787-9 jets would now require early maintenance, Air New Zealand said in a statement. Above, a Boeing 787 aircraft takes off from Auckland Airport. (Reuters)
Updated 07 December 2017
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Air New Zealand cancels flights after “events” involving Rolls-Royce engines

WELLINGTON: Air New Zealand said on Thursday “two recent events” involving Rolls-Royce Holdings Trent 1000 engines had prompted it to cancel and delay some international flights over the coming weeks, making it the latest airline to experience problems.
Engines on its Boeing 787-9 jets would now require early maintenance, it said.
Rolls-Royce told investors in August that 400 to 500 Trent 1000 engines were affected by issues with components wearing out earlier than expected, according to a conference call transcript.
Air New Zealand did not disclose the nature of the two events, but the New Zealand Transport Accident Investigation Commission said it was investigating two events involving “engine abnormalities” on Air New Zealand aircraft this week.
The Aviation Herald reported on Tuesday that an Auckland-Tokyo flight had returned to its base after take-off due to an engine issue, while plane tracking website FlightRadar24 said a flight to Buenos Aires had returned to Auckland on Wednesday.
Japan’s ANA Holdings and Britain’s Virgin Atlantic have also reported issues with the engines over the last 18 months.
Air New Zealand said Rolls-Royce did not have spare engines available while the maintenance work was being undertaken, meaning it would be focused on finding replacement aircraft capacity.
Rolls-Royce said it was working with Air New Zealand to minimize disruption and restore full flight operations as soon as possible.
“It’s not uncommon for long-term engine programs to experience technical issues during their life and we manage them through proactive maintenance,” a Rolls-Royce spokeswoman said.
Air New Zealand said it did not anticipate any change to current earnings guidance at this stage.


Dubai eyes stronger business, investment ties with Egypt

Competitive advantage: Dubai’s reputation as a wealth generator and investment stronghold continues to drive the city’s growth. (Reuters)
Updated 23 July 2018
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Dubai eyes stronger business, investment ties with Egypt

  • Dubai’s global reputation as a wealth generator and investment stronghold continues to drive the city’s growth and was a matter of interest to the visiting Egyptian delegates

Dubai has moved to further strengthen the emirate’s business and investment ties with Egypt, following meetings with a high-level Egyptian delegation.

During the discussions held in Dubai, Dubai FDI and Egyptian delegates from the General Authority for Investment and Free Zones appraised the many foreign investments coming into the city as a result of the government’s intensive efforts to create a business-friendly environment.
Dubai FDI (the investment agency of the Dubai Economic Development Department) also took the opportunity to explain its mandate and role in creating a business-appropriate landscape to attract international companies and help stimulate capital growth.
Khalid Al-Boom, Deputy CEO of Dubai FDI, who welcomed the Egyptian officials, said that Dubai and Egypt’s joint efforts and deepening relations constitute a significant boost to the government’s initiative to make Dubai one of the most sustainable and competitive business hubs in the world. Al-Boom also said that the visit would further reinforce government-to-government ties and promote sharing of knowledge of expertise.
He noted that the current favorable business environment would further push a new phase of economic and investment cooperation between the two countries to help realize their growth and development goals.
“We at Dubai FDI are fully committed to continue on the path toward success and optimize Dubai’s transformation and potential to make the emirate’s one of the most stable economies in the Middle East and the world,” he concluded. The Egyptian delegates were introduced to local business, government, and legislative processes and procedures. Dubai FDI officials also discussed promising business opportunities and key services that benefit foreign companies operating in the emirate.
The Dubai Government has rolled out a comprehensive program to help foreign companies interested in starting their business in the city. The visiting delegation toured the Dubai Multi Commodities Center and the Dubai Silicon Oasis Authority, during which they were informed about the institutions’ best practices, development strategies, main service offerings, and major investment opportunities.
Dubai’s global reputation as a wealth generator and investment stronghold continues to drive the city’s growth and was a matter of interest to the visiting Egyptian delegates. They were informed that though Dubai moved away from traditional trading and looked to its natural resources for sustenance in the latter half of the 20th century, revenue from oil was soon complemented and later almost replaced with a knowledge-based and services driven economy.
The innovative businesses which establish themselves in Dubai are supported by the Emirate’s ambition to drive technology, pioneer new innovation and foster thought leadership.
Trade, logistics, financial services, hospitality and tourism, real estate, construction and manufacturing now make up more than 90 percent of business activity in the Emirate.
This diversification, along with Dubai’s strategic location, infrastructure and ease of business philosophy, make it a popular choice for local and international organizations to begin operations and expand into the Middle East.