Qatar Airways forced to delay Airbus deliveries amid travel downturn

Qatar Airways forced to delay Airbus deliveries amid travel downturn
Qatar Airways has urged Boeing to follow suit in delaying plane deliveries. (AFP)
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Updated 02 September 2020

Qatar Airways forced to delay Airbus deliveries amid travel downturn

Qatar Airways forced to delay Airbus deliveries amid travel downturn
  • Airline can bring forward Airbus deliveries if market rebounds

SYDNEY: Qatar Airways has struck a deal with Airbus to delay delivery of airplanes due to the pandemic-induced travel downturn, but remains in talks with Boeing about deferrals, the airline’s CEO said on Wednesday.

“We have the ability to bring forward the deliveries if there is a rebound in air travel,” Qatar Airways CEO Akbar Al-Baker said of the Airbus deal at the CAPA Australia Pacific Aviation Summit, without providing further details.

Al-Baker said the airline had not reached an agreement with Boeing.

“As far as Boeing is concerned we are still in negotiations with them, but regardless of what they feel, an aircraft manufacturer needs to oblige customers in difficult times,” he said.
“People who will not oblige and stand with us in this difficult time will not see us again.”

Qatar Airways said in June it would not take any new planes ordered from Boeing or Airbus in 2020 or 2021, adding there would be a knock-on effect to future deliveries due to the COVID-19 pandemic.

The airline has 27 A350-1000s and 50 A321neos on order, according to the Airbus website. It has also ordered 60 777X planes, five 777 freighters and 23 787-9s from Boeing, the US manufacturer’s website said.

Qatar Airways had also ordered 737 MAX jets for its part-owned carrier Air Italy before its collapse and it is in talks with Boeing about those planes, Al-Baker said.

Airbus and Boeing did not respond immediately to requests for comment.


Deliveroo raises $180 mln from investors, valued at $7 billion

Deliveroo raises $180 mln from investors, valued at $7 billion
Updated 17 January 2021

Deliveroo raises $180 mln from investors, valued at $7 billion

Deliveroo raises $180 mln from investors, valued at $7 billion
  • Deliveroo is set to hold an initial public offering in the coming months
  • The internet giant's stake is not expected to increase as a result of its participation in the latest round of fundraising

LONDON: British food-delivery company Deliveroo said on Sunday it had raised a further $180 million from existing investors, including minority shareholder Amazon, in a move that values the business at more than $7 billion.
Deliveroo is set to hold an initial public offering in the coming months, in what would be the biggest new share issue in London for three years.
"This investment will help us to continue to innovate, developing new tech tools to support restaurants, to provide riders with more work and to extend choice for customers," Deliveroo founder and chief executive Will Shu said.
Britain's competition regulator approved Amazon's May 2019 purchase of a 16% stake in Deliveroo in August, overruling objections from local competitors Just Eat Takeaway and Domino's Pizza.
The internet giant's stake is not expected to increase as a result of its participation in the latest round of fundraising, which was led by U.S. investors Durable Capital Partners and Fidelity Management & Research.
Deliveroo operates across 12 countries, mostly in western Europe but also in Australia, Hong Kong, Singapore and the United Arab Emirates. It did not state how much each investor had contributed in the latest funding round.
The company said it would spend the $180 million on expanding delivery-only kitchen sites, on-demand grocery deliveries and subscription services, as well as allowing more restaurants to take orders from via own websites.