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Jalan Kalrock Consortium, the winning bidder for the revival of grounded carrier <keyword id="6358200" type="General" weightage="20" keywordseo="Jet-Airways" source="Orion">Jet Airways</keyword>, on Friday said it has infused an additional Rs 100 crore in the airline as per the court-approved resolution plan. With this, the consortium has "fulfilled" its total financial commitment of Rs 350 crore to revive the airline, which would pave the way for it to take over the ownership of Jey Airways, JKC (Jalan Kalrock Consortium) said in a statement. JKC also said it is expecting the airline to be up and running next year with the launch date likely to be announced in the next few days. Jet Airways has not flown since April 17, 2019. "Kalrock Consortium (JKC) today completed an additional infusion of 100 crore, reaffirming its unwavering commitment to a successful resurgence of Jet Airways," the consortium said in the statement. "With this infusion, JKC has now fulfilled its total financial commitment of Rs 350 crore equity as per the court-approved resolution plan, and all commitments by JKC now stand fulfilled to take control of the iconic airline," it added. It also said that the consortium's strategy to revive the airline remains unaltered. "The new promoters are determined to re-establish the operations of the airline up and running in 2024," it said and added that further announcements regarding the launch date of Jet Airways will now be made in the coming weeks.

Jet Airways hits upper circuit after Jalan Kalrock Consortium infuses Rs 100 cr more

<ul class="summary-list"><li>British Airways owner IAG reported profits were up 15% from the same period last year.</li><li>One analyst said the group avoided being affected by Boeing delivery delays like some rivals.</li></ul>The owner of <a target="_blank" class="" href="https://www.businessinsider.com/british-airways-airbus-a380-premium-economy-review-upgrade-cost-2024-10">British Airways</a> posted bumper profits as it reported its third-quarter earnings on Friday that sent its stock higher.International Airlines Group posted an operating profit of 2 billion euros ($2.15 billion) for the three months to September 30, 15% higher than the same period last year. Revenue rose 7.9% to 9.32 billion euros."This is due to the effectiveness of our strategy and group-wide transformation," said IAG <a target="_blank" class="" href="https://www.businessinsider.com/neither-boeing-nor-airbus-won-this-years-farnborough-airshow-2024-7">CEO Luis Gallego</a>. "Demand remains strong across our airlines and we expect a good final quarter of 2024 financially."Sean Doyle, the CEO of BA, said in a LinkedIn post that the carrier had "faced a challenging operating environment this summer, driven by air traffic control restrictions, adverse weather and engine supply delays" and thanked customers for their understanding when delays have occurred. "We're already working hard with our industry and government partners to improve resilience across the sector ahead of next summer."Julie Palmer, partner at management consultancy company Begbies Traynor, told industry outlet ARGS: "In contrast to its peers, heavily affected by Boeing delivery delays and falling ticket prices, the British Airways owner was able to materially increase passenger revenues leading to a near 8% uptick in overall revenues."Analysts at Peel Hunt said the better-than-expected results were due to robust cash generation, the buildup of excess cash, and confidence in the strategy and long-term group prospects, and hailed a surprise 350 million buyback. "The outlook is positive, with sustainable demand for travel and attractive margins," they added. The stock jumped more than 6% in London, bringing the year-to-date rise to almost 50% and valuing IAG at just over 11 billion euros.The group also owns Iberia, Aer Lingus, and the budget carrier Vueling.Europe's biggest airline, <a target="_blank" class="" href="https://www.businessinsider.com/ryanair-earnings-profits-drop-boeing-delays-criticism-consumer-2024-11">Ryanair</a>, said on Monday that profits were down 18%. The budget carrier criticized Boeing, saying it relied on fuel savings to offset higher spending caused by delivery delays.Problems with engines powering Airbus jets have also affected European carriers. Wizz Air reported that profits were down a fifth, as it grounded dozens of planes for inspections on <a target="_blank" class="" href="https://www.businessinsider.com/airlines-scramble-for-spare-parts-amid-pw-engine-recall-2023-8">Pratt &amp; Whitney engines</a>.<h2 id="91bd5365-9f2f-4eb8-b5cf-e7efe2e11646">Route cuts </h2>Some issues still lie ahead for British Airways.Due to delays to Rolls-Royce engine parts for its Boeing 787 jets, the airline has canceled flights between London Gatwick and New York JFK from December to March.It also plans to stop flying to Dallas-Fort Worth due to the same supply-chain issues, Simple Flying reported.Nonetheless, BA announced that next summer, it will operate a record number of flights to North America.Flights to the North Atlantic region made up the highest proportion, or 31.7%, of IAG's airline seat kilometers in the last quarter. British Airways' revenue in the region was "particularly strong," the company said.

Profits jump at British Airways' owner as rivals struggle with Boeing delivery delays

<ul class="summary-list"><li>Jeff Bezos took delivery of a Gulfstream G700 in July, according to JetSpy.</li><li>The $80 million private jet is the fourth aircraft in the Amazon founder's collection.</li></ul><a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-life-career-education">Jeff Bezos</a> has become the owner of a <a target="_blank" class="" href="https://www.businessinsider.com/see-inside-qatar-executives-75-million-g700-private-jet-2023-7">Gulfstream G700</a>, the newest private jet model on the market.That's according to data from JetSpy and Jack Sweeney, the college student known for tracking Elon Musk and <a target="_blank" href="https://www.businessinsider.com/taylor-swift-threatens-sue-college-student-who-tracks-private-jet-2024-2">Taylor Swift's aircraft</a>.The G700, which is worth around $80 million, appears to be the fourth jet in <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-private-jet-collection-two-gulfstream-g650ers-seattle-hangar-2024-5">Bezos' collection</a>.JetSpy data shows that he also owns two of its predecessor model, the Gulfstream G650, plus a smaller <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-private-jet-pilatus-pc-24-inside-unique-toilet-2024-6">Pilatus PC-24</a>. This suggests that with his latest purchase, Bezos' aircraft collection is worth more than $200 million.Like the PC-24, the Federal Aviation Administration lists the G700's owner as a company called TVPX Aircraft Solutions.TVPX's website says it provides trust services for US business aviation, either due to rules on citizenship or for "privacy enhancement."<a target="_blank" class="" href="https://www.businessinsider.com/worlds-newest-private-jet-gulfstream-g700-qatar-airways-photos-ebace-2024-7">The G700</a> was certified by the FAA in March, allowing it to fly passengers after nine months of anticipation. The first two jets were delivered to Qatar Airways' private jet division. <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-new-jet-gulfstream-g700-photos-tour-2022-11">Elon Musk</a> has also reportedly ordered one.Based on past flights, Bezos appeared to take delivery of his G700, registered as N11AF, on July 10.According to JetSpy, the aircraft then made several journeys using the FAA's Privacy ICAO aircraft address (PIA) program. It lets <a target="_blank" class="" href="https://www.businessinsider.com/elon-musk-appears-no-longer-masking-private-jet-tracking-pia-2023-10">private jet owners fly incognito</a> by using a temporary aircraft registration.Last Sunday, the G700 departed Ibiza. Around the same time, Bezos and his fiancée Lauren Sánchez were photographed on the island, walking toward his <a target="_blank" class="" href="https://www.businessinsider.com/jeff-bezos-yacht">$500 million superyacht</a>.JetSpy data shows the plane made 28 flights in 39 days, emitting 264 tons of carbon dioxide. That's about 17 times what <a target="_blank" class="" href="https://ourworldindata.org/co2-emissions#per-capita-co2-emissions">the average American emits</a> in a year.Business Insider contacted Amazon, where Bezos remains executive chairman, about the Gulfstream G700 but did not immediately receive a response.

Jeff Bezos appears to have taken delivery of the newest, most-hyped private jet on the market

<ul class="summary-list"><li>Nvidia posted stellar numbers after Wednesday's closing bell.</li><li>The stock surged 14% in premarket trading, putting it on course to boost its value by $240 billion.</li></ul><a target="_blank" href="https://markets.businessinsider.com/stocks/nvda-stock">Nvidia</a> reignited the tech rally after posting stellar earnings that proved why it's <a target="_blank" href="https://www.businessinsider.com/nvidia-just-showed-world-ai-daddy-now-chips-revenues-2024-2">become an AI darling</a> over the past 14 months.The chipmaker's earnings-per-share and revenues for the final quarter of 2023 smashed Wall Street's expectations, while CEO Jensen Huang flexed his muscles after those figures were published by sharing a bullish forecast for the company's future.<a target="_blank" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-surges-blowout-sales-report-pushing-us-futures-higher-2024-2">Nvidia shares popped</a> about 14% in premarket trading. If those gains hold up after the opening bell, Nvidia's total valuation will balloon by $240 billion to just under $2 trillion, by Business Insider's calculations.<a target="_blank" href="https://markets.businessinsider.com/news/stocks/nvidia-stock-surges-blowout-sales-report-pushing-us-futures-higher-2024-2">Stock futures</a> also surged ahead of the opening bell. The benchmark <a target="_blank" href="https://markets.businessinsider.com/index/s&amp;p_500">S&amp;P 500</a> was on pace to climb 1% and the tech-heavy <a target="_blank" href="https://markets.businessinsider.com/index/nasdaq_100">Nasdaq 100</a> looked set to start the day's trading 2% higher. Meanwhile, Japan's flagship <a target="_blank" href="https://markets.businessinsider.com/index/nikkei_225">Nikkei 225</a> index hit a record high for the first time in 34 years.Here's how analysts are reacting to Nvidia's latest report.<h2>Kathleen Brooks, XTB</h2>Nvidia's earnings "led to a collective relief rally across markets, so we've seen record highs in Europe and also a record high in the Nikkei," Brooks told BI. "I don't think that would have happened if Nvidia's results hadn't been so good.""It was classic stuff — it was another monster earnings report. And it wasn't just about the earnings, although they were very strong — it was more about <a target="_blank" href="https://www.businessinsider.com/nvidia-earnings-ai-chips-demand-jensen-huang-allocate-fairly-stock-2024-2">the commentary that went with it</a>. I have rarely heard a CEO be so bullish, so committed to this theme, and so convinced that this is the future."<h2>Dan Ives, Wedbush </h2>"In the biggest moment for the market and tech sector in many years, the godfather of AI Jensen and Nvidia just delivered a robust quarter and guidance, crushing Street and whisper expectations," Ives said in a research note on Wednesday night."This was a 'game-changing moment' for the tech bulls and puts jet fuel in the tech bull market thesis," he added.<h2>Jason Hollands, Bestinvest</h2>"The astronomical assent of Nvidia is truly a wonder to behold," Hollands said Thursday. "Four years ago, Nvidia was valued at less than $100 billion, now it is a $1.7 trillion company, making it the <a target="_blank" href="https://www.businessinsider.com/nvidia-stock-price-jensen-huang-alphabet-amazon-magnificent-seven-charts-2024-2">fourth-largest business on the planet</a> measured by market capitalisation.""The latest bullishness about Nvidia will give further legs to the 'Magnificent Seven' phenomena," he added, referring to the <a target="_blank" href="https://markets.businessinsider.com/news/stocks/tech-stocks-tesla-nvidia-apple-microsoft-amazon-the-magnificent-seven-2023-6">mega-cap Big Tech stocks</a> that have racked up huge gains since the start of 2023.<h2>Russ Mould, AJ Bell</h2>"Crisis has been averted after Nvidia smashed expectations with its latest results," Mould wrote in a note Thursday. "Markets were braced for potential disappointment given how its shares were weak in the run-up to the numbers, but a large beat on both earnings and sales has put a new rocket under the stock.""The people who made the most money in the gold rush of the mid-1800s were the ones providing the tools to get the job done, not those hunting for the precious metal," he added. "Nvidia is effectively playing the same role today in this tech revolution. It is at the heart of a major structural change in how we use computers, so it is no wonder investors want a slice of the pie."

Nvidia is 'jet fuel' for the stock market, say Wall Street analysts

<ul class="summary-list"><li>The flagship of Donald Trump's private-jet fleet is a Boeing 757-200.</li><li>Trump's Boeing 757 is a 30-plus-year-old airliner converted for use as a private jet.</li></ul>Whether you love him or hate him, there's no arguing Donald Trump's taste in private jets is fantastic. His current flagship <a target="_blank" href="https://www.businessinsider.com/donald-trump-private-jet-helicopter-fleet-2024-5">is a Boeing 757-200 airliner</a> converted for VIP use.The <a target="_blank" href="https://www.businessinsider.com/boeing-757-airline-demand-la-compagnie-2016-5">757 is an aircraft without equal</a>. Since its launch in 1982, it's been one of the most capable, versatile, and respected aircraft in the skies.However, Trump's retrofit of the airliner as a business jet was <a target="_blank" href="https://nymag.com/intelligencer/article/donald-trump-private-jet-boeing-757.html">recently questioned</a> in an article that turned its nose up at the plane, calling it "crappy" and "dilapidated."While the article did make some good points — purpose-built business jets have more comfortable cabin pressure and can operate out of smaller airports — the author's disdain for its owner, whom I'm ambivalent toward, bled over into an unnecessarily harsh characterization of the plane.There's a common saying in the business-aviation industry: The private jet isn't a luxury; it's a time machine. The point of a private jet is to save its occupant time and increase their productivity. Time is money, and the time saved by flying private instead of commercial is worth more than the extra cost.From that perspective, the 757 is probably not the most cost-effective or efficient corporate jet for a globe-trotting business mogul. The <a target="_blank" href="https://www.businessinsider.com/donald-trump-private-jet-helicopter-fleet-2024-5">jet burned through $2.6 million worth of fuel</a> from 2023 to 2024.<div type="image" title="Bombardier Global 7500 Demonstration Aircraft — Dubai Airshow 2021" height="1666" width="2500" msid="110972544" hostid="261"></div>A purpose-built <a target="_blank" href="https://www.businessinsider.com/see-inside-qatar-executives-75-million-g700-private-jet-2023-7">Gulfstream</a> or <a target="_blank" href="https://www.businessinsider.com/see-inside-the-75-million-bombardier-global-7500-private-jet-2022-12">Bombardier Global</a> is certainly a better option. Both are newer and more efficient, and they have the range to reach pretty much any destination in the world.But neither can match the sheer presence and drama of arriving at a destination in a <a target="_blank" href="https://www.businessinsider.com/see-inside-vip-boeing-757-private-jet-bedroom-dining-room-2022-7">VIP airliner</a>. And they don't look nearly as good behind a campaign stage.And for a consummate self-promoter like the Donald, there's no better private jet than a three-story, 155-foot-long <a target="_blank" href="https://www.dailymail.co.uk/news/article-12576973/Donald-Trump-California-air-flying-cheering-crowd.html">flying billboard</a> covered in the Trump logo.The marketing and brand value created by the flying billboard trumps the added cost of operating a decades-old airliner, equipped with two bedrooms and a dining room, all lined in 24-karat gold.In fact, Trump once said in a documentary that the plane was "very much an extension of the Trump brand," <a target="_blank" href="https://www.nytimes.com/2016/04/24/us/politics/donald-trumps-aging-air-fleet-gives-his-bid-and-his-brand-a-lift.html">The New York Times reported</a> in 2016.The jet, dubbed <a target="_blank" href="https://www.businessinsider.com/donald-trumps-boeing-757-airliner-2015-7">Trump Force One</a>, has been a fixture at campaign stops ahead of the 2016 and 2024 presidential elections.<div type="image" title="Trump Boeing 757" height="1666" width="2500" msid="110972547" hostid="261"></div>Trump acquired the 757, registration N757AF, from the Microsoft cofounder Paul Allen in 2010 to replace his older Boeing 727.N757AF was originally delivered to the defunct Danish low-cost carrier Sterling Airlines in May 1991. It also briefly flew for the defunct Mexican airline TAESA before the tech billionaire picked it up in 1995.Though the aircraft is now well into its 30s, older, well-maintained planes can operate safely and effectively at that age. According to <a target="_blank" href="https://www.airfleets.net/listing/b757-1.htm">Airfleets.net</a>, plenty of 757s older than Taylor Swift, born in 1989, are in regular service with airlines and cargo operators like DHL, FedEx, and Delta.Trump's 757 spent nearly a year in the hangar, <a target="_blank" href="https://www.businessinsider.com/trumps-boeing-757-private-jet-flying-again-new-paint-job-2022-10">receiving a full refurbishment and a new paint job</a> before returning to service in late 2022.<div type="image" title="The old and new paint jobs on Trump's Boeing 757 private jet." height="1907" width="2500" msid="110972543" hostid="261"></div>Trump isn't alone in his preference for the <a target="_blank" href="https://www.businessinsider.com/abercrombie-and-kent-boeing-757-private-jet-world-tours-2023-7">VIP airliner</a>, and his 757 is far from the biggest or most over-the-top.The rapper <a target="_blank" href="https://www.businessinsider.com/drake-private-plane-photos-boeing-767-185-million-2019-5">Drake flies around in an even larger VIP airliner</a>, a 1996 Boeing 767-200 wide-body.The <a target="_blank" href="https://www.businessinsider.com/boeing-business-jet-747-8i-private-photos-interior-2020-3">Qatari</a> and <a target="_blank" href="https://www.businessinsider.com/saudi-arabia-prince-sent-private-boeing-747-jet-neymar-paris-2023-8">Saudi</a> royal families operate private Boeing 747 jumbo jets.As an airliner, <a target="_blank" href="https://www.businessinsider.com/boeing-757-airline-demand-la-compagnie-2016-5">the 757 was a true tweener in Boeing's lineup</a> — a twin-engine, narrow-body airliner that's bigger than your run-of-the-mill 737 but smaller than a wide-body like the 787 Dreamliner.<div type="image" title="Trump onboard his Boeing 757 private jet." height="1741" width="2500" msid="110972548" hostid="261"></div>In airline service, the 757-200 has the range and performance to easily brave the <a target="_blank" href="https://www.businessinsider.com/photos-of-business-class-airline-la-compagnie-2016-5">headwinds across the Atlantic on long-haul flights</a> from Paris to New York. As a narrow-body, it'll happily shuttle passengers on 45-minute flights to smaller airports that don't have the infrastructure to support a wide-body.But what stands out the most about the Boeing 757 is that it's the muscle car of the airline world.With power from a pair of massively powerful Rolls-Royce RB211 (or Pratt &amp; Whitney PW2000) turbofan engines, each producing upwards of 40,000 pounds of thrust, the Boeing 757 has developed a reputation among pilots as an aircraft with the grunt to take off from airports in hot weather or at high elevation that would sideline many of its more modern rivals.<div type="image" title="Trump's Boeing 757." height="1643" width="2500" msid="110972546" hostid="261"></div>But the power and versatility that helped it stand out from the crowd also doomed it. Even during its heyday in the 1980s and '90s it was ahead of its time and arguably much more airplane than most airlines needed.By the early 2000s, a smaller Boeing 737 or Airbus A321 could handle most of the 757's duties at a lower price.The availability of cheaper, more efficient alternatives, coupled with sky-high oil prices in the years following 9/11 and an airline industry on financial life support, meant the 757 was a nonstarter for carriers.After years without landing a new order for the plane, Boeing discontinued the 757 in 2004. In total, 1,050 Boeing 757s were produced over 22 years.The final 757 rolled out of Boeing's factory in Renton, Washington, in October 2004. The aircraft was delivered to Shanghai Airlines in April 2005 and now flies for Delta Air Lines as <a target="_blank" href="https://registry.faa.gov/AircraftInquiry/Search/NNumberResult?nNumberTxt=823DX">N823DX</a>.

Trump's Boeing 757 isn't the perfect private jet, but it's perfect for him

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<ul class="summary-list"><li>Qatar Airways plans to fly the Airbus A380 for at least two more years, its new CEO said.</li><li>The reason comes down to demand, operating congestion, and the <a target="_blank" href="https://www.businessinsider.com/qatar-new-qsuite-adding-first-class-to-boeing-777x-2024-3">delayed Boeing 777X</a>.</li></ul>The<a target="_blank" href="https://www.businessinsider.com/airbus-a380-superjumbo-history-boeing-747-emirates-2017-11"> Airbus A380</a> — a giant commercial airliner famous for its two levels and four engines — was once an engineering marvel. It can carry up to 853 people and is large enough to sport lavish amenities such as an on-board shower and a bar.But while the plane has been<a target="_blank" href="https://www.businessinsider.com/see-inside-ana-mammoth-airbus-a380-aircraft-all-nippon-airways-2023-4"> successful in strong hub-and-spoke networks</a> such as those Emirates, Singapore Airlines, and Qatar Airways use, it's become a common casualty during the pandemic as airlines shift to newer, more fuel-efficient wide-body planes, such as the Boeing 787 and the Airbus A350.Carriers, including Air France, Thai Airways, and Malaysia Airlines, have all ditched the A380 since 2020. Most of these aircraft end up scrapped or stored in "<a target="_blank" href="https://www.businessinsider.com/inside-one-of-the-worlds-largest-aircraft-boneyards-arizona-2023-5">aircraft graveyards</a>," or storage facilities where carriers put planes after retiring them, scattered across the world.Among the airlines that have kept the plane, Qatar, in particular, has gone back and forth on the future of its A380 fleet. In May 2021, the company's former CEO, Akbar Al Baker, told Simple Flying that he<a target="_blank" href="https://simpleflying.com/qatar-airways-a380-mistake/"> didn't see a future for the A380s</a>."It was good when it had launched in 2002," he said. "But unfortunately, with the rising fuel price and the mistake in the design. We think it was a big mistake."<div type="image" title="Qatar Airways A380 bar." height="2681" width="3705" msid="108683850" hostid="261"></div>Nevertheless, the company's new CEO, Badr Mohammed Al Meer, who was appointed in November, told CNBC on Friday that the plane is expected to fly for at least another two to three years."Qatar Airways was basically to exit the A380s very soon this year," he said. "However, for different reasons, we've decided to extend the operation of the A380s."Al Meer explained the decision, which comes down to demand, airport and airspace congestion, and the <a target="_blank" href="https://www.businessinsider.com/boeing-777x-testbed-test-plane-aircraft-new-see-inside-photos-2024-3">delayed Boeing 777X</a>.<h2>Qatar can fill its A380s thanks to strong demand</h2>The<a target="_blank" href="https://www.businessinsider.com/here-are-the-8-coolest-things-about-airbus-a380-from-singapore-airlines-2023-2"> A380 can carry many people</a>, but the mammoth jet can be hard to fill.And it's a fuel-hungry plane. Qantas Airways' former CEO, Alan Joyce, once said he could <a target="_blank" href="https://www.businessinsider.com/qantas-ceo-alan-joyce-on-the-dreamliner-versus-a380-c-series-safety-2017-10">operate two 236-seat Boeing 787 Dreamliners</a> for less than the cost of flying one 486-seat A380.But Qatar is seeing "very high demand" for certain A380 markets in Europe and Asia, <a target="_blank" href="https://www.businessinsider.com/qatar-airways-new-ceo-wants-culture-of-trust-and-empowerment-2023-11">Al Meer</a> said, adding that the jet has a load factor above 86%.That measure refers to how many seats an airline fills on its planes, with higher percentages indicating more revenue earned — offsetting the expensive operating costs."The only aircraft that can carry this number of passengers is the A380," Al Meer told CNBC. "Basically, it's given us what we are looking for."<div type="image" title="Qatar A380 first class." height="724" width="1086" msid="108683851" hostid="261"></div>He further explained that congestion issues in busy international airspace and on the ground at airports have forced the airline to fly its largest possible planes to carry the most people."The only way to make sure that you can carry enough number of passengers is to move from narrow-bodies to wide-bodies," Al Meer said. "And wide-bodies, nothing is bigger than the Airbus A380."He noted the congestion the ever-busy skies create would have made the A380 more viable in the future."If the A380 was planned to come out in the next five or 10 years, that would have been a more successful aircraft," he said. "This could have been the solution in the future to overcome the shortage or to overcome the congestion we see in infrastructure and airports around the world."<h2>The A380's replacement is years late</h2>Boeing's forthcoming 777X is the largest twin-engine plane in production, sporting <a target="_blank" href="https://www.businessinsider.com/why-the-new-boeing-777x-needs-folding-wingtips-2022-1">revolutionary folding wingtips</a> and a cabin big enough to fit more than 400 people.Boeing plans to build three variants: the 777-9, the smaller 777-8, and the <a target="_blank" href="https://www.businessinsider.com/see-boeings-new-777-8-freighter-built-tackle-cargo-demand-2022-2">777F cargo option</a>.<div type="image" title="Boeing 777X on display at the Wings Airshow in India." height="1386" width="1848" msid="108683852" hostid="261"></div>But the <a target="_blank" href="https://www.businessinsider.com/see-inside-boeing-777x-test-aircraft-biggest-twin-engine-airliner-2023-8">yet-to-be-certified</a> aircraft is years behind schedule due to factors related to production problems, the pandemic, and supply chains.Al Meer said those delays are part of why the A380s have survived in Qatar's fleet."We are still waiting for the deliveries," he said. "So, once we get those aircraft, we will have to accept the A380."Al Meer said Qatar expects to finally receive its first of 74 Boeing 777Xs by the end of next year."This is the confirmation we got from Boeing," he told CNBC. "We will wait and see."

Qatar Airways' new CEO explains why it's sticking with the Airbus A380 as other airlines retire the costly superjumbo 

<ul class="summary-list"><li>The WSJ reported Embraer is looking to build a new aircraft to compete with Boeing and Airbus.</li><li>The planemaker denied this, but added it "certainly has the capability."</li></ul>The Brazilian planemaker <a target="_blank" href="https://www.businessinsider.com/flew-on-embraer-e190-e2-next-generation-jet-its-underrated-2022-10">Embraer</a> has denied reports it wants to capitalize on Boeing's misfortune by working on a new aircraft.On Wednesday, <a target="_blank" href="https://www.wsj.com/business/airlines/boeing-partner-embraer-aircraft-manufacturing-edf3758a">The Wall Street Journal</a> reported that Embraer is exploring options for a new narrowbody plane to compete with the Airbus A320neo and <a target="_blank" href="https://www.businessinsider.com/boeing-737-max-safety-record-crashes-issues-2024-1">Boeing 737 Max</a>.Citing people familiar with the matter, the Journal said Embraer conducted internal assessments which found it has the ability to develop such an aircraft.The firm is known for making smaller jets like the four-abreast <a target="_blank" href="https://www.businessinsider.com/comparing-delta-and-jetblues-regional-aircraft-economy-review-2022-1">Embraer E175</a>, which is typically used by regional carriers like Republic Airways, operated on behalf of legacy airlines.Embraer's ambitions for a larger next-generation jet firmed after <a target="_blank" href="https://www.businessinsider.com/boeing-dave-calhoun-failed-to-turn-boeing-around-737-max-2024-3">Boeing's recent crisis</a> in the wake of the Alaska Airlines blowout, the Journal reported.But an Embraer spokesperson told <a target="_blank" href="https://www.reuters.com/markets/deals/embraer-mulls-options-new-narrowbody-jet-model-wsj-reports-2024-05-01/">Reuters</a> it doesn't have plans for a new cycle of spending."Embraer certainly has the capability to develop a new narrowbody aircraft. However, we have a young and very successful portfolio of products developed in recent years, and we are really focused on selling those products and making Embraer bigger and stronger," they added.The Brazilian firm has a market cap of around $5 billion, while <a target="_blank" href="https://www.businessinsider.com/airbus-struggling-outsider-beating-boeing-737-max-a320neo-2024-1">Boeing and Airbus are</a> over $100 billion companies.But as <a target="_blank" href="https://www.businessinsider.com/boeing-new-chairman-trying-to-win-back-airlines-trust-2024-4">Boeing loses some customers' trust</a> and suffers delivery delays amid the turmoil that saw its <a target="_blank" href="https://www.businessinsider.com/boeing-ceo-resigns-amid-alaska-airlines-backlash-2024-3">CEO resign</a>, there could be more room for minor players to disrupt the duopoly. Airbus' A320neo-family is so popular that it has a backlog of over 10,000 aircraft.<a target="_blank" href="https://www.businessinsider.com/boeing-brings-no-passenger-jets-to-singapore-airshow-2024-2">China</a> could also provide an alternative to the main two planemakers' narrowbody jets. The <a target="_blank" href="https://www.businessinsider.com/comac-c919-chinese-commercial-jet-built-rival-boeing-and-airbus-2022-2">Comac C919</a> entered service last year, and while it has only received orders from Asian airlines so far, Boeing's problems might make carriers consider it more closely.

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