You are hereHome SectorsAlgeria
Boeing delivers 50th airplane to Air Algérie
Source: BI-ME , Author: Posted by BI-ME staff
Posted: Wed April 6, 2011 8:30 pm

ALGERIA. Boeing [NYSE: BA] reached a major milestone with long-time customer Air Algérie this week when it delivered the 50th Boeing jetliner – a Next-Generation 737-800 – to the North African carrier. The 737 was the fourth of seven ordered in 2009. 

This delivery also marked the 40-year partnership between Boeing and Air Algérie.

Since receiving its first Boeing airplane in March 1971, Air  Algérie has expanded to include 18 737s and three 767s. 
 
“Boeing airplanes have delivered exceptional value in our growth plan,” said Abdelwahid Bouabdellah, president director general and CEO of Air Algérie. “In addition to the long relationship we enjoy, selecting Boeing airplanes was a sound economic decision since it meant fleet standardization and ability to use experienced pilots and engineers already familiar with the airplanes.”
 
“Boeing truly values its long relationship with Air Algérie that has spanned 40 years,” said Marty Bentrott, vice president of Sales for Middle East, Russia and Central Asia.   “Keeping in mind its customers’ needs and a competitive environment, the airline has focused on modernization – from its fleet to its management tools, aircraft maintenance, training, information systems and in-flight services. We look forward to continuing this partnership and playing a role in Air Algérie’s expansion plans.”
 
The Next-Generation 737 is based on a key Boeing philosophy of delivering added value to airlines with reliability, simplicity and reduced operating and maintenance costs. Today's operators fly 737s that are 5% more fuel-efficient than the first Next-Generation 737s delivered in 1998, and another 2 percent improvement is on the way. Boeing's performance improvement package, now being certified, will boost customers' fuel efficiency a further 2% through aerodynamic and engine changes.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: April 17, 2014
KUWAIT. According to a newly released report by Kuwait Finance House Research, the global sukuk market saw a modest volume of US$31.14 billion in new sukuk issuances in 1Q2014. This volume represents a drop of 9.82% compared to US$34.53 billion worth of issuances in 1Q13.
date:Posted: April 16, 2014
INTERNATIONAL. The WGC pointed out that the Chinese bank savings amount to US$7.5 trillion but only about US$300 billionn is allocated to gold, signifying the potential for gold demand to grow as Chinese wealth climbs.
date:Posted: April 16, 2014
UAE. "A similar drop to 2013 is unlikely. Those who wanted to get out of gold did, and the rest of 2014 will probably be a year of sideways trading."
dhgate