Qatar Airways in Talks with Boeing over Narrowbody
25 Abril 2016 - 12:20PM
Noticias Dow Jones
DUBAI—Qatar Airways Chief Executive Akbar Al Baker said Monday
that he has entered talks with Boeing Co. about a potential
narrowbody plane order, ratcheting up pressure on Airbus over
delays to its newest single-aisle jet.
Mr. Al Baker has previously threatened to walk away from his
deal for Airbus A320neo planes because of shortcomings with the
engine made by United Technologies Corp.'s Pratt & Whitney
unit.
"We are studying our options," Mr. Al Baker said on the
sidelines of the Arabian Travel Market conference in Dubai. The
talks with Boeing are the most concrete sign Qatar Airways may walk
away from at least part of its order for 34 A320neo and 16 A321neo
planes.
Qatar Airways was due to receive the first A320neo last year,
but stepped back from that role as launch operator because the
airline said the plane and engine weren't ready. Deutsche Lufthansa
AG became the launch operator of the plane when it received the
first model in January.
Problems with the plane go beyond the engine and include its
hydraulics, Mr. Al Baker said, without providing details. "We are a
very unhappy customer," Mr. Al Baker said.
An Airbus spokesman said the company expects teething issues,
which he described as "normal," to be resolved by midyear. Airbus
has delivered only five A320neo planes so far, with others built
but waiting for engines.
Mr. Al Baker said Boeing was trying to accommodate Qatar
Airways's need for planes.
Separately, Mr. Al Baker said that the airline's talks for a
stake in Italian carrier Meridiana had advanced, though weren't
final. "We will not sign anything unless we are absolutely certain
that our partnership with Meridiana will be a success," he
said.
Qatar Airways became the largest investor in British Airways
parent International Consolidated Airlines Group SA last year and
has said it is looking at other deals.
Those stakes could help underpin the Doha-based airline's rapid
growth, which has drawn criticism from some European and U.S.
rivals who allege state-owned Persian Gulf airlines, including
Qatar, Emirates Airline and Etihad Airways, are benefiting from
government subsidies.
All three airlines have denied the charge.
Meridiana in February announced an agreement with Qatar that
could lead to a stake sale by midyear, and said last week that
Chief Executive Richard Creagh was stepping down as part of the
pending stake sale.
Mr. Al Baker said talks with Meridiana still required employees
to agree to restructuring measures, including staff cuts. Qatar
Airways would take a 49% stake in the carrier and will decide by
June whether to proceed with the transaction. European Union rules
bar the foreign carrier from taking a larger stake.
"If we feel there is an impasse where we cannot get into a
partnership which will be a win-win for both sides Qatar Airways
will not take part in the acquisition of a share in Meridiana," he
said.
Qatar Airways also is eager to expand to the large Indian
market. The carrier was interested in a stake in India's budget
airline IndiGo, he said, but Indian regulations barred airlines
from participating in the IPO.
Mr. Al Baker said Monday that he remained interested in a stake
if the opportunity to buy into the Indian budget airline
re-emerged.
Qatar Airways also may take a stake in Royal Air Maroc, Mr. Al
Baker said, with backing from both carriers's governments. The
stake could be between 25% to 49%, he said.
He also said Qatar Airways would publish financial results for
the first time this June. The carrier's critics have attacked it
for a lack of transparency, as rival Emirates Airline reports its
financial statements. Qatar Airways made a $103 million net profit
in 2014, Mr. Al Baker said last year, though the airline didn't
publish audited figures.
Write to Nicolas Parasie at nicolas.parasie@wsj.com and Robert
Wall at robert.wall@wsj.com
(END) Dow Jones Newswires
April 25, 2016 13:05 ET (17:05 GMT)
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