By the Numbers

The OpenAI CEO is changing the tech game by developing sophisticated algorithms with huge computing and data sets. OpenAI’s innovations are AI image generator and speech recognition software.

HOLDING

The Saudi Prince announced his USD 1.9 billion investment in Twitter, during a recent Securities and Exchange Commission filing.

Mohamed

The Emaar founder will be making USD 4 billion from the Americana Group IPO. Americana, which operates restaurants in the MENA region, is working with Morgan Stanley on the IPO.

Boeing deliveries in July 2022 had fallen to a five-month low of 26 aeroplanes

Boeing’s delivery figures rise up again

Boeing jetliner deliveries rose in August 2022 to 35 aeroplanes as the US aviation giant resumed handovers of its 787 Dreamliner after a 15-month delay amid supply chain disruptions. Boeing’s monthly deliveries included 27 737 MAX jets, two 787s and five freighters, which raised the total MAX deliveries this year to 240 jets and overall aircraft deliveries to 277 through August.

Boeing deliveries in July 2022 had fallen to a five-month low of 26 aeroplanes, highlighting the pressure on global supply chains due to the COVID outbreak and Ukraine war. In September, Boeing also reported 30 new gross orders for aeroplanes, including 13 737 MAX planes and reported 26 net new orders as four 737 MAXs were unbooked including two for Chinese-based Okay Airways, as per a Reuters report.

Boeing in August 2022 delivered its first 787s since May 2021, a 787-9 to German flag carrier Lufthansa and another 787-10 wide-bodied aircraft to KLM, part of Air FranceKLM. However, two 787s for American Airlines that were "contractually delivered" in August this year were not yet booked as delivered because Boeing is still performing some pre-scheduled post-delivery customization. Boeing's gross orders net of cancellations rose to 338 for the year 2022.

In July, the Federal Aviation Administration (FAA) approved Boeing's inspection and retrofit plan needed to meet certification standards. In September 2020, the FAA said it was investigating manufacturing flaws in 787 airliners. Boeing has about 120 787s awaiting delivery. The FAA will, however, inspect each aircraft before the issuance of an airworthiness certificate. The aviation watchdog delegates aeroplane ticketing authority to the manufacturer, but in instances like the 737 MAX, it has retained responsibility for approving the new jets. American Airlines has around 40 additional 787s on order. Two of the new 737 MAX orders in August were for American, Boeing said. In January 2022, Boeing disclosed a $3.5 billion charge due to 787 delivery delays and customer concessions, and another $1 billion in abnormal production costs stemming from manufacturing flaws, along with related repairs and inspections.