{"id":613131,"date":"2024-01-09T00:00:00","date_gmt":"2024-01-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/09\/egyptair-avoids-boeing-737-max-fiasco\/"},"modified":"2024-01-09T00:00:00","modified_gmt":"2024-01-09T00:00:00","slug":"egyptair-avoids-boeing-737-max-fiasco","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/09\/egyptair-avoids-boeing-737-max-fiasco\/","title":{"rendered":"EgyptAir avoids Boeing 737 Max fiasco"},"content":{"rendered":"

Good morning, wonderful people. <\/strong>Sometimes, short is sweet and less is more \u2014 and with that in mind, we\u2019re happy to have a pretty slim issue for you today after a jam-packed issue yesterday. <\/p>\n

But before we jump into things, <\/strong>a bit of good news for anxious flyers in Egypt\u2026<\/p>\n

<\/a> PSA #1- Don\u2019t worry, EgyptAir does not fly the Boeing 737 Max, per our check of their active<\/strong>fleet<\/a><\/strong>.<\/strong> United Airlines said it found<\/a> loose bolts and other issues on its grounded 737 Max planes following safety checks after a piece of fuselage from a Boeing 737 Max 9 blew off during an Alaska Airlines flight last week. Boeing shares plunged 8% in trading yesterday as industry analysts warn that the airplane maker could face a widening crisis over its 737 Max model.<\/p>\n

<\/a> PSA #2- You have just <\/strong>six days<\/a><\/strong> until the World Economic Forum gets underway in <\/strong>Davos, spewing influencer nonsense all over your newsfeed. <\/strong>Reps of more than 100 governments, 1k paid corporate partners, along with other business leaders, entrepreneurs, and civil society types (does anyone use that word anymore? \u201cCivil society?\u201d) are set to attend. <\/p>\n

This year\u2019s theme is \u201crebuilding trust,\u201d <\/strong>organizers say, adding, \u201cThe programme embodies a \u2018back to basics\u2019 spirit of open and constructive dialogue between leaders of government, business and civil society.\u201d Job creation, AI (which \u2026 kind of stands in opposition to the former?), and \u201clong-term strategy for climate, nature and energy\u201d get plenty of attention on the teaser agenda<\/a>.<\/p>\n

\n

INFLATION WATCH- <\/p>\n

<\/a> Analysts polled by <\/strong>Reuters<\/a><\/strong> expect headline inflation to have eased <\/strong>for a third<\/strong> consecutive month in December<\/strong> on lower food prices, but with the all-important caveat that this downward trajectory could be reversed again in the following months on the back of the government\u2019s recent price hikes<\/a>. A median forecast of 14 analysts pegged annual urban consumer price inflation at 33.4% y-o-y in December, down from 34.6% in November<\/a>. <\/p>\n

December\u2019s inflation data is due tomorrow<\/strong>.<\/p>\n

\n

THE BIG STORY HERE AT HOME- <\/p>\n

<\/a> The Madbouly government begins auditing costs of caring for migrants:<\/strong>Ministers held a meeting yesterday to review the costs the government incurs to support the c. 9 mn refugees and migrants living in Egypt, a cabinet statement<\/a> said yesterday.<\/p>\n

** We\u2019ve got the reactions to the news in Last Night\u2019s Talk Shows, below.<\/strong><\/p>\n

\n

THE BIG STORY ABROAD- <\/p>\n

Blinken warns against pressuring Palestinians to leave Gaza: <\/strong>US Secretary of StateAnthony Blinken insisted that \u201cPalestinian civilians must be able to return home as soon as conditions allow. \u2026 They cannot, they must not be pressed to leave Gaza\u201d during his visit to the Qatari capital on Sunday.<\/p>\n

ICMYI- Blinken is on a regional tour and is set to land down in Cairo at some point this<\/strong> week: <\/strong>Blinken is in Israel today to continue his diplomatic push and has said that he will push the Netanyahu government \u201con the absolute imperative to do more to protect civilians and to do more to make sure that humanitarian assistance is getting into the hands of those who need it.\u201d Blinken is still scheduled<\/a> to the West Bank, and Egypt by the end of Thursday, so expect to see Blinken making an appearance either tomorrow or the day after. <\/p>\n

The story got ample coverage in the int\u2019l papers:<\/strong>Reuters<\/a> | BBC<\/a> | The Guardian<\/a> | CNN<\/a> <\/p>\n

\n

HAPPENING TODAY- <\/p>\n

The Senate is in session:<\/strong> Senators reconvene today to discuss a report detailing the relationship between state-funded technology schools and the needs of industry, with a recommendation that more institutions are established to make sure manufacturers have access to the skilled labor they need.<\/p>\n

\n

HAPPENING TOMORROW- <\/p>\n

PSA- Interested in Chicago Booth executive ed here in Egypt? <\/strong>Tap or click here<\/a> to register for a webinar on Wednesday at 7pm CLT to learn more about the Chicago Booth Executive Program<\/a> in El Gouna. You\u2019ve got until 11 February if you want to apply for the program, which is produced here by the University of Chicago and the Sawiris Foundation. Both private- and public-sector execs are welcome to apply.<\/p>\n

<\/a> <\/p>\n

\n

WATCH THIS SPACE- <\/p>\n

<\/a> #1- The government wants to launch a digital currency by 2030:<\/strong> The government is planningto launch a central bank digital currency (CBDC) by 2030, according to a report (pdf)<\/a> released by the cabinet\u2019s Information and Decision Support Center (IDSC). The government is also aiming to achieve 100% financial inclusion by 2030 \u2014 up from 67.3%<\/a> recorded in June \u2014 and increase the number of e-wallets 130% to 80 mn during the same period.<\/p>\n

#2- Cash-strapped Argentina looks to impress IMF via debt payment:<\/strong> In a bid to unlock a USD 3.3 bn International Monetary Fund (IMF) loan, Argentina is expected to make USD 1 bn in interest payments to foreign bondholders today, writes Bloomberg<\/a>.<\/p>\n

\n

MORNING DISTRACTIONS-<\/p>\n

#1- 2024 could be the year that passwords die<\/strong> as tech giants and startups alike push forward with passkeys \u2014 a technology that could make the need to remember or track dozens of passwords obsolete.<\/p>\n

What are passkeys? <\/strong>They replace passwords with \u201cauthentication mechanisms built into your own devices,\u201d the Verge writes. \u201cThat means you can use Face ID on your iPhone, Windows Hello on your PC, or the fingerprint sensor on your Android phone to authorize access to your websites, apps, and services.\u201d<\/p>\n

Why? <\/strong>They\u2019re more secure \u2014 only a hashed version is saved by developers and they\u2019re protection against phishing attacks: Your grandpa (or mom or dad or the guy in finance) can\u2019t be tricked into clicking a bogus link because \u201cthe browser or OS handles verification\u201d that the website is legit.<\/p>\n

How to get started: <\/strong>The Verge has a constantly updated storystream<\/a> that should be more than enough to get you started. Want to get a bit nerdier? Go to Smashing Magazine<\/a>.<\/p>\n

#2- Residents of Planet Startup shouldn\u2019t think that venture capital\u2019s annus horribilis is <\/strong>over. <\/strong>Early data from PitchBook \u201cindicates global VC investment in startups continued to slide in the fourth quarter of 2023,\u201d TechCrunch<\/a> writes.<\/p>\n

#3- Object of desire for type nerds: <\/strong>Shift Happens: A Book about Keyboards<\/a>. 1.3k photographs over 1.2k pages in a two-volume book about keyboards. Even if you don\u2019t want to order it (the shipping bill\u2026) the website is a ton of fun for the design-minded among us.<\/p>\n

<\/p>\n

*** It\u2019s Going Green day \u2014 your weekly briefing of all things green in Egypt:<\/strong> Enterprise\u2019s green economy vertical focuses each Tuesday on the business of renewable energy and sustainable practices in Egypt, everything from solar and wind energy through to water, waste management, sustainable building practices and how you can make your business greener, whatever the sector.<\/p>\n

In today\u2019s issue: <\/strong>We\u2019ve got a full rundown of our latest green targets through 2030 from a newly-published report from the Cabinet Information and Decision Support Center that has been the talk of the town of Egypt\u2019s business press.<\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, wonderful people. Sometimes, short is sweet and less is more \u2014 and with that in mind, we\u2019re happy to have a pretty slim issue for you today after a jam-packed issue yesterday. But before we jump into things, a bit of good news for anxious flyers in Egypt\u2026 PSA #1- Don\u2019t worry, EgyptAir […]<\/p>\n","protected":false},"author":1,"featured_media":613132,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7204],"tags":[528,880,72,74],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-613131","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-aviation","tag-egyptair","tag-enterpriseam","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"1355c617-75e6-4397-8ccb-059cc13ad314","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/1\/515.jpg","photo_position":"above","homepage_title":"","full_issue_title":"EgyptAir avoids Boeing 737 Max fiasco","related_issue":[613129],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.63906a86-e283-4a82-b705-7869d1df7f5a.mp3"},"yoast_head":"\nEgyptAir avoids Boeing 737 Max fiasco - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/09\/egyptair-avoids-boeing-737-max-fiasco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EgyptAir avoids Boeing 737 Max fiasco\" \/>\n<meta property=\"og:description\" content=\"Good morning, wonderful people. 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Dunn reportedly refused to disclose further details about the sale. Egypt had bought nine Boeing 737-800 for USD 864\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635434,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/04\/egyptair-to-receive-last-of-nine-boeing-airplanes\/","url_meta":{"origin":613131,"position":1},"title":"EgyptAir to receive last of nine Boeing airplanes","author":"enterpriseam admin","date":"4 December 2017","format":false,"excerpt":"EgyptAir will receive the ninth and final Boeing 737-800 Next-Generation aircraft under its USD 864 mn agreement with the company, Al Shorouk reports. The aircraft should be added to the fleet by week\u2019s end. EgyptAir and Boeing had signed the supply agreement in July last year, and Dubai Aerospace Enterprise\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":595938,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/08\/14\/egyptair-set-to-receive-sixth-and-final-boeing-dreamliner\/","url_meta":{"origin":613131,"position":2},"title":"EgyptAir set to receive sixth and final Boeing Dreamliner","author":"enterpriseam admin","date":"14 August 2019","format":false,"excerpt":"EgyptAir will receive the sixth and final Boeing 787-9 Dreamliner today as part of a USD 6 bn agreement signed in late 2017 to buy 45 new planes to upgrade its fleet, Al Shorouk reported. The agreement is believed to be the biggest ever made by the company.","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598234,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/19\/egyptair-to-receive-third-boeing-dreamliner-aircraft-next-month\/","url_meta":{"origin":613131,"position":3},"title":"EgyptAir to receive third Boeing Dreamliner aircraft next month","author":"enterpriseam admin","date":"19 May 2019","format":false,"excerpt":"EgyptAir will receive a third Boeing 787 Dreamliner next month as part of a USD 6 bn agreement signed in late 2017 to buy 45 new planes to upgrade its fleet, a source within the company told Ahram Online. The agreement, which involves buying six new Boeing 787-9 Dreamliners, is\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":598699,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/06\/02\/egyptair-to-offer-inflight-connectivity-on-boeing-787-900-dreamliner-aircraft\/","url_meta":{"origin":613131,"position":4},"title":"EgyptAir to offer inflight connectivity on Boeing 787-900 Dreamliner aircraft","author":"enterpriseam admin","date":"2 June 2019","format":false,"excerpt":"EgyptAir will begin providing in-flight connectivity on its Boeing 787-900 Dreamliner aircraft in cooperation with Panasonic Avionics\u2019s unit Aeromobile, the national air carrier said in a statement. The B787-900 fleet with in-flight mobile connectivity will serve destinations including Europe, America, and Asia during 2019. Meanwhile: If you\u2019re travelling to the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":564728,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/02\/23\/egyptair-grounds-four-boeing-777s-in-response-to-engine-failure\/","url_meta":{"origin":613131,"position":5},"title":"EgyptAir grounds four Boeing 777s in response to engine failure","author":"enterpriseam admin","date":"23 February 2021","format":false,"excerpt":"EgyptAir has grounded four Boeing 777-200 planes using the same engine as the one which broke apart after take-off from Denver on Saturday. Boeing on Sunday recommended that airlines ground 777 planes using the Pratt & Whitney 4000-112 engines while it investigates the cause of the incident, leading the Civil\u2026","rel":"","context":"In "SPEED ROUND: TRANSPORT"","block_context":{"text":"SPEED ROUND: TRANSPORT","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-transport\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/613131","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=613131"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/613131\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/613129"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/613132"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=613131"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=613131"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=613131"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=613131"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=613131"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}