{"id":78810,"date":"2024-05-27T00:00:00","date_gmt":"2024-05-27T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/05\/27\/news-from-somaliland-boeing-and-south-africa\/"},"modified":"2024-05-27T00:00:00","modified_gmt":"2024-05-27T00:00:00","slug":"news-from-somaliland-boeing-and-south-africa","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/05\/27\/news-from-somaliland-boeing-and-south-africa\/","title":{"rendered":"News from Somaliland, Boeing, and South Africa"},"content":{"rendered":"

Somaliland\u2019s agreement to lease coastal territory at the tip of the Red Sea to <\/strong>Ethiopia<\/strong> will help \u201csecure freedom of navigation\u201d<\/strong>for international shipping,<\/strong>The Financial Times<\/a> reports, citing statements by Somaliland President Muse Bihi Abdi. The January agreement<\/a> allows Ethiopia to establish a military base and host commercial ships on the territory in exchange for its recognition of Somaliland, ending its reliance on Djibouti for maritime access. Ethiopian military assets on the strip will also help deter Houthi-led attacks against shipping in the Red Sea, Bihi Abdi said. <\/p>\n

Somalia isn\u2019t happy: <\/strong>Somalia has opposed the agreement, with Somalia\u2019s president indicating that \u201cnot an inch\u201d of its land will be taken away due to the accord. The US, EU, Arab League, and Egypt have also expressed reservations about the arrangement, the FT added.<\/p>\n

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Boeing\u2019s delivery delays are not likely to improve in Q2<\/strong> with expectations rising for<\/strong> cashflow burn as it struggles to combat <\/strong>production challenges<\/a><\/strong>, CNBC<\/a> reports, citing comments made by CFO Brian West. The firm spent almost USD 4 bn in cashflow in Q1, with Q2 forecasted to be similar or \u201cpossibly a little worse,\u201d according to West. Boeing\u2019s plane deliveries dropped to its lowest level since the pandemic in Q1, Bloomberg<\/a> said. The manufacturer is looking to \u201cstabilize [their] production system, improve quality, and get more predictable,\u201d West said. This comes ahead of the company\u2019s meeting with the US Federal Aviation Administration (FAA) this Thursday, where it will present its plan to boost quality control.<\/p>\n

More woes for Boeing:<\/strong> Boeing could face criminal prosecution<\/a> in the US due to breaching a 2021 agreement protecting the company from criminal charges over two fatal 737 Max plane crashes in 2018 and 2019 that resulted in 346 fatalities.<\/p>\n

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South <\/strong>Africa is<\/strong> considering filing a formal complaint with the World Trade Organization (WTO) over the European Union's \u201cprotectionist\u201d carbon border tax<\/strong>, Reuters<\/a> quoted South African Trade Minister Ebrahim Patel as saying last week. The EU\u2019s proposed carbon adjustment mechanism (CBAM) will impose charges on imports of carbon-intensive goods such as steel, cement, aluminum, fertilizers, electricity, and hydrogen starting 2026. South Africa feels the CBAM would penalize developing nations struggling to raise large investments needed to reduce their CO2 emissions, Patel told the outlet. \u201cInstead of recognising differential levels of development, it imposes a one-size fits on all firms across the world,\u201d Patel said, though he added that South Africa is willing to \u201creach agreement through engagement and negotiation and our door remains open to find a settlement with the European Union on this matter.\u201d <\/p>\n","protected":false},"excerpt":{"rendered":"

Boeing\u2019s deliveries are at their lowest since the pandemic<\/p>\n","protected":false},"author":1,"featured_media":78811,"comment_status":"","ping_status":"open","sticky":false,"template":"","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":[149],"tags":[148,145,146],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-78810","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-around-the-world","tag-around-the-world","tag-aviation","tag-boeing","wpautop","entry"],"acf":{"mongo_id":"490b219a-8480-4622-ac26-7c77de71b4f2","order":"12","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/5\/2140.jpg","photo_position":"above","homepage_title":"","full_issue_title":"News from Somaliland, Boeing, and South Africa","related_issue":[78789],"teaser":"Boeing\u2019s deliveries are at their lowest since the pandemic","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.48f9bc22-fd5a-4a03-a030-26d85a1e3e16.mp3"},"yoast_head":"\nNews from Somaliland, Boeing, and South Africa - 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