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Qatar Airways forced by regulators to ground 13 aircraft

Published

5 years ago

August 6, 2021

13 aircraft within the Qatar Airways fleet have been grounded by authorities

Qatar Airways has been instructed by its regulator to ground 13 Airbus A350 planes due to a “faster than expected deterioration” of the fuselage surface below the paint on the jets.

The state-owned Gulf airline stated that it had been told to ground the planes until “the root cause can be established.”

The airliner says a satisfactory solution will need to be made available to permanently correct the underlying condition of the jets, and they will remain grounded until then.

Qatar Airways has been locked in a months-long public dispute with Airbus

The carrier is insisting it would not take any deliveries of the carbon-composite widebody jet until the problem was resolved.

“With this latest development, we sincerely expect that Airbus treats this matter with the proper attention that it requires,”
Qatar Airways Chief Executive Akbar Al Baker said in a statement announcing the regulator’s grounding of the jets.

“Qatar Airways expects Airbus to have established the root cause and permanently corrected the underlying condition to the satisfaction of Qatar Airways and our regulator before we take delivery of any further A350 aircraft.”

According to reports, an Airbus spokesperson has stated that the planemaker was always in talks with its customers but those discussions were confidential, declining to comment further.

Qatar Airways said in June it had grounded some of its A350 jets until the issue could be understood and fixed, without disclosing how many aircraft had been pulled from service.

Money

Australian Dollar surges: What $0.70 means for markets

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

Published

22 hours ago

February 18, 2026

Harvey Vargas

Australian dollar surges 5% to $0.70, impacting importers, exporters, and big miners amid rising interest rates.

The Australian dollar has jumped more than 5 percent against the U.S. dollar this year, now trading around $0.70. This rapid rise has sparked mixed reactions for importers and exporters as Australia’s materials sector shows signs of bouncing back, despite concerns over rising interest rates.

Dale Gilham from Wealth Within breaks down the factors behind the AUD surge, the implications for commodities, and what it means for big miners like BHP. From profits to strategy, we explore how the market is reacting to this currency shift.

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#AustralianDollar #AUD #Forex #Investing #Commodities #BHP #Mining #Markets

Money

S&P 500 rises as financial stocks lead and tech slips

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

Published

22 hours ago

February 18, 2026

Harvey Vargas

S&P 500 rises 0.4% thanks to financial stocks; software struggles amidst AI concerns. Subscribe for updates!

The S&P 500 climbed 0.4% on Tuesday, boosted by strong gains in financial stocks. Citigroup and JPMorgan led the rally, showing investors are rotating money into the sector as tech stocks faltered.

Meanwhile, software shares struggled, with ServiceNow, Autodesk, and Palo Alto Networks all seeing notable declines. Concerns around AI disruption continue to affect the software and financial sectors alike.

Market watchers are now turning their attention to upcoming inflation reports later this week, looking for signals that could shape the next moves in the market.

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Money

Australia’s GST debate heats up amid tax reform push

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Published

2 days ago

February 17, 2026

Harvey Vargas

Australia debates GST expansion amid aging population pressures and personal income tax concerns; expert insights from Dr. Steven Enticott.

Australia is facing a fierce debate over tax reform, with fresh calls to broaden the Goods and Services Tax as the government searches for more stable revenue streams. With an ageing population putting pressure on health, pensions and long-term spending, economists argue the current reliance on personal income tax may not be sustainable.

Dr Steven Enticott from CIA Tax joins Ticker to break down the real impact of expanding the GST, including how it could affect lower-income households, whether taxing unrealised gains would change investor behaviour, and what compensation mechanisms could soften the blow on essential goods. The political risks are high, but so are the fiscal stakes.

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