UK: At least 224 Boeing 737 MAX 8s owned or ordered by Irish firms

UK: At least 224 Boeing 737 MAX 8s owned or ordered by Irish firms

Ireland’s main aircraft lessors have had at least 224 Boeing 737 MAX 8 aircraft delivered or are on order, figures compiled by The Irish Times show.

The relatively new aircraft type has recorded two fatal crashes since its entry into service, including that of Ethiopian Airlines flight 302 and Lion Air flight 610.

Dublin-headquartered SMBC Aviation Capital appears to be the biggest owner of MAX 8s that operates out of the Republic, with five owned, three managed and about 110 committed. The company recently delivered one to Icelandair, and in December signed a deal with US budget carrier Southwest for 12 MAX 8s in a sale and leaseback agreement. Continue reading UK: At least 224 Boeing 737 MAX 8s owned or ordered by Irish firms

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Editorial: ‘Time has come for the UK and EU to signal a Brexit delay’

Editorial: ‘Time has come for the UK and EU to signal a Brexit delay’

Men and women in business face many risks and hazards. Those who persist never lack the courage to tackle the big challenges. Often they can cope with adversity but sometimes they cannot avoid succumbing.

The one thing business people rightly abhor, and struggle most to cope with, is total uncertainty. And the current state of non-play on Brexit brings us vastly more of this total uncertainty. The situation, with 46 days left to B-Day on March 29, leaves us all with few clues at all about what is happening and where this will land.

Business people on the islands of Ireland and Britain, and beyond on mainland Europe, cannot even guess what is happening next with little more than six weeks left. This is a flagrant abuse of enterprising people and their beleaguered employees and can no longer be tolerated. Continue reading Editorial: ‘Time has come for the UK and EU to signal a Brexit delay’

Brexit in chaos as Theresa May announces Plan B – minutes AFTER Tories reject it

Brexit in chaos as Theresa May announces Plan B – minutes AFTER Tories reject it

Theresa May’s Brexit plans are in chaos again after she finally announced a Plan B – minutes AFTER a whole load of her MPs rejected it.

The Prime Minister threw her weight behind an amendment by top Tory Sir Graham Brady to remove the hated ‘Irish backstop’ in her Brexit deal.

Sir Graham’s plan would have finally given Mrs May’s deal a chance to pass if she replaced the backstop – which traps the UK under EU rules – with “alternative arrangements”.

Yet in farcical scenes, Mrs May asked MPs to back the plan just minutes after leading Tory Jacob Rees-Mogg said he was not backing it.

Mr Rees-Mogg leads the powerful European Research Group of Brexiteers – and that means the Brady amendment looks doomed to failure. Continue reading Brexit in chaos as Theresa May announces Plan B – minutes AFTER Tories reject it

Theresa May’s Brexit ‘plan B’ rejected by Europe

Theresa May’s Brexit ‘plan B’ rejected by Europe

Theresa May’s Plan B was bluntly ruled out by European leaders today just hours before she stood up to announce it to MPs.

Dublin delivered a firm “No” to Downing Street’s latest bid to go back to Brussels and ask for concessions on the backstop.

And the vice-president of the European Parliament also flatly rejected two other ideas being hastily floated as ways of defusing the Brexit deal: one being to remove the backstop from the EU agreement and replace it with an Anglo-Irish treaty; the other being to rewrite the Good Friday agreement that underpins the peace process.

The triple-No to Mrs May followed a weekend of political confusion as ministers argued over how best to break the deadlock in Parliament and backbenchers plotted openly to seize the reins. Continue reading Theresa May’s Brexit ‘plan B’ rejected by Europe