1 Airbus bags single biggest order worth $50bn (Russell Hotten on BBC) Airbus has struck its biggest single deal with an order for 430 aircraft worth $49.5bn at list prices from US investment firm Indigo Partners.
Indigo, whose interests include Europe’s Wizz Air, US-based Frontier, and Mexico’s Volaris, will buy Airbus’s A320neo family of aircraft. The order on the penultimate day of the Dubai Airshow comes after what could have been a difficult week for Airbus. On Sunday, Emirates appeared to snub Airbus over an A380 superjumbo deal.
Indigo’s managing partner, Bill Franke, 80, flew to Dubai for the signing ceremony, although there are still final details of the deal to be worked out. He said these should be completed by the end of the year.
The Indigo deal more than doubles Airbus’s existing order book for the year, which stood at about 290 aircraft as of the end of October. Wednesday’s deal beats a 2015 order for 250 single-aisle planes valued at $27bn by Indian budget carrier IndiGo. The two companies are unrelated.
Despite the headline list price of the Indigo order, airlines typically get discounts on bulk-buys. “Regretfully, Indigo will not be paying $49.5bn,” said Airbus sale chief John Leahy when asked about discounts.
Clinching the deal was seen as a personal triumph for Mr Leahy, who retires at the end of the year after 20 years at Airbus and who had said he hoped to clinch one more big order before going. He has sold more than 15,000 jets worth an estimated $1.7 trillion.
2 AI not to kill jobs yet (Gulf News) Contrary to global fears, few workers believe that Artificial Intelligence (AI) will take away their jobs, a new survey claimed.
The survey of more than 5,000 people from across the US, the UK and Australia by global professional services firm Genpact showed a striking gap in views about AI’s impact on their current roles versus the expected impact on the future workforce.
Only 10 per cent of people surveyed strongly agreed that AI threatens their jobs today. However, nearly everyone (90 per cent of respondents) believes younger generations need new skills to succeed as AI becomes more prevalent at the workplace.
“Artificial intelligence brings a seismic shift in the future of work — making some roles obsolete and enhancing others, while at the same time, creating new jobs, and even spawning new professions,” said Sanjay Srivastava, Chief Digital Officer, Genpact.
Forty per cent of all workers surveyed indicate they would be comfortable working with robots within the next three years. “The big question is how to effectively encourage and adopt human-machine collaboration,” said Srivastava. “And the key is in a top-down culture that embraces AI, learning, and training at all levels, within a comprehensive change management framework.”
3 What employers think of job hoppers (Kim Thompson in San Francisco Chronicle) The chances of changing jobs multiple times in your career is high in today’s marketplace, and according to the US Bureau of Labor Statistics, the average length of time spent with an employer is under five years.
Change is the norm, and the stigma of moving from one job to the next is understandable, but the way you go about explaining change makes a difference with hiring decision-makers. Job hopping can make an employer think you are a risk.
Job hopping can have a ring of disloyalty. It sounds unsettling as if your focus is more on yourself rather than the employer. For an employer to spend time and resources bringing you on board, the last thing they want is making a wrong hiring decision that will cost money.
Changing jobs with the goal of advancing your career can be a solid strategy, and in some cases, the only way you can grow is to switch employers. Working for a new employer can be a good choice if you are wanting to enhance your career for the right reasons, such as growth, exposure to training, an increased scope of responsibility, higher compensation or new location.
The one area overlooked by most job candidates when deciding to leave is the working relationship factor. Even though you worked for a company, you work with people. When you leave an employer, you are leaving the person who probably hired you. In the marketplace you never want to burn bridges, nor develop a reputation that sends an “I don’t care” message.
The issue with most employers regarding a frequent job history is the notion you will leave them as well; knowing this ahead of time can help you structure your answers during the interview as well as talking about your employment experience.