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Home WORLD BUSINESS & ECONOMY

Boeing to flight-test new technologies on its latest Boeing 777 plane during the ecoDemonstrator programme

by Admin
July 3, 2019
in WORLD BUSINESS & ECONOMY
By Kenneth Afor
After a devastating crash that occurred last March in Kenya which claimed 149 passengers on board a Boeing 737 Max plane, the plane maker is putting finishing touches on one of its new planes, Boeing 777, with state of the art technologies.
Mike Sinnet, the company’s vice president of product strategy and future airplane development said, “This is the latest addition to our ecoDemonstrator programme, where we look at how crew and passengers can have a better experience and how technologies can make flying safer, more efficient and more enjoyable”.
These innovations from Boeing on its planes are coming after a myriad of criticisms on the plane maker and legal cases for it to step up and improve its operational services on its different ranges of planes.
Immediately after the crash in March, countries like the United States of America, Nigeria and others suspended most airliners from flying a Boeing 737 Max planes within its airspace pending an assurance of safety on the planes before resuming operations.
“Using the 777 flying test bed lets us learn faster and quicker and with greater fidelity in defending their value,” Sinnet said.
Among the technologies that will be tested during its ecoDemonstrator programme will be the sharing of digital information between air traffic control, the optimization of route efficiency and safety between the flight deck and an airline’s operations centre.
In addition, the cameras to provide more passengers with a view outside the airplane.
Boeing has tested 112 technological innovations on five of its planes; the 737-800, 787-8 Dreamliner, 757, Embraer E17 and 777 Freighter from 2012 to 2018 and one-third of these innovations have been implemented.
The flight-test will commence on the fall of this year with a trip to Frankfurt airport in Germany.
The planes will fly on sustainable aviation fuel to reduce carbon dioxide emissions to demonstrate the fuel’s viability.
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Onafriq, a pan-African payments company, is set to discontinue its Baxi agent banking business in Nigeria after five years, citing naira depreciation, rising operating costs and intensifying competition that have weakened the segment’s profitability. The planned shutdown will affect the agent banking operations conducted through Baxi under Onafriq Nigeria Payments Limited. However, the decision does not signal the company’s withdrawal from Nigeria, as it intends to retain its cross-border payments network and card issuing services in the country. In a statement, Onafriq said changes in Nigeria’s operating environment since 2024 had significantly altered the economics of its offline agent banking business, making the existing model unsustainable. The move marks a strategic shift for the company, which entered Nigeria’s agent banking market to expand access to financial services through a network of agents providing transaction services outside traditional bank branches. Onafriq attributed the decision to a combination of macroeconomic pressures and structural changes in the country’s payments industry. According to the company, naira depreciation and inflation have affected transaction volumes, increased operating expenses and undermined the sustainability of its agent banking operations. The growing adoption of instant account-to-account transfers has also changed the mix of transactions handled by agents, while heightened competition among payment service providers has put further pressure on margins. These developments have made it increasingly difficult for the business to remain viable under its existing operating structure, prompting the company to reassess its long-term strategy. Dare Okoudjou, founder and chief executive officer of Onafriq, said the decision to close the business was difficult, particularly given the efforts of employees, agents and business partners who helped build the Baxi network. “We entered Nigeria with conviction and commitment, but did not achieve the outcome we set out for. Closing this business was a difficult decision to arrive at, one that affects colleagues, agents, and business partners across Nigeria who poured their hearts and soul into building out the Baxi network,” Okoudjou said. Despite the closure, he reaffirmed the company’s commitment to the Nigerian market, noting that the group would continue to serve customers through its payments network and card issuing operations. Onafriq entered Nigeria’s agent banking market in 2021 through the acquisition of Baxi, also known as Capricorn Digital Limited. The company said it continued investing in the business through 2023, with efforts focused on expanding and strengthening its agent network. However, a subsequent review of the business’s long-term prospects and financial sustainability led to the decision to wind down the operation. As part of the transition, Onafriq said agents onboarded through the Baxi platform had been moved to another principal bank, a step intended to facilitate continuity for the affected agents. The company has also directed agents to transfer their funds to their preferred principal bank within 30 days, adding that its teams would provide support throughout the transition process. Employees whose roles are linked to the agent banking business will also be consulted and supported during the wind-down, with Onafriq pledging to treat affected workers fairly.

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