Hi tmilovan,
your B&W Zeppelin Air is not selected as output device.
Please go to MENU->MPD and select it as your "Audio output interface".
Next thing is that you have enabled the "iqaudio-dac" in /boot/config.txt, but this hardware is not available.
I also can see from your log that you are not using wifi, so please do this:
systemctl disable netctl-auto@wlan0
you will get much shorter boot time.
If you like you can also try the latest version of RuneAudio for RP2/RP3 (see download page).
Frank