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Boeing bullish on India despite crisis
February 11, 2009 10:16 IST
"We have zero cancellation from India. We have been working carefully. We sold $25 billion worth of aircraft in the last three years. Hundred more are to be delivered in the next five years which is valued at $17 billion", Dinesh Keskar, the newly appointed president of Boeing India, who takes over his new responsibilities from March 1 said.
Boeing's major buyers in India, Air India, Spice Jet and Jet Airlines have not made any cancellation, Keskar said. "I don't expect any cancellation. We are gearing up to deliver a big order for 68 aircraft by Air India".
Striking an optimistic note about the Indian economy recovering in the fourth quarter of this year, as it has maintained a 'good GDP growth' of about seven per cent, Keskar also hoped that Indian aviation sector, "which is not making profit" currently, should see a turnaround following dropping fuel prices from $140 per barrel to around $40.
"India is on a much better footing. Because of this its recovery should also be faster unlike in USA. India should see an upturn in the fourth quarter of this year", he said.
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