US aircraft maker Boeing Corp on Monday revised upwards the potential business for aircraft in India to $35 billion in the next 20 years citing the high growth in passenger traffic, entry of private carriers and allowing them to fly on overseas route
Boeing also won a $4.5-billion contract for 10 C-17 Globemaster III transport aircraft, and will soon start delivery of $3 billion contracts to supply 22 AH-64E Apache attack helicopters and 15 CH-47F Chinook heavy lift helicopters., reports Ajai Shukla.
Whether it's navigating the labyrinthine Cu Chi Tunnels, boating on the Mekong, marveling at ancient Champa temples, or the Mekong Bay, Vietnam promises a journey like no other.
Aviation regulator Directorate General of Civil Aviation (DGCA) has sought a report from Air India on reports that an aircraft that was to operate a scheduled flight has been deployed for flying out the Indian cricket team from Barbados, according to officials.
Air India's entire European operations are carried out with Boeing Dreamliner planes.
Flag-bearers PV Sindhu and Sharath Kamal will lead the 78-strong Indian contingent, representing 12 disciplines, on a historic journey down the Seine River.
Jet Airways, which is preparing to relaunch operations next year, on Friday said it is in "advanced discussions" with Boeing and Airbus for buying and leasing planes. The grounded airline has been acquired by Murarilal Jalan-Kalrock Capital consortium under the insolvency resolution process. The ongoing discussions are part of the grounded airline's revival plan approved by the Mumbai bench of the National Company Law Tribunal (NCLT), the airline said in a regulatory filing on Friday.
'If you compare the data from 2017 and 2023 of the US imports from the world and China, you will see that the US was a complete loser in the trade war, and China was a complete gainer.'
About 350 Boeing 737 Max 8 are currently in service with airlines around the world, with thousands more on order. Boeing insists it has no reason to pull the popular aircraft from the skies.
India has taken delivery of a Boeing Business Jet for VVIP movement from US-based Boeing Co, for which this happened to be the 100th such aircraft supplied to customers worldwide.
US defence giant Boeing warned of a price hike in USD 2.5 billion deal if India does not finalise the contract soon.
To begin with, the consulate in Bengaluru will not offer visa services.
Air India shelves plan to acquire Boeing 787-9 aircraft.
A Boeing team of experts would be flying to India to assess the situation arising out of a series of faults in Air India's Dreamliner aircraft, even as the airline insisted that the aircraft is safe.
Defence major Boeing on Monday proposed greater business engagement with India, as Prime Minister Narendra Modi promised the US companies to provide friendlier business environment in the country.
Boeing Company on Monday said the Indian civil aviation sector would require 856 new commercial jet airplanes worth over $72 billion over the next 20 years.
The Indian Navy has decided that the twin-seat Rafale will not be disqualified on the basis of its inability to operate from an aircraft carrier.
The airline will induct four more Dreamliners next year to complete order of 27 of these aircraft
Boeing has projected a USD 4.5 trillion market for 34,000 new airplanes over the next 20 years as the current world fleet doubles in size, with robust growth in China, India and other emerging markets.
India has got the money and workforce, but no Indian firm has so far decided to do it
The Indian badminton team returned empty-handed from the Olympics for the first time in over a decade.
'Indian aviation is having a lesser number of aircraft.' 'Besides the Boeing 737 MAX, you have the A320Neos which Indigo is currently grappling with because of a lack of pilots.' 'This has led to cancellation (of flights) and therefore the prices of air tickets are on the higher side this season although generally in March ticket prices are on the lower side.'
About 350 Boeing 737 Max 8 are currently in service with airlines around the world, with thousands more on order. Boeing insists it has no reason to pull the popular aircraft from the skies.
Air India had placed an order for 68 aircraft, including Boeing 737s, 777s and 787s, all valued at $11 billion in Dec 2005.
Close on the heels of Boeing's defence of India to the US International Trade Commission's investigation into India's trade, investment and industrial policies, IBM has also sprung to New Delhi's defence in an otherwise sea of criticism of India's violations of intellectual property rights, local content requirements, among other issues of concern to US business and industry.
Aircraft manufacturer Boeing is reducing its forecast of the Indian market by half beyond 2012 as a result of the slowdown in the aviation sector.
Air India would start inspecting its six Boeing 787 Dreamliners from Tuesday.
Rakesh Jhunjhunwala-backed new airline Akasa is in talks with US aerospace company Boeing for buying up to 100 737 Max aircraft. Former Jet Airways CEO Vinay Dube and his family members are promoters while ex-IndiGo president Aditya Ghosh is a board member of the airline. The airline is in negotiation with Boeing and has reached out to the government to recertify the aircraft which has been grounded since 2018 after two crashes killing 349 persons, according to sources in the know.
US transportation authorities are launching a review of the Dreamliner, a source familiar with the matter told Reuters on Thursday.
Air India on Friday said it has completed the acquisition of its first A350-900 aircraft by way of a finance lease transaction with HSBC through the GIFT City. This is also the first wide body aircraft to be leased through the GIFT City, the country's first International Financial Services Centre (IFSC). In a release, the airline said the transaction was facilitated by its wholly-owned subsidiary AI Fleet Services Ltd (AIFS) and is also the first financing transaction from the orders for 470 aircraft that were made earlier this year.
Boeing said it expected the Indian market to generate demand for 676 single-aisle and 120 twin-aisle airplanes.
'The funds were arranged from multiple banks at a very competitive rate and converted into dollars at the best rates.'
Panel of its and govt officials to scrutinise operational record and decide whether to proceed with inducting more Boeing 787s.
This is an increase from a Boeing forecast last year of 1,450 new airplanes worth $175 billion.
'The kind of things they were writing, 'Oh, what is this, she's overacting at her wedding.' 'Why is she not covering her head?' 'The kind of liberty people take to comment on what I should be doing in my personal life is not something I'm okay with.'
The US Fed interest rate decision, ongoing quarterly earnings, macroeconomic data and FII trading activity are the major triggers that will drive stock markets this week, analysts said. Investors would also track global market trends and the movement in global oil prices for further cues. "This week, the focus will shift to global cues, particularly the US markets," Santosh Meena, Head of Research, Swastika Investmart Ltd said.
'Boeing has returned some cash to the airline which will help it improve the current liquidity crisis.'
Last October, the national carrier sold five planes of the same type to Etihad Airways for about $350 million.
The November 5 US presidential elections, Federal Reserve interest rate decision, trading activity of foreign investors, and the upcoming quarterly earnings from domestic firms are the major triggers that would influence sentiments in the equity market this week, analysts said. In an eventful week ahead, a host of macroeconomic data announcements and global trends would also drive the markets, experts said. "The upcoming week is poised to be eventful on the global front.
