Though a formal purchase agreement with Boeing is yet to be signed, SpiceJet's order size could be of 40-50 planes, a source familiar with the development said. At list price, a 737 Max aircraft is valued at about $100 million (Rs 620 crore).
India will require 1,740 planes over the next 20 years.
The order, with a cumulative value of $18 billion, is the single largest commercial airplane order in Boeing's history by dollar value.
The firm, which aims to double sourcing from India, is looking at partnerships with institutions such as the IITs
Boeing had announced a further six-month delay for the first flight and initial deliveries of its 787 Dreamliner programme to Air India. A high-level Boeing team will discuss the fallouts with IA, including compensation in the coming week. The revised delays will have a significant impact on IA's growth plan and financial aspect. Apart from compensation, Boeing will also have to factor in the impact of the delay on the carrier's growth plan when computing for the same.
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.
The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
Aviation watchdog Directorate General of Civil Aviation (DGCA) has asked Vistara to submit a daily report on flight cancellations and delays as the Tata group airline cancelled more than 50 flights for the second straight day on Tuesday amid non-availability of pilots.
The Boeing 787-8, which costs $185.2 million is a long-range, mid-size wide-body, twin-engine jet airliner.
Such a directive to 'temporarily cease operations' comes after the US Federal Aviation Authority conducted an investigation of an in-flight Boeing 787 battery incident in Japan on Wednesday, which posed a question on a potential battery fire risk in the 787.
The safety and security of citizens is primary for the government, he said.
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.
The carrier expects to restart Dreamliner operations for domestic flights by mid-May, Ajit Singh said.
The 2013 Boeing Pilot & Technician Outlook, a bellwether industry forecast of aviation personnel demand, calls for 192,300 new commercial airline pilots and 215,300 new technicians in the Asia Pacific region through 2032.
The Mahindra Group is an automotive, farm equipment, financial services, trade and logistics and information technology conglomerate.
Sindhu pulls out of Uber Cup
"Boeing will reduce the production program's work force by approximately 1,100 jobs through the end of 2012," the company said in a statement.
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.
Boeing has started building the first Next-Generation 737 at the increased rate of 42 airplanes per month.
Boeing is likely to vie for the deal to supply 110 fighter jets to the IAF in one of the biggest such procurement in recent years globally which could be worth over USD 15 billion.
BA parent could order around 20 Airbus A350-1000s.
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.
Boeing, the maker of the Malaysian Airlines aircraft that crashed in eastern Ukraine, on Thursday said it was ready to assist authorities.
The maiden flight, which is part of a comprehensive flight-test programme leading to its certification and delivery in mid-2014, was for over five hours with a Boeing spokesperson saying here that it was successful.
A child sitting near the window was reportedly pulled by the suction, and his shirt was torn off.
State-owned Hindustan Aeronautics Ltd would now be producing and assembling 'flaperons' of Boeing-777s which are used for take-offs, landings and manoeuvering of these sophisticated airplanes.
The facility will entail an investment of $100 million.
Jet Airways, however, has deferred the delivery of seven jets. "There have been no talks with Air India so far for cancellation or deferment for any aircraft. These are difficult times, but no discussions on the deferral is going on with Air India," Boeing India president Dinesh Keskar said.
The Boeing Company has named Lizum Mishra as corporate communications director of Boeing India with headquarters in New Delhi.
The entire issue of compensation, including the amount to be claimed and how, has been forwarded to the government for approval, sources said, adding that matter came up for a thorough discussion at the meeting of the Board, sources said.
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.
According to the data on city-based company's website, Boeing received 32 orders for 737s in August 2009 as compared to 36 orders for the planes in the same month a year ago. However, Boeing received just 161 orders for its new planes during January-August 2009, 71 per cent lower than orders booked in the first eight months of last year.
Interim Budget, the US Federal policy decision and quarterly earnings will be the major drivers for stock markets which may also see some consolidation this week, say analysts. Besides, investors would also focus on the trading activity of foreign investors and global trends for further cues. From the macroeconomic front, the PMI (Purchasing Managers' Index) data for the manufacturing sector is scheduled to be announced on Thursday.
Jet Airways on Tuesday said it will buy 10 aircraft from US-based aerospace major Boeing to expand its international operations.
Eyeing potential business opportunity, Boeing Corporation is planning to approach the proposed Tata-Singapore Airlines.
Panel of its and govt officials to scrutinise operational record and decide whether to proceed with inducting more Boeing 787s.
Commercial flights may also help Boeing's bottom line on a rare, fixed-price, government-backed development program.
India has got the money and workforce, but no Indian firm has so far decided to do it
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.
Air India had placed an order for 68 aircraft, including Boeing 737s, 777s and 787s, all valued at $11 billion in Dec 2005.
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