India's flagship carrier Air India on Wednesday signed a landmark agreement with the American aerospace giant Boeing Commercial Airplane for the purchase of 68 aircraft at an estimated cost of Rs 35,000 crore.
Boeing admitted on Wednesday that it would have to redesign parts of its troubled 787 Dreamliner, raising the prospect of a third delay to delivery of the new aircraft would be delayed for the third time in recent months. The company's comments came in response to a warning from Steven Udvar-Hazy, chairman of International Lease Finance Corporation (ILFC), the 787's biggest customer.
The 747-8 Intercontinental's first flight marks the beginning of a flight test program that will finish in the fourth quarter.
Boeing is likely to form a JV with the Tatas to make defence related aerospace parts.
This is an increase from a Boeing forecast last year of 1,450 new airplanes worth $175 billion.
The airline plans to deploy A380 to Mumbai instead.
Tata Group-owned Air India has placed an order for 840 planes with Airbus and Boeing, including the option to acquire 370 aircraft, with a senior airline official on Thursday saying the order is a "landmark moment" in the Indian aviation history. The announcement by Air India's Chief Commercial and Transformation Officer Nipun Aggarwal comes a day after the airline said it has placed a firm order for 470 aircraft -- 250 from Airbus and 220 from Boeing. In a LinkedIn post, Aggarwal said the airline is humbled by the excitement generated across the world by the airline's aircraft order.
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.
Last year, Boeing upgraded the cabin of its Boeing 737 with new features such as LED lighting, bigger overhead bins and new ceiling panels.
Last October, the national carrier sold five planes of the same type to Etihad Airways for about $350 million.
Complete with wings, and landing gear resting on pillars, it is where Campbell spends six months of the year.
Boeing sticks with lithium-ion battery despite issues.
Air India would start inspecting its six Boeing 787 Dreamliners from Tuesday.
All the 50 Dreamliners delivered by Boeing to airlines across the world, including six of Air India, have been grounded following two incidents of fire and smoke in the lithium ion batteries.
Indian budget airline SpiceJet has agreed to buy around 40 Boeing 737 passenger jets worth over $4 billion at list prices as it seeks to modernize its fleet and climb out of the red, industry sources said on Tuesday.
Air India will require more than 6,500 pilots to operate 470 aircraft that are to be supplied by Airbus and Boeing in the coming years, according to industry sources. Seeking to expand fleet as well as operations, the airline has placed orders for acquiring a total of 840 aircraft that includes an option to buy 370 planes. This is one of the largest aircraft order by any airline. Currently, Air India has around 1,600 pilots to operate its 113 aircraft fleet and in recent times, there have been instances of ultra-long haul flights getting cancelled or delayed due to shortage of crew.
As Boeing rolled out its new B-787 'Dreamliner', Air India has said it had chosen the aircraft as its workhorse keeping in mind concerns of economics and environment while the US aircraft major promised to buy goods and services from Indian cos.
The US Federal Aviation Authority (FAA) has allowed Boeing to carry out flight tests of its 787 Dreamliner in order to help it check its troubled electrical system and batteries which is suspected to be the root cause of battery fire in one of its planes last month.
In a bid to increase its focus on the country, the company has set up an Indian subsidiary.
United States' major aircraft manufacturer Boeing Company secured a record 1,044 net commercial airplane orders last year, the company said.
US auto giant Ford Motor Company has appointed Alan Mulally as president and chief executive offer.
US aircraft manufacturer Boeing has asked Air India to avoid flying its Dreamliner planes near thunderstorms as it enhanced the risk of icing on engines and the airline has changed its operating procedures accordingly.
Boeing said it expected the Indian market to generate demand for 676 single-aisle and 120 twin-aisle airplanes.
Boeing on Tuesday said it would finalise by June the location for its $100 million maintenance, repair and overhaul facility in India.
Airbus on Tuesday said it will deliver the first A350 aircraft to Air India by the end of this year and that the deal with the airline also marks the European aviation major's "emphatic return" to the wide-body segment in India, which is the fastest growing aviation market. As it looks to expand the fleet as well as operations, Tata Group-owned Air India on Tuesday announced that it will buy 250 planes from Airbus -- 210 from the A320 neo family and 40 A350. Remi Maillard, president and managing director of Airbus India and South Asia, said the company was very proud that the Tata Group has chosen A350 and A320 planes for Air India, adding that the magnitude of the order shows the appetite for growth in the Indian aviation industry, which is the fastest growing aviation market.
The Tata group-owned Air India will induct over 90 aircraft in two years as it looks to widen its footprint and grab a larger market share. The plan includes 56 planes from the mega aircraft order that the airline has now finalised with Airbus and Boeing. These will be in addition to previously announced leases of 36 planes that include Airbus A320Neo, A321Neo, and Boeing 777 aircraft.
The maiden flight carried more than 5,000 Boeing employees, customers and suppliers and was the first of over 1,600 hours of the test programme for this member of the freighter family, the company said.
This is Boeing's third advanced research centre outside the US, the others being in Europe and Australia. This centre would carry out continued collaboration with Indian R&D organisations, including government agencies and private sector R&D providers, universities and other companies, Boeing officials said.
The company officials informed that a static test of the fuselage was over and an analysis of the results could be finished by the end of December.
SpiceJet apologised for the inconvenience caused to the passenger and will also provide a full refund. As the passenger kept waiting in the lavatory, a cabin crew slipped in a note asking the passenger not to panic and that despite trying their best, the door could not be opened.
US transportation authorities are launching a review of the Dreamliner, a source familiar with the matter told Reuters on Thursday.
According to News 24, Airbus sales chief John Leahy said that Dreamliner is going to cost a lot in maintenance alone as its architecture is not mature and will require a lot of time, money and redesigning of quite a few systems onboard.
The number of Indian passengers has jumped more than 20 per cent in the past year
The United States government has approved a licence authorising Boeing Co. to enter into talks with India's premier space agency for jointly developing and marketing communication satellites, an official said Tuesday.
Three months after Boeing Co's former CEO was forced to resign, the aerospace company is expected to name 3M Co. CEO W. James McNerney Jr. on Thursday as its new chief executive, according to a published report.
While the government is working on final contours for a strategic divestment of its stake in loss-making Air India, the airline is ready with plans to fly to more overseas destinations.
Satwiksairaj Rankireddy and Chirag Shetty enjoyed another memorable 'Evening in Paris', lifting the French Open badminton crown for the second time with a dominating straight-game victory over Chinese Taipei's Lee Jhe-Huei and Yang Po-Hsuan in the men's doubles final in Paris on Sunday.
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