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.
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This is an increase from a Boeing forecast last year of 1,450 new airplanes worth $175 billion.
The ongoing fourth quarter earnings season, global factors and macroeconomic data would guide the trends in the equity markets this week, analysts said. Markets would also take cues from trading activity of foreign investors, rupee-dollar trend and movement of global oil benchmark Brent crude. "Domestically, the next batch of Q4 earnings reports will drive stock-specific movements, Hero MotoCorp, Larsen & Toubro, BPCL, State Bank of India, Eicher Motors and Tata Motors are some of the big names in the list and the next phase of voting," said Pravesh Gour, senior technical analyst, Swastika Investmart Ltd.
Last year, Boeing upgraded the cabin of its Boeing 737 with new features such as LED lighting, bigger overhead bins and new ceiling panels.
The airline plans to deploy A380 to Mumbai instead.
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.
Boeing sticks with lithium-ion battery despite issues.
Air India would start inspecting its six Boeing 787 Dreamliners from Tuesday.
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.
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 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.
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.
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.
The Indian badminton team returned empty-handed from the Olympics for the first time in over a decade.
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.
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.
Facing disruptions due to non-availability of crew, Vistara on Sunday announced reducing 10 per cent of its capacity or 25-30 flights daily and most of the cancellations are in the domestic network as the Tata Group airline strives to stabilise operations. The full-service carrier is to operate over 300 flights daily in the ongoing summer schedule and witnessed significant disruptions earlier this week as many pilots reported sick, resulting in cancellations of flights. "We are carefully scaling back our operations by around 25-30 flights per day, i.e. roughly 10 per cent of the capacity we were operating.
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 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.
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.
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.
US transportation authorities are launching a review of the Dreamliner, a source familiar with the matter told Reuters on Thursday.
International aircraft major Boeing on Tuesday welcomed the Congress-led government's move to have a relook at the Indian Airlines' plans to order 43 aircraft from the European consortium Airbus Industries.
The Spanish Government mistakenly honoured celebrity Ivana Icardi, sister of Argentinian footballer Mauro Icardi, instead of Women's World Cup winning captain Ivana Andres, with the country's Royal Order of Sports Merit, Spain's National Sports Council (CSD) confirmed on Wednesday.
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 facility is a joint venture between the aerospace major and national carrier Air India, while MADC, a government agency, has provided the land. The 99-year lease agreement is for 50 acres of land located adjacent to the Dr Babasaheb Ambedkar International Airport under the prestigious Multi-modal International Passenger and Cargo Hub, Nagpur project.
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'Rajnath Singh's message was very clear: India's focus is on developing self-reliance.'
The number of Indian passengers has jumped more than 20 per cent in the past year
