"None of the air-carriers have asked us for either a deferral or cancellation...we are very comfortable with the market position," Boeing's Senior Vice President, Sales (commercial airplanes), Dinesh Keskar, said, while releasing the Current Market Outlook (CMO)2008-2028 report, in Mumbai on Wednesday. "We have fortunately not contributed to over-capacity as in the last ten mnonths we have not delivered many aircraft," Keskar said.
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 forecast comes as the region's carriers continue to surpass global air traffic and capacity growth rates.
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.
SpiceJet is conducting a strategic review of fleet and network, which could see staff reductions and a possible phase out of Bombardier Q400 planes in three months.
Stock markets would take cues from the biggest event of the week -- the US Fed interest rate decision, besides tracking the trends in global markets and trading activity of foreign investors, analysts said. Last week, a heavy decline in smallcap, midcap firms, foreign fund outflows and elevated crude oil prices in the international market dented investors' sentiments. Experts said equity markets may remain volatile in the near-term amid a host of global central bank's monetary policy decisions lined up during the week.
Passengers of a San Francisco-bound Air India flight faced a harrowing time due to an inordinate delay and some of them fainted as the aircraft's air-conditioning system was non-functional.
Another airport official said on condition of anonymity that a spark flew out of from the rear of the plane and ignited the grass. "Thank god it happened only after the passengers alighted from the plane," the official said.
The empowered group of ministers on Saturday gave its approval to Air India's proposal to purchase 68 aircraft after completing final round of price negotiations with US manufacturer Boeing, which has offered massive discounts on the total value of t
With the earlier order for 55 planes and additional 100 new 737-8 MAX aircraft, the no-frills carrier now has firmed up the order for a total of 155 planes, besides purchase rights for 50 B737-8 MAX and wide body aircraft.
The safety and security of citizens is primary for the government, he said.
US aircraft major Boeing on Thursday showcased its new generation B-777-200 LR (long range) plane in New Delhi.
In the largest such order, UAE's flagship Emirates Airline on Monday announced an order of 42 Boeing 777 aircraft, to be powered by GE90 jet engines, in a deal worth $9.7 billion.
Defence Minister Manohar Parrikar says global aircraft makers will have to get approval from their own governments to transfer technology and build jets in India.
The government cleared a multi-billion dollar deal for attack helicopters and heavy-lift choppers with American aviation giant Boeing.
Boeing will bring over 20 aircraft for the domestic market.
India will soon have a dedicated global facility to convert passenger airplanes to cargo planes, with state-run aerospace major Hindustan Aeronautics Limited planning a full fledged conversion centre for Boeing aircraft
A child sitting near the window was reportedly pulled by the suction, and his shirt was torn off.
Boeing Commercial Airplanes on Tuesday offered to replace the aircraft leased by Air-India from South Korea with new generation ones at a 'great price' and said Indian Airlines would save over Rs 700 crore (Rs 7 billion) if it bought planes from it.
The plane made an emergency landing at the airport at around 3 pm, he said.
ANA said instruments on a domestic flight early Wednesday indicated a battery error.
The US-based aircraft manufacturing giant will expand its manufacturing presence, launch subsidiaries and strengthen research and development (R&D) programmes in the country. Jeppesen, a subsidiary of Boeing, is close to setting up an office in Hyderabad, while another, Aviall, the company's spare parts subsidiary, already has operations from Noida.
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 West Bengal government is in a race against Maharashtra, Andhra Pradesh and Karnataka to persuade US aircraft maker Boeing to set up a Maintainance, Repair and Operations hub near Kolkata.
Boeing is also exploring the possibility of manufacturing aircraft components and assembling the jets in India.
The airlines is in talks with Oman Air and Etihad.
Air India will train its pilots in Singapore for the Boeing 787 Dreamliner aircraft, due for delivery from December. The move is sparking a protest from one of its pilots' unions, on promotion issues.
Six global defence majors, including US giants Lockheed Martin and Boeing, and European consortium EADS, today offered to invest an estimated $2 billion to $3 billion to revitalise India's defence and aerospace industry.Under the proposals, which came days after New Delhi unveiled a new investment-friendly weapons procurement policy, the companies offered to pump in more investments, create defence exports and set up weapon-related joint ventures.
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.
Air India is aiming to improve its financials by pruning loss-making flights, improving fleet use, increasing web sales and selling & leasing back 14 Boeing 787s by March-end, top airline executives said on Monday.
"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 bn," said Dinesh Keskar, the newly appointed president of Boeing India. Boeing's major buyers in India, Air India, Spice Jet and Jet Airlines have not made any cancellation, Keskar said.
The long-range planes will be delivered from early 2014.
SpiceJet is in talks with aircraft makers for a jet deal.
Mahindra & Mahindra has decided to dismandle its recently acquired Boeing plant in Melbourne, Australia, which makes machinery for aircraft, and shift it to Bangalore.
Sindhu pulls out of Uber Cup
