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
Glimpses of the Indian Air Force's 91st Air Force Day celebrations at the Bamrauli Air Force Station in Prayagraj, October 8, 2023.
Air India shelves plan to acquire Boeing 787-9 aircraft.
The Indian badminton team returned empty-handed from the Olympics for the first time in over a decade.
Akasa Air on Tuesday said it has added the 20th aircraft to its fleet that also makes the airline eligible to start international operations. The carrier, which will complete one year of operations on August 7, has also become the first airline in Asia to have the Boeing 737-8-200 variant. According to a release, the Boeing 737-8-200 aircraft aligns with Akasa Air's continued efforts to control operating costs.
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.
A meeting of the CCEA is likely to be held next week.
The airline will induct four more Dreamliners next year to complete order of 27 of these aircraft
Of 1,400 pilots the airline has, 200 have quit in the past few months because of salary delays.
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.
The company powered its ecoDemonstrator 787 flight test airplane on December 2 with a blend of 15 per cent green diesel and 85 per cent petroleum jet fuel in the left engine.
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).
The order, with a cumulative value of $18 billion, is the single largest commercial airplane order in Boeing's history by dollar value.
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.
India will require 1,740 planes over the next 20 years.
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 firm, which aims to double sourcing from India, is looking at partnerships with institutions such as the IITs
The Boeing website lists the price of a Boeing 737-800 aircraft at $90.5 million.
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.
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.
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 Mahindra Group is an automotive, farm equipment, financial services, trade and logistics and information technology conglomerate.
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.
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.
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 will reduce the production program's work force by approximately 1,100 jobs through the end of 2012," the company said in a statement.
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 has started building the first Next-Generation 737 at the increased rate of 42 airplanes per month.
BA parent could order around 20 Airbus A350-1000s.
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.
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.
Boeing, the maker of the Malaysian Airlines aircraft that crashed in eastern Ukraine, on Thursday said it was ready to assist authorities.
The facility will entail an investment of $100 million.
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.
The Boeing Company has named Lizum Mishra as corporate communications director of Boeing India with headquarters in New Delhi.
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.
'We have informed the government multiple times that the situation in the US and India are different.' 'Here, there will be a 500 MHz gap in the frequencies which will safely allow aviation without interference.'
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