Commercial flights may also help Boeing's bottom line on a rare, fixed-price, government-backed development program.
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.
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.
From the Sensex pack, Tata Motors, NTPC, Bajaj Finserv, Power Grid Corp, Titan, Asian Paints, IndusInd Bank, Maruti Suzuki India and Tata Steel were among the biggest gainers. Sun Pharmaceuticals, ITC, Hindustan Unilever, Bharti Airtel, UltraTech Cement and Reliance Industries were among the laggards.
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.
India has got the money and workforce, but no Indian firm has so far decided to do it
Boeing is likely to form a JV with the Tatas to make defence related aerospace parts.
The 747-8 Intercontinental's first flight marks the beginning of a flight test program that will finish in the fourth quarter.
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.
SpaceX launched a reduced two-man crew to the International Space Station on Saturday, carrying supplies and two empty seats for Starliner astronauts awaiting a return home in February after an unplanned eight-and-a-half-month stay in orbit, CBS News reported.
Air India had placed an order for 68 aircraft, including Boeing 737s, 777s and 787s, all valued at $11 billion in Dec 2005.
When the photographers congratulated her, she couldn't stop blushing.
Last year, Boeing upgraded the cabin of its Boeing 737 with new features such as LED lighting, bigger overhead bins and new ceiling panels.
This is an increase from a Boeing forecast last year of 1,450 new airplanes worth $175 billion.
Astronauts aboard the space station have found themselves facing a foe far tinier than any rogue asteroid: A joint study by IIT-Madras and NASA's Jet Propulsion Laboratory -- under Principal Investigator Kasthuri Venkateswaran -- has revealed that strains of the bacterial species Enterobacter bugandensis, a multi-drug resistant superbug, have been hitting the gym in the microgravity crucible. Though the situation at the ISS is slightly unsettling, holding funeral dirges would be an overkill, says Kumar Abishek.
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 airline plans to deploy A380 to Mumbai instead.
Sections of our media and elites take Western reports/judgements at face value and are ready to condemn the targets without understanding the deeper power linkages behind such actions, asserts Colonel Anil A Athale (Retd).
Aviation regulator Directorate General of Civil Aviation (DGCA) has sought a report from Air India on reports that an aircraft that was to operate a scheduled flight has been deployed for flying out the Indian cricket team from Barbados, according to officials.
Boeing sticks with lithium-ion battery despite issues.
Air India would start inspecting its six Boeing 787 Dreamliners from Tuesday.
In a bid to increase its focus on the country, the company has set up an Indian subsidiary.
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.
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.
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.
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.
Boeing said it expected the Indian market to generate demand for 676 single-aisle and 120 twin-aisle airplanes.
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.
While everyone is eagerly waiting to see Taapsee Pannu in her latest thriller, Phir Aayi Hasseen Dillruba, she's already winning hearts with her sari looks at the Paris Olympics 2024.
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.
From highways connecting once-remote regions to aviation networks carrying millions, India's infrastructure story is one of transformation.
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 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.
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.
