Tag Archives: Boeing

According to Boeing Managing Director (Marketing) David Schulte, India’s airlines will lead air traffic growth through 2040, growing at a rate of 6.9 per cent. Strong recovery is gaining momentum in Indian aviation and it is one of the fastest growing markets. 

Boeing’s commercial market outlook for India reveals that the country’s air passenger market will double in size by from the pre-pandemic level by 2030. The first to recover be VFR traffic. International traffic, by comparison, is expected to take at least until 2023 to make a full recovery, primarily owing to travel restrictions, vaccine roll-outs and a slow return of business travel.

Aircraft-manufacturer Boeing has suspended production of the 737 MAX planes starting January 2020 following an extension in the certification moving into 2020 and uncertainty about the timing and conditions for a return to service of the aircraft, said a company statement. The company added that it has around 400 aeroplanes in storage and would prioritise the delivery of these aircraft. In India, SpiceJet ordered as many as 205 of these planes in 2017, of which 13 have been delivered. The planes are, however, grounded due to the ongoing FAA safety review. SpiceJet is the only major Indian airline with the 737 Max in its fleet. Boeing’s decision on the 737 MAX is expected to pose further problems not only for SpiceJet but also for other airlines worldwide, which have lost huge sums of money due to thousands of cancelled flights and inability to use the fuel-efficient planes in their fleet.

“Maharashtra is an industrial state and the way aviation sector is witnessing growth, there is a demand for more infrastructure and more airport spaces,” said Devendra Fadnavis, Chief Minister, Maharashtra, at the first Global Aviation Summit in Mumbai. As one of the key speakers of the inaugural session, Fadnavis focused on how aviation contributed to 15 per cent of the national GDP. Welcoming all the dignitaries and ministers to the financial and entertainment capital of India, the chief minister highlighted the importance of growth in the aviation sector and said that Mumbai is proud to be one of the most efficiently managed airports in India. Fadnavis thanked Suresh Prabhu, Minister of Civil Aviation and Commerce and Industry for choosing Mumbai as the venue for the summit. Mentioning the construction of the Navi Mumbai airport, which is touted to be operational by 2020, the minister said that the airport will offer a unique experience to travellers. The airport has capacity to add 1 per cent to our GDP and apart from it, there are 9 airports in the pipeline in the state. While Pune airport is being developed to cater to one of the major IT hubs in the country, Nagpur airport is being developed for its strategic location in national and international flight routes. All metros in India are around an hour’s distance from Nagpur via flight and this connectivity has called for more attention to its infrastructure development, the chief minister added. The connectivity between South East Asia and Europe also passes through Nagpur and hence facilities at the airport are one of the best that have been created. A passenger and cargo hub will also be created in …

Boeing forecasts a demand for 1,850 new airplanes in India, valued at $265 billion, over the next 20 years. Dinesh Keskar, senior VP, Asia Pacific and India Sales, Boeing Commercial Airplanes released the company’s annual Current Market Outlook (CMO) for India in Mumbai, and said, “With the new aviation policy in place, we see even greater opportunities and remain confident in the market and the airlines in India. India continues to have a strong commercial aerospace market and the highest domestic traffic growth in the world.”  According to Boeing’s CMO, single-aisle airplanes such as the Next-Generation 737 and 737 MAX will continue to account for the largest share of new deliveries, with airlines in India needing approximately 1,560 airplanes. These new airplanes will continue to support the growth of low-cost carriers and replace older, less-efficient airplanes. The report also says that traffic growth in India remains the highest in the world at 8.6 per cent and that domestic passenger traffic increased 21 per cent from 2015. It also mentions that low-cost carriers account for more than 60 per cent of all flights in India.

Boeing and Tata Advanced Systems celebrated the foundation laying of a new facility in Hyderabad for its joint venture named TATA Boeing Aerospace Limited (TBAL). The joint venture has been established to co-produce Boeing AH-64 Apache helicopter fuselages and other aerostructures, as well as to pursue integrated systems in aerospace. The Hyderabad production facility will eventually be the sole producer of AH-64 fuselages globally. The Apache has been flown or selected for acquisition by the United States and 15 other nations, including India. Participating in the ceremony were Manohar Parrikar, Defence Minister, Government of India; K. T. Rama Rao,  Minister of IT and Industries & Commerce, Telangana; and other dignitaries from the Telangana government. “The joint venture between Tata and Boeing is a significant step in developing India’s capabilities for aerospace & defence manufacturing and becoming a global exporter. This is a clear example of the significant progress made towards “Make in India for defence,” said Parrikar, Union Defence Minister. “I am delighted to see Boeing and Tata step forward and make this substantial investment, in defence FDI.” Speaking on the occasion, S. Ramadorai, Chairman of Tata Advanced Systems Ltd (TASL), said, “Today’s ground-breaking ceremony is a significant milestone in furthering our commitment to the Indian aerospace sector. With the advent of the Industrial Revolution 4.0 this partnership could boost the emerging manufacturing sector, contributing to the Hon’ble Prime Minister’s vision of Make in India. I am positive that this joint venture which brings together the core strengths of both companies will help take this strategic relationship to the next level.” “This joint venture is an exciting advancement for Boeing in leveraging our capital and expertise globally,” said Pratyush Kumar, …