Boeing has indicated that it needs more aircraft orders from India before considering setting up a commercial jet assembly line in the country, tempering government expectations.
Boeing India and South Asia President Salil Gupte stated that the Indian market alone is not large enough to justify a final assembly facility. Speaking at the Aero India show in Bengaluru, he emphasized that a viable business case requires a much larger regional demand.
While Boeing has committed to India’s aerospace sector, it currently focuses on defense aircraft assembly, such as F/A-18 jets. The company sources $1.25 billion in products and services annually from India and employs about 7,000 people.
Despite Indian airlines having nearly 1,800 aircraft on order, Gupte noted that final assembly represents less than 10% of an aircraft’s value, highlighting the importance of a robust aerospace supply chain. Boeing is in discussions with the Indian government on incentives to lower costs and expand manufacturing capabilities.
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Flights at Catania airport in Sicily will remain suspended until early Friday as ash from Mount Etna continues to disrupt air travel, following hundreds of cancellations and diversions over the past week.
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Russia has accused Ukraine of threatening global grain supplies after recent strikes on Black Sea agricultural infrastructure, while Moscow carried out a new overnight attack on Ukraine’s major Danube port of Izmail.
Online fast-fashion platform Shein lost a London copyright lawsuit against rival Temu on Thursday over photographs used to promote some products.
Norway’s $2.3 trillion sovereign wealth fund has revealed a 0.05 per cent stake in SpaceX worth $1.22 billion, marking its first reported holding in Elon Musk’s space company.
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