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.
The European Union is expected to announce new tariff counter-measures on Thursday targeting U.S. aerospace exports, including Boeing jets, in response to escalating trade tensions with Washington.
China has ordered its airlines to suspend further deliveries of Boeing jets in response to the United States' decision to impose 145% tariffs on Chinese goods, according to a Bloomberg News report on Tuesday.
Uzbekistan’s flag carrier has announced airline’s plan to purchase a dozen of aircrafts from Boeing and Airbus, marking a significant milestone in upgrading and expanding its fleet.
Boeing to cut 396 jobs in Washington by February as part of a 10% workforce reduction, following cost-cutting measures after a factory workers' strike in September.
Ryanair has trimmed its passenger growth target for the year ending March 2026 from 215 million to 210 million due to Boeing delivery delays. Despite a reported after-tax profit of 1.79 billion euros, average fares dropped by 10% this year.
Prime Minister Keir Starmer is set to unveil fresh sanctions targeting up to 100 Russian oil tankers used to evade international restrictions, in a bid to cut off funding for Vladimir Putin's war in Ukraine.
China has agreed to send its top economic official for rare trade talks with the U.S. in Geneva, as deepening economic troubles and geopolitical frictions force Beijing back to the negotiating table.
The United States, along with its European allies, is finalizing a proposal for a 30-day ceasefire in Ukraine, with a strong warning that new sanctions will be imposed on Russia if the truce is not honored, according to a French diplomatic source on Friday.
Ten blasts were reported near Srinagar International Airport in India-administered Kashmir as tensions between India and Pakistan continue to escalate, prompting global concern over a potential wider conflict.
Ukraine and Hungary announced on Friday the mutual expulsion of two diplomats each, following accusations from both sides of espionage activities.
India has fired a series of missiles into Pakistani-controlled territory, in what it has described as “Operation Sindoor”
For the first time in history, an American has been chosen to lead the Catholic Church, as Cardinal Robert Prevost is named pope.
Discover every major VE Day 80 event in Britain, 5‑8 May 2025—from London’s parade and fly‑past to street parties, concerts and museum exhibitions.
Chinese e-commerce platform Temu has announced it will no longer sell goods directly from China to U.S. customers, shifting instead to U.S.-based sellers amid the closure of a long-criticized customs loophole.
Cardinals from 70 nations have gathered in Vatican City to begin the historic conclave to elect the next pope, following the death of Pope Francis 17 days ago. This conclave is the most geographically diverse in Church history, showcasing Francis’ legacy of inclusivity.
In a notable shift from traditional Republican policy, President Donald Trump has proposed raising taxes on high-income earners to help finance broader tax cuts for middle- and working-class Americans.
Ukraine is exploring whether to replace the U.S. dollar with the euro as its reference currency, as Kyiv aligns more closely with the EU and global trade fractures deepen.
The U.S. Federal Reserve kept its benchmark federal funds rate unchanged on Wednesday, maintaining the target range at 4.25% to 4.50%, in a widely expected move as the central bank navigates a complex economic environment marked by slowing inflation, global trade tensions, and political pressure.
Ford is raising prices on three of its Mexico-made models starting May 2, becoming one of the first major automakers to react to U.S. President Donald Trump's steep auto tariffs, which are reshaping industry costs and consumer prices.
As European NATO countries rush to strengthen their armed forces, large pension bills threaten to divert funds from urgently needed military hardware.
Prime Minister Keir Starmer is set to unveil fresh sanctions targeting up to 100 Russian oil tankers used to evade international restrictions, in a bid to cut off funding for Vladimir Putin's war in Ukraine.
China has agreed to send its top economic official for rare trade talks with the U.S. in Geneva, as deepening economic troubles and geopolitical frictions force Beijing back to the negotiating table.
The United States, along with its European allies, is finalizing a proposal for a 30-day ceasefire in Ukraine, with a strong warning that new sanctions will be imposed on Russia if the truce is not honored, according to a French diplomatic source on Friday.
Ten blasts were reported near Srinagar International Airport in India-administered Kashmir as tensions between India and Pakistan continue to escalate, prompting global concern over a potential wider conflict.
Ukraine and Hungary announced on Friday the mutual expulsion of two diplomats each, following accusations from both sides of espionage activities.
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