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.
Bulgaria marked its entry into the euro zone on Thursday with a display of euro coins on the front of the central bank in the capital, Sofia....
Chelsea Football Club have parted ways with manager Enzo Maresca, after the London side have won just one of their last seven English Premier League g...
Israel will revoke the licenses of 37 aid organisations from operating in Gaza and the West Bank, stating the groups have failed to meet the requireme...
Shusha, the historic jewel of Karabakh, is rising again—where geography, history, and modern innovation converge to shape a city reborn....
Emirates Airline is confident in Boeing’s plans for a larger 777X and has ruled out ordering Airbus’s A350-1000 at the Dubai Airshow.
U.S.-based aviation company Boeing is preparing to produce a new narrow-body, single-aisle aircraft to replace its 737 Max model, sources report.
The U.S. envoy to Türkiye has confirmed that a Turkish Airlines’ Boeing aircraft deal has been finalised, marking a significant step in expanding the carrier’s fleet.
Beijing is in talks with Boeing over a potential order of up to 500 aircrafts, a deal that could reshape the U.S. manufacturer’s fortunes in China after years of stalled sales.
The Russian radio station known as 'Doomsday Radio' (or UVB-76) unexpectedly began playing ‘Swan Lake’, music from a ballet composition. The last time this was done was during the deaths of Soviet-era leaders and the 1991 coup.
Dozens of people are feared dead and around 100 others injured after an explosion tore through a crowded bar during New Year’s Eve celebrations at the Swiss ski resort of Crans-Montana, authorities said.
Protests in Iran over soaring prices and a plunging rial have spread to universities in Tehran, as students join shopkeepers and bazaar merchants in demanding government action. With inflation above 42% and the rial at record lows, unrest continues to grow across the country.
As Russia’s war in Ukraine enters its fourth year, rising casualties, economic struggles, and mounting unrest expose cracks in society. Despite Kremlin propaganda, frustration is growing as more Russians question the government’s narrative, according to The Washington Post.
European leaders held talks on Ukraine after Russia said it would revise its negotiating position, citing an alleged Ukrainian drone attack that Kyiv has firmly denied.
India’s largest oil refiner, Indian Oil Corporation (IOC), has taken a significant step towards diversifying its crude oil supply by purchasing Colombian crude, from state oil company Ecopetrol, for the first time.
China has given the nod for car makers to sell Level 3 self-driving vehicles from as early as next year after it approved two electric sedans from Changan Auto and BAIC Motors.
Warner Bros Discovery’s board rejected Paramount Skydance’s $108.4 billion hostile bid on Wednesday (17 December), citing insufficient financing guarantees.
Ford Motor Company said on Monday it will take a $19.5 billion writedown and scrap several electric vehicle (EV) models, marking a major retreat from its battery-powered ambitions amid declining EV demand and changes under the Trump administration.
Iran has rolled out changes to how fuel is priced at the pump. The move is aimed at managing demand without triggering public anger.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment