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.
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.
Ryanair cut its passenger target for March 2026 from 215M to 210M due to Boeing delays. Profits fell 18% to 1.79B euros as fares dropped, though CEO Michael O'Leary says declines are easing. Ongoing Boeing strikes may further impact deliveries.
Boeing boosts wage offer to 33,000 striking workers with a 38% raise over four years and a $12,000 bonus, aiming to end a seven-week strike that has stalled key aircraft production.
At least five people were killed in a suicide bomb blast in Kunduz province, northeastern Afghanistan, on Tuesday, according to local police.
Turkish President Recep Tayyip Erdogan has called for Israel to end its occupation of Palestinian territories and compensate for the damage caused.
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 11th, covering the latest developments you need to know.
A woman in the U.S. has accused internet personalities Tristan and Andrew Tate of conspiring to coerce her into sex work, luring her to Romania and defaming her after her testimony to Romanian authorities, according to a lawsuit filed on Monday.
Marriages in China dropped by 20% in 2024, marking the largest decline on record, despite efforts by authorities to encourage young couples to wed and have children.
The Sarandí stream in Buenos Aires, Argentina, turned bright red on Thursday for unknown reasons, raising concerns among authorities and residents. The waterway, which flows into the Río de la Plata, is under investigation to determine the cause.
Kazakhstan's Ministry of Transport has released the preliminary report on the investigation on Azerbaijan Airlines's flight J2-8243's tragic crash. Read excerpts from the report and watch AnewZ's complete coverage.
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.
Azerbaijan has halted activities of “Russian House” in Baku according to local media reports on Thursday, following accusations of espionage. This is being described as an escalation of tensions between the two countries.
A major fire erupted near Istanbul’s historic Spice Bazaar in the Eminonu district on Thursday, quickly spreading to nearby buildings. Emergency teams, including firefighters and medical personnel, were dispatched to control the blaze and ensure public safety.
U.S. President Donald Trump said on Sunday he will introduce 25% tariffs on all steel and aluminum imports into the United States, on top of existing metals duties, in another major escalation of his trade policy overhaul.
The year 2025 is shaping up to be a pivotal period for commercial lunar exploration, with half a dozen missions slated to launch over the coming months. These ventures, led by private companies under NASA’s Commercial Lunar Payload Services (CLPS) program, mark a significant expansion of commercial
Elon Musk and a group of investors have submitted a $97.4 billion bid to acquire OpenAI, the company behind ChatGPT. The offer was presented to OpenAI’s board on Monday, according to the Wall Street Journal.
Advertisers shelled out $8 million on average for a 30-second spot during Super Bowl LIX, but advertisers say the high-cost commercials are definitely worth it.
President Donald Trump announced on Truth Social that he has ordered U.S. Treasury Secretary Scott Bessent to halt production of the one-cent penny, citing excessive costs.
At least five people were killed in a suicide bomb blast in Kunduz province, northeastern Afghanistan, on Tuesday, according to local police.
Turkish President Recep Tayyip Erdogan has called for Israel to end its occupation of Palestinian territories and compensate for the damage caused.
Start your day informed with AnewZ Morning Brief: here are the top news stories for February 11th, covering the latest developments you need to know.
A woman in the U.S. has accused internet personalities Tristan and Andrew Tate of conspiring to coerce her into sex work, luring her to Romania and defaming her after her testimony to Romanian authorities, according to a lawsuit filed on Monday.
Marriages in China dropped by 20% in 2024, marking the largest decline on record, despite efforts by authorities to encourage young couples to wed and have children.
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