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.
The Vatican has released the first image of Pope Francis in hospital since he was admitted for double pneumonia, showing the 88-year-old pontiff seated in a chapel at Rome’s Gemelli hospital.
The US has vowed to keep striking Yemen’s Houthis until they stop attacks on shipping, as the Iran-aligned group signalled potential escalation following US airstrikes that reportedly killed at least 31 people.
Donald Trump’s envoy, Steve Witkoff, has expressed optimism that the U.S. president will speak with Russian leader Vladimir Putin this week to discuss ending the ongoing war in Ukraine, following what he described as productive talks in Moscow.
A nationwide blackout in Cuba left 10 million without power. While parts of Havana have electricity, most areas remain dark. The outage, the fourth since October, highlights the country's energy crisis amid fuel shortages and ageing infrastructure.
Italy will unveil an industrial strategy in June, linking its automotive, defence, and aerospace sectors amid Europe's focus on defence spending and satellite security.
World leaders welcomed the 30-day ceasefire proposal that Ukraine has agreed to, calling it a step toward ending the conflict with Russia.
The inside of a Herculaneum delicate & ancient scroll, unseen for nearly 2,000 years, has been revealed using Artificial Intelligence.
In Tuesday’s closely watched parliamentary election, Greenland’s pro-business opposition Demokraatit party took a commanding lead after over 90% of the ballots were counted.
BioNTech forecasts a revenue decline for 2025, expecting between 1.7 billion and 2.2 billion euros, down from 2.75 billion euros last year. This drop is due to Pfizer write-downs and stable vaccination rates. BioNTech also plans significant job cuts and new hires.
Germany's election-winning conservative CDU/CSU bloc, led by Friedrich Merz, and the Social Democrats (SPD) have reached an agreement in principle with the Greens on a significant increase in state borrowing ahead of next week’s parliamentary vote.
BMW expects a €1 billion loss for 2025 due to the US-EU tariff dispute, including a 25% duty on certain vehicles and tariffs on its China-made electric cars. The company hopes not all tariffs will remain for the full year.
Uzbekistan has signed an agreement with French and Japanese companies to initiate uranium production in the Navoi region by the end of 2025.
The United States imposed sanctions on Thursday on Iran's Oil Minister Mohsen Paknejad and some Hong Kong-flagged vessels that are part of a shadow fleet that helps disguise Iranian oil shipments, the Treasury Department said.
Türkiye’s state-owned Turkish Petroleum Corporation signed a joint venture agreement with U.S. oil giants Continental Resources and TransAtlantic Petroleum, Turkish Energy Minister Alparslan Bayraktar announced.
The Vatican has released the first image of Pope Francis in hospital since he was admitted for double pneumonia, showing the 88-year-old pontiff seated in a chapel at Rome’s Gemelli hospital.
The US has vowed to keep striking Yemen’s Houthis until they stop attacks on shipping, as the Iran-aligned group signalled potential escalation following US airstrikes that reportedly killed at least 31 people.
Donald Trump’s envoy, Steve Witkoff, has expressed optimism that the U.S. president will speak with Russian leader Vladimir Putin this week to discuss ending the ongoing war in Ukraine, following what he described as productive talks in Moscow.
A nationwide blackout in Cuba left 10 million without power. While parts of Havana have electricity, most areas remain dark. The outage, the fourth since October, highlights the country's energy crisis amid fuel shortages and ageing infrastructure.
Italy will unveil an industrial strategy in June, linking its automotive, defence, and aerospace sectors amid Europe's focus on defence spending and satellite security.
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