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.
Boeing has struck a deal with the U.S. Justice Department to avoid criminal charges over the 737 Max tragedies, agreeing to pay over $1.1 billion in penalties, victim support, and safety reforms.
A fire on a British Airways Boeing 777 at Gatwick Airport last June was caused by a co-pilot mixing up his left and right hands during take-off, according to a report by the UK’s Air Accidents Investigation Branch (AAIB).
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.
U.S. Treasury Secretary Bessent said on Sunday that he expects President Donald Trump and Chinese President Xi Jinping to speak soon in an effort to resolve a growing dispute over critical minerals.
As Germany considers providing long-range Taurus missiles to Ukraine, military experts warn the move could enable Kyiv to strike targets deep inside Russian territory, including Moscow — a shift that could escalate tensions and draw NATO closer to direct confrontation.
Ukraine has carried out one of its largest drone strikes of the war, reportedly hitting more than 40 Russian military aircraft at multiple air bases, a Ukrainian security official told Reuters on Sunday.
Ukrainian President Volodymyr Zelenskyy said on Sunday that Ukraine will attend a meeting in Istanbul on Monday, following a proposal from Russia.
Flash floods in central Nigeria have killed at least 151 people, with authorities warning the toll may rise further as search and rescue operations continue in the flood-ravaged town of Mokwa, Niger State.
On May 28, the inauguration ceremony of Lachin International Airport was held.
Taxi drivers across France are protesting government plans to cut payments for driving patients to medical appointments. These cuts are part of a broader effort by Prime Minister François Bayrou to save €40 billion in the 2026 budget and reduce the country’s large deficit.
A car drove into crowds of Liverpool fans celebrating the club’s Premier League title in the city centre on Monday evening, injuring dozens including 4 children. A 53-year-old man believed to be the driver was arrested at the scene.
EU ministers have greenlit a massive €150 billion defense investment fund—dubbed the Security Action for Europe (SAFE)—as the bloc ramps up its military readiness in response to Russia’s aggression and growing uncertainty over U.S. security guarantees.
Brazil’s economy is expected to have regained momentum in the first quarter of 2025, driven by a surge in household spending and private investment, according to a Reuters poll of economists conducted from May 21–26.
President Donald Trump announced that he will increase steel tariffs from 25% to 50%, a move that could push up costs for industries relying on steel, including housing and auto manufacturing.
U.S. stocks wrapped up the week with a mixed finish after President Donald Trump accused China of breaking a recent trade agreement, reigniting global market jitters just weeks after a deal was struck in Geneva.
Volkswagen is negotiating directly with the U.S. government to ease tariffs in exchange for deeper investment commitments.
Wall Street futures slipped as a surprise court ruling brought back most of Trump-era tariffs, shaking investor confidence heading into month-end.
Model Hailey Bieber is selling her skincare brand Rhode to e.l.f. Beauty in a deal worth up to $1 billion (£790 million), with plans for international expansion and continued viral success.
U.S. Treasury Secretary Bessent said on Sunday that he expects President Donald Trump and Chinese President Xi Jinping to speak soon in an effort to resolve a growing dispute over critical minerals.
As Germany considers providing long-range Taurus missiles to Ukraine, military experts warn the move could enable Kyiv to strike targets deep inside Russian territory, including Moscow — a shift that could escalate tensions and draw NATO closer to direct confrontation.
Ukraine has carried out one of its largest drone strikes of the war, reportedly hitting more than 40 Russian military aircraft at multiple air bases, a Ukrainian security official told Reuters on Sunday.
Ukrainian President Volodymyr Zelenskyy said on Sunday that Ukraine will attend a meeting in Istanbul on Monday, following a proposal from Russia.
Flash floods in central Nigeria have killed at least 151 people, with authorities warning the toll may rise further as search and rescue operations continue in the flood-ravaged town of Mokwa, Niger State.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment