labels: Boeing, News reports, Aerospace manufacturing
AeroIndia 2009: No cancellations from India, says Boeing news
11 February 2009

Bengaluru, 11 February: Boeing, one of the 'Big Two' manufacturers of commercial and defence aircraft, said here yesterday that no orders for its aircraft have been cancelled from India despite the global slowdown. It assured to deliver aircraft on schedule to its buyers including Air India, the national carrier.

''We sold $25 billion worth of aircraft in the last three years. A hundred more, valued at $17 billion, are to be delivered in the next five years,'' Dinesh Keskar, the newly appointed President of Boeing India, who takes over his new responsibilities from 1 March, told a press conference on the eve of the Aero India 2009 event here.

Boeing's major buyers in India are Air India, Spice Jet and Jet Airlines. Keskar said. ''We are gearing up to deliver a big order for 68 aircraft from Air India.''

Saying that India has maintained a ''good GDP growth'' of about seven per cent, Keskar was optimistic that the Indian economy would recover in the fourth quarter of this year. He said the Indian aviation sector, ''which is not making profit'' currently, should see a turnaround because fuel prices have dropped from $140 per barrel to around $40.

''India's recovery should be much faster than the USA. It should see an upturn in the fourth quarter of this year,'' he said.


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AeroIndia 2009: No cancellations from India, says Boeing