India's airlines have bounced back well beyond pre-pandemic levels, Boeing said, as Air India, the country's national carrier, prepared to unveil an historic order for almost 500 new planes on Tuesday.
The widely anticipated move is expected to include a major deal for French-U.S. engine maker CFM International, co-owned by General Electric and France's SafranNone of the companies commented ahead of the announcements, which have triggered hopes of significant industrial spin-offs for local suppliers at the air show, though the commercial dealmaking is happening away from the mainly defence event.
"The Indian market is recovering rapidly and its domestic capacity has exceeded 2019 levels, with domestic traffic expected to double by the end of this decade," Dave Schulte, Boeing commercial marketing managing director for Asia Pacific, said in a statement. Boeing expects 90% of India's demand for new airplanes to be for single-aisle ones like the 737 MAX and competing Airbus A320neo over the next 20 years.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Boeing plans new logistics centre in India amid major aircraft orderBoeing Co plans to invest about $24 million in India to set up a logistics centre for airplane parts, Salil Gupte, president of the local unit told Reuters on Monday, boosting its footprint in the country amid a large plane order.
Read more »
Charlie Puth & BTS Jungkook's 'Left and Right' hits 500 million streams on Spotify | allkpopBTS's Jungkook collaboration with Charlie Puth, 'Left and Right,' achieved a new milestone on Spotify!On February 12, KST, Jungk…
Read more »
INDIA Bond yields, rupee to track U.S., India inflation printsIndian government bond yields are expected to trend higher this week, as sentiment stays bearish, but debt as well as the local currency will track U.S. and India inflation data.
Read more »
Here's a look at the deadliest earthquakes in the past 500 yearsEarthquakes happen daily across the world. However, their impact varies. Some earthquakes are never felt and others have devastating and deadly consequences.
Read more »
Danica Patrick and the Jaw-Dropping 2013 Daytona 500 PoleConspiracy theorists have had a field day with Patrick's first, and only, NASCAR Cup Series pole.
Read more »