Boeing flying high in India with aggressive plans

SOURCE : CNBC-TV18

The past year has been good to aircraft maker Boeing especially in the Indian market. And that’s why it has hiked its India growth projections from USD 100 billion to USD 130 billion dollars over a 20-year time frame, reports CNBC-TV18 Sunanda Jayaseelan.As far as Boeing is concerned, growth is definitely taking off. And India is a major growth driver, with orders pouring in from both the civil aviation sector, and the defence sector.

While the aircraft maker has been plagued by delivery delays, it says it will cover its backlog of 107 aeroplanes totalling over USD 14 billion over the next four years. This will begin within the next two months, with delivery of the first batch of its 27-aircraft deal with Air India.

Dinesh Keskar, President, Boeing India said, “It is unfortunate about the delays because of changes in design which have been approved. We will deliver the aircraft in Q3 of this year. We have a 27 order deal which we will deliver.”

On the defence side, the major talking point has been the medium multi-role combat aircraft (MMRCA). Boeing, which has offered its f/a-18 for the role, expects the government to decide on the 126 aircraft order soon. But even if the MMRCA order goes elsewhere, Boeing is not worried. It says it has been doing offset work worth nearly USD1.7 billion dollars in India over the past 10 years and India is a land of opportunity.

Keskar added, “We have done offset work worth nearly USD 630 mn on the P-8I and more on the C-17 will be done this year. There is also offset work we do with HAL and BEL for hardware and engineering services work we do with TCS, Infosys, Wipro.”

Boeing has tied up with air India to set up a maintenance, repair and over-haul (MRO) facility at Nagpur. This is expected to be ready in the next two years. Keskar says that initially, this facility will only service Boeing aircraft sold to Air India, Jet Airways and Spice Jet. But it will eventually be expanded to service other aircraft.

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Posted by pilotpaul on Feb 3 2011. Filed under All News. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.

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