Boeing will deliver 100 planes worth US$17 billion over the next four to five years in India
March 31, 2009 in Airline Industry
(Forimmediaterelease.net) NEW YORK - Boeing will deliver 100 planes worth US$17 billion over the next four to five years in India, the president of its Indian operations said on Tuesday.
“We clearly want to extend our footprint in India,” Dinesh Keskar, president of Boeing India, told reporters at the launch of Boeing's research and technology center in the southern city of Bangalore.
Last year Boeing had projected India would need 1,001 aircraft worth more than US$105 billion over the next 20 years, and Mr. Keskar said the forecast was still valid despite an economic downturn. Boeing has not seen any cancellation of its order for civilian aircraft from Indian airlines, though Jet Airways deferred the order of two aircraft last year, he said.
Boeing, which also competes for defense projects in Asia's third-largest economy, and European rival Airbus have seen new orders for planes slump as many major economies have slid into recession.
“We clearly want to extend our footprint in India,” Dinesh Keskar, president of Boeing India, told reporters at the launch of Boeing's research and technology center in the southern city of Bangalore.
Last year Boeing had projected India would need 1,001 aircraft worth more than US$105 billion over the next 20 years, and Mr. Keskar said the forecast was still valid despite an economic downturn. Boeing has not seen any cancellation of its order for civilian aircraft from Indian airlines, though Jet Airways deferred the order of two aircraft last year, he said.
Boeing, which also competes for defense projects in Asia's third-largest economy, and European rival Airbus have seen new orders for planes slump as many major economies have slid into recession.
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