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US-based Boeing is a large buyer of aircraft parts from India and is looking at the country as its largest foreign original equipment manufacturer (OEM) base for components going forward, Commerce and Industry Minister Piyush Goyal said on Saturday. Under an interim trade agreement with India, the US has agreed to remove tariffs on certain aircraft and aircraft parts of India. "Already Boeing and Airbus are large buyers of aircraft parts from India...I am told both these companies are looking at India as the largest foreign OEM for parts going forward and I have had conversations with the top board and CEO of both companies. There is a lot of excitement about the India-US partnership," he told reporters here. Boeing has over 265 commercial and military aircraft operating in India, which is a key market for the plane maker. The company has more than 325 suppliers and the annual sourcing from the country is worth over USD 1.25 billion. The amount includes components and services. Ai
Airlines in India and South Asia will need nearly 3,300 new planes by 2044 as air traffic demand is on the rise, US aircraft maker Boeing said on Wednesday. Single-aisle jets or the narrow-body planes will account for nearly 90 per cent of these projected deliveries at 2,875 while wide-body aircraft will be at 395. In its Commercial Marker Outlook (CMO) for South Asia, Boeing also said airlines in the region would require about 45,000 pilots, 45,000 technicians and 51,000 cabin crew, over the next two decades. India is a growth market and the country will add more planes, Boeing Managing Director of Commercial Marketing, Eurasia and Indian Subcontinent Ashwin Naidu said. According to him, India is the fastest growing region, with the fleet quadrupling over the next 20 years. He presented the CMO on the sidelines of the four-day aviation summit Wings India 2026 in the city. "India and South Asia's passenger air traffic will rise an average of 7 per cent annually over the next 20 y
Boeing's sales surged nearly 60 per cent in the fourth quarter as the aerospace company digs itself out of a string of crises that tarnished its reputation. It was the strongest quarter of aeroplane deliveries since 2018. Revenue soared to USD 23.95 billion from USD 15.24 billion for the three months ended Dec. 31. That topped the USD 22.6 billion that analysts polled by FactSet were looking for. Boeing had 160 commercial deliveries in the quarter, more than double the 57 deliveries in the prior-year period. Deliveries are an important source of cash for plane manufacturers since buyers typically pay a large portion of the purchase price when their orders are fulfilled. "We made significant progress on our recovery in 2025 and have set the foundation to keep our momentum going in the year ahead," Boeing CEO Kelly Ortberg said in a statement on Tuesday. Arlington, Virginia-based Boeing moved to a profit of USD 8.13 billion, or USD 10.23 per share, in the period. That compares with
Bangladesh has decided in principle to procure 14 aircraft from US multinational Boeing, opting out of its rival European conglomerate Airbus after a protracted competition that also saw extensive diplomatic engagement by the countries concerned. State-run BSS news agency reported that Biman Bangladesh Airlines decided to procure the Boeing aircraft at its annual general meeting as part of its fleet expansion plan. "The approved order comprises eight Boeing 787-10 Dreamliners, two Boeing 787-9 Dreamliners and four Boeing 737-8 Max aircraft," the report said, adding, however, that the deal would be finalised following further price negotiations and after meeting other terms set by Biman's techno-finance committee.
Boeing said Monday it has completed a $4.7 billion purchase of key supplier Spirit AeroSystems, which builds fuselages for the giant aerospace company's 737 Max jetliners, including an Alaska Airlines aircraft that suffered a door-panel blowout last year. The deal, in the works for over a year, also brings Boeing's largest provider of spare parts in-house. CEO Kelly Ortberg called it a pivotal moment for Boeing's future. As we welcome our new teammates and bring our two companies together, our focus is on maintaining stability so we can continue delivering high quality airplanes, differentiated services, and advanced defense capabilities for our customers and the industry," Ortberg said in a statement. Boeing previously owned Wichita, Kansas-based Spirit but spun it off in 2005. Reabsorbing the company, which is not related to Spirit Airlines, reverses a longtime Boeing strategy of outsourcing major work on its passenger planes an approach that faced mounting criticism in recent ..
Boeing and NASA have agreed to keep astronauts off the company's next Starliner flight and instead perform a trial run with cargo to prove its safety. Monday's announcement comes eight months after the first and only Starliner crew returned to Earth aboard SpaceX after a prolonged mission. Although NASA test pilots Butch Wilmore and Suni Williams managed to dock Starliner to the International Space Station in 2024, the capsule had so many problems that NASA ordered it to come back empty, leaving the astronauts stuck there for more than nine months. Engineers have since been poring over the thruster and other issues that plagued the Starliner capsule. Its next cargo run to the space station will occur no earlier than April, pending additional tests and certification. Boeing said in a statement that it remains committed to the Starliner program with safety the highest priority. NASA is also slashing the planned number of Starliner flights, from six to four. If the cargo mission goes