Jet Sales

Demand for the industry's workhorse A320 and 737 jets has surged in recent years, as economic growth led by Asia brought tens of millions of new middle-class travellers into the skies

The sale included more assets than anticipated, thereby commanding a higher price than the $6 billion to $8 billion that Jefferies modeled

Delay in delivering fighter jets to IAF has potential implications for both national security and the 'Make in India' initiative

The India-US deal to jointly produce fighter jet engines for the Indian Air Force is revolutionary, US Defense Secretary Lloyd Austin told lawmakers on Wednesday. The landmark deal was announced last June during the historic Official State Visit of Prime Minister Narendra Modi to the US. The General Electric signed a memorandum of understanding with Hindustan Aeronautics to make fighter jet engines for the IAF. Austin told the House Appropriations Subcommittee that the United States has a great relationship with India. We recently have enabled India to produce a jet weapon, a jet engine in India. And that's kind of revolutionary. That will provide a great capability to them. We are also co-producing an armoured vehicle with India," he said. "So, all of these things, when you add them up, are probably more than we have seen happen in that region in a very, very long time, Austin said.

India and France have firmed up a defence industrial partnership roadmap that would provide for co-development and co-production of key military hardware and platforms and facilitate technology collaboration in a range of areas including space, land warfare, cyberspace and artificial intelligence. Foreign Secretary Vinay Kwatra, announcing key outcomes of the talks between Prime Minister Narendra Modi and French President Emmanuel Macron in Jaipur last night, also said the Tatas and Airbus Helicopters have entered into a partnership for production of H125 choppers with significant indigenous components. At a media briefing Friday, Kwatra said the India-France defence industrial roadmap would also facilitate cooperation in areas of robotics, autonomous vehicles and cyber defence. He said an MoU was sealed between New Space India Ltd and France's Arianespace for cooperation in satellite launches. Modi and Macron also deliberated on the conflict in Gaza and its various dimensions ...

Boeing is reporting a USD4.16 billion loss for the fourth quarter as the financial fallout from production flaws in one of its best-selling planes keeps getting worse.

Boeing, also for the first time, lifted the lid on the first half of the 20-year period, showing steep declines for the coming decade on the heels of the COVID-19 crisis

When Jet Airways was operating to its full schedule, the total fleet size of Indian airlines had peaked at 614 in January

Sales of new private aircraft fell 16% in the first quarter