Order for 470 aircraft from Airbus, Boeing will be at list price of $70 billion. New revised in-flight alcohol policy strengthens reporting, provides for stronger action, he adds.
Air India's estimated $80 billion deal is more than a big bang statement. To know its significance, just see what Biden and Macron have been saying about it.
Almost all other Indian carriers are expected to order new aircraft in the next 24 months. India needs to add at least 500 planes to manage growing demand, says an aviation expert.
The provisional deals include 220 planes from Boeing and 250 from Airbus and eclipse previous records for a single airline as Air India vies with IndiGo.
IAF’s Multi-Role Fighter Aircraft programme acted as a catalyst for making fighters in the country, says William Blair, Lockheed Martin’s India vice-president and chief executive.
Air India will seal the order with Boeing & engine suppliers General Electric & CFM International Friday after months of negotiations, as the Tata group seeks to revive the airline.
While the commission didn’t mention provisions under which IndiGo's market domination would be examined, Competition Act 2002 prohibits abuse of dominant position by any enterprise.
It is argued that India-Israel ties are moving from buyer–seller dynamic to one focused on joint development & manufacturing partnership, a shift 'more durable' than traditional arms sales.
Don’t blame misfortune. This is colossal incompetence and insensitivity. So bad, heads would have rolled even in the old PSU-era Indian Airlines and Air India.
COMMENTS