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.
For an industry globally classified as hazardous, protections such as health insurance and a provident fund for workers are necessities. In Sivakasi, they remain elusive.
The industry forecasts exports are set to grow 16% in 2025-26, boosted by surplus domestic production and a drive to push into 26 underserved global markets with strong potential.
Indigenisation level will progressively increase up to 60 percent with key sub-assemblies, electronics and mechanical parts being manufactured locally.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
COMMENTS