Boeing, the world?s leading aerospace major and the largest manufacturer of commercial jetliners and military aircraft, said that there have been no order cancellations from Indian carriers and it will supply $ 17 billion worth 100 commercial airplane in the next five years to airline operators in India.
Boeing?s current market outlook for India projects a need for 1,001 new commercial airplanes, including passenger and freighter planes worth $105 billion at current list prices over the next 20 years while the Indian defence aviation sector?s demand was pegged at $31 billion in the next 10 years.
In the past three years, the company has delivered $25 billion worth 161 airplanes to Indian commercial airline operators, said Dinesh A Keskar, the newly appointed vice president of Boeing International and the president of the company?s wholly-owned Indian subsidiary Boeing India, who will take over his new responsiblities from March 1.
These planes will be supplied to Air India, Jet Airways and the low cost airline Spicejet, said Keskar, who was here to announce the company?s participation in Aero India 2009 event. Air India has placed orders for 68 airplanes, of which the company has so far delivered 25 flights, he added.
He said the company?s supply orders from India have not affected due to the current slowdown in the global economy that also hit the civil airline industry. He said, ?There is zero cancellation in orders from India.? However he said the commercial aviation industry in India is facing challenging times. Last year the Indian civil aviation industry met with losses and the current financial year ending March 2009 will also not be encouraging, he said. However the next fiscal may turn to be profitable if the economy recover from the slowdown and the airline companies could cover the cost.
According to him, the Indian airline industry is expected to see recovery from the fourth quarter of 2009. He also said the company was committed to investing $100 million to set up an MRO (maintenance, repair and overhaul) facility in Nagpur, $75 million for training programmes and $1.7 billion to buy goods and service from Indian companies.