Jet Airways wants to delay delivery of ten 787s: Boeing

By: |
Mumbai | August 22, 2016 9:58 PM

The Boeing Corporation today said Jet Airways has asked it to delay the delivery of ten 787 Dreamliners scheduled for next year.

Talking to reporters on the sidelines of the annual meet of the Indo-American Chamber of Commerce, Keskar said Jet leased out these when the oil prices had hit the roof and now they are taking them back. (Reuters)Talking to reporters on the sidelines of the annual meet of the Indo-American Chamber of Commerce, Keskar said Jet leased out these when the oil prices had hit the roof and now they are taking them back. (Reuters)

The Boeing Corporation today said Jet Airways has asked it to delay the delivery of ten 787 Dreamliners scheduled for next year.

“Jet Airways has informed us that it does not want to take the delivery of the 10 787s as per schedule. The move follows its decision to retake a similar number of 777s from Etihad and Turkish Airlines, which were given on lease by the airline earlier,” Dinesh Keskar, senior vice president for sales, Asia Pacific & India at Boeing told reporters here.

Talking to reporters on the sidelines of the annual meet of the Indo-American Chamber of Commerce, Keskar said Jet leased out these when the oil prices had hit the roof and now they are taking them back.

On the commercial implications of the move on Boeing, he said, “This is just a delay in taking the deliveries and that there is plenty of orders with us, including from Jet and the decision is perfectly fine with us.”

He said the company has USD 8 billion worth of orders from Jet for as 75 planes of 737-Max and an order from Spicejet for 55 such planes worth USD 6 billion.

Also, there is USD 3 billion worth of orders from Air India for six Dreamliners and three 737-Maxes, he said.

Keskar said over the past one decade alone, Boeing has got orders worth USD 25 billion from domestic airlines and is expected to touch USD 265 billion or 1850 commercial planes over the next 20 years.

Sounding very optimistic about Boeing’s prospects in the country, given the unprecedented growth in domestic aviation sector that has been clipping at over 20 per cent, and the rapidly increasing cooperation in the defence space, he said going forward his company will increase businesses with domestic companies both in software and hardware.

While Boeing has technology partnerships with Infosys, Wipro, HCL and Infotech, it has manufacturing tie-ups with a many Tata Group companies and Bharat Forge. Both of this will only increase going forward, he said without quantifying it.

On the defence side, Boeing is increasing collaboration with the Air Force and the Navy and has delivered five P-8is Poseidon maritime patrol aircraft to the Navy, on schedule as part of a contract for eight aircraft for over USD 1 billion contract awarded in 2009.

That apart, it has also delivered C10 -17s and worth USD 4 billion and will be co-producing the attack choppers Apaches and the Chinok brand of transport choppers for the Navy and the Air Force.

He also confirmed that Boeing will be reducing the production of its once highly successful 747 jumbo jets in response to the industry evolution, wherein demand for such large planes is on the wane. Even Airbus is scaling down the A380s production due to the same reasons.

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