Search Result for : Boeing

The Dollar Business Bureau French aircraft manufacturer Dassault Aviation SA is hoping to begin talks with India by this year’s end for additional salesof Rafale fighter aircrafts, before full-fledge negotiations begin next year, said Eric Trappier, Chief Executive Officer, Dassault Aviation on Sunday. Dassault Aviation was awaiting further information on its fighter planes deal from Canada, he said. Last week, Canada has said that it was reviewing its plans to purchase military equipment from the US planemaker - Boeing Company after it filed a trade complaint claiming that Canadian multinational Bombardier Inc had dumped aircrafts into the American market. In November last year, Canada said that it wanted to purchase 18 Super Hornets fighter jets from Boeing as a stopgap move while it set a competition for replacing its ageing fleet of ...

The Dollar Business Bureau  Embedded in the Iran Nuclear Deal of 2015 were terms related to assured support from the developed world for Iran to acquire a fleet of new aircraft from majors like Boeing and Airbus.  Reportedly, the country has acquired merely 3 jets from Airbus in return for cash payments so far, while it aims to purchase as many as 180. While Iranian officials try to accelerate talks with British export credit agency to gain an approval, they have multiple roadblocks to address.  Theresa May’s snap decision to hold general elections in the month of June discourages Britain’s export credit arm to take defining decisions affecting foreign policy during such a critical time. The government is also likely to postpone dealing ...

PTI China's first large homemade passenger jet, touted as a competitor to Boeing and Airbus, made its maiden flight today, heralding the Communist giant's entry into the highly-competitive global aviation sector. The 158-seater C919 aircraft took to the skies from Shanghai Pudong International Airport in eastern China and made the country the fourth jumbo jet producer after the US, Europe and Russia, the state media reported. The 80-minute flight was greeted with applause by more than 1,000 spectators on the tarmac, including Chinese Vice Premier Ma Kai and Shanghai Party chief Han Zheng. The twin-engine plane departed with five crew members on board but without any passengers. "The maiden flight was exciting," said Wu Guanghui, C919's chief ...

The Dollar Business Bureau The US-India Business Council led delegation participating at the Aero India 2017, pledged to support the Make In India campaign of the Indian PM. This could be a show of solidarity and the furthering of US-India defence ties. The ongoing Aero India 2017 show at Bengaluru, is playing host to more than 20 senior executives from American aerospace and defence companies. USIBC is led by George Standridge, VP for Strategy and Business Development for Lockheed Martin and Tom Bell, Senior VP, Boeing. Some of the top defence executives representing companies like Honeywell, Harris Corporation, Textron Systems, Arconic, Raytheon and Telephonics are also a part of USIBC delegation, a statement released by USIBC said. India enjoys the exclusive tag of ...

The Dollar Business Bureau Boeing, a leading player in the global aerospace industry, launched the Boeing India Engineering & Technology Centre in Bengaluru on 24-01-2017. The company mentioned that the new undertaking shall boost local employment and support many of its operations such as information technology and data analytics, engineering, research and technology. The precise employment projections and investment figures haven't been disclosed. "The centre will leverage a talented pool of employees to increase productivity and long-term competitiveness to support Boeings engineering growth in strong global markets like India," Boeing India president Pratyush Kumar said. In India we see a true path towards a mutual partnership for success, and the launch of this centre is a major step in that direction, he added. In India, Boeing has had a presence ...

PTI In one of the biggest deals in the Indian aviation sector, SpiceJet will purchase up to 205 new aircrafts from Boeing with the order valued at Rs.1,50,000 crore. With the earlier order for 55 planes and additional 100 new 737-8 MAX aircrafts, the no-frills carrier now has firmed up order for a total of 155 planes, besides purchase rights for 50 B737-8 MAX and wide body aircraft. Announcing the deal in New Delhi on Friday, SpiceJet Chairman and Managing Director Ajay Singh said the total order of 205 aircraft is valued at Rs.1,50,000 crore ($22 billion). “This is one of the largest deals in Indian aviation and the largest for SpiceJet,” Singh said. Currently, the budget carrier has ...

The Dollar Business Bureau  Optimistic about the growth prospects, low-cost airline SpiceJet said on Friday that it expects to conclude negotiations and put orders for new aircrafts in the current fiscal year ending in March.  The budget carrier, which has been in profit for seven quarters in a row after battling financial instability, is expected to be looking for about 100 aircrafts.  “For quite some time, the discussions are going on. We are expecting to complete the negotiations and would place an order this fiscal,” said a SpiceJet spokesperson in a statement.  However, he did not disclose the details about the type or number of aircrafts that are expected to be ordered.  Presently, the airline has a fleet of 47 aircrafts, which consists of 18 Bombardier Q400s ...

The Dollar Business Bureau Iran on Monday said it has finalised a deal of $16.8 billion with Boeing to buy 80 passenger planes, which is made possible by the landmark nuclear deal last year. According to the state-run news agency IRNA, 50 Boeing 737s and 30 Boeing 777s aircrafts would be delivered in next 10 years. This is the biggest deal to be signed by an American firm with Iran since the 1979 revolution and takeover of the US Embassy. In September 2016, the US granted approval to Boeing and its European counterpart Airbus for selling aircrafts to Iran worth billions of dollars. Last year, the US and other major powers of the world agreed to lift sanctions on Tehran in exchange for ...