Boeing Wins $6.9 Bln Order from Air-India

#1 Apr 27th, 2005, 05:08
Join Date:
Sep 2004
Location:
Hollywood/Bangalore/Kochi
Posts:
5,039
  • crvlvr is offline
#1
BOMBAY (Reuters) - Air-India on Tuesday approved the purchase of up to 50 long-range Boeing Co. (NYSE:BA - news) aircraft worth about 300 billion rupees ($6.9 billion), the U.S. plane maker's second multi-billion-dollar deal in as many days.

The order, subject to Indian government approval, includes eight 777-200LR ultra-long range aircraft, 15 777-300ERs and 27 of Boeing's newest 787 long-range jets, India's state-run international carrier said in a statement.

Boeing Co. said it hopes to corner a big share of the estimated $35 billion market in India over the next 20 years.

"It's an important customer and we're really happy to have them on board," Mike Bair, vice president and general manager of the 787 program, said on a conference call. "As the Indian airlines start to deregulate, we're seeing a lot of stuff starting to happen over there."

Air-India is facing increasing competition as private carriers Jet Airways (JET.BO) and Air Sahara have launched flights to Southeast Asia and will soon fly to London.

U.S. Transportation Secretary, Norman Mineta, visited India earlier this month and said he expected India to give full consideration to the offer made by Boeing.

"The Boeing order has to be seen as part of an overall push toward a closer Indo-American strategic alliance," said Kapil Kaul, head of the Center for Asia-Pacific Aviation in India.

"It is a huge step forward for Air-India (AI.UL), which is in a very vulnerable stage right now because of the increased competition and I only hope the order sees the light of day soon."

Full story @ http://story.news.yahoo.com/news?tmp...ia_airindia_dc
#2 Apr 27th, 2005, 08:18
Join Date:
Mar 2005
Location:
Amsterdam
Posts:
1,136
  • Indojingai is offline
#2

Thumbs up

woohoo!!

I think somewhere in the back of my head, I wished to see newer planes in AI.
This spend may also balance (by a good measure) the gap in trade from outsourcing...

God, if only they also upgrade the airport aesthetcs a little bit.. at least a few major ones.

By all accounts... Good news!!!
I need your clothes, your boots and your motorcycle.
#3 Apr 27th, 2005, 10:34
Join Date:
Sep 2004
Location:
IND
Posts:
141
  • soulstation is offline
#3
There were reports that the US Prez himself asked the Indian Govt to consider Boeing's offer. Now Airbus surely needs a better salesman!
2005: Jodhpur, Pragpur, Garli, Chamba Patan, Kaleshwar Mahadev, Dada Sibba, Pong Lake, Kangra, Dharamsala, McLeod Ganj (Saw HH Dalai Lama preaching!), Kasauli, Kathmandu & Corbett
2004: Kuchesar, Brijghat, Rishikesh, Glasshouse on Ganges, Mukteshwar, Naukuchiatal, Lucknow, Ajmer, Pushkar, Jaipur, Jaisalmer & Jodhpur
2003: Mussoorie, Varanasi, Lucknow & Goa

Visit my photo gallery
#4 Apr 27th, 2005, 11:42
Join Date:
Apr 2004
Location:
Pole
Posts:
1,478
  • sudheer poppa is offline
#4
Lot of aircraft shopping is happening in India, Kigfisher airline is buying, Another budget airline is coming to be based in Mumbai, Jet airways is buying and Sahara is also shopping....

This it the other side of out sourcing. With a rapid growth of middle class, the western companies are able to have a larger market in India... All the way from Kellogs to Boeing..
We must learn to live together as brothers or perish together as fools - MLK
#5 Apr 27th, 2005, 12:15
Join Date:
Feb 2005
Location:
Mumbai
Posts:
391
  • gs_uppal is offline
#5
Boeing surely have a better salesman (Mr Bush) than Airbus.
Wondering what Bush's sales commission in this deal must be like.
#6 Apr 27th, 2005, 14:08
Join Date:
Mar 2005
Location:
Amsterdam
Posts:
1,136
  • Indojingai is offline
#6
Quote:
Originally Posted by gs_uppal Wondering what Bush's sales commission in this deal must be like.
I dont know... but I guess Indian politicians are not known for the opposite of corrupt.. no?? (I am no Bush supporter either btw)

If there is something to gain, the possible trade benefit to happen from the US is a lot more than it could be from EU.

Thus on this decision, my trust on P.C & Singh Co. has grown a bit more.
The poor country needs trade more and nationalistic ego less... but thats just IMO.
#7 Apr 29th, 2005, 20:29
Join Date:
Dec 2003
Location:
India !
Posts:
2,219
  • beach is offline
#7

Thumbs down

This is just a ‘balancing act’ in the political sense. The recent two multibillion $ aircraft orders from India has been to the Europe (India Airlines order for some 50 Airbus planes and Indian Air Forces’ order to the BAe for the (200?) military jets).

Now possibly the required 250 numbers of the air force jets world be ordered from Russia or likely US. A nasty fight to get this order is in the horizon.

People who make a lot of hullabaloo about this outsourcing and BPO and all should see these figures also.
#8 Apr 29th, 2005, 21:04
Join Date:
Feb 2005
Location:
Mumbai
Posts:
391
  • gs_uppal is offline
#8
Quote:
Originally Posted by beach The recent two multibillion $ aircraft orders from India has been to the Europe (India Airlines order for some 50 Airbus planes and Indian Air Forcesí order to the BAe for the (200?) military jets).
Thats exactly the case - Until a few days back Airbus was the better aircraft for IA & Ai and suddenly boeing has won over .

Even in this acse it was almost certain, till Rice met PM and Bush called him for Boeing, that the deal would go to AIrbus.

Wish decisions are made on their Merit rather than by Diplomats & Politicians.
#9 Apr 29th, 2005, 21:32
Join Date:
Dec 2003
Location:
India !
Posts:
2,219
  • beach is offline
#9

Talking

Now the Kingfisher also would fly on the the Indian skies (so far it has been stuck on to a beer bottle)



www.flykingfisher.com

http://www.hindu.com/2005/04/26/stor...2612811700.htm
#10 Apr 29th, 2005, 22:26
Join Date:
Dec 2004
Location:
Chennai
Posts:
1,849
  • rangss is offline
#10
"If you don't want our F-16's, at least buy a few Boeings...I can't go back home without an invoice. Puhleese!"

Sneaky hidden mike caught Condi pleading dear Sardarji.
...and I took the road less travelled.
#11 Apr 29th, 2005, 23:26
Join Date:
Sep 2004
Location:
Hollywood/Bangalore/Kochi
Posts:
5,039
  • crvlvr is offline
#11
What's the point flying Kingfisher if they can't serve beer on the airlines? Why is it domestic indian airlines cannot serve alcohol? Anyone?
#12 May 27th, 2005, 21:39
Join Date:
Apr 2005
Location:
PA, US
Posts:
538
  • agni5454 is offline
#12
this deal is definitely political; no doubt about that. the idea (like beach said) is called "reverse-outsourcing" where US-based Boeing has enough jobs via deals similar to this. Also F-16/Hornet sales (i am told) will also increase more jobs for Lockheed and Boeing....thats why i think there is a push from US side to sell them to India. Frankly i think India should take the offer; it looks good politically as well as create a better alliance between the two countries.

i frankly do not see the point of indians co-operating with the modern-Russians (not the old USSR) who has no interest in any indian affairs except their money. The modern-USA/UK is more interested in India (not only politically but in its culture, people, etc). Frankly its fair only to say that Indians must do everything under their will to ally with USA/UK because it will be more beneficial in the long run to do this. At the present terms, Indo-Russian alliance doesn't hold much meaning as, Russia is only interested in the money inflow from india....aside from that, there is no other interest culturally, etc. (or this was the idea i got from the www.russia.com forum) Inorder to be true allies with anyone, a nation must share political as well as cultural interest in its allies. This is what i think.
"Human Life without happiness or hope of happiness is not a life, but rather a death in life" - David Swenson The Dignity of Human Life

"History is always a perspective; but numbers never lie"
#13 May 28th, 2005, 16:10
Join Date:
Sep 2004
Location:
Bangalore
Posts:
3,072
  • Digital Drifter is offline
#13
Quote:
Originally Posted by crvlvr What's the point flying Kingfisher if they can't serve beer on the airlines? Why is it domestic indian airlines cannot serve alcohol? Anyone?
Too many drinks , too little sense!

Lots of cases of loutish behaviour after inebriation, that's why. even going to the extent to trying to paw co-passenger or the flight attendant. So everybody flies dry, now.

Similar Threads

Title, Username, & Date Last Post Replies Views Forum
Oberoi wins best premier hotel award Nov 26th, 2004 13:48 1 1472 India Travel News and Commentary
would you like to Godzillasize your order? Nov 1st, 2004 00:53 6 1472 India Travel News and Commentary
North India photos (in order this time) Oct 30th, 2004 15:01 5 1447 Photography
India wins and aussies lose Dec 18th, 2003 04:10 16 2788 Sports in India
Order traintickets from here Nov 6th, 2002 00:44 3 2478 Indian Railways


Posting Rules

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Forum Rules»
Trackbacks are Off
Pingbacks are Off
Refbacks are Off
Thread Tools
Display Modes

Search Engine Optimization by vBSEO 3.3.2
© IndiaMike.com 2018
Page Load Success