Market Intelligence: -Airline Aircraft Orders

Boeing to Open its Largest Facility Outside the US in India

Boeing India is poised to inaugurate a sprawling 43-acre complex situated within the Aerospace Park near Devanahalli’s Kempegowda International Airport. This venture represents a substantial investment of Rs 1600 crore, marking Boeing’s most significant facility outside of the United States of America. Boeing India aims to elevate its sourcing from India to Rs 10,000 crore annually, a step up from the current Rs 8000 crore.

Boeing’s existing operations in India are primarily based in New Delhi and encompass field service offices located in Mumbai, Hindan, Rajali, and New Delhi. They also include the Boeing India Engineering & Technology Center (BIETC) in Bengaluru and Chennai. Furthermore, Boeing recently revealed a $100 million commitment for infrastructure development and pilot training initiatives in India, prompted by a sizeable agreement with Air India for more than 200 aircraft, comprising 20 787 Dreamliners, 10 777Xs, and 190 737 MAX narrowbody aircraft.

Devanahalli has emerged as a pivotal hub due to its close proximity to Kempegowda International Airport and the forthcoming Blue metro line (KR Pura – Yelahanka – KIA), approved in April 2021. These factors have stimulated employment opportunities and heightened housing demand in the area, prompting Boeing to establish its most extensive facility in this strategically advantageous location.

Source: Indian Local Media
Photo Credit: Boeing (shown as meta image)

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Global Aircraft Manufacturer, Airbus, Announces Latest Appointment for New Commercial Aircraft Business CEO

Airbus is announcing a leadership evolution in the Executive Committee, establishing a dedicated head at the helm of the Commercial Aircraft business.

“Since 2019, the leadership roles of Airbus and its Commercial Aircraft business have been combined, providing alignment and speed of execution during a period of multiple crises and change. Airbus has now put itself on a clear trajectory in line with its purpose of ‘Pioneering sustainable aerospace for a safe and united world’. Empowering Christian in the Commercial Aircraft CEO role will enable us to reinforce focus on the success of our Commercial Aircraft business while allowing me to dedicate my time to steering Airbus in a complex and fast-evolving global environment,” said Guillaume Faury, Airbus CEO. “Christian and I have been working hand in hand over the last five years and we will continue to do so in this new configuration. I admire Christian’s business acumen and I’m happy to move forward with him to deliver on Airbus’ ambitions.”

“It is an honour and a thrill to be called upon to lead our Commercial Aircraft business at such a critical time for our industry,” said Christian Scherer. “I’ll put my passion and that of Team Airbus at the service of our customers to meet our operational objectives as we work to consolidate our success, continuously improve, and prepare the future of our products and services. As we do so, we will work closely with our partners and suppliers worldwide on our common roadmap to decarbonise aviation.”

This new organisational set-up will be established in the next months in collaboration with the Company’s social partners, with a target go-live in project mode from 1 January 2024 onwards.

Source: Airbus
Photo Credit: Airbus

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