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Boeing to Build New Logistics Center in India Following Major Aircraft Order

  • Posted on February 14, 2023
  • News
  • By Akta Yadav
  • 190 Views
2023/02/IMG-20230214-WA0035-300x300.jpg

 New Logistics Center:-

Boeing, the aerospace company, is expanding its presence in India by establishing a logistics center for airplane components at a cost of approximately $24 million. According to Salil Gupte, the president of Boeing's local unit, this move comes amidst a substantial order for nearly 500 aircraft from Air India, previously a state-run airline and now owned by the Tata Group. The order is expected to be declared this week and is valued at over $100 billion at list prices, split between Boeing and Airbus. Of the total order, Boeing's share will consist of 190 737 MAX narrowbody jets, 20 787 widebodies, and 10 777Xs, totaling 220 planes. India is currently the third-largest domestic aviation market globally and is expected to become the third-largest international market soon. Gupte commented that India is one of the world's most crucial civil aviation markets, and as such, there will be significant opportunities in both narrowbody and widebody aircraft. This move by Boeing to set up a new logistics center aims to accelerate access to parts, thus improving aircraft availability for airlines and reducing flight cancellations or groundings due to maintenance issues. New Logistics Center New Logistics Center Boeing's increased focus on India's single-aisle market, which has traditionally been Airbus's mainstay, is paying off with orders from startup airline Akasa Air and rival SpiceJet. Although Gupte did not provide any specific details on customer orders, this move indicates that Boeing is looking to establish a strong foothold in India's aviation market. In conclusion, Boeing's decision to invest in India's aviation market by opening a logistics center for airplane components is a strategic move that will benefit the company in the long run. As India's aviation industry continues to grow, Boeing is strategically positioning itself to capitalize on the ample possibilities available in the market for both narrowbody and widebody aircraft. For more updates keep visiting our website www.topstoriesworld.com where we provide unbiased, true and top stories of the world.      
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