Boeing to Set Up Logistics Center in India Following Huge Air India Order
- February 14, 2023
- Posted by: Quatro Strategies
- Category: Manufacturing
Boeing plans to invest $24 million to build a logistics center for airplane parts in India after a massive order from Air India, which was acquired by Tata Group from the state last year. The deal, which is expected to be announced this week, includes nearly 500 aircraft worth more than $100 billion at list prices, split between Boeing and its rival Airbus. Boeing’s share includes 220 planes split as 190 737 MAX narrowbody jets, 20 787 widebodies, and 10 777Xs.
“India is one of the most important civil aviation markets in the world … and that means there’s going to be huge opportunity in both narrowbody and widebody aircraft,” Boeing’s Indian unit said.
Boeing aims to speed up access to parts in the country and improve aircraft availability for airlines and reduce flight cancellations or grounding due to maintenance.
Boeing’s presence in India’s single aisle market has been expanding with orders from the likes of Akasa Air and SpiceJet.
Boeing forecasts India’s carriers will need 2,200 new planes over the next 20 years, and with narrowbody planes making up the bulk it will be a focus area for the company.
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