Boeing Co. is set to raise its India market forecast as the planemaker expects surging travel demand in the world’s second-most populous nation to withstand a slowdown in economic growth and a fall in rupee.
Jet Airways (India) Ltd., the nation’s second-largest airline by market share, may place an order for 50 Boeing Co. aircraft worth $2.5 billion, Bloomberg TV India reported, citing people it didn’t identify.
Boeing Co. said state-owned Air India Ltd. will start preparing next week to take its first 787 Dreamliners, which are almost four years late, after the jets won government approval amid the probe of an engine failure.
A Boeing Co. executive disputed the Indian government’s statement that the planemaker agreed to pay state-owned Air India Ltd. $500 million in compensation because of delays delivering 27 composite-plastic Dreamliners.
National Aviation Co. of India Ltd., Air India’s state-owned parent, plans to seek about $840 million in compensation from Boeing Co. for a delay of almost three years in delivery of its 787 Dreamliner jets.
Air India Ltd. , due to be the second operator of Boeing Co.’s 787 Dreamliner, is considering asking the planemaker to defer deliveries of the aircraft because of a lack of cash, two people familiar with the airline’s plan said.
Damage to a spinning shaft inside a General Electric Co. jet engine was uncovered by U.S. investigators probing a malfunction that spewed hot shards of metal during a test run of a Boeing Co. 787 Dreamliner.