India has huge sales potential: Boeing

Boeing job cuts
A Boeing 787 passenger jet I Representational Pic

Amid aircraft lessors concerns in the wake of the Go First crisis, US aircraft maker Boeing on Friday said it will work with stakeholders to the best of its abilities to mitigate the issues. India has huge sales potential, Ryan Weir, Vice President of Commercial Sales and Marketing for India, Boeing Commercial Airplanes, said here. Lessors have raised concerns about the National Company Law Tribunals (NCLT) decision to impose a moratorium on Go First assets that also bar the deregistration of planes leased by the airline. To a query on the Go First crisis and lessors concerns, Weir said it is working with stakeholders and will do the “best of our abilities to mitigate the issues”. “We dont know what the impact is going to be,” he added. India is one of the fastest-growing aviation markets in the world. Earlier this year, Boeing projected that India will require around 2,210 new planes in the next two decades and out of them, 1,983 units will be single-aisle jets. It also estimated a nearly 7 per cent annual domestic air traffic growth through 2041 for the Indian market.

(Except for the headline, this story has not been edited by The Federal staff and is auto-published from a syndicated feed.)