Boeing Chairman in India

New Delhi: The Chairman, President and Chief Executive Officer of the Boeing Company, Mr W. James McNerney, who oversees the strategic direction of the Chicago-based $68.3-billion aerospace company, is said to have met the Prime Minister, Dr Manmohan Singh, on Tuesday.
Sources confirmed that the 30-minute meeting was scheduled for 12.30 p.m. in Parliament House. Mr McNerney, along with the Boeing India President, Dr Dinesh Keskar, was seen leaving Parliament around 1 p.m. Boeing is among the companies bidding for the $11-billion Indian Air Force 126-aircraft deal.
The US-based company has a decades old relationship with India which started when it supplied Boeing 737 aircraft to Indian Airlines in the 1970's. Recently, the Minister of Defence, Mr A.K. Antony, told the Lok Sabha that the contract for procurement of maritime reconnaissance aircraft was signed with Boeing in January last year.
The written reply did not specify the value of the deal. In January 2006, Air India concluded a 68 Boeing aircraft deal which had a book value of $11 billion.
11/03/10 Ashwini Phadnis/Business Line

To Read the News in full at Source, Click the Headline

Categories: Foreign Mar 2010