Sunday, July 22, 2018

India emerges as a key player at Farnborough airshow

The rising potential of opportunities in the Indian skies has been clearly evident at the Farnborough International Airshow which saw $46.4 billion in deals announced on the first day and the $95.9 billion mark breached on the second day. Naresh Goyal-promoted Jet Airways on Tuesday signed a formal agreement with Boeing to acquire an additional 75 latest single-aisle 737 Max aircraft valued at $8.8 billion.

Speaking exclusively to The Sunday Guardian, Dinesh Keskar, Senior Vice President, Asia Pacific and India Sales, for Boeing Commercial Airplanes, said, “The fact that Jet Airways has ordered 75 additional 737 Max 8 at the 2018 Farnborough International Airshow confirms that Indian skies will continue to reflect double digit growth like in the past 4-5 years. This clearly reflects the fact that the Indian aviation sector will absorb a lot of single aisle and wide-bodied aircraft.” Apart from the deal with Jet Airways, Boeing seemed excited about making inroads into full service airline Vistara. “Coming from the Singapore Airlines stable, Vistara flies a lot of Airbus A-320 and Neos. That they have opted for Boeing 787 is good news for us,” Keskar added.

Jet Airways chairman Naresh Goyal said after the signing ceremony on the first day of the Farnborough show: “The order emphasises Jet Airways’ commitment to the growth and potential of the Indian aviation market.”
21/07/18 Kamal Shah/Sunday Guardian Live