This will be the first time that the Airbus board will be meeting in India, a key market for the aerospace major, which already sources more than USD 1.4 billion worth of services and components from the country.
The Boeing 787-8 Dreamliner was known for being safe and fuel-efficient plan, with no fatal crashes until now. After the Air India crash in Ahmedabad, questions are being raised about how safe the aircraft truly is going forward.
The share sale occurred at a 3.3% markdown compared to Tuesday’s closing price on the Oslo Bourse.
Pakistan has closed its airspace for Indian airlines, resulting in longer flying hours for their international flights, especially those flying out from north Indian cities, including Delhi.
India will need 30,000 pilots in the next 15 to 20 years, said Civil Aviation Minister K Rammohan Naidu.
India, known for its rapidly growing civil aviation market, has been cautiously increasing bilateral flying rights.
Pilots flying for the Prime Minister must adhere to high safety standards and maintain reliability to ensure smooth, efficient travel for a packed schedule.
Boeing has not resumed production of its 737 MAX airplanes due to a machinists’ strike, but plans to gradually restart production in December.
Simaero India’s General Manager Khushbeg Jattana said the training facility in Delhi is expected to be operational in early 2025.
The market outlook anticipates the delivery of 43,863 passenger jets globally over the next two decades, with a total value of $6.6 trillion.
